Choose wisely. There is only one correct answer to each question.
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1.
Before purchasing a used car, it is recommended that you have the car checked by a trusted mechanic.
True. An inspection by a trusted mechanic can be the best insurance against purchasing a car likely to be subject to major repair bills.
2.
When you are buying a used car, which of the following sources of information is most likely to provide accurate and reliable information about car prices?
Kelley Blue Book. This publication is well established and often relied on by dealers as well as purchasers. Wholesale and retail prices for used cars are listed.
3.
When shopping for a used car at a dealership, what might be the purpose of mentioning other dealerships that are offering the same car?
The dealer might match their prices. The intimidation might work for some, but the main purpose is to make the dealer compete with the other dealers to get your business.
4.
When you are looking for a used car, a used car lot will always get you the best deals.
False. You may get a better deal on a used car lot from a new car dealer, a mechanic, a friend, or some other party.
5.
When buying a used car, your objective should be to pay as close to the _______ as possible.
Wholesale price. While your goal will be to come as close as possible to the wholesale price, the seller will still want to sell at the retail price.