1|Page | © copyright 2024/2025 | Grade A+
AFIP Test Questions and Answers
(100% Pass)
Payment Packing
✓ 1.Can't give leg
✓ 2. UDAP claim
✓ 3. Against the law in CA
✓ 4. Against AFIP code of ethics
PowerBooking
✓ 1. violation of the dealer agreement
✓ 2. have to buy back the deal
✓ 3. problem if the car is repossessed
✓ 4. UDAP claim
✓ 5. Funding sources have software to identify equipment
✓ 6. Lose AFIP certification
3 Elements of a Contract
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
✓ 1. Offer
✓ 2. Acceptance
✓ 3. Consideration
Spanish Language Transactions (Buyers Guide)
✓ 1. In the English version of the BG there is a setence in Spanish that tells
a customer he can get a Spanish BG if he wants one.
✓ 2. if the transaction is in the Spanish, the BG has to be in Spanish.
✓ 3. if your pursuing the Spanish market, you should have both English
and Spanish buyers guides on the cars.
Buyers Guide
✓ The BG cannot be the sole source of warranty information
Implied Warranty State
✓ *In an implied warranty state, state law will override the provisions of a
service contract
2 Provisions on the BG
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
✓ 1. a website to get the history on the vehicle
✓ 2. a website about safety recalls
Car is on the lot marked AS-IS, but the sales person throws in a 3/3 warranty
✓ You have to redo the BG
Complaints after the Sale on BG
✓ 1. Name of individual
✓ 2. Phone number of that individual
✓ 3. Title of individual
3rd Party Warranty Co.
✓ 1. Dealer would record, "no dealer warranty."
✓ 2. Check the box for "other used vehicle warranty."
The max penalty for violating the Used Car Rule
✓ $43972
What is considered cash?
Master01 | October, 2024/2025 | Latest update
AFIP Test Questions and Answers
(100% Pass)
Payment Packing
✓ 1.Can't give leg
✓ 2. UDAP claim
✓ 3. Against the law in CA
✓ 4. Against AFIP code of ethics
PowerBooking
✓ 1. violation of the dealer agreement
✓ 2. have to buy back the deal
✓ 3. problem if the car is repossessed
✓ 4. UDAP claim
✓ 5. Funding sources have software to identify equipment
✓ 6. Lose AFIP certification
3 Elements of a Contract
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
✓ 1. Offer
✓ 2. Acceptance
✓ 3. Consideration
Spanish Language Transactions (Buyers Guide)
✓ 1. In the English version of the BG there is a setence in Spanish that tells
a customer he can get a Spanish BG if he wants one.
✓ 2. if the transaction is in the Spanish, the BG has to be in Spanish.
✓ 3. if your pursuing the Spanish market, you should have both English
and Spanish buyers guides on the cars.
Buyers Guide
✓ The BG cannot be the sole source of warranty information
Implied Warranty State
✓ *In an implied warranty state, state law will override the provisions of a
service contract
2 Provisions on the BG
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
✓ 1. a website to get the history on the vehicle
✓ 2. a website about safety recalls
Car is on the lot marked AS-IS, but the sales person throws in a 3/3 warranty
✓ You have to redo the BG
Complaints after the Sale on BG
✓ 1. Name of individual
✓ 2. Phone number of that individual
✓ 3. Title of individual
3rd Party Warranty Co.
✓ 1. Dealer would record, "no dealer warranty."
✓ 2. Check the box for "other used vehicle warranty."
The max penalty for violating the Used Car Rule
✓ $43972
What is considered cash?
Master01 | October, 2024/2025 | Latest update
