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? Maximize profits for equipment manufacturers Manage customer relationships with equipment vendors Help lenders understand the upfront value of equipment investments and the value at the end of the contract Enforce regulations related to equipment disposal 2. Which type of equipment sales typically involve more risk in asset management? Auction-based equipment sales Manufacturer-to-user equipment sales User-to-user equipment sales Vendor-to-user equipment sales 3. What factors are crucial for accurately assessing the value of used equipment? * Equipment brand popularity and market hype Equipment color and aesthetic appeal The seller's reputation and trustworthiness Hours/miles, asset condition, and remaining economic useful life 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? * Reduced values for many new and used assets Uniform increase in values across all equipment categories Unaffected values due to global economic stability Decrease in values for niche market equipment types Name * Name First First Last Last Email - MUST MATCH THE EMAIL YOU RECEIVED YOUR INSTRUCTIONS * Submit If you are human, leave this field blank.
