Final answer:
When purchasing an Alberta-registered vehicle, ensure that it is properly registered (option B) and know that insurance is mandatory and not optional. Insurance rates vary by age, driving history, and the vehicle's history, and they remain a recurring expense.
Step-by-step explanation:
When you purchase an Alberta-registered vehicle, it is important to make sure that the vehicle is properly registered (option B). Vehicle registration is a legal necessity that links a vehicle to its owner. Also, it's crucial to note that insurance is not optional; it's a legal requirement that provides financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle.
Insurance rates may vary depending on several factors such as the vehicle's safety rating, your driving history, the history of the vehicle, and your age. Typically, insurance rates are higher for younger, less experienced drivers. You should anticipate insurance as an ongoing expense, payable monthly, quarterly, or biannually, even after you have finished paying off the vehicle itself.