1 Which of the following is not a step toward purchasing an automobile?
Shop for financing
Analyze needs versus wants
Make a preliminary offer
2 When picking out a car and determining needs versus wants, a person should ask him or herself all of the following questions except:
How much cargo do you carry?
Do you want a manual or automatic transmission?
Do you need two-wheel drive, all-wheel drive, or four-wheel drive?
All choices are correct.
3 How much of a down payment do lenders require when purchasing a car?
4 What is the disadvantage to buying a home?
The value of your house may increase.
Eventually, you will be able to live payment-free.
The value of your house may decrease.
You will gain equity by paying down your mortgage.
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