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WISCONSIN AUTO SALES LICENSING EXAM WITH COMPLETE QUESTIONS AND CORRECT VERIFIED ANSWERS (DETAILED ANSWERS) ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS!!!.$25.99
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WISCONSIN AUTO SALES LICENSING EXAM WITH COMPLETE
QUESTIONS AND CORRECT VERIFIED ANSWERS (DETAILED
ANSWERS) ALREADY GRADED A+ 100% GUARANTEED TO
PASS CONCEPTS!!!.
What aren't you allowed to do while advertising - ANSWER-use deceptive or
misleading advertising to induce price
What terms cannot be used when discussing trade in allowance? - ANSWER--
We will pay up to
- appraise your own vehicle
- as much as
what wording can you NOT use in advertisements unless the dealership is going
out of business - ANSWER-- close out
- last of remaining
Do you always have to disclose when a vehicle has been flood damaged -
ANSWER-yes
MSRP - ANSWER-a label on the window of a car that has information on
standard equipment, base price, transport method, assembly point, receiving
dealer
Are MSRPs required for trucks? - ANSWER-no
,Dealer Supplemental Price Label - ANSWER-a label that lists optional
equipment or accessories installed by the dealership
Wisconsin Buyers Guide - ANSWER-the results of a safety inspection
when is the Wisconsin Buyers Guide not required - ANSWER-- trucks over
16,000 pounds
- demo vehicles
- unrepaired salvage
- leased vehicles that are bought after the leasing period is up
what must you include about the model year - ANSWER-model year, whether
or not it's used or new, or "one-owner" when applicable
what must be ensured to list a vehicle as available - ANSWER-that there is
enough available or that it can be delivered within a reasonable time
Do you need to include the dealership name in advertisements? - ANSWER-yes
If a product is only free with purchase necessary what wording would you use
instead of "free" - ANSWER-included with
Title Brand - ANSWER-info on the title containing terms such as
- buyback, modified, former police vehicle etc.
How long does a dealership have to deliver the application for a
title/registration on a bought vehicle? - ANSWER-7 days after delivery
, MVII - ANSWER-a WI title and license plate application for transferring
ownership
when can dealer plates NOT be used - ANSWER-- on rental vehicles
- on vehicles that are not for sale
Which COPIED documents need to be kept by the dealership for a minimum of
5 years? - ANSWER-purchase contracts, applications for titles and registration,
odometer statements, cosigning agreements, factory invoices, power of
attorney forms, titles
Which ORIGINAL documents need to be kept by the dealership for a minimum
of 5 years? - ANSWER-log books and the Wisconsin Buyers Guide
Dealership Group - ANSWER-2 or more dealerships with the same majority
owner
Manufacturer Certificate of Origin - ANSWER-contains information on the
manufacturer, VIN, place of assembly, and delivery point
Pre-Delivery Inspection Test - ANSWER-a report on a new vehicle from the
manufacturer that must be given to the customer after the vehicle is sold
Emission Standards Certificate - ANSWER-a certificate that confirms a vehicle
has been installed and inspected, and what to do if the system fails
Damage Disclosure Statement - ANSWER-a written disclosure given to the
customer if 6% or more of the MSRP has been damaged. Any uncorrected
damage must be disclosed
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