Car Dealer License Test | Questions with 100% Correct Answers | Verified | Latest Update 2024

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 - 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 - 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 - d. Both A & B