OMVIC Practice Test

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Dive into the OMVIC Practice Test and test your knowledge on laws, regulations, and ethical practices in the automotive industry. Perfect for aspiring dealers and salespersons to validate their expertise!

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.

True or False: Dealer A buys from a daily rental company, a car previously used in the rental fleet. Dealer A then sells the car (giving full disclosure of the car's history as a daily rental) to a consumer who buys it for personal use. A year later, the consumer trades that car in to Dealer B. Dealer B does a history search and sees the car was once a daily rental. Under Regulation 42 of the MVDA, when Dealer B sells this car to another customer they are not required to inform the customer of the cars previous use as a daily rental.

True
False
Not provided
Maybe

The correct answer is: True

Dealer B is not required to inform the customer of the car's previous use as a daily rental under Regulation 42 of the MVDA. This is because the disclosure was already made by Dealer A when they sold the car to the consumer. Therefore, Dealer B is not obligated to disclose the same information again to a new customer. Option B is incorrect because it implies that Dealer B is required to disclose the information, which is not the case. Option C is incorrect because the context of the regulation and the disclosure is provided. Option D is incorrect because the answer is clearly stated as true.