Advantages of Buying a Used Car Rather Than a New

question 18

Multiple Choice

Advantages of buying a used car rather than a new car include

• A) good mechanical condition.
• B) will depreciate less quickly.
• C) more choices available.
• D) cost.
• E) all of the above.

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Definitions:

UCC

Refers to the Uniform Commercial Code, a complete collection of regulations that oversee every commercial transaction in the United States.

Manufacturer

An entity or individual that makes goods through a process involving raw materials, machinery, and labor.

Shipment

The process of transporting goods from one location to another.

Counteroffer

A proposal made in response to an original offer, changing its terms in the hopes of reaching an agreement.