100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
DMV Dealer License Test Exam Set Questions With Revised Correct Answers $11.34   Add to cart
Quickly navigate to
Preview
  2.  
  3. CALIFORNIA DEALER LICENSE
  4.  
  5. CALIFORNIA DEALER LICENSE

Exam (elaborations)

DMV Dealer License Test Exam Set Questions With Revised Correct Answers

 6 views  0 purchase
  • Course
  • CALIFORNIA DEALER LICENSE
  • Institution
  • CALIFORNIA DEALER LICENSE

DMV Dealer License Test Exam Set Questions With Revised Correct Answers What is the basic DMV transfer fee to transfer the title into the buyer's name? - ANSWER $15.00 If the buyer defaults on a Conditional Sales Contract, the dealer may, subject to proper notification to the buye...

[Show more]

Preview 2 out of 15  pages

Document information

  • August 26, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • CALIFORNIA DEALER LICENSE
  • CALIFORNIA DEALER LICENSE

Seller

avatar-seller
NURSINGDICTIONARY

Reviews received

Content preview

DMV Dealer License Test Exam Set
Questions With Revised Correct
Answers



What is the basic DMV transfer fee to transfer the title into the
buyer's name? - ANSWER $15.00


If the buyer defaults on a Conditional Sales Contract, the dealer
may, subject to proper notification to the buyer:


a. Accelerate the amount do
b. Repossess vehicle
c. Sell the vehicle
d. All of the above - ANSWER d. All of the above


Which of the following are taxable in a vehicle sales
transaction?


a. Document preparation fee

, b. $50 smog fee paid to seller/dealer
c. Both A and B
d. Insurance fees - ANSWER c. Both A and B


Which of the following are not taxable in a vehicle sales
transaction?


a. Finance charges
b. Insurance charges
c. Smog certificate fee (paid to state)
d. All of the above - ANSWER d. All of the above


Buy Here Pay Here (self-financing) Dealers must:


a. Charge interest rates that are less than 20% above prime rate
b. Offer 30 day, or 1,000 mile warranties, and put FMV notices
on their vehicles
c. Send 50% of all interest charged to DMV
d. Finance all vehicles sold for more than $50,000 - ANSWER
b. Offer a 30 day, or 1,000 mile warranties, and put FMV
notices on their vehicles

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 NURSINGDICTIONARY. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.34. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75632 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.34
  • (0)
  Add to cart