CAR DEALER LICENCE LATEST UPDATED QUESTIONS
AND CORRECT ANSWERS 2024 ALREADY A+ GRADED
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 - ANSWER-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 - ANSWER-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 - ANSWER-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 - ANSWER-c. $50
The basic DMV transfer fee to transfer the title into the
buyer's name is
a. $15
b. $12
AND CORRECT ANSWERS 2024 ALREADY A+ GRADED
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 - ANSWER-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 - ANSWER-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 - ANSWER-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 - ANSWER-c. $50
The basic DMV transfer fee to transfer the title into the
buyer's name is
a. $15
b. $12
