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.

What does the term "as is" mean when dealing with a vehicle purchase?

The vehicle is still in production
The vehicle cannot be loaned
The vehicle comes with warranty
The vehicle is not represented as being in roadworthy condition and may require substantial repairs at the buyer's expense

The correct answer is: The vehicle is not represented as being in roadworthy condition and may require substantial repairs at the buyer's expense

The term "as is" means that the vehicle is being sold without any guarantees or warranties. This means that the seller is not responsible for any issues or repairs that may be needed after the purchase. Option A is incorrect because it refers to the production of the vehicle, not the condition in which it is being sold. Option B is incorrect because the ability to loan the vehicle is not related to its condition. Option C is incorrect because the lack of warranty is specifically what "as is" indicates.