WI DMV Salesperson Exam Rated A Verified

WI DMV Salesperson Exam Rated A+ (Verified) A customer purchases a vehicle away from the dealership's place of business. Three days later, the customer cancels the purchase.Is this acceptable? - ANSWER-Yes, the customer has up to 3 days to cancel (cooling off period). Give the customer two copies of a notice of this right when the purchase contract is signed away from the place of business.A resident in WI that sells or trades in an auto may have license plates to transfer to the vehicle purchased. True/false - ANSWER-true A vehicle has a lien. The funds were mailed or electronically transferred by the dealer to the lien holder. Can this vehicle be sold? - ANSWER-Yes. As long as the funds were mailed, or etf AND the application stating the lien was paid is completed.A vehicle is listed "as-is". The vehicle comes with a manufacturer warranty.

Question: Does this mean the dealership is providing any warranty protection? -

ANSWER-NO. . As-is means no .All ads must state the model year. True/False - ANSWER-True Any warranty or service contract must be included with the vehicle on the purchase contract. The Customer must be able to view this. The warranty document is also given at the time of the delivery. True/false - ANSWER-True Can a dealer increase the contract price? - ANSWER-Yes for order-out vehicles if:

• additional equipment required by law

-increase of state or federal taxes on vehicles Not following these rules is illegal and is called "bushing".Can a trade-in be reappraised? - ANSWER--Yes. ONLY if the trade-in was damaged, parts were removed, or the mileage exceeds the limits on the purchase contract.Can a vehicle be sold to a minor? - ANSWER-- Any contracts signed by people under 18 are not binding. They may be canceled by the minor without penalty.

• Before negotiating a contract with a minor, the parent or guardian must provide a

notarized signature in the "consent to purchase" section of the application for title and registration.Can ads be mixed for lease vehicles and for sale vehicles? - ANSWER-Yes. IF it is clearly stating which vehicles are lease and which are for sale.Can an uninspected vehicle be sold? - ANSWER-No. . Display a "not inspected for sale" sticker on any used vehicle that hasn't been inspected. 1 / 2

Can dealer plates be used for business or private purposes? for vehicles the dealer owns, offers for sale, or uses as service loaner vehicles? - ANSWER-yes Can dealer plates be used on rental vehicles or vehicles not for sale? - ANSWER-No Can ownership be transferred without a title? - ANSWER-No. If the customer lost it, they must get a replacement title from the DMV before they can sell or trade in their vehicle.Can the dealership advertise things like "last of the remaining", "close out", "clearance"?

• ANSWER-NO. Unless going out of business.

Can you advertise a certain type of vehicle if you know you will not meet anticipated demand? - ANSWER-No. Unless you know they can be delivered in a reasonable time.Can you give the previous owner's name and address? - ANSWER-Yes. You must provide this info if it is requested by a potential customer.Can you write a purchase contract for a used vehicle if it has not been inspected and there is no WI buyers guide displayed? - ANSWER-NO.Dealer is responsible for giving proper vehicle info. Salesman is responsible for giving the info to the customer. All written AND spoken info must be truthful. True/false - ANSWER-True Dealers must electronically send, deliver, or mail completed applications for title and registration to DMV within 7 business days after delivery of the vehicle. True/false - ANSWER-true Do you have to tell the customer if a vehicle was flood damaged? - ANSWER- Yes ,always.Does a customer need a WI title if they are not a resident of WI? - ANSWER-Yes, if they need it to secure a lien. Otherwise no.How is the model year disclosed? - ANSWER-The model year is the manufacturer's original designated model year. If a vehicle had one part built in one year and the other parts built in the next, then disclose that info.How long does the dealer have to accept the "motor vehicle purchase contract"? - ANSWER-The dealer must accept the offer within 2 hours, or the offer is automatically voided. If voided, you must immediately return any down payment, deposit, or title for a trade-in vehicle.If 2 or more vehicles had the same type of damage to them (ex- hail), then the ad must state the type of damage. True/False - ANSWER-True.

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