COLORADO SALES TEST GUIDE with 100% correct answers 2024
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Module
Mastery Car Sales Colorado
Institution
Mastery Car Sales Colorado
Three of the following types of motor vehicles are exempt from the truth in mileage act.
~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 whi...
COLORADO SALES TEST GUIDE
with 100% correct answers
2024
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
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 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
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
Which of the following are deceptive trade practices? - answer All of
the aboveBait and switch
, 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
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)
which is NOT required when advertising a lease? - answer disclosing
the cost of lease vs purchasing
Prominently and conspicuously display the ________? - answer -for 60
days in a B2C sale-for 7 days in a B2B sale
Motor Vehicle salesmen are required to have a surety bond in the
amount of $30k - answer False, $15,000
If a salesperson leaves a dealership during the licensing year and
becomes employed at another dealership they must acquire a new
license for the unexpired portion of their returned license from the
board - answer TRUE
A Motor Vehicle salesperson may work for more than 1 dealership
during one year - answer TRUE
All Motor Vehicle dealers and dealers must post a clear legible sign
on their place of business if: - answer they will be open less than 40
hours per week
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