<p> Student Worksheet</p><p>Cars Name:______</p><p>Assessment Activity Date:______</p><p>CarsConcept Quiz Class Period:______</p><p>1. Which of the following will increase the cost of the loan?</p><p>A. When the interest rate (or APR) increases B. When the dealer offers 0% interest C. When the length of the loan decreases D. When the interest rate (or APR) decreases</p><p>2. What would a 10% down payment be on a $17,000 car?</p><p>A. $1,000 B. $1,700 C. $700 D. $170</p><p>3. What is the type of insurance that covers bodily injury and property damage to others?</p><p>A. Liability B. Uninsured Motorist C. Comprehensive D. Collision</p><p>4. What is the type of insurance that covers you when you are injured by a hit-and-run driver?</p><p>A. Liability B. Uninsured Motorist C. Comprehensive D. Collision</p><p>5. What should you do before you go shopping for a car?</p><p>A. Look at car magazines B. Visit dealerships and say “just looking” C. Research car prices, safety, fuel economy, insurance, and financing D. Pick your favorite car color</p><p>6. Which is usually the biggest vehicle expense?</p><p>A. Sales tax B. The cost of the vehicle C. License and registration D. Routine maintenance</p><p>7. What is the minimum down payment recommended to purchase a car?</p><p>A. 0% B. 10% C. 15% D. 20% Student Worksheet</p><p>Cars Name:______</p><p>Assessment Activity Date:______</p><p>CarsConcept Quiz Class Period:______</p><p>8. What is the MPG (miles per gallon) of your car if the gas tank takes 10 gallons of gas and you have driven 120 miles? </p><p>A. 10 MPG B. 11 MPG C. 12 MPG D. 13 MPG</p><p>9. What should you do on a test drive?</p><p>A. Drive the car across the country B. Drive the car around the dealership lot C. Drive the car by your friend’s house to see if he likes the car D. Drive the car for at least 10 minutes and 10 miles</p><p>10. What cost do you want to add a 2% - 8% markup to when making a reasonable offer on a car?</p><p>A. MSRP B. Invoice price C. Dealer cost D. Base price</p><p>11. What is one advantage of leasing versus buying a vehicle?</p><p>A. You don’t own the car B. Limited annual mileage C. Lower monthly payments D. Must return all items in car</p><p>12. Insurance is based on the concept of ______and ______?</p><p>A. Profit and loss B. Risk and loss C. Risk and return D. Profit and Cars</p><p>13. Which one is NOT a place where you can get a car loan?</p><p>A. Bank B. Car Dealer C. Credit Union D. Investment Broker Student Worksheet</p><p>Cars Name:______</p><p>Assessment Activity Date:______</p><p>CarsConcept Quiz Class Period:______</p><p>14. Which type of insurance is usually required if you finance your car purchase?</p><p>A. Medical Payment Insurance B. Towing Insurance C. Rental Insurance D. Collision and Comprehensive Insurance</p><p>15. What is a 10% down payment on a $12,000 car?</p><p>A. $2,400 B. $120 C. $1,200 D. $1,000</p><p>16. Is a car usually the 1st, 2nd, 3rd, or 4th most expensive purchase in life?</p><p>A. 1st B. 2nd C. 3rd D. 4th</p><p>17. Which of the following is an advantage of buying a used car?</p><p>A. Reduced purchase cost B. May include some warranty protection C. Reduced depreciation D. All of the above</p><p>18. Which is an example of making a major and unexpected car repair?</p><p>A. Rotating the tires B. Changing the oil C. Replacing the engine D. Refilling the windshield wiper fluid</p><p>19. When is the best time to look for a mechanic?</p><p>A. When your car breaks down B. When you’re getting your oil changed C. When you’re selling your car D. Before you need one</p><p>20. What should you do when dropping your car off at the mechanic? </p><p>A. Describe the symptoms B. Get the estimate in writing C. Don’t sign a blank repair order D. All of the above</p>