Wisconsin Motor Vehicle Salesperson Manual Practice Test

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Prepare for your Wisconsin Motor Vehicle Salesperson Exam with an engaging quiz format featuring multiple choice questions and detailed explanations. Stay ahead of the competition and ensure your success on test day!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

The value of a trade-in may be reappraised only under which of the following conditions?

The trade-in vehicle has been damaged
If the dealership changes ownership
If the customer finds a lower offer elsewhere
If the customer changes warranty options

The correct answer is: The trade-in vehicle has been damaged

If a trade-in vehicle has been damaged, the value of the vehicle may need to be reappraised. This is because the damage may affect the overall value of the vehicle. Option B is incorrect because a change in ownership of the dealership would not directly impact the value of a trade-in. Option C is incorrect because the value of the trade-in does not change based on offers from other dealerships. Option D is incorrect because changing warranty options does not necessarily affect the value of the trade-in vehicle. Option A is the correct answer because a damaged vehicle may have a lower value and therefore, may need to be reappraised.