Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Exam (elaborations)

AFIP CERT 2026 QUESTIONS & DETAILED COMPLETE SOLUTIONS ALL PASSED

Rating
-
Sold
-
Pages
37
Grade
A+
Uploaded on
07-06-2026
Written in
2025/2026

AFIP CERT 2026 QUESTIONS & DETAILED COMPLETE SOLUTIONS ALL PASSED refers to the certification and training programs offered by the Association of Finance & Insurance Professionals (AFIP) for professionals working in the automotive finance and insurance (F&I) industry. The program is designed to educate dealership employees on legal compliance, ethical business practices, and finance and insurance operations.

Show more Read less
Institution
AFIP
Course
AFIP

Content preview

AFIP CERT 2026 QUESTIONS & DETAILED
COMPLETE SOLUTIONS ALL PASSED
1. The three elements of a party provider and buys
con-tract warranties, how would you
mark that on the buyer's
2. Cannot enforce a guide?
contract against a
customer unless it is

3. Under the Revised Used
Car Rule the
requirements regard-ing
Spanish Language transac-
tion includes which of the
fol-lowing provision



4. Revised Buyers guide
has 2 websites:

5. (True/False) If vehicle
marked on lot as is, in
order to close the deal
throw in warranty then the
salesperson must complete
new buyers guide it must
re-flect the conditions of
the sale at time of sale.

6. Information provided for
com-plaints after sale
contact

7. If dealer goes to third
1/
37

,AFIP CERT 2026 QUESTIONS & DETAILED
COMPLETE SOLUTIONS ALL PASSED
Otter, acceptance, and consideration down that says other used vehicle warranty


signed by the customer.


a. English version of buyers guide
there's a sentence that says if you want a
Spanish version just ask for it
b. If the sales transaction is covered in
Spanish the buyer's guide must be in
Spanish
c. Buyers guide has to be on the vehicle if
Spanish language anytime it can be viewed
by the public for purpose of pur-chasing

1. Website to find history of vehicle
2. Website for

safety recalls True




Put the name, phone number, and title on the
contract.


1. On the top, check the box that says
no dealer warranty then check box 3/4 way
2/
37

,AFIP CERT 2026 QUESTIONS & DETAILED
COMPLETE SOLUTIONS ALL PASSED
8. Penalty for violating used$51,744 (2024)
car rule max?

9. Cash is: Less than $10k. Can be:
-Cashiers check
-Money order
-Travelers check
-Bank draft

10. Have to fill out form (IRS 1. Someone brings in cash, but credit is so bad
8300 form) when:
have to give it back
2. On buy here pay dealer within a 12 mo period.
The amount paid is less than have to fill out the form
here the total amount received in cash
3. Related cash transactions occur in 24 hour
11. How do you record the period
cus-tomer on the IRS 8300
SSN
Form?
Number
ITIN
12. If you have a suspicious Employer Identification Number (Federal TaxID
trans-action (IRS 8300 Number)
Form)...
1. Can't tell customer you're filling out the form
even if they ask you
2. Don't send a written notice to the customer

13. If customer refuses to give SSN Leave that section blank and write customer
refused to pro-
(IRS 8300 Form)... vide SSN. Put drivers license on form and sell the car. You
have to tell them what they have to do relative to that
form. You have to say mr. jones this is what is
3/
37

, AFIP CERT 2026 QUESTIONS & DETAILED
COMPLETE SOLUTIONS ALL PASSED
required at this point. they understood what was in the instructions.
Cant just assume

14. Drivers License Number and Passport Number




4/
37

Written for

Institution
AFIP
Course
AFIP

Document information

Uploaded on
June 7, 2026
Number of pages
37
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

$16.99
Get access to the full document:

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Get to know the seller
Seller avatar
Stuvia71
3.0
(1)

Also available in package deal

Thumbnail
Package deal
package deal for AFIP EXAM (LATEST UPDATE)
-
8 2026
$ 52.56 More info

Get to know the seller

Seller avatar
Stuvia71 Yale School Of Medicine
View profile
Follow You need to be logged in order to follow users or courses
Sold
7
Member since
11 months
Number of followers
1
Documents
2206
Last sold
2 weeks ago
ExamSavvy store

Looking for notes, comprehensive study guides, or insightful exam preparation materials,ExamSavvy is committed to making your study experience more efficient and effective. My goal is to simplify topics, break them down into digestible content and achieve academic success with latest update feel free to use my content and to give referals.

3.0

1 reviews

5
0
4
0
3
1
2
0
1
0

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions