Car Dealer License Test EXAM, QUESTIONS WITH ACCURATE ANSWERS | MULTIPLE CHOICES |!!

Car Dealer License Test EXAM, QUESTIONS WITH
ACCURATE ANSWERS | MULTIPLE CHOICES |!!

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Terms in this set (23)


The national Motor c. A red warning decal be placed on vehicles with
Vehicle Title information branded titles
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

when a dealer sells a a. provide the seller an accounting and payment
vehicle that was within 20 days of the sale
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

, Which of he following are d. Both A & B
permitted methods for
computing interest rates
a. The pre-computed Basis
method
b. The simple Interest basis
method
c. The Friedman Method
d. Both A & B

The maximum a dealer c. $50
may charge a customer for
a smog test is:
a. $8
b. $12
c. $50
d. $45

The basic DMV transfer a. $15
fee to transfer the title into
the buyer's name is
a. $15
b. $12
c. $80
d. $25

If the buyer defaults on a d. All of the above
conditional sales contract,
the dealer may, subject to
proper notification to the
buyer
a. Accelerate amount due
b. Repossess vehicle
c. Sell vehicle
d. All of the above