Question

1 which of the following should you do first when purchasing a car?
review purchase options
do some research and determine your needs
visit a dealership
calculate a budget

Explanation:

Identify the first step in purchasing a car

When making a major purchase like a vehicle, applying Personal Finance Basics requires establishing financial boundaries before looking at options. Determining how much you can afford prevents overspending.

Compare the options

• "Review purchase options" and "Visit a dealership" occur after you know your financial limits.
• "Do some research and determine your needs" is important, but must be guided by what you can actually afford.
• "Calculate a budget" is the absolute first step to ensure the purchase is financially viable.

Answer:

• Review purchase options
• Do some research and determine your needs
• Visit a dealership
• Calculate a budget (Correct answer)