1|Page
Mastery Exam- Car Sales Test Colorado ||Verified
Exam!!|| Most Recent Exam Actual Complete Real
Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ || Newest Exam!!!
Which of the following statements is true regarding dealer
demo plates? - Answer-a demo drive cannot exceed 7
days
Colorado Lemon Law includes: - Answer-defects that
substantially impair the market value of the vehicle
Motor vehicle insurance is required: - Answer-for all
registered vehicles intended for use on colorado roads
Which is true regarding in-transit plates? - Answer-in-
transit plates may be used to transport vehicles from point
of purchase to point of storage or from point of storage to
point of sale
Licensed dealers may sell which of the following on
Sundays? - Answer-The selling of boat trailers and
snowmobile are exempt
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Which of the following steps are required to properly and
legally repossess a motor vehicle? - Answer-effect a lien
creating a security interest, Allow the required payment to
default (become at least 10 days late), send or hand
deliver a "right to cure" letter to the debtor and allow the
debtor 20 days to cure
An advertisement may include - Answer-licensed name
with the word DEALER
which of the following is a used vehicle? - Answer-any
vehicle that has been previously bought a demo vehicle
with 1500 miles
How many temp permits may a dealer issue for each
roadworthy vehicle sold? - Answer-1
An extension can only be issued but the DMV
Depot plates may be used during normal business hours
to transport a motor vehicle - Answer-all of the above
All plates
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Three of the following are required when a dealer is
advertising a lease of a motor vehicle with a payment
amount - Answer-~Amount or percentage of the down
payment
~terms of repayment (car payment date)
~Annual percentage rate (interest rate of the loan)
Three of the following types of motor vehicles are exempt
from the truth in mileage act. - Answer-~Vehicles 10 years
old or older~Vehicles having a gross empty weight more
than 10,000 lbs~Vehicles not self propelled (Trailers)
The definition of a used motor vehicle dealer or used
dealer includes which of the following? - Answer-a person
who attempts to negotiate a sale or lease of a used motor
vehicle or powersports vehicle with the intent to make a
profit or gain
The Motor Vehicle Board is authorized and empowered to:
- Answer-All Of The Above
~Amend and repeal rules, regulations and previsions
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When advertising a specific number of motor vehicles, that
same number of vehicles must be invoiced to the dealer -
Answer-TRUE
bait and switch is - Answer-ad that attracts consumers with
a low-priced product, then tries to sell them a higher-
priced product
Selling, Leasing, Trade-In, with option to purchase,
offering or negotiating and exchange of interest in 3+
vehicles in any 1 year is prima facie evidence that a
person is engaged in the business of selling or leasing
motor vehicles - Answer-TRUE
By obtaining an off-premise permit, dealers may sell motor
vehicles at another location on Sunday - Answer-FALSE -
NO Sale of vehicle should be done on Sundays
which is NOT required when advertising a lease? -
Answer-disclosing the cost of lease vs purchasing
Prominently and conspicuously display the ________? -
Answer-FTC Buyer's Guide
Mastery Exam- Car Sales Test Colorado ||Verified
Exam!!|| Most Recent Exam Actual Complete Real
Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ || Newest Exam!!!
Which of the following statements is true regarding dealer
demo plates? - Answer-a demo drive cannot exceed 7
days
Colorado Lemon Law includes: - Answer-defects that
substantially impair the market value of the vehicle
Motor vehicle insurance is required: - Answer-for all
registered vehicles intended for use on colorado roads
Which is true regarding in-transit plates? - Answer-in-
transit plates may be used to transport vehicles from point
of purchase to point of storage or from point of storage to
point of sale
Licensed dealers may sell which of the following on
Sundays? - Answer-The selling of boat trailers and
snowmobile are exempt
,2|Page
Which of the following steps are required to properly and
legally repossess a motor vehicle? - Answer-effect a lien
creating a security interest, Allow the required payment to
default (become at least 10 days late), send or hand
deliver a "right to cure" letter to the debtor and allow the
debtor 20 days to cure
An advertisement may include - Answer-licensed name
with the word DEALER
which of the following is a used vehicle? - Answer-any
vehicle that has been previously bought a demo vehicle
with 1500 miles
How many temp permits may a dealer issue for each
roadworthy vehicle sold? - Answer-1
An extension can only be issued but the DMV
Depot plates may be used during normal business hours
to transport a motor vehicle - Answer-all of the above
All plates
,3|Page
Three of the following are required when a dealer is
advertising a lease of a motor vehicle with a payment
amount - Answer-~Amount or percentage of the down
payment
~terms of repayment (car payment date)
~Annual percentage rate (interest rate of the loan)
Three of the following types of motor vehicles are exempt
from the truth in mileage act. - Answer-~Vehicles 10 years
old or older~Vehicles having a gross empty weight more
than 10,000 lbs~Vehicles not self propelled (Trailers)
The definition of a used motor vehicle dealer or used
dealer includes which of the following? - Answer-a person
who attempts to negotiate a sale or lease of a used motor
vehicle or powersports vehicle with the intent to make a
profit or gain
The Motor Vehicle Board is authorized and empowered to:
- Answer-All Of The Above
~Amend and repeal rules, regulations and previsions
, 4|Page
When advertising a specific number of motor vehicles, that
same number of vehicles must be invoiced to the dealer -
Answer-TRUE
bait and switch is - Answer-ad that attracts consumers with
a low-priced product, then tries to sell them a higher-
priced product
Selling, Leasing, Trade-In, with option to purchase,
offering or negotiating and exchange of interest in 3+
vehicles in any 1 year is prima facie evidence that a
person is engaged in the business of selling or leasing
motor vehicles - Answer-TRUE
By obtaining an off-premise permit, dealers may sell motor
vehicles at another location on Sunday - Answer-FALSE -
NO Sale of vehicle should be done on Sundays
which is NOT required when advertising a lease? -
Answer-disclosing the cost of lease vs purchasing
Prominently and conspicuously display the ________? -
Answer-FTC Buyer's Guide
