Wisconsin Auto Sales License Exam with Correct Answers

What aren't you allowed to do while advertising - use deceptive or misleading advertising to induce price What terms cannot be used when discussing trade in allowance? - - We will pay up to - appraise your own vehicle - as much as what wording can you NOT use in advertisements unless the dealership is going out of business - - close out - last of remaining Do you always have to disclose when a vehicle has been flood damaged - yes MSRP - a label on the window of a car that has information on standard equipment, base price, transport method, assembly point, receiving dealer Are MSRPs required for trucks? - no Dealer Supplemental Price Label - a label that lists optional equipment or accessories installed by the dealership Wisconsin Buyers Guide - the results of a safety inspection when is the Wisconsin Buyers Guide not required - - trucks over 16,000 pounds