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Total car expenses should be under which percent of your monthly income?
$834
Depreciation
The total amount of the car loan
3.9% for 48 months
20%
All of the above
Property damage liability
30-35%
If your net annual income is $50,000, what is the maximum amount you should budget for monthly car expenses?
$834
Depreciation
The total amount of the car loan
3.9% for 48 months
20%
All of the above
Property damage liability
30-35%
If you are rear-ended by another driver and nobody was injured, which of the following types of coverage would apply?
$834
Depreciation
The total amount of the car loan
3.9% for 48 months
20%
All of the above
Property damage liability
30-35%
On average, about how much of your monthly net income can you expect to spend on housing expenses?
$834
Depreciation
The total amount of the car loan
3.9% for 48 months
20%
All of the above
Property damage liability
30-35%
Which loan option will cost the least amount in interest charges?
$834
Depreciation
The total amount of the car loan
3.9% for 48 months
20%
All of the above
Property damage liability
30-35%
Cars are generally poor purchases when looked at as purely an investment because they only go down in value over time. What is this decrease in value called?
$834
Depreciation
The total amount of the car loan
3.9% for 48 months
20%
All of the above
Property damage liability
30-35%
Which of the following might be written into your apartment lease?
$834
Depreciation
The total amount of the car loan
3.9% for 48 months
20%
All of the above
Property damage liability
30-35%
What is the amount financed referring to on a new car loan?
$834
Depreciation
The total amount of the car loan
3.9% for 48 months
20%
All of the above
Property damage liability
30-35%
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