State Of Colorado Sales License Test Exam Questions With
Accurate Answers.
Three of the following types of motor vehicles are exempt from the truth in
mileage act. - accurate answers-~Vehicles 10 years old or older~Vehicles
having a gross empty weight more than 10,000 lbs~Vehicles not self
propelled (Trailers)
The definition of a used motor vehicle dealer or used dealer includes which of
the following? - accurate answers-a person who attempts to negotiate a sale
or lease of a used motor vehicle or powersports vehicle with the intent to
make a profit or gain
The Motor Vehicle Board is authorized and empowered to: - accurate
answers-All Of The Above
~Amend and repeal rules, regulations and previsions
When advertising a specific number of motor vehicles, that same number of
vehicles must be invoiced to the dealer - accurate answers-TRUE
bait and switch is - accurate answers-ad that attracts consumers with a low-
priced product, then tries to sell them a higher-priced product
Selling, Leasing, Trade-In, with option to purchase, offering or negotiating and
exchange of interest in 3+ vehicles in any 1 year is prima facie evidence that a
person is engaged in the business of selling or leasing motor vehicles -
accurate answers-TRUE
By obtaining an off-premise permit, dealers may sell motor vehicles at
another location on Sunday - accurate answers-FALSE - NO Sale of vehicle
should be done on Sundays
Which of the following statements is true regarding dealer demo plates? -
accurate answers-a demo drive cannot exceed 7 days
Colorado Lemon Law includes: - accurate answers-defects that substantially
impair the market value of the vehicle
, Motor vehicle insurance is required: - accurate answers-for all registered
vehicles intended for use on colorado roads
Which is true regarding in-transit plates? - accurate answers-in-transit plates
may be used to transport vehicles from point of purchase to point of storage
or from point of storage to point of sale
Licensed dealers may sell which of the following on Sundays? - accurate
answers-The selling of boat trailers and snowmobile are exempt
Which of the following steps are required to properly and legally repossess a
motor vehicle? - accurate answers-effect a lien creating a security interest,
Allow the required payment to default (become at least 10 days late), send or
hand deliver a "right to cure" letter to the debtor and allow the debtor 20 days
to cure
An advertisement may include - accurate answers-licensed name with the
word DEALER
which of the following is a used vehicle? - accurate answers-any vehicle that
has been previously bought a demo vehicle with 1500 miles
Which of the following are deceptive trade practices? - accurate answers-All of
the above
Bait and switch
How many temp permits may a dealer issue for each roadworthy vehicle sold?
- accurate answers-1
An extension can only be issued but the DMV
Depot plates may be used during normal business hours to transport a motor
vehicle - accurate answers-all of the above
All plates
Three of the following are required when a dealer is advertising a lease of a
motor vehicle with a payment amount - accurate answers-~Amount or
percentage of the down payment
~terms of repayment (car payment date)
~Annual percentage rate (interest rate of the loan)
Accurate Answers.
Three of the following types of motor vehicles are exempt from the truth in
mileage act. - accurate answers-~Vehicles 10 years old or older~Vehicles
having a gross empty weight more than 10,000 lbs~Vehicles not self
propelled (Trailers)
The definition of a used motor vehicle dealer or used dealer includes which of
the following? - accurate answers-a person who attempts to negotiate a sale
or lease of a used motor vehicle or powersports vehicle with the intent to
make a profit or gain
The Motor Vehicle Board is authorized and empowered to: - accurate
answers-All Of The Above
~Amend and repeal rules, regulations and previsions
When advertising a specific number of motor vehicles, that same number of
vehicles must be invoiced to the dealer - accurate answers-TRUE
bait and switch is - accurate answers-ad that attracts consumers with a low-
priced product, then tries to sell them a higher-priced product
Selling, Leasing, Trade-In, with option to purchase, offering or negotiating and
exchange of interest in 3+ vehicles in any 1 year is prima facie evidence that a
person is engaged in the business of selling or leasing motor vehicles -
accurate answers-TRUE
By obtaining an off-premise permit, dealers may sell motor vehicles at
another location on Sunday - accurate answers-FALSE - NO Sale of vehicle
should be done on Sundays
Which of the following statements is true regarding dealer demo plates? -
accurate answers-a demo drive cannot exceed 7 days
Colorado Lemon Law includes: - accurate answers-defects that substantially
impair the market value of the vehicle
, Motor vehicle insurance is required: - accurate answers-for all registered
vehicles intended for use on colorado roads
Which is true regarding in-transit plates? - accurate answers-in-transit plates
may be used to transport vehicles from point of purchase to point of storage
or from point of storage to point of sale
Licensed dealers may sell which of the following on Sundays? - accurate
answers-The selling of boat trailers and snowmobile are exempt
Which of the following steps are required to properly and legally repossess a
motor vehicle? - accurate answers-effect a lien creating a security interest,
Allow the required payment to default (become at least 10 days late), send or
hand deliver a "right to cure" letter to the debtor and allow the debtor 20 days
to cure
An advertisement may include - accurate answers-licensed name with the
word DEALER
which of the following is a used vehicle? - accurate answers-any vehicle that
has been previously bought a demo vehicle with 1500 miles
Which of the following are deceptive trade practices? - accurate answers-All of
the above
Bait and switch
How many temp permits may a dealer issue for each roadworthy vehicle sold?
- accurate answers-1
An extension can only be issued but the DMV
Depot plates may be used during normal business hours to transport a motor
vehicle - accurate answers-all of the above
All plates
Three of the following are required when a dealer is advertising a lease of a
motor vehicle with a payment amount - accurate answers-~Amount or
percentage of the down payment
~terms of repayment (car payment date)
~Annual percentage rate (interest rate of the loan)
