* Your answer is incorrect. What is final step in the process of purchasing an automobile? Locate the best bank and negotiate the rate. Locate the best dealership and negotiate the price. Determine if leasing or financing the car is best. Shop for the cheapest auto insurance. * Your answer is incorrect. The primary reason you should purchase PAP coverage is to: pay for the liability you may cause to others if you are involved in an accident in which you are at fault. pay for damage to your vehicle, medical expenses for yourself, or damages and medical bills you cause for others. pay for your medical expenses if you are involved in an accident pay for damage to your vehicle if you are involved in an accident * Your answer is incorrect. Which of the following is a characteristic of a personal automobile policy? Pays medical expenses and property damages to others harmed in the accident you caused. Provides a financial safety net in case you are at fault in causing significant physical, bodily, or emotional harm to others. Provides a financial safety net in case an uninsured or underinsured driver causes you significant financial loss from a car accident All of these answer choices are correct. Once you're preapproved for an auto loan, you can then start researching and identifying the best vehicle models. What are valid items to research? Reliability, repair histories, and fuel efficiency. Repair histories. Reliability and repair histories. Fuel efficiency What type of personal loan has the highest APR? O Installment loan. O Line of credit. Deposit advance. Payday loan. The key takeaway for purchasing a car is to: do your homework. keep your options open. choose the best alternative that meets your budget. All of these answer choices are correct