OMVIC Practice Test 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

What expense can be deducted from a deposit if extra detailing is required because the purchaser backs out of the deal?

Expense for another detailing

The correct choice involves the expense for another detailing. When a purchaser backs out of a deal, the dealer may need to perform additional detailing on the vehicle to prepare it for the next potential buyer. This extra detailing is a direct result of the initial buyer not following through with the purchase, making it a legitimate expense that can be deducted from the deposit.

In this situation, the need for further cleaning and detailing arises solely due to the cancellation of the sale. It is reasonable and expected that the vehicle should be in the best possible condition to attract new buyers, justifying the expense.

Other options, while they could be expenses related to vehicle sales, do not directly link to the need for extra detailing as a consequence of the buyer backing out. Therefore, they wouldn't be appropriate deductions from the deposit in this specific context.

Get further explanation with Examzify DeepDiveBeta

Expense for another insurance quote

Expense for another vehicle inspection

Expense for extra gas

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy