Car Dealer License Test
Questions and Answers 100%
Pass
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
Question: 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
Question: Which of he following are 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 -
Answer: d. Both A & B
Question: The maximum a dealer may charge a customer for a smog test is:
a. $8
b. $12
c. $50
d. $45 -
Answer: c. $50
Questions and Answers 100%
Pass
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
Question: 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
Question: Which of he following are 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 -
Answer: d. Both A & B
Question: The maximum a dealer may charge a customer for a smog test is:
a. $8
b. $12
c. $50
d. $45 -
Answer: c. $50
