Car Dealer License Test UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS
The national Motor Vehicle Title information System c. A red warning decal be placed on vehicles with branded titles
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
when a dealer sells a vehicle that was consigned to them a. provide the seller an accounting and payment within 20 days of the sale
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
Which of he following are permitted methods for d. Both A & B
computing interest rates
a. The pre-computed Basis method
b. The simple Interest basis method
c. The Friedman Method
d. Both A & B
The national Motor Vehicle Title information System c. A red warning decal be placed on vehicles with branded titles
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
when a dealer sells a vehicle that was consigned to them a. provide the seller an accounting and payment within 20 days of the sale
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
Which of he following are permitted methods for d. Both A & B
computing interest rates
a. The pre-computed Basis method
b. The simple Interest basis method
c. The Friedman Method
d. Both A & B
