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Jamie Lee is considering a used vehicle, but cannot decide where to begin her search. Using...

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Finance

  1. Jamie Lee is considering a used vehicle, but cannot decidewhere to begin her search. Using Your Personal Financial PlanSheets #19, name the sources available to Jamie Lee for a usedcar purchase.

What are the advantages and disadvantages of each? To keepthings consistent, let's use the following:

  • New Car Dealer
  • Used-Carl Dealer
  • Private-Party Sale (through individuals)
  • Auctions
  • Used-Car Superstores

Answer & Explanation Solved by verified expert
4.0 Ratings (776 Votes)
New Car Dealer Advantages will provide the latest available cars may provide old stock car unused at a lower rate Disadvantages Expensive source As he will be selling unused cars Probability of availability of Old car is low Used Car Dealer Advantages Deals in Used car hence car will be easily available May provide Installment    See Answer
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Transcribed Image Text

Jamie Lee is considering a used vehicle, but cannot decidewhere to begin her search. Using Your Personal Financial PlanSheets #19, name the sources available to Jamie Lee for a usedcar purchase.What are the advantages and disadvantages of each? To keepthings consistent, let's use the following:New Car DealerUsed-Carl DealerPrivate-Party Sale (through individuals)AuctionsUsed-Car Superstores

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