2025 CLFP Recertification Quiz #2: Equipment Valuations CLFP Recertification: Quiz #2: Equipment Valuations 1. What is the primary role of asset management in equipment financing? Enforce regulations related to equipment disposal Help lenders understand the upfront value of equipment investments and the value at the end of the contract Manage customer relationships with equipment vendors Maximize profits for equipment manufacturers 2. Which type of equipment sales typically involve more risk in asset management? Auction-based equipment sales User-to-user equipment sales Vendor-to-user equipment sales Manufacturer-to-user equipment sales 3. What factors are crucial for accurately assessing the value of used equipment? * Hours/miles, asset condition, and remaining economic useful life The seller's reputation and trustworthiness Equipment color and aesthetic appeal Equipment brand popularity and market hype 4. Why is equipment inspection recommended for user-to-user equipment sales? * Reduces the risk of advancing more than the equipment’s value Guarantees warranty coverage for the new owner Establishes ownership history and lineage Ensures compliance with local tax regulations 5. What is the current trend in equipment values due to recent supply and demand imbalances, whereby dealers/sellers are flush with both new and used equipment? * Unaffected values due to global economic stability Uniform increase in values across all equipment categories Decrease in values for niche market equipment types Reduced values for many new and used assets Name * Name First First Last Last Email - USE THE EMAIL ADDRESS WHERE THE INSTRUCTIONS WERE SENT TO (NOT FROM); OTHERWISE, OUR SYSTEM WILL NOT UPDATE YOUR CONTACT RECORD! * Submit If you are human, leave this field blank.
