Which of the following describes a "credit sale" under TILA/Reg Z?

A "credit sale" under the Truth in Lending Act (TILA) and Regulation Z refers to a transaction in which a buyer agrees to pay for a product or service over time, using a credit extension arrangement. This typically involves financing that is arranged through a dealership or a retailer, allowing the customer to take possession of the item while repayment occurs later, often with interest.

In the context of dealership management, option C accurately represents a credit sale because it involves the dealership facilitating financing for the customer. This arrangement means that the customer does not pay the full purchase price upfront, but rather engages in a payment plan facilitated by the dealership, which usually falls under TILA regulations due to the credit terms involved.

Other options present scenarios that do not align with the definition of a credit sale. Cash purchases or immediate payment transactions do not involve credit, and while instant financing or private lenders might offer credit, they are not characterized as credit sales in context without the dealership's facilitation of that arrangement. Thus, option C clearly illustrates the characteristics of a credit sale under TILA/Reg Z.