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State of Colorado sales license test(pearls )
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State of Colorado sales license test(pearls)
On Sunday(s), dealers are prohibited from selling all of the following except? - ANS-( C)
Powersport Vehicles
The licenses of a new or used dealer, wholesale auction dealer, or whole sales may be
denied, suspended, revoked or fined for the following: - ANS-(D) All of the above
Colorado's Lemon Law covers: - ANS-(C) defects that substantially impair market vale
of a vehicle
Local law enforcement agencies must be notified with thin four hours after repossession
of a motor vehicle occurs - ANS-(B) False it's 1 hour
The Buyer guide, or "as is" sticker must be? - ANS-(B) Provided by another language
than English if the transact is being conducted in another language than English
The only items that can be added to an advertised price are - ANS-(A) dealers handling
and preparation charges
Dealers must either be self-insured or have insurance for their vehicles - ANS-(A) true
Is it acceptable for a licensed dealer to place an advertisement using only the name
"ABC Enterprise"?. - ANS-(B) False is has to say ABC enterprise dealership
A dealer has how many days to deliver or facilitate delivery of title from the date
of sale? - ANS-(D) 30 days
According to Colorado law , motor vehicle leasing company do NOT need a motor
vehicle dealers license - ANS-(B) False
Three of the following are required to be disclosed in an advertisement when a dealer is
advertising a close-end credit sale or a motor vehicle or power sport vehicle with a down
payment amount, payment amount, number of payment, period of repayment or amount
of financing charge. Which one is NOT required? - ANS-(C) amount of percentage of
the down payment
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