Car Dealer License Test 2024/2025 Exam
Questions and Corresponding Answers
with Surety of 100% Pass Mark
The national Motor Vehicle Title information System requires which of the
following?
a. All warranty agreements be sent to DMV
b. All vehicles have a Car Fax
c. A red warning decal be placed on vehicles with branded titles
d. Both A & B - 🧠ANSWER ✔✔c. A red warning decal be placed on vehicles with
branded titles
when a dealer sells a vehicle that was consigned to them to sell, they must
a. Provide the seller an accounting and payment within 20 days of the sale
b. Test drive it before agreeing to sell it
c. Provide a warranty
d. None of the above - 🧠ANSWER ✔✔a. provide the seller an accounting and
payment within 20 days of the sale
Which of he following are permitted methods for computing interest rates
Page 1 of 8
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED
, a. The pre-computed Basis method
b. The simple Interest basis method
c. The Friedman Method
d. Both A & B - 🧠ANSWER ✔✔d. Both A & B
The maximum a dealer may charge a customer for a smog test is:
a. $8
b. $12
c. $50
d. $45 - 🧠ANSWER ✔✔c. $50
The basic DMV transfer fee to transfer the title into the buyer's name is
a. $15
b. $12
c. $80
d. $25 - 🧠ANSWER ✔✔a. $15
If the buyer defaults on a conditional sales contract, the dealer may, subject to
proper notification to the buyer
a. Accelerate amount due
b. Repossess vehicle
c. Sell vehicle
Page 2 of 8
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED
Questions and Corresponding Answers
with Surety of 100% Pass Mark
The national Motor Vehicle Title information System requires which of the
following?
a. All warranty agreements be sent to DMV
b. All vehicles have a Car Fax
c. A red warning decal be placed on vehicles with branded titles
d. Both A & B - 🧠ANSWER ✔✔c. A red warning decal be placed on vehicles with
branded titles
when a dealer sells a vehicle that was consigned to them to sell, they must
a. Provide the seller an accounting and payment within 20 days of the sale
b. Test drive it before agreeing to sell it
c. Provide a warranty
d. None of the above - 🧠ANSWER ✔✔a. provide the seller an accounting and
payment within 20 days of the sale
Which of he following are permitted methods for computing interest rates
Page 1 of 8
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED
, a. The pre-computed Basis method
b. The simple Interest basis method
c. The Friedman Method
d. Both A & B - 🧠ANSWER ✔✔d. Both A & B
The maximum a dealer may charge a customer for a smog test is:
a. $8
b. $12
c. $50
d. $45 - 🧠ANSWER ✔✔c. $50
The basic DMV transfer fee to transfer the title into the buyer's name is
a. $15
b. $12
c. $80
d. $25 - 🧠ANSWER ✔✔a. $15
If the buyer defaults on a conditional sales contract, the dealer may, subject to
proper notification to the buyer
a. Accelerate amount due
b. Repossess vehicle
c. Sell vehicle
Page 2 of 8
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED
