Car Sales Test Colorado / Car Sales Test Colorado Questions and Answers 2024 FINAL UPDATE PASS A+
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Course
Nursing pharmacology
Institution
Nursing Pharmacology
Car Sales Test Colorado / Car
Sales Test Colorado
Questions and Answers 2024
FINAL UPDATE PASS A+
A new or used motor vehicle dealer may legally do which of
the following with a temporary registration permit? -
ANSWER-Cannot find in study guides or online...
educated guess.
The License...
Car Sales Test Colorado / Car
Sales Test Colorado
Questions and Answers 2024
FINAL UPDATE PASS A+
,A new or used motor vehicle dealer may legally do which of
the following with a temporary registration permit? -
✔✔✔ANSWER-Cannot find in study guides or online...
educated guess.
The License of a motor vehicle salesperson or a power
sports salesperson may be denied revoked, or suspended
on any of the following grounds except: - ✔✔✔ANSWER-
Advertising a salvage vehicle while identifying the vehicle as
a salvage vehicle
The advertise price of a motor vehicle must include: -
✔✔✔ANSWER-Answer- Finance Charge
Which of the following is a true statement regarding dealers
and buyers - ✔✔✔ANSWER-a dealer shall clearly indicate on
the customer contract when a vehicle is sold "as-is and
without a garantee
Which of the following is not proof of ownership of a motor
vehicle for a Colorado dealer - ✔✔✔ANSWER-Answer- A
vehicle subject to lien on the title
,Advertisement of rate of finance charge. If an advertisement
states a rate of finance charge, it
shall state the rate as an "annual percentage rate," using that
term. If the annual percentage
rate may be increased after consummation, the
advertisement shall state that fact. If an
advertisement is for credit not secured by a dwelling, the
advertisement shall not state any
other rate, except that a simple annual rate or periodic rate
that is applied to an unpaid balance
may be stated in conjunction with, but not more
conspicuously than, the annual percentage
rate. If an advertisement is for credit secured by a dwelling,
the advertisement shall not
state any other rate, except that a simple annual rate that is
applied to an unpaid balance may
be stated in conjunction with, but not more conspicuously
than, the annual percentage rate.
Advertisement of terms that require additional disclosures -
Triggering terms. If any of the following terms is set forth in
an advertisement, the
advertisement shall meet the requirements of paragraph
(d)(2) of this section:
, (i)
The amount or percentage of any downpayment.
(ii)
The number of payments or period of repayment.
(iii)
The amount of any payment.
(iv)
The amount of any finance charge.
2.0 Proof of Ownership Requirements
a. A used vehicle with a Colorado title:
2.1 All Colorado dealers or wholesalers must maintain the
following evidence of ownership for each
vehicle in their possession:
61
Auto Industry DivisionStudy Guide- Miscellaneous Statutes
& Regulations
2. Odometer disclosure if required.
A used vehicle with an out-of-state title:
Odometer disclosure if required; and,
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