CA Auto Dealer Practice Exam UPDATED ACTUAL QUESTIONS AND CORRECT
ANSWERS
With a consignment, what must be disclosed to the Date of sale, selling price, amount of lien that was paid off, if any
consigner(person you sold the car for) within 20 days of
the sale?
At which price would a dealer not be required to offer a Over $40,000
contract cancellation option agreement
Your occupational license will automatically be canceled A your sales tax permit is revoked B your bond falls below required about C you
without a hearing if take your main sign down and move out of your office without notice
What is the maximum markup that dealers may add to a 2.5% on loans 60 months or less and 2% on loans more than 60 months
loan for their own profit
How much is the vehicle transfer fee on a California $15
registered vehicle?
When is a retail dealer required to maintain a vehicle At all times with licensed
display area
How many hours does a dealer have to notify the 48 hours
advertiser in writing that a vehicle has been sold or
withdrawn?
When is it proper to reset an odometer? Never
Dealers who advertise a vehicle as certified will be a Salvage or frame damage
violation of the law. If the vehicle they are referring to the
ad has the following history.
ANSWERS
With a consignment, what must be disclosed to the Date of sale, selling price, amount of lien that was paid off, if any
consigner(person you sold the car for) within 20 days of
the sale?
At which price would a dealer not be required to offer a Over $40,000
contract cancellation option agreement
Your occupational license will automatically be canceled A your sales tax permit is revoked B your bond falls below required about C you
without a hearing if take your main sign down and move out of your office without notice
What is the maximum markup that dealers may add to a 2.5% on loans 60 months or less and 2% on loans more than 60 months
loan for their own profit
How much is the vehicle transfer fee on a California $15
registered vehicle?
When is a retail dealer required to maintain a vehicle At all times with licensed
display area
How many hours does a dealer have to notify the 48 hours
advertiser in writing that a vehicle has been sold or
withdrawn?
When is it proper to reset an odometer? Never
Dealers who advertise a vehicle as certified will be a Salvage or frame damage
violation of the law. If the vehicle they are referring to the
ad has the following history.
