Wisconsin Auto Sales License Exam Questions And Answers (Graded A)

MVII {Ans: a WI title and license plate application for transferring ownership}What happens if a customer doesn't have license plates? {Ans: The dealership must provide a temporary license plate or permanent plate (with fees)}Does the dealership provide any warranty or protection for "as-is" vehicles {Ans: no}Motor Vehicle Purchase Contract {Ans: - shows that the customer is offering to purchase a vehicle - legally binding for both parties after the sale is made}Do manufacturers have consistent practices on price protection? {Ans: no}Emission Standards Certificate {Ans: a certificate that confirms a vehicle has been installed and inspected, and what to do if the system fails}What's the difference between a cosignment vehicle and a regular dealership vehicle? {Ans: the agreement must be signed by the private seller and the dealership before the vehicle can be put up for sale}Which COPIED documents need to be kept by the dealership for a minimum of 5 years? {Ans: purchase contracts, applications for titles and registration, odometer statements, cosigning agreements, factory invoices, power of attorney forms, titles}Reasonable Care Standard {Ans: dealerships are required to test drive and expect the vehicle internally and externally (the car does not have