Question

For questions 1–10, fill in the blank with the letter of the term that best matches the description.

a. Used car cost
b. Wholesale value
c. Kelley Blue Book
d. lease
e. Depreciation
f. Reliability
g. Equity
h. Bumper–to–bumper warranty
i. Insurance premiums
j. Sticker price

Answer 1

1. A long-term rental
2. A guarantee which covers the entire car, with few (if any) exceptions
3. The amount or percentage by which something decreases in value over time

4. The value of a piece of property, over and above any mortgage or other liabilities relating to it. Ownership right in property
5. The payment made to obtain insurance

6. Able to be trusted with financial responsibility; high likelihood of paying back debt
7. The retail value of something; the price that something is advertised as costing
8. The cost of something when bought directly from the manufactuer
9. Wholesale value minus depreciation, plus taxes, registration and licensing fees
10. Online resource for car pricing

Answer 2

1. D
2. H
3. E
4. G
5. I
6. F
7. J
8. B
9. A
10. C