Question

buying a car quiz | schoologywhat percentage of the vehicle price is typically recommended for a down payment to avoid owing more than the car is worth?a 20%b 0%c 50%d 5%question 12 (1 point)how should a buyer view the manufacturers suggested retail price (msrp)?a as the final, non-negotiable price of the vehicleb as the total price including taxes, registration and feesc as a price set by the buyer based on market researchd as a starting point for negotiations the can be loweredquestion 13 (1 point)which of these is considered a hidden cost of car ownership because it isnt a bill you pay monthly?a depreciationb fuelc monthly loan paymentsd insurance premiumsquestion 14 (1 point)which loan is cheaper for a $20,000 cara cash 20kb 72 months at $300c 36 months at $750d 24 months at $900

Explanation:

Step1: Solve first question

The standard recommended down payment to avoid being upside down (owing more than the car is worth) is 20% of the vehicle price.

Step2: Solve second question

MSRP is the manufacturer's suggested price, which is used as a starting point for negotiation, not a final non-negotiable price, nor does it include extra fees, nor is it set by the buyer.

Step3: Solve third question

Depreciation is the loss of a car's value over time, which is not a monthly bill, unlike fuel, loan payments, or insurance premiums, making it a hidden cost.

Step4: Solve fourth question

Calculate total cost for each option:

• Option a: $\$20,000$
• Option b: $72 \times 300 = \$21,600$
• Option c: $36 \times 750 = \$27,000$
• Option d: $24 \times 900 = \$21,600$

Compare totals to find the cheapest.

Answer:

1. a. 20%
2. d. as a starting point for negotiations the can be lowered
3. a. depreciation
4. a. cash 20k