Auto Loans and Leases Quiz




Question 1: The money factor of a car lease is .0025. This is the equivalent to an APR of:






Question 2: Which of the following lease terms will likely lead to a lower monthly payment? All four leases have the same down payment, fees, incentive and allowed mileage.






Question 3: The shorter the car loan term,




Question 4: If you are buying a car from an individual and not from a dealer,
you are not eligible for a car loan





Question 5: Special Finance is a sector of the auto lending industry:






Question 6: The monthly payment of a 5 years, $15,000 auto loan with an interest rate of 2% is close to:






Press the Submit button to see the results.