Car Dealer License Test Questions with Correct Answers 100%
Verified Graded A+
1. The national Motor Vehicle Title information System requires which of the following?
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a. All warranty agreements be sent to DMV
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b. All vehicles have a Car Fax
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c. A red warning decal be placed on vehicles with branded titles
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d. Both A & B | | |
Answer> c. A red warning decal be placed on vehicles with branded titles
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2. when a dealer sells a vehicle that was consigned to them to sell, they must
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a. Provide the seller an accounting and payment within 20 days of the sale
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b. Test drive it before agreeing to sell it
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c. Provide a warranty | |
d. None of the above | | |
Answer> a. provide the seller an accounting and payment within 20 days of the sale
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3. Which of he following are permitted methods for computing interest rates
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a. The pre-computed Basis method
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, b. The simple Interest basis method
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c. The Friedman Method
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d. Both A & B | | |
Answer> d. Both A & B
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4. The maximum a dealer may charge a customer for a smog test is
| | | | | | | | | | | |
a. $8
b. $12
c. $50
d. $45
Answer> c. $50 | |
5. 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 | |
6. If the buyer defaults on a conditional sales contract, the dealer may, subject to proper
| | | | | | | | | | | | | |
| notification to the buyer | | |
2 |/ |9
Verified Graded A+
1. 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
| | | | | | | | | | | |
2. 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
| | | | | | | | | | | | | |
3. Which of he following are permitted methods for computing interest rates
| | | | | | | | | |
a. The pre-computed Basis method
| | |
1 |/ |9
, b. The simple Interest basis method
| | | |
c. The Friedman Method
| |
d. Both A & B | | |
Answer> d. Both A & B
| | | | |
4. The maximum a dealer may charge a customer for a smog test is
| | | | | | | | | | | |
a. $8
b. $12
c. $50
d. $45
Answer> c. $50 | |
5. 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 | |
6. If the buyer defaults on a conditional sales contract, the dealer may, subject to proper
| | | | | | | | | | | | | |
| notification to the buyer | | |
2 |/ |9
