Dealer License (CA) Questions with
Correct Answers 2025
Must a conditional sales contract is in writing? - CORRECT ANSWER -a) Yes
A contract cancellation display at each sales office and cubicle must have minimum
dimensions of - CORRECT ANSWER -b) 8" x 10"
If a customer purchases a vehicle for $5,000 and decides to purchase a contract cancellation o
ption, the dealer may charge the customer up to - CORRECT ANSWER -b) $75.00
If a customer purchases a vehicle for $10,000 and decides to purchase a contract cancellation
option, the dealer may charge the customer up to - CORRECT ANSWER -a) $150.00
If a customer purchases a vehicle for $30,000 and decides to purchase a contract cancellation
option, the dealer may charge the customer up to - CORRECT ANSWER -c) $250.00
If a customer purchases a vehicle price $30,000 -
$39,999 and decides to purchase a contract cancellation option, the dealer may charge the cu
stomer up to - CORRECT ANSWER -a) 1% of the selling price
If a customer purchases a vehicle for $40,001, how much can the dealer charge the customer?
- CORRECT ANSWER -
b) the dealer cannot charge the customer because the sale is not eligible for the contract canc
ellation option
What is reg z? - CORRECT ANSWER -
c) a law that states all terms and costs of financing must be disclosed to the buyer(s)
Is the contract valid if only the buyer signs? - CORRECT ANSWER -b) No
Correct Answers 2025
Must a conditional sales contract is in writing? - CORRECT ANSWER -a) Yes
A contract cancellation display at each sales office and cubicle must have minimum
dimensions of - CORRECT ANSWER -b) 8" x 10"
If a customer purchases a vehicle for $5,000 and decides to purchase a contract cancellation o
ption, the dealer may charge the customer up to - CORRECT ANSWER -b) $75.00
If a customer purchases a vehicle for $10,000 and decides to purchase a contract cancellation
option, the dealer may charge the customer up to - CORRECT ANSWER -a) $150.00
If a customer purchases a vehicle for $30,000 and decides to purchase a contract cancellation
option, the dealer may charge the customer up to - CORRECT ANSWER -c) $250.00
If a customer purchases a vehicle price $30,000 -
$39,999 and decides to purchase a contract cancellation option, the dealer may charge the cu
stomer up to - CORRECT ANSWER -a) 1% of the selling price
If a customer purchases a vehicle for $40,001, how much can the dealer charge the customer?
- CORRECT ANSWER -
b) the dealer cannot charge the customer because the sale is not eligible for the contract canc
ellation option
What is reg z? - CORRECT ANSWER -
c) a law that states all terms and costs of financing must be disclosed to the buyer(s)
Is the contract valid if only the buyer signs? - CORRECT ANSWER -b) No
