CTFA practice questions, page 26 of 35, with answer review and explanations.
Question 126
A systematic approach to selecting and financing a vehicle can mean significant savings. Before making any major purchase-whether it's a car, house, or large appliance-consider some basic guidelines to wise purchasing decisions.
Research your purchase thoroughly, considering not only the market but also your personal needs
Buy the item for your needs
Do not purchase and make necessary repairs promptly
Both A and B
Question 127
The loss in the value of an asset, such as an automobile, that occurs over its period of ownership; calculated as the difference between the price initially paid and the subsequent sale price.
Depreciation
Franchise dealerships
Independent dealership car lots
Private individuals
Question 128
_____________ offers the latest-model used cars, provide financing, and will negotiation on price. Be sure to research values for shipping.