Used Cars: Financing, Negotiation, and Shipping Values | CTFA Exam Prep

Used Cars

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Question

_____________ offers the latest-model used cars, provide financing, and will negotiation on price. Be sure to research values for shipping.

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A. B. C. D.

B

The answer to the question is C. Independent used car lots.

Independent used car lots typically specialize in selling used cars that are often a few years old but in good condition. They may offer financing options to customers who want to purchase a vehicle and may also negotiate on the price.

Unlike franchise dealerships, which are owned and operated by the manufacturer of the cars they sell, independent used car lots are owned by individuals or small businesses. This allows them more flexibility in their pricing and inventory, and they may offer a wider variety of makes and models to choose from.

Dependent car lots, on the other hand, are typically associated with a specific brand of car and may only sell that brand's used vehicles. Private individuals may sell their own cars, but they may not offer financing options, and the condition of the vehicle may be more difficult to verify.

When it comes to researching values for shipping, this is something that should be considered when purchasing a car from any source, including independent used car lots. Shipping costs can vary depending on the distance the vehicle needs to be transported, as well as the type of vehicle and any special requirements for shipping. It's important to factor in these costs when budgeting for a used car purchase.