When advertising terms and price conditions of sale for a car, which term may be used by dealers?

Prepare for the Colorado Motor Vehicle Salesperson Exam. Study with flashcards and multiple choice questions, each question includes hints and explanations. Ensure you're ready to excel!

In the context of advertising terms and price conditions for the sale of a car, stating "Wish approved credit" is appropriate because it communicates that the final terms of financing or purchase are subject to the buyer's creditworthiness. This aligns with the expectations of potential buyers, who need to understand that not all customers may qualify for the same financing options. By indicating that the price may vary based on approved credit, it helps ensure that the advertisement complies with fair lending practices and doesn't mislead potential customers about the terms of the sale.

On the other hand, terms like "Cash only required" or "Price only valid for today" can be seen as restrictive or might imply conditions that are not generally applied. Furthermore, “Offer expires next week” may create an arbitrary pressure that can be considered misleading if not adequately explained. It is essential that dealers adhere to transparent advertising practices that accurately reflect the terms of potential sales while complying with relevant regulations.

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