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.

Under what condition is a margin of error in disclosed vehicle mileage available to a dealer?

If the error is within 10% of the true distance
If the error is within the LESSER of 5% or 1,000 kilometers of the correct distance
If the vehicle is older than 10 years
If the customer agrees to the discrepancy in writing

The correct answer is: If the error is within the LESSER of 5% or 1,000 kilometers of the correct distance

When disclosing vehicle mileage, a dealer must provide a margin of error within the lesser of 5% or 1,000 kilometers of the correct distance. This means that if the error is less than 5%, the disclosed mileage will be considered accurate. However, if the error is greater than 5%, the disclosed mileage will be considered accurate as long as it is within 1,000 kilometers of the true distance. Option A is incorrect because 10% is not the accepted margin of error for disclosing vehicle mileage. Option C is incorrect because the age of the vehicle does not determine whether or not a margin of error should be disclosed. Option D is incorrect because the customer's agreement does not waive the requirement for a margin of error disclosure. Disclosure is still required regardless of the agreement.