REAL EXAM VERSIONS WITH EXPERT
ANSWERS AND FULL STUDY SUPPORT
◉ Briefly explain a "consignment transaction." Answer: A vehicle
owner (consignor) gives a vehicle to the
dealer (consignee) to sell on the owner's behalf.
◉ True or False: The total amount the dealer will charge the
consignor on the sale of the vehicle (whether as a fixed amount or a
commission share) can be negotiated after the sale and does not
have to be included in the contract. Answer: False
◉ True or False: All new car manufacturers participate in CAMVAP.
Answer: False
◉ List three criteria that must be met for a vehicle to be eligible for
CAMVAP. Answer: The vehicle was manufactured by a participant in
CAMVAP
The vehicle is a passenger car, light duty truck,
van, sport utility vehicle or multi-purpose
passenger vehicle that weighs no more than