Auto Loan Basics: Chapter 5 quiz

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If you think you’ve mastered the material in this chapter, take our quiz. After you click the ”submit” button, the answers will appear below.

  1. The best way to finance a new car is to get a loan from:

    The dealer that offers the lowest interest rate
    The dealer that offers the best rebate
    A third-party lender, such as a financial institution
    Any of these
  2. True or false: Zero-percent financing is fantastic for every buyer.

    True
    False
  3. True or False: Used cars usually have lower interest rates and longer finance terms than new cars, making them cheaper overall.

    True
    False