Life Lessons - 2

Question 1

Best car

Answer 1

paid in cash

Question 2

New cars

Answer 2

Don’t buy new cars cause they depreciate much faster yet you still owe the full rice, plus tax

Question 3

What car lots wanna know

Answer 3

how much you can afford to pay each month

Question 4

What you wanna know

Answer 4

how much the car is going to cost in total

Question 5

Used cars

Answer 5

don’t lose much value when you drive them off the lot. you could sell if you needed to without going in debt

Question 6

Used cars are better cause

Answer 6

certified pre-owned cars, which means mechanic approves the car for resale

Question 7

Car insurance

Answer 7

liability is required by law for cars that are paid off. full coverage is required for cars that are not paid off

Question 8

Gap insurance

Answer 8

covers the difference between the value of the car and what is still owed on the car. useful for new car rather than old

Question 9

Tips

Answer 9

say no to first offer and say no until they don’t have any more options. buy end of a model year. pay more than the required minimum if possible.

Question 10

Tips - 2

Answer 10

Check rental car companies for car sale. check carmax for an easy transparent process