OMVIC Practice Test

Dealers must disclose known damage repairs in excess of how much?

1. $500

2. $1,000

3. $3,000

4. $5,000

The correct answer is: $3,000

Dealers are required to disclose any known damage repairs that exceed $3,000. Option A, $500, is too small of an amount to cover major damage repairs that would impact a consumer's decision to purchase a car. Option B, $1,000, is still a relatively small amount and may not cover all major damage repairs. Option D, $5,000, is over the threshold and would require dealers to disclose any known repairs over this amount. Therefore, C is the most accurate and appropriate answer in this scenario.