Car Sales Test Colorado (Actual 2025) Questions and
Answers
New and used motor vehicle dealers, powersports dealer,
wholesalers and wholesale auction dealers are required to
have a surety bond - <<Answers>>>Answer- in the amount of
$50,000
Bond of licensee (1) Before any motor vehicle dealer's,
wholesaler's, wholesale motor vehicle auction dealer's, or used
motor vehicle dealer's license shall be issued by the board
through the executive director to any applicant therefor, the
said applicant shall procure and file with the board evidence
of a savings account, deposit, or certificate of deposit meeting
the requirements of section 11-35- 101, C.R.S., or a good and
sufficient bond with corporate surety thereon duly licensed to
do business within the state, approved as to form by the
attorney general of the state, and conditioned that said
applicant shall not practice fraud, make any fraudulent
representation, or violate any of the provisions of this part 1
that are designated by the board by rule in the conduct of the
business for which such applicant is licensed. A motor vehicle
dealer or used motor vehicle dealer shall not be required to
furnish an additional bond, savings account, deposit, or
certificate of deposit under this section if such dealer
furnishes a bond, savings account, deposit, or certificate of
deposit under section 12-6-512. (2) (a) The purpose of the
bond procured by the applicant pursuant to subsection (1) of
this section and section 12-6-112.2 (1) is to provide for the
reimbursement for any loss or damage suffered by any retail
consumer caused by violation of this part 1 by a motor vehicle
dealer, used motor vehicle dealer, wholesale motor vehicle
, Car Sales Test Colorado (Actual 2025) Questions and
Answers
auction dealer, or wholesaler. For a wholesale transaction, the
bond is available to each party to the transaction; except that,
if a retail consumer is involved, such consumer shall have
priority to recover from the bond. The amount of the bond
shall be fifty thousand dollars for a motor vehicle dealer
applicant, used motor vehicle dealer applicant, wholesa
- <<Answers>>>Motor vehicle salesperson's bond (1) Before
any motor vehicle salesperson's license is issued by the board
through the executive director to any applicant therefor, the
applicant shall procure and file with the board evidence of a
savings account, deposit, or certificate of deposit meeting the
requirements of section 11- 35-101, C.R.S., or a good and
sufficient bond in the amount of fifteen thousand dollars
Which of the following is a requirement for a motor vehicle
dealers, powersport dealer, used motor vehicle dealers, used
powersport dealers, or wholesaler? - <<Answers>>>For sure
its To submit to the dealer board a written notice a licensee
changed the trade name of the business, but it is also to report
when a licensee
Which of the following is true about dealer demo plates -
<<Answers>>>a demo plate may be used on a commercial
vehicle owned by the ownership
an advertisement would not include - <<Answers>>>a
salespersons verbal statement of the manufactor's suggested
retail price
, Car Sales Test Colorado (Actual 2025) Questions and
Answers
local law enforcement must be notified with ______ hour
before or after the repossession of a motor vehicle occurs -
<<Answers>>>1
Advertising may include any commerical message in any
newspaper, magazine, flyer, on radio, television, or public
address system, computer display, or window display which is
delivered or made aviable for a customer or prospect customer
in any manner what so ever. - <<Answers>>>false... can't be
any manner right???
dealers must either be self insura=ed ir have insurance for
their vehicles - <<Answers>>>false
Three of the following are required when a dealer is
advertising a lease of a motor vehicle or powersports vehicle
with a payment amount. Which on is not required? -
<<Answers>>>disclosing the cost of a leasing versus the cost
of purchasing
records of vehicle transfers and odometer statements must be
related for ________ years - <<Answers>>>5
wholesalers - <<Answers>>>Answer- Wholesalers shall use a
name other than their personal name on all business
documents for the purchase and sale of motor vehicles"
, Car Sales Test Colorado (Actual 2025) Questions and
Answers
Wholesaler" means a person who, for commission or with
intent to make a profit or gain of money or other thing of
value, sells, exchanges, or offers or attempts to negotiate a
sale, lease, or exchange of an interest in new or new and used
motor vehicles solely to motor vehicle dealers or used motor
vehicle dealers.
No person may hold both a wholesaler license and a motor
vehicle salesperson license at the same time.
wholesaler may not employ a motor vehicle salesperson.
licensed powersport dealers may sell powersports on Sundays
- <<Answers>>>False
When advertising the sale of a specific motor vehicle. If not
statement has been made concerning a specific-time and of
the advertised price, such vehicle shall be sold at the
advertised price for a period of fice days following the last
date the ad was published - <<Answers>>>True?
