State of Colorado Motor Vehicle Dealer Board Mastery Examination
2025/2026 Actual Complete Real Exam Questions & Correct Answers
(Verified Answers) | Already Graded A+ / 2025Brand New Exam!!
A new motor vehicle has three of the following characteristics.
Which one
doesn't it have?
a. a motor vehicle being transferred for the first time from a
manufacturer
b. a motor vehicle that is titled
c. a motor vehicle which has not been used and commonly
known as a "new"
vehicle
d. a motor vehicle with less than 1500 demonstration miles at
the franchised dealer - ANSWER-B.
A new motor vehicle, is defined as "any motor vehicle being
transferred for the first time from a
manufacturer or importer, or dealer or agent or agent of a
manufacturer or importer, and which motor
vehicle has heretofore not been used, and is what is commonly
known as a "new motor vehicle"." A motor
vehicle which has been used by a dealer solely for the purpose
of demonstration to prospective
,customers shall be considered a "new vehicle" , unless such
demonstration use has been for more than
Fifteen Hundred (1500) miles.
https://www.colorado.gov/pacific/sites/default/files/JANUARY%
208%20MV%20REGS%20unhighlited011215.pdf
Which of the following would always indicate a motor vehicle is
used?
a. a vehicle with less than 1500 demonstration miles at the
franchised dealer
b. a vehicle with a properly assigned Manufacturer's Certificate
of Origin
c. a vehicle that is titled
d. a vehicle with a Monroney label - ANSWER-C.
A "used motor vehicle" is defined as any motor vehicle which
has been sold, bargained, exchanged,
given away, or the title thereto transferred from the person who
first took title thereto from the
manufacturer or importer, dealer or agent of the manufacturer
or importer, or so used as to have
become what is commonly known as a "secondhand motor
vehicle"." In the event of transfer on the
,certificate of origin, from the original franchised dealer to any
other dealer or individual other than a
franchised dealer of the same make of vehicle, the vehicle shall
be considered a "used" motor vehicle,
and must be titled in the new owner's name
https://www.colorado.gov/pacific/sites/default/files/JANUARY%
208%20MV%20REGS%20unhighlited011215.pdf
Since 1985, the Federal Trade Commission's Used Car Rule has
required that dealers
prominently and conspicuously display the
__________________ on every used car or
light truck offered for sale. This is also known as the "as is"
sticker. - ANSWER-Buyers Guide
https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-
reform-proceedings/used-car-rule
Three of the following are required when a dealer is advertising
a lease of a motor
vehicle with a payment amount. Which one is not required?
a. disclosing the cost of leasing versus the cost of purchasing.
b. disclosing the number, amounts and due dates or periods of
scheduled payments.
, c. disclosing whether or not a security deposit is required.
d. disclosing that the transaction advertised is a lease. -
ANSWER-A.
Regulation M
Then the following terms must be disclosed:
That the advertised transaction is a lease;
The total amount due prior to or at consummation or
delivery;
The number, amounts and due dates or periods of
scheduled payments;
A statement of whether or not a security deposit is
required; and
A statement that an extra charge may be imposed at
the end of the lease term where the lessee's liability,
if any, is based on the difference between the residual
value of the leased property
https://www.colorado.gov/pacific/sites/default/files/Dealer%20B
oard%20Advertising%20Rules%20DR%202332.pdf
An advertisement would include:
a. a commercial message in a flyer
b. a commercial message in a direct mail literature
c. a price on a vehicle windshield
2025/2026 Actual Complete Real Exam Questions & Correct Answers
(Verified Answers) | Already Graded A+ / 2025Brand New Exam!!
A new motor vehicle has three of the following characteristics.
Which one
doesn't it have?
a. a motor vehicle being transferred for the first time from a
manufacturer
b. a motor vehicle that is titled
c. a motor vehicle which has not been used and commonly
known as a "new"
vehicle
d. a motor vehicle with less than 1500 demonstration miles at
the franchised dealer - ANSWER-B.
A new motor vehicle, is defined as "any motor vehicle being
transferred for the first time from a
manufacturer or importer, or dealer or agent or agent of a
manufacturer or importer, and which motor
vehicle has heretofore not been used, and is what is commonly
known as a "new motor vehicle"." A motor
vehicle which has been used by a dealer solely for the purpose
of demonstration to prospective
,customers shall be considered a "new vehicle" , unless such
demonstration use has been for more than
Fifteen Hundred (1500) miles.
https://www.colorado.gov/pacific/sites/default/files/JANUARY%
208%20MV%20REGS%20unhighlited011215.pdf
Which of the following would always indicate a motor vehicle is
used?
a. a vehicle with less than 1500 demonstration miles at the
franchised dealer
b. a vehicle with a properly assigned Manufacturer's Certificate
of Origin
c. a vehicle that is titled
d. a vehicle with a Monroney label - ANSWER-C.
A "used motor vehicle" is defined as any motor vehicle which
has been sold, bargained, exchanged,
given away, or the title thereto transferred from the person who
first took title thereto from the
manufacturer or importer, dealer or agent of the manufacturer
or importer, or so used as to have
become what is commonly known as a "secondhand motor
vehicle"." In the event of transfer on the
,certificate of origin, from the original franchised dealer to any
other dealer or individual other than a
franchised dealer of the same make of vehicle, the vehicle shall
be considered a "used" motor vehicle,
and must be titled in the new owner's name
https://www.colorado.gov/pacific/sites/default/files/JANUARY%
208%20MV%20REGS%20unhighlited011215.pdf
Since 1985, the Federal Trade Commission's Used Car Rule has
required that dealers
prominently and conspicuously display the
__________________ on every used car or
light truck offered for sale. This is also known as the "as is"
sticker. - ANSWER-Buyers Guide
https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-
reform-proceedings/used-car-rule
Three of the following are required when a dealer is advertising
a lease of a motor
vehicle with a payment amount. Which one is not required?
a. disclosing the cost of leasing versus the cost of purchasing.
b. disclosing the number, amounts and due dates or periods of
scheduled payments.
, c. disclosing whether or not a security deposit is required.
d. disclosing that the transaction advertised is a lease. -
ANSWER-A.
Regulation M
Then the following terms must be disclosed:
That the advertised transaction is a lease;
The total amount due prior to or at consummation or
delivery;
The number, amounts and due dates or periods of
scheduled payments;
A statement of whether or not a security deposit is
required; and
A statement that an extra charge may be imposed at
the end of the lease term where the lessee's liability,
if any, is based on the difference between the residual
value of the leased property
https://www.colorado.gov/pacific/sites/default/files/Dealer%20B
oard%20Advertising%20Rules%20DR%202332.pdf
An advertisement would include:
a. a commercial message in a flyer
b. a commercial message in a direct mail literature
c. a price on a vehicle windshield
