Colorado Car Sales Practice Test

What defines a used motor vehicle dealer's intent?

1. A person who sells new motor vehicles

2. A person who attempts to negotiate a sale of a vehicle for profit

3. A person who acts solely as a buyer agent

4. A person who only sells vehicles to wholesalers

The correct answer is: A person who attempts to negotiate a sale of a vehicle for profit

The intent of a used motor vehicle dealer is primarily defined by their objective to negotiate the sale of vehicles for profit. This means that the dealer engages in activities that facilitate the sale of used vehicles, actively promoting and selling them with the goal of making a financial gain. This encompasses actions such as negotiating prices, showcasing vehicles, and completing sales transactions, all central to the dealer's business model. In contrast to the other options, which do not accurately represent the role of a used car dealer, a person selling new vehicles is not categorized as a used motor vehicle dealer. Similarly, acting solely as a buyer agent indicates a role that does not involve selling vehicles, and selling exclusively to wholesalers does not reflect the broader intention to sell directly to consumers for profit. Thus, the focus on profit-driven negotiation distinctly captures the essence of a used motor vehicle dealer's intent in the marketplace.