All of the Following Statements Regarding Trade-Ins Are True EXCEPT

question 178

Multiple Choice

All of the following statements regarding trade-ins are true EXCEPT:

• A) If a trade-in is involved,the consumer must negotiate two prices,one for the new product and one for the existing product.
• B) On average,customers who traded-in an automobile when purchasing a new one end up paying more than customers who simply buy a new car from a dealer.
• C) Research found that trade-in customers tend to care more about the trade-in value they receive than the price they pay for the new product.
• D) About 95 percent of all new car sales involve a trade-in.
• E) All of the above statements are true.

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