State of Colorado Sales License Test
Questions with 100% Correct Answers
On Sunday(s), dealers are prohibited from selling all of the following except? Correct
Answer ( C) Powersport Vehicles
The licenses of a new or used dealer, wholesale auction dealer, or whole sales may be
denied, suspended, revoked or fined for the following: Correct Answer (D) All of the
above
Colorado's Lemon Law covers: Correct Answer (C) defects that substantially impair
market vale of a vehicle
Local law enforcement agencies must be notified with thin four hours after repossession
of a motor vehicle occurs Correct Answer (B) False it's 1 hour
The Buyer guide, or "as is" sticker must be? Correct Answer (B) Provided by another
language than English if the transact is being conducted in another language than
English
The only items that can be added to an advertised price are Correct Answer (A) dealers
handling and preparation charges
Dealers must either be self-insured or have insurance for their vehicles Correct Answer
(A) true
Is it acceptable for a licensed dealer to place an advertisement using only the name
"ABC Enterprise"?. Correct Answer (B) False is has to say ABC enterprise dealership
A dealer has how many days to deliver or facilitate delivery of title from the date
of sale? Correct Answer (D) 30 days
According to Colorado law , motor vehicle leasing company do NOT need a motor
vehicle dealers license Correct Answer (B) False
Three of the following are required to be disclosed in an advertisement when a dealer is
advertising a close-end credit sale or a motor vehicle or power sport vehicle with a down
payment amount, payment amount, number of payment, period of repayment or amount
of financing charge. Which one is NOT required? Correct Answer (C) amount of
percentage of the down payment
Three of the following are deceptive trade of practices. Which one of the following is
Not? Correct Answer (D) delivering goods as promised
Questions with 100% Correct Answers
On Sunday(s), dealers are prohibited from selling all of the following except? Correct
Answer ( C) Powersport Vehicles
The licenses of a new or used dealer, wholesale auction dealer, or whole sales may be
denied, suspended, revoked or fined for the following: Correct Answer (D) All of the
above
Colorado's Lemon Law covers: Correct Answer (C) defects that substantially impair
market vale of a vehicle
Local law enforcement agencies must be notified with thin four hours after repossession
of a motor vehicle occurs Correct Answer (B) False it's 1 hour
The Buyer guide, or "as is" sticker must be? Correct Answer (B) Provided by another
language than English if the transact is being conducted in another language than
English
The only items that can be added to an advertised price are Correct Answer (A) dealers
handling and preparation charges
Dealers must either be self-insured or have insurance for their vehicles Correct Answer
(A) true
Is it acceptable for a licensed dealer to place an advertisement using only the name
"ABC Enterprise"?. Correct Answer (B) False is has to say ABC enterprise dealership
A dealer has how many days to deliver or facilitate delivery of title from the date
of sale? Correct Answer (D) 30 days
According to Colorado law , motor vehicle leasing company do NOT need a motor
vehicle dealers license Correct Answer (B) False
Three of the following are required to be disclosed in an advertisement when a dealer is
advertising a close-end credit sale or a motor vehicle or power sport vehicle with a down
payment amount, payment amount, number of payment, period of repayment or amount
of financing charge. Which one is NOT required? Correct Answer (C) amount of
percentage of the down payment
Three of the following are deceptive trade of practices. Which one of the following is
Not? Correct Answer (D) delivering goods as promised
