Free CTFA Exam Braindumps (page: 47)

Page 46 of 113

Dealer invoice is the amount a dealer is billed by the car manufacturer.

  1. True
  2. False
  3. It depends
  4. There is no such invoice

Answer(s): A



APR is the same as the interest rate.

  1. True
  2. False
  3. It depends
  4. APR is not comparable with interest rate

Answer(s): B



Dealer holdback is an allowance:

  1. That manufacturer gives to the buyer
  2. That supplier gives to the buyer
  3. That wholesaler gives to the buyer
  4. None of these

Answer(s): D



Dealer charges include:

  1. Manufacturer warranty
  2. Retailer warranty
  3. Producer warranty
  4. None of these

Answer(s): D






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