Wisconsin Auto Sales License Exam ||Verified
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when is the Wisconsin Buyers Guide not required -
Answer-- trucks over 16,000 pounds
- demo vehicles
- unrepaired salvage
- leased vehicles that are bought after the leasing period is
up
what must you include about the model year - Answer-
model year, whether or not it's used or new, or "one-
owner" when applicable
what must be ensured to list a vehicle as available -
Answer-that there is enough available or that it can be
delivered within a reasonable time
Do you need to include the dealership name in
advertisements? - Answer-yes
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If a product is only free with purchase necessary what
wording would you use instead of "free" - Answer-included
with
Title Brand - Answer-info on the title containing terms such
as
- buyback, modified, former police vehicle etc.
How long does a dealership have to deliver the application
for a title/registration on a bought vehicle? - Answer-7
days after delivery
MVII - Answer-a WI title and license plate application for
transferring ownership
when can dealer plates NOT be used - Answer-- on rental
vehicles
- on vehicles that are not for sale
Which COPIED documents need to be kept by the
dealership for a minimum of 5 years? - Answer-purchase
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contracts, applications for titles and registration, odometer
statements, cosigning agreements, factory invoices, power
of attorney forms, titles
Which ORIGINAL documents need to be kept by the
dealership for a minimum of 5 years? - Answer-log books
and the Wisconsin Buyers Guide
Dealership Group - Answer-2 or more dealerships with the
same majority owner
Manufacturer Certificate of Origin - Answer-contains
information on the manufacturer, VIN, place of assembly,
and delivery point
Pre-Delivery Inspection Test - Answer-a report on a new
vehicle from the manufacturer that must be given to the
customer after the vehicle is sold
Emission Standards Certificate - Answer-a certificate that
confirms a vehicle has been installed and inspected, and
what to do if the system fails
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Damage Disclosure Statement - Answer-a written
disclosure given to the customer if 6% or more of the
MSRP has been damaged. Any uncorrected damage must
be disclosed
What parts of the car are NOT included in the Damage
Disclosure Statement? - Answer-glass, tires, bumpers
What aren't you allowed to do while advertising - Answer-
use deceptive or misleading advertising to induce price
What terms cannot be used when discussing trade in
allowance? - Answer-- We will pay up to
- appraise your own vehicle
- as much as
what wording can you NOT use in advertisements unless
the dealership is going out of business - Answer-- close
out
- last of remaining
Do you always have to disclose when a vehicle has been
flood damaged - Answer-yes