Exam (elaborations)
Wisconsin Auto Sales License Exam with correct Answers
- Course
- Institution
Wisconsin Auto Sales License Exam with correct Answers
[Show more]
4 reviews
By: mopdnate • 1 week ago
By: 1jkwarner1 • 4 months ago
By: Gordones22 • 4 months ago
Thank you for 5 Stars all the best in your studies
By: tolvstadn • 5 months ago
By: comeatmebro117 • 5 months ago
Content preview
Wisconsin Auto Sales License Exam What aren't you allowed to do while advertising - Answer- use deceptive or misleading advertising to induce priceWhat 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
What parts of the car are NOT included in the Damage Disclosure Statement? - Answer- glass, tires, bumpers
Reasonable Care Standard - Answer- dealerships are required to test drive and expect the vehicle internally and externally
(the car does not have to be taken apart)
Are you required to tell a customer the previous owner's name and address upon request? - Answer- yes
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Gordones22. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73314 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now