Wisconsin Auto Sales License Exam Questions with 100% Verified Correct Answers Rated A+ 2024/2025 What aren't you allowed to do while advertising - Correct Answers use deceptive or misleading advertising to induce price What terms cannot be used when discussing trade in allowance? - Correct Answers - We will pay up to
- appraise your own vehicle
- as much as
- last of remaining
- demo vehicles
- unrepaired salvage
- leased vehicles that are bought after the leasing period is up
what wording can you NOT use in advertisements unless the dealership is going out of business - Correct Answers - close out
Do you always have to disclose when a vehicle has been flood damaged - Correct Answers yes MSRP - Correct Answers 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? - Correct Answers no Dealer Supplemental Price Label - Correct Answers a label that lists optional equipment or accessories installed by the dealership Wisconsin Buyers Guide - Correct Answers the results of a safety inspection when is the Wisconsin Buyers Guide not required - Correct Answers - trucks over 16,000 pounds
what must you include about the model year - Correct Answers model year, whether or not it's used or new, or "one-owner" when applicable 1 / 2
what must be ensured to list a vehicle as available - Correct Answers 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? - Correct Answers yes If a product is only free with purchase necessary what wording would you use instead of "free" - Correct Answers included with Title Brand - Correct Answers info on the title containing terms such as
- buyback, modified, former police vehicle etc.
- on vehicles that are not for sale
- / 2
How long does a dealership have to deliver the application for a title/registration on a bought vehicle? - Correct Answers 7 days after delivery MVII - Correct Answers a WI title and license plate application for transferring ownership when can dealer plates NOT be used - Correct Answers - on rental vehicles
Which COPIED documents need to be kept by the dealership for a minimum of 5 years? - Correct Answers 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? - Correct Answers log books and the Wisconsin Buyers Guide Dealership Group - Correct Answers 2 or more dealerships with the same majority owner Manufacturer Certificate of Origin - Correct Answers contains information on the manufacturer, VIN, place of assembly, and delivery point Pre-Delivery Inspection Test - Correct Answers a report on a new vehicle from the manufacturer that must be given to the customer after the vehicle is sold