CALIFORNIA DEALER EXAM 2024 NEWEST ACTUAL
EXAM COMPLETE 225 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
1. The National Motor Vehicle title Information system requires. - ANSWER: 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 -
ANSWER: Provide the seller an accounting and payment within 20 days of the sale.
3. Which of the following are permitting methods for computing interest rates? -
ANSWER: The pre-computed basis method and the simple interest basis method.
4. The maximum a dealer may charge a customer for a smog test is: - ANSWER:
$50.00
5. The basic DMV transfer fee to transfer the title into the buyer's name is: -
ANSWER: $15.00
6. If the buyer defaults on conditional sales contract, the dealer may, subject to
proper notification to buyer: - ANSWER: Accelerate amount due, repossessed vehicle
and sell vehicle.
7. Which of the following are taxable in a vehicle sales transaction? - ANSWER:
Document preparation fee and $50.00 smog fee paid to seller/dealer
8. Which of the following are not taxable in a vehicle sales transaction? - ANSWER:
Finance charges, insurance charges, smog certificate fee ( paid to State)
9. Buy here Pay here (self financing) dealers must: - ANSWER: Finance all vehicles
sold for more than $50,000
10. Which of the following is a required safety equipment item? - ANSWER: Smog
Equipment
11. Advertisements must identify the dealer by which of the following: - ANSWER:
The dealership name
12. If a vehicle has been sold, any advertising on that vehicle must be withdrawn
within: - ANSWER: 48 hours
13. If a dealer buys a vehicle with an odometer that is not working the dealer must: -
ANSWER: Repair the odometer before selling the vehicle
EXAM COMPLETE 225 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
1. The National Motor Vehicle title Information system requires. - ANSWER: 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 -
ANSWER: Provide the seller an accounting and payment within 20 days of the sale.
3. Which of the following are permitting methods for computing interest rates? -
ANSWER: The pre-computed basis method and the simple interest basis method.
4. The maximum a dealer may charge a customer for a smog test is: - ANSWER:
$50.00
5. The basic DMV transfer fee to transfer the title into the buyer's name is: -
ANSWER: $15.00
6. If the buyer defaults on conditional sales contract, the dealer may, subject to
proper notification to buyer: - ANSWER: Accelerate amount due, repossessed vehicle
and sell vehicle.
7. Which of the following are taxable in a vehicle sales transaction? - ANSWER:
Document preparation fee and $50.00 smog fee paid to seller/dealer
8. Which of the following are not taxable in a vehicle sales transaction? - ANSWER:
Finance charges, insurance charges, smog certificate fee ( paid to State)
9. Buy here Pay here (self financing) dealers must: - ANSWER: Finance all vehicles
sold for more than $50,000
10. Which of the following is a required safety equipment item? - ANSWER: Smog
Equipment
11. Advertisements must identify the dealer by which of the following: - ANSWER:
The dealership name
12. If a vehicle has been sold, any advertising on that vehicle must be withdrawn
within: - ANSWER: 48 hours
13. If a dealer buys a vehicle with an odometer that is not working the dealer must: -
ANSWER: Repair the odometer before selling the vehicle
