Ace the Colorado Sales License Exam 2025 – Get Ready to Boost Your Sales Power!

Question: 1 / 400

What is required of a dealer when selling a used vehicle with mileage discrepancies?

Obtain a waiver from the buyer

Provide documentation of the discrepancies

When selling a used vehicle with mileage discrepancies, a dealer is required to provide documentation of the discrepancies. This requirement ensures transparency and protects consumers by informing them about the vehicle's true condition. When a dealer documents mileage discrepancies, they contribute to preventing fraud in vehicle transactions, safeguard the buyer’s rights, and maintain compliance with legal obligations regarding the sale of used vehicles.

The importance of documentation lies in its ability to serve as evidence of the actual mileage history, which can affect the vehicle's value and the buyer's decision-making. Providing this documentation creates a clearer understanding of the vehicle's history and builds trust between the seller and buyer, ensuring that the sale is conducted ethically.

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Reset the odometer

Sell the vehicle at a discounted price

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