CORRECT ANSWERS #4
Which of the following is an example of a "new" motor vehicle?
1. A farm tractor which ha snot been used
2. A motor vehicle which has been used for less than 4 months by a prior owner
3. A demonstration vehicle with 1300 miles
4. A motor vehicle titles in the name of a private party - correct answer
Which of the following is true about Colorao's Lemon Law? - correct answer
A salesperson can change dealerships during the licensing year provided that a change
of employer notification form and fee is submitted to the Board. It is unlawful for such a
salesperson to act as a motor vehicle salesperson or power sports salesperson until a
new license is procured.
1. True
2. False - correct answer 1. True
Study Guide Motor Vehicle Statutes 2017-2018
12-6-116 #3
"It shall be unlawful for such salesperson to act as a motor vehicle salesperson until a
new license is procured."
The only items that can be added to an advertised price are:
1. Dealer handling and preparation charges
2. Specific savings and discounts
3. Finance charges, sales tax, emissions, or other governmental fees and transportation
costs
4. All of the above - correct answer 3. Finance charges, sales tax, emissions, or other
governmental fees and transportation costs
Dealer Board Advertising Rules
Regulation 12-6-118(3)(k)
Rule 13
Advertising shall be construed to be misleading or inaccurate in the following
particulars;
Advertising the price of a vehicle without including all costs to the purchaser at the time
of delivery, except sales tax, finance charges, cost of emissions test, and transportation
costs, incurred after sale, to deliver the vehicle to the purchaser at the purchaser's
request.
Three of the following types of motor vehicles are except from the Truth in mileage act.
Which one is NOT exempt?