AFIP Test
Study online at https://quizlet.com/_hp00ep
1. Payment Packing 1.Can't give leg
2. UDAP claim
3. Against the law in CA
4. Against AFIP code of ethics
2. 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. 3 Elements of a 1. Offer
Contract 2. Acceptance
3. Consideration
4. Spanish Lan- 1. In the English version of the BG there is a setence in Spanish that tells a customer
guage Transac- he can get a Spanish BG if he wants one.
tions (Buyers 2. if the transaction is in the Spanish, the BG has to be in Spanish.
Guide) 3. if your pursuing the Spanish market, you should have both English and Spanish
buyers guides on the cars.
5. Buyers Guide The BG cannot be the sole source of warranty information
6. Implied Warranty *In an implied warranty state, state law will override the provisions of a service
State contract
7. 2 Provisions on 1. a website to get the history on the vehicle
the BG 2. a website about safety recalls
8. Car is on the You have to redo the BG
lot marked AS-IS,
but the sales per-
, AFIP Test
Study online at https://quizlet.com/_hp00ep
son throws in a
3/3 warranty
9. Complaints after 1. Name of individual
the Sale on BG 2. Phone number of that individual
3. Title of individual
10. 3rd Party Warran- 1. Dealer would record, "no dealer warranty."
ty Co. 2. Check the box for "other used vehicle warranty."
11. The max penalty $43972
for violating the
Used Car Rule
12. What is consid- 1. cashier's check
ered cash? 2. Bank draft
3. Travelers check
4. money order
5. with a fact amount of less than $10k paid on a car costing more than $10k
6. Anything that represents cleared funds is not considered cash.
13. Buy Here Pay total amount received in a 12 month period that exceeds $10k cash
Here Dealer
14. Standard for re- total amt received in a 24 hour period
lated purchase
15. Tax Payer ID 1. SSN
number 2. Individual Taxpayer Number (ITN)
3. Employer ID Number (EIDN)
16. Suspension 1. Don't tell them that you are going to fill out the form, even if they ask.
Transaction 2. You don't send a letter to the customer
Study online at https://quizlet.com/_hp00ep
1. Payment Packing 1.Can't give leg
2. UDAP claim
3. Against the law in CA
4. Against AFIP code of ethics
2. 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. 3 Elements of a 1. Offer
Contract 2. Acceptance
3. Consideration
4. Spanish Lan- 1. In the English version of the BG there is a setence in Spanish that tells a customer
guage Transac- he can get a Spanish BG if he wants one.
tions (Buyers 2. if the transaction is in the Spanish, the BG has to be in Spanish.
Guide) 3. if your pursuing the Spanish market, you should have both English and Spanish
buyers guides on the cars.
5. Buyers Guide The BG cannot be the sole source of warranty information
6. Implied Warranty *In an implied warranty state, state law will override the provisions of a service
State contract
7. 2 Provisions on 1. a website to get the history on the vehicle
the BG 2. a website about safety recalls
8. Car is on the You have to redo the BG
lot marked AS-IS,
but the sales per-
, AFIP Test
Study online at https://quizlet.com/_hp00ep
son throws in a
3/3 warranty
9. Complaints after 1. Name of individual
the Sale on BG 2. Phone number of that individual
3. Title of individual
10. 3rd Party Warran- 1. Dealer would record, "no dealer warranty."
ty Co. 2. Check the box for "other used vehicle warranty."
11. The max penalty $43972
for violating the
Used Car Rule
12. What is consid- 1. cashier's check
ered cash? 2. Bank draft
3. Travelers check
4. money order
5. with a fact amount of less than $10k paid on a car costing more than $10k
6. Anything that represents cleared funds is not considered cash.
13. Buy Here Pay total amount received in a 12 month period that exceeds $10k cash
Here Dealer
14. Standard for re- total amt received in a 24 hour period
lated purchase
15. Tax Payer ID 1. SSN
number 2. Individual Taxpayer Number (ITN)
3. Employer ID Number (EIDN)
16. Suspension 1. Don't tell them that you are going to fill out the form, even if they ask.
Transaction 2. You don't send a letter to the customer
