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Dealer
License Seminars of
San Diego
Practice Exam questions
1.
The minimum time period for
canceling a contract is:
a) 1 day
b) 2 days,
c) 2 days,
d) 4 days
2.
The Car Buyer’s Bill of Rights is
also known as:
a) AB 50
b) AB 58
c) AB 68
d) AB 100
3.
Which of the following must be
disclosed to a buyer?
a) Previous
rental
b) Previous AB 68 return
c) More than 3 previous
owners
d) Vehicle
previously registered out of state
4.
Which type of contract must be used
for cash sales?
a) Cash only
contract
b) Invoice ledger
c) Bill of cash sale
d) Conditional sales contract
5.
A.P.R. means:
a) Appropriate
Prime Rate
b) Annual Percentage Rate
c) Annual Premium Reduction
d) Accounting Per Rate
6.
When a dealer assigns a contract,
the A.P.R. dealer may collect
is____?.
a) Not capped
b) Capped
c) Capped at discretion of
dealer
d) None of these
7.
Truth-In-Lending is:
a) Federal
disclosure regulation
b) State disclosure
regulation
c) State and Federal
disclosure regulation
d) City disclosure regulation
8.
The document preparation fee a
dealer is allowed to charge is
____?.
a) $5
b) $25
c) $55
d) Unlimited
9.
A dealer must collect sales tax when
a vehicle is sold___________:
a) To a retail
buyer
b) To a wholesaler for
personal use
c) To a Federal Government
employee
d) All of the above
10.
Which of the following is NOT
taxable?
a) Document
preparation fee
b) $8.25 Smog certificate fee
c) $50 Smog test fee
d) Add-on theft-deterrent
device
11.
When is acceptable to waive Division
12 equipment of vehicles?
a) When DMV
gives permission
b) Always
c) Never
d) If vehicle is sold AS-IS
12.
Which is a major portion of Division
12 equipment?
a) Paint
condition
b) Lighting equipment
c) Air
conditioning equipment
d) Compact disc
player condition
13.
How can a dealer identify the
vehicle in an advertisement?
a) VIN
b) License plate number
c) Stock number
d) All of the above
14.
Which phrase is now regulated by AB
68 when advertised?
a) Runs great
b) Low mileage
c) Gas saver
d) Certified
15.
What must be working at time of
retail sale?
a) Odometer
b) Glove compartment light
c) FM radio
d) Sunroof
The actual
DMV exam has 40 questions and you
need to score 70% correct.
When you take the class, we will
supply you with the answers to the
15 questions above plus we will
cover many more possible test
questions to help you achieve a
passing score on the actual DMV
exam.
Reserve
your seat now!
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