Car Dealer License Test Latest recent & frequently
tested exam with questions and verified accurate
solutions (detailed & elaborated) GRADED A+
The national Motor Vehicle Title information System requires which of the following?
, a. All warranty agreements be sent to DMV
b. All vehicles have a Car Fax
c. A red warning decal be placed on vehicles with branded titles
d. Both A & B - correct ans:c. A red warning decal be placed on vehicles with branded titles
when a dealer sells a vehicle that was consigned to them to sell, they must
a. Provide the seller an accounting and payment within 20 days of the sale
b. Test drive it before agreeing to sell it
c. Provide a warranty
d. None of the above - correct ans:a. provide the seller an accounting and payment within 20 days of the
sale
Which of he following are permitted methods for computing interest rates
a. The pre-computed Basis method
b. The simple Interest basis method
c. The Friedman Method
d. Both A & B - correct ans:d. Both A & B
The maximum a dealer may charge a customer for a smog test is:
a. $8
b. $12
c. $50
d. $45 - correct ans:c. $50
The basic DMV transfer fee to transfer the title into the buyer's name is
a. $15
b. $12
c. $80
d. $25 - correct ans:a. $15
tested exam with questions and verified accurate
solutions (detailed & elaborated) GRADED A+
The national Motor Vehicle Title information System requires which of the following?
, a. All warranty agreements be sent to DMV
b. All vehicles have a Car Fax
c. A red warning decal be placed on vehicles with branded titles
d. Both A & B - correct ans:c. A red warning decal be placed on vehicles with branded titles
when a dealer sells a vehicle that was consigned to them to sell, they must
a. Provide the seller an accounting and payment within 20 days of the sale
b. Test drive it before agreeing to sell it
c. Provide a warranty
d. None of the above - correct ans:a. provide the seller an accounting and payment within 20 days of the
sale
Which of he following are permitted methods for computing interest rates
a. The pre-computed Basis method
b. The simple Interest basis method
c. The Friedman Method
d. Both A & B - correct ans:d. Both A & B
The maximum a dealer may charge a customer for a smog test is:
a. $8
b. $12
c. $50
d. $45 - correct ans:c. $50
The basic DMV transfer fee to transfer the title into the buyer's name is
a. $15
b. $12
c. $80
d. $25 - correct ans:a. $15
