MOTOR VEHICLE INDUSTRY LICENSE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+| latest update 2024/25|

MOTOR VEHICLE INDUSTRY LICENSE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ Three of the following types of motor vehicles are exempt from the truth in mileage act. - -~Vehicles 10 years old or older ~Vehicles having a gross empty weight more than 10,000 lbs ~Vehicles not self propelled (Trailers) The definition of a used motor vehicle dealer or used dealer includes which of the following? - -Any person who attempts to make profit lease or sale of a used vehicle The Motor Vehicle Board is authorized and empowered to: - -All Of The Above ~Amend and repeal rules, regulations and previsions When advertising a specific number of motor vehicles, that same number of vehicles must be invoiced to the dealer - -TRUE bait and switch - -ad that attracts consumers with a low-priced product, then tries to sell them a higher-priced product Selling, Leasing, Trade-In, with option to purchase, offering or negotiating and exchange of interest in 3+ vehicles in any 1 year is prima facie evidence that a person is engaged in the business of selling or leasing motor vehicles - -TRUE By obtaining an off-premise permit, dealers may sell motor vehicles at another location on Sunday - - False NO Sale of vehicle should be done on Sundays Which of the following statements is true regarding dealer demo plates? - -a demo drive cannot exceed 7 days CO Lemon Law includes: - -defects that substantially impair the market value of the vehicle Motor vehicle insurance is required: - -for all registered vehicles intended for use on colorado roads Which is true regarding in-transit plates? - -in-transit plates may be used to transport vehicles from point of purchase to point of storage or from point of storage to point of sale Licensed dealers may sell which of the following on Sundays? - -The selling of boat trailers and snowmobile are exempt Which of the following steps are required to properly and legally repossess a motor vehicle? - -effect a lien creating a security interest An advertisement may include - -licensed name w