question 1 (1 point)why do experts recommend avoiding telling a salesperson your maximum monthly budget early in the negotiation?○ a it will prevent the salesperson from being able to find any cars for you○ b it will automatically lower your credit score fi the dealer hears a low number○ c it allows the sales person to hid ethe total cost of the car by focusing only on the payments○ d it is illegal to share personal financial info at the dealershipquestion 2 (1 point)which term best describes the reduction in a wehicles valeu over time?○ a appreciation○ b inflation○ c equity○ d depreciationquestion 3 (1 point)what is a major advantage of buying a certified pre-owned (cpo) vehicle over a standard used car?○ a it is always the least expensive option○ b it is a brand new car that has never been driven○ c it can be purchased from any private seller on social media○ d it comes with a manufacturers backed warrantyquestion 4 (1 point)what two components typically make up a monthly car lease payment?○ a maintenance cost and insurance○ b loan principal and sales tax○ c depreciation and interest○ d fuel cost and fees

Question

question 1 (1 point)why do experts recommend avoiding telling a salesperson your maximum monthly budget early in the negotiation?○ a  it will prevent the salesperson from being able to find any cars for you○ b  it will automatically lower your credit score fi the dealer hears a low number○ c  it allows the sales person to hid ethe total cost of the car by focusing only on the payments○ d  it is illegal to share personal financial info at the dealershipquestion 2 (1 point)which term best describes the reduction in a wehicles valeu over time?○ a  appreciation○ b  inflation○ c  equity○ d  depreciationquestion 3 (1 point)what is a major advantage of buying a certified pre-owned (cpo) vehicle over a standard used car?○ a  it is always the least expensive option○ b  it is a brand new car that has never been driven○ c  it can be purchased from any private seller on social media○ d  it comes with a manufacturers backed warrantyquestion 4 (1 point)what two components typically make up a monthly car lease payment?○ a  maintenance cost and insurance○ b  loan principal and sales tax○ c  depreciation and interest○ d  fuel cost and fees

Accepted Answer

# Brief Explanations:
1. For Question 1: Sharing a maximum monthly budget early lets salespeople structure payments to hit that number while obscuring the total vehicle cost, rather than negotiating the overall price.
2. For Question 2: Depreciation is the specific term for the decrease in an asset's (like a vehicle) value over time, unlike appreciation (value increase), inflation (general price rise), or equity (ownership value).
3. For Question 3: Certified Pre-Owned vehicles undergo inspections and come with a manufacturer-backed warranty, which standard used cars typically do not offer. They are not always the cheapest, are not new, and are sold through dealerships, not private social media sellers.
4. For Question 4: Monthly lease payments primarily cover the vehicle's depreciation during the lease term and interest (often called a money factor) on the leased amount, not the other listed combinations.
# Answer:
1. c. It allows the sales person to hide the total cost of the car by focusing only on the payments
2. d. Depreciation
3. d. it comes with a manufacturers backed warranty
4. c. depreciation and interest

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