24) What percentage of your monthly income should be spent on auto expenses? a. 50%

b. 10% c. 35% d. 20%

25) Which is typically the only way to purchase a car and receive a warranty? a. Dealership

b. Auction

c. Used Car lot d. Private Seller.

26) What is something you could do to reduce your monthly car expenses?

a. Wash it often

b. Don’t start and stop quickly

c. Get the windows tinted

d. None of the above

27) What are two questions that would be good to ask when buying a used car from a private seller?

a. Why are you selling the car? What color is the car?

b. How long have you owned the car? Has the car been in any accidents?

c. What type of car are you getting next? Why are you selling the car?

d. How many of this type of car did the manufacturer make? What is your address?

28) Where does the majority of new-car dealerships make most of their profit?

a. Vending Machines

b. Car Sales

c. Financing & Insurance

d. The don’t make a profit

29) What do you need to remember to cancel if you end up selling your current car?

a. Auto Trader Subscription

b. Driver License

c. Car Title

d. Insurance

30) What should you do BEFORE you shop for a new car?

a. Figure out how much you are able to spend on a car

b. Clean out your garage

c. Get insurance