Choose wisely. There is only one correct answer to each question.
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1.
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.
2.
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.
3.
Who of the following is more likely to offer a lower price on a given used vehicle?
A private party. Though this is not a hard-and-fast rule, private party vehicles typically cost less than dealer vehicles. One reason is the lack of overhead.
4.
A certified used car is one that has been _______.
Improved upon and given an extended warranty. Certified cars appeal to people who want to buy a used car that is like new.
5.
When you have settled on a price for a used car at a dealership, that price is not the final price that you will pay for the transaction.
True. After that part, you still have various fees and taxes to pay.