OMVIC Practice Test

Which of the following is an example of a condition a customer might want included in a vehicle purchase contract?

1. Financing approval

2. The customer’s pet approval

3. The dealer’s approval

4. The vehicle’s color

The correct answer is: Financing approval

A financing approval is a condition that a customer might want included in a vehicle purchase contract because it ensures that the customer will be able to secure financing for their purchase. This is an important condition because a customer who does not receive financing approval may not be able to afford to purchase the vehicle. B, C, and D are not appropriate conditions to include in a vehicle purchase contract. A customer's pet approval, while important for the customer, is not relevant to the purchase of the vehicle and should be addressed separately. The dealer's approval is not necessary as it is the customer's decision to purchase the vehicle, not the dealer's. The vehicle's color, while a choice for the customer, is not a condition that needs to be included in the contract as it does not impact the sale of the vehicle.