Car Dealership License California Study guide UPDATED ACTUAL QUESTIONS
AND CORRECT ANSWERS
, Conditional sales contracts must be completed _______ ? In writing
A contract cancellation display at each sales office and 8"x10"
cubicle must have minimum dimensions of ?
If a costumer purchases a vehicle for $5,000 and decides $75
to purchase a contract cancellation option, the dealer
may charge the customer up to _____ ?
If a costumer purchases a vehicle for $10,000 and decides $150
to purchase a contract cancellation option, the dealer
may charge the customer up to _____ ?
If a costumer purchases a vehicle for $30,000 and $250
decides to purchase a contract cancellation option, the
dealer may charge the customer up to__ ?
If a costumer purchases a vehicle for $30,000-39,000 and !% of the selling price
decides to purchase a contract cancellation option, the
dealer may charge the customer up to__ ?
If a costumer purchases a vehicle for $40,001 how much $0
can the dealer charge the customer to purchase a
contract cancellation option ______ ?
What is Reg Z ___ ? Law that states all terms and costs of financing must be disclosed to the buyer(s)
What must be furnished to the buyer after a sale? Conditional Sales Contract
What is the maximum deposit an auto broker may accept 2.5% of the selling price
from a customer __ ?
What is consignment _____ ? An arrangement under which a dealer agrees to accept possession of a vehicle
from an owner of record for the purpose of selling the vehicle
If a dealer notices curbstoning, what agency should you DMV
file a complaint to ____ ?
If a costumer purchased a vehicle less than $5,000 and a $175
contract cancellation option contract and decides to
return the vehicle within the time specified, the dealer
can charge a maximum restocking fee of _ ?
If a costumer purchased a vehicle less than $10,000 and a $350
contract cancellation option contract and decides to
return the vehicle within the time specified, the dealer
can charge a maximum restocking fee of _ ?
AND CORRECT ANSWERS
, Conditional sales contracts must be completed _______ ? In writing
A contract cancellation display at each sales office and 8"x10"
cubicle must have minimum dimensions of ?
If a costumer purchases a vehicle for $5,000 and decides $75
to purchase a contract cancellation option, the dealer
may charge the customer up to _____ ?
If a costumer purchases a vehicle for $10,000 and decides $150
to purchase a contract cancellation option, the dealer
may charge the customer up to _____ ?
If a costumer purchases a vehicle for $30,000 and $250
decides to purchase a contract cancellation option, the
dealer may charge the customer up to__ ?
If a costumer purchases a vehicle for $30,000-39,000 and !% of the selling price
decides to purchase a contract cancellation option, the
dealer may charge the customer up to__ ?
If a costumer purchases a vehicle for $40,001 how much $0
can the dealer charge the customer to purchase a
contract cancellation option ______ ?
What is Reg Z ___ ? Law that states all terms and costs of financing must be disclosed to the buyer(s)
What must be furnished to the buyer after a sale? Conditional Sales Contract
What is the maximum deposit an auto broker may accept 2.5% of the selling price
from a customer __ ?
What is consignment _____ ? An arrangement under which a dealer agrees to accept possession of a vehicle
from an owner of record for the purpose of selling the vehicle
If a dealer notices curbstoning, what agency should you DMV
file a complaint to ____ ?
If a costumer purchased a vehicle less than $5,000 and a $175
contract cancellation option contract and decides to
return the vehicle within the time specified, the dealer
can charge a maximum restocking fee of _ ?
If a costumer purchased a vehicle less than $10,000 and a $350
contract cancellation option contract and decides to
return the vehicle within the time specified, the dealer
can charge a maximum restocking fee of _ ?
