The _______ is the contract that seals the deal when you buy a car.
A.loan application
B.warranty
C.loan agreement
D.sales agreement
i got C
No. I told you that was the wrong answer before. Please read my previous responses carefully. Google any terms you don't understand.
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What is a loan application?
What is a warranty?
What is a sales agreement?
A warranty is when u have an amount of time to get a new one .
A sale agreement is like when a seller like exchanges for a specific sum of money .
A loan application is when it shows u like a document liek all the information you need.
Not exactly.
A warranty is an agreement that the seller of the car will fix some things that might go wrong within a certain time period.
A sales agreement is a legal document that the buyer agrees to buy the car.
A loan application asks a bank or the dealer to loan the buyer money to make the sale.
okay thank you but is A write ?
I pay cash for cars -- as do many people. I do not borrow money so I don't need a loan application.
so its not A not B not C not D then wat can it be ?
The answer is D. When a person buys a car, s/he signs a sales agreement.
i said that on the other post and u said No but okay thank you
To determine the correct answer, we need to understand the purpose of each item listed.
A. Loan application: When purchasing a car, you may need to apply for a loan if you are not paying the full amount upfront. However, a loan application is not the contract itself.
B. Warranty: A warranty is a guarantee provided by the manufacturer or the seller of a product, protecting the buyer against potential defects or malfunctions. While a warranty may be included in the car purchase, it is not the contract that seals the deal.
C. Loan agreement: A loan agreement is a contract between the borrower (the person buying the car) and the lender (the entity providing the loan). It outlines the terms and conditions of the loan, including interest rate, repayment schedule, and any penalties. Although a loan agreement is an important document in the car buying process, it is not the contract that finalizes the purchase.
D. Sales agreement: A sales agreement is the contract that seals the deal when you buy a car. It sets out the terms and conditions of the sale, including the purchase price, payment method, and any other specific details agreed upon by the buyer and the seller.
Therefore, the correct answer to the question is D. Sales agreement. This document is signed by both parties (buyer and seller) to establish a legally binding agreement for the purchase of the car.