Wisconsin Auto Sales License Exam Questions and Answers (Graded A)
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
- apprais...
Wisconsin Auto Sales License Exam Que stions and Answers (Graded A) 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 - ANSWE R ✔️✔️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 t o 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 b e 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 o n 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
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