ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is a disadvantage of buying a used car?
A
. Higher cost
B
Higher insurance fee
C
. Better financing
D
Limited choice
Explanation: 

Detailed explanation-1: -One of the biggest cons of purchasing a used car is reliability. Typically, second-hand cars are less reliable compared to brand-new cars. The older the vehicle, the more you spend on maintenance, repairs and parts replacement.

Detailed explanation-2: -Pre-owned cars come with a lower price tag and offer a much better value for the amount paid. You may compare numerous models from various used car dealerships, and select the model based on your needs. While doing so, compare the quoted rates and choose the dealer offering the best rate for the car.

There is 1 question to complete.