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Wisconsin Auto Sales License Questions and Answers with
Complete Solutions UPDATED!!!
What aren't you allowed to do while advertising - ANSWER use
deceptive or misleading advertising to induce price
What terms cannot be used when discussing trade in
allowance? - ANSWER - We will pay up to
- appraise your own vehicle
- as much as
what wording can you NOT use in advertisements unless the
dealership is going out of business - ANSWER - close out
- last of remaining
Do you always have to disclose when a vehicle has been flood
damaged - ANSWER yes
MSRP - ANSWER a label on the window of a car that has
information on standard equipment, base price, transport
method, assembly point, receiving dealer
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Are MSRPs required for trucks? - ANSWER no
Dealer Supplemental Price Label - ANSWER a label that lists
optional equipment or accessories installed by the dealership
Wisconsin Buyers Guide - ANSWER the results of a safety
inspection
when is the Wisconsin Buyers Guide not required - ANSWER -
trucks over 16,000 pounds
- demo vehicles
- unrepaired salvage
- leased vehicles that are bought after the leasing period is up
what must you include about the model year - ANSWER model
year, whether or not it's used or new, or "one-owner" when
applicable
Wisconsin Auto Sales License Questions and Answers with
Complete Solutions UPDATED!!!
What aren't you allowed to do while advertising - ANSWER use
deceptive or misleading advertising to induce price
What terms cannot be used when discussing trade in
allowance? - ANSWER - We will pay up to
- appraise your own vehicle
- as much as
what wording can you NOT use in advertisements unless the
dealership is going out of business - ANSWER - close out
- last of remaining
Do you always have to disclose when a vehicle has been flood
damaged - ANSWER yes
MSRP - ANSWER a label on the window of a car that has
information on standard equipment, base price, transport
method, assembly point, receiving dealer
, 2|Page
Are MSRPs required for trucks? - ANSWER no
Dealer Supplemental Price Label - ANSWER a label that lists
optional equipment or accessories installed by the dealership
Wisconsin Buyers Guide - ANSWER the results of a safety
inspection
when is the Wisconsin Buyers Guide not required - ANSWER -
trucks over 16,000 pounds
- demo vehicles
- unrepaired salvage
- leased vehicles that are bought after the leasing period is up
what must you include about the model year - ANSWER model
year, whether or not it's used or new, or "one-owner" when
applicable