When a salesperson leaves a dealer, the dealer must do all the
following execpt: - <<Answers>>>Immediately employ a
new salesperson, licensed or not
Answers
New and used motor vehicle dealers, powersports dealer,
wholesalers and wholesale auction dealers are required to
have a surety bond - <<Answers>>>Answer- in the amount of
$50,000
Bond of licensee (1) Before any motor vehicle dealer's,
wholesaler's, wholesale motor vehicle auction dealer's, or used
motor vehicle dealer's license shall be issued by the board
through the executive director to any applicant therefor, the
said applicant shall procure and file with the board evidence
of a savings account, deposit, or certificate of deposit meeting
the requirements of section 11-35- 101, C.R.S., or a good and
sufficient bond with corporate surety thereon duly licensed to
do business within the state, approved as to form by the
attorney general of the state, and conditioned that said
applicant shall not practice fraud, make any fraudulent
representation, or violate any of the provisions of this part 1
that are designated by the board by rule in the conduct of the
business for which such applicant is licensed. A motor vehicle
dealer or used motor vehicle dealer shall not be required to
furnish an additional bond, savings account, deposit, or
certificate of deposit under this section if such dealer
furnishes a bond, savings account, deposit, or certificate of
deposit under section 12-6-512. (2) (a) The purpose of the
bond procured by the applicant pursuant to subsection (1) of
this section and section 12-6-112.2 (1) is to provide for the
reimbursement for any loss or damage suffered by any retail
consumer caused by violation of this part 1 by a motor vehicle
dealer, used motor vehicle dealer, wholesale motor vehicle
, Car Sales Test Colorado (Actual 2025) Questions and
Answers
auction dealer, or wholesaler. For a wholesale transaction, the
bond is available to each party to the transaction; except that,
if a retail consumer is involved, such consumer shall have
priority to recover from the bond. The amount of the bond
shall be fifty thousand dollars for a motor vehicle dealer
applicant, used motor vehicle dealer applicant, wholesa
- <<Answers>>>Motor vehicle salesperson's bond (1) Before
any motor vehicle salesperson's license is issued by the board
through the executive director to any applicant therefor, the
applicant shall procure and file with the board evidence of a
savings account, deposit, or certificate of deposit meeting the
requirements of section 11- 35-101, C.R.S., or a good and
sufficient bond in the amount of fifteen thousand dollars
Which of the following is a requirement for a motor vehicle
dealers, powersport dealer, used motor vehicle dealers, used
powersport dealers, or wholesaler? - <<Answers>>>For sure
its To submit to the dealer board a written notice a licensee
changed the trade name of the business, but it is also to report
when a licensee
Which of the following is true about dealer demo plates -
<<Answers>>>a demo plate may be used on a commercial
vehicle owned by the ownership
an advertisement would not include - <<Answers>>>a
salespersons verbal statement of the manufactor's suggested
retail price
, Car Sales Test Colorado (Actual 2025) Questions and
Answers
local law enforcement must be notified with ______ hour
before or after the repossession of a motor vehicle occurs -
<<Answers>>>1
Advertising may include any commerical message in any
newspaper, magazine, flyer, on radio, television, or public
address system, computer display, or window display which is
delivered or made aviable for a customer or prospect customer
in any manner what so ever. - <<Answers>>>false... can't be
any manner right???
dealers must either be self insura=ed ir have insurance for
their vehicles - <<Answers>>>false
Three of the following are required when a dealer is
advertising a lease of a motor vehicle or powersports vehicle
with a payment amount. Which on is not required? -
<<Answers>>>disclosing the cost of a leasing versus the cost
of purchasing
records of vehicle transfers and odometer statements must be
related for ________ years - <<Answers>>>5
wholesalers - <<Answers>>>Answer- Wholesalers shall use a
name other than their personal name on all business
documents for the purchase and sale of motor vehicles"
, Car Sales Test Colorado (Actual 2025) Questions and
Answers
Wholesaler" means a person who, for commission or with
intent to make a profit or gain of money or other thing of
value, sells, exchanges, or offers or attempts to negotiate a
sale, lease, or exchange of an interest in new or new and used
motor vehicles solely to motor vehicle dealers or used motor
vehicle dealers.
No person may hold both a wholesaler license and a motor
vehicle salesperson license at the same time.
wholesaler may not employ a motor vehicle salesperson.
licensed powersport dealers may sell powersports on Sundays
- <<Answers>>>False
When advertising the sale of a specific motor vehicle. If not
statement has been made concerning a specific-time and of
the advertised price, such vehicle shall be sold at the
advertised price for a period of fice days following the last
date the ad was published - <<Answers>>>True?
When a salesperson leaves a dealer, the dealer must do all the
following execpt: - <<Answers>>>Immediately employ a
new salesperson, licensed or not
