CA Auto Dealer Practice Exam with
answers
With a consignment, what must be disclosed to the
consigner(person you sold the car for) within 20 days of the sale?
- ...,.🔹VERIFIED ANSWER **✔✔Date of sale, selling price,
amount of lien that was paid off, if any
At which price would a dealer not be required to offer a contract
cancellation option agreement - ...,.🔹VERIFIED ANSWER
**✔✔Over $40,000
Your occupational license will automatically be canceled without a
hearing if - ...,.🔹VERIFIED ANSWER **✔✔A your sales tax
permit is revoked B your bond falls below required about C you
take your main sign down and move out of your office without
notice
What is the maximum markup that dealers may add to a loan for
their own profit - ...,.🔹VERIFIED ANSWER **✔✔2.5% on loans
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, 60 months or less and 2% on loans more than 60 months
How much is the vehicle transfer fee on a California registered
vehicle? - ...,.🔹VERIFIED ANSWER **✔✔$15
When is a retail dealer required to maintain a vehicle display area
- ...,.🔹VERIFIED ANSWER **✔✔At all times with licensed
How many hours does a dealer have to notify the advertiser in
writing that a vehicle has been sold or withdrawn?
- ...,.🔹VERIFIED ANSWER **✔✔48 hours
When is it proper to reset an odometer? - ...,.🔹VERIFIED
ANSWER **✔✔Never
Dealers who advertise a vehicle as certified will be a violation of the
law. If the vehicle they are referring to the ad has the following
history. - ...,.🔹VERIFIED ANSWER **✔✔Salvage or frame
damage
Selling a car to a retail customer, when is it proper for the dealer to
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answers
With a consignment, what must be disclosed to the
consigner(person you sold the car for) within 20 days of the sale?
- ...,.🔹VERIFIED ANSWER **✔✔Date of sale, selling price,
amount of lien that was paid off, if any
At which price would a dealer not be required to offer a contract
cancellation option agreement - ...,.🔹VERIFIED ANSWER
**✔✔Over $40,000
Your occupational license will automatically be canceled without a
hearing if - ...,.🔹VERIFIED ANSWER **✔✔A your sales tax
permit is revoked B your bond falls below required about C you
take your main sign down and move out of your office without
notice
What is the maximum markup that dealers may add to a loan for
their own profit - ...,.🔹VERIFIED ANSWER **✔✔2.5% on loans
1 \\\/ \\\9
, 60 months or less and 2% on loans more than 60 months
How much is the vehicle transfer fee on a California registered
vehicle? - ...,.🔹VERIFIED ANSWER **✔✔$15
When is a retail dealer required to maintain a vehicle display area
- ...,.🔹VERIFIED ANSWER **✔✔At all times with licensed
How many hours does a dealer have to notify the advertiser in
writing that a vehicle has been sold or withdrawn?
- ...,.🔹VERIFIED ANSWER **✔✔48 hours
When is it proper to reset an odometer? - ...,.🔹VERIFIED
ANSWER **✔✔Never
Dealers who advertise a vehicle as certified will be a violation of the
law. If the vehicle they are referring to the ad has the following
history. - ...,.🔹VERIFIED ANSWER **✔✔Salvage or frame
damage
Selling a car to a retail customer, when is it proper for the dealer to
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