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| 1. Buying a car is the _____ most expensive purchase most people make in their lives. |
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| 4. The reasons for buying a new car are _________ and __________. New cars come with warranties, often for up to 10 years or 100,000 miles. |
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| 5. To make financial sense of buying a new car, you should plan to drive it for __________ years after you have paid off the car loan. |
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| 8. The lowest price is the Actual Dealer __________ Price, and it can be found at Kelly Blue Book or kbb.com, Edwards.com, and nada.com |
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| 6. Buying a new car is usually _____ a good financial decision, regardless of what interest rate you get on the loan. |
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| 9. Add-ons are __________ services, such as rust proofing and are not needed on newer cars—you should _____ pay for them. |
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| 10. A.D.M. stands for Additional Dealer __________--you do not have to pay it to buy a new car from a reputable dealer. |
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| 11. Your goal is to negotiate a new car deal between ____% to _____% over the Actual Dealer Invoice Price. |
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| 13. A new car may lose _____ of its value during the first year of ownership. |
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