QUESTIONS WITH DETAILED ANSWERS
, Three of the following types of motor vehicles are exempt from the truth in mileage act. -
ANSWER~Vehicles 10 years old or older~Vehicles having a gross empty weight more
than 10,000 lbs~Vehicles not self propelled (Trailers)
The definition of a used motor vehicle dealer or used dealer includes which of the
following? - ANSWERa person who attempts to negotiate a sale or lease of a used
motor vehicle or powersports vehicle with the intent to make a profit or gain
The Motor Vehicle Board is authorized and empowered to: - ANSWERAll Of The
Above~Amend and repeal rules, regulations and previsions
When advertising a specific number of motor vehicles, that same number of vehicles
must be invoiced to the dealer - ANSWERTRUE
bait and switch is - ANSWERad that attracts consumers with a low-priced product, then
tries to sell them a higher-priced product
Selling, Leasing, Trade-In, with option to purchase, offering or negotiating and
exchange of interest in 3+ vehicles in any 1 year is prima facie evidence that a person is
engaged in the business of selling or leasing motor vehicles - ANSWERTRUE
By obtaining an off-premise permit, dealers may sell motor vehicles at another location
on Sunday - ANSWERFALSE - NO Sale of vehicle should be done on Sundays
Which of the following statements is true regarding dealer demo plates? - ANSWERa
demo drive cannot exceed 7 days
Colorado Lemon Law includes: - ANSWERdefects that substantially impair the market
value of the vehicle
Motor vehicle insurance is required: - ANSWERfor all registered vehicles intended for
use on colorado roads
Which is true regarding in-transit plates? - ANSWERin-transit plates may be used to
transport vehicles from point of purchase to point of storage or from point of storage to
point of sale
Licensed dealers may sell which of the following on Sundays? - ANSWERThe selling of
boat trailers and snowmobile are exempt
Which of the following steps are required to properly and legally repossess a motor
vehicle? - ANSWEReffect a lien creating a security interest, Allow the required payment