Course Curriculum

  • 1

    Lesson #1 : Motor Vehicle Sales Finance

    • Objective

    • California Civil Code, Chapter 2B-Section 2981 of Title 14 of Part 4-1

    • California Civil Code, Chapter 2B-Section 2981 of Title 14 of Part 4-2

    • California Civil Code, Chapter 2B-Section 2981 of Title 14 of Part 4-3

    • California Civil Code, Chapter 2B-Section 2981 of Title 14 of Part 4-4

    • California Civil Code, Chapter 2B-Section 2981 of Title 14 of Part 4-5

    • California Civil Code, Chapter 2B-Section 2981 of Title 14 of Part 4-6

    • California Civil Code, Chapter 2B-Section 2981 of Title 14 of Part 4-7

    • California Civil Code, Chapter 2B-Section 2981 of Title 14 of Part 4-8

    • California Civil Code, Chapter 2B-Section 2981 of Title 14 of Part 4-9

    • California Civil Code, Chapter 2B-Section 2981 of Title 14 of Part 4-10

    • California Civil Code, Chapter 2B-Section 2981 of Title 14 of Part 4-11

    • California Civil Code, Chapter 2B-Section 2981 of Title 14 of Part 4-12

    • California Civil Code, Chapter 2B-Section 2981 of Title 14 of Part 4-13

    • California Civil Code, Chapter 2B-Section 2981 of Title 14 of Part 4-14

    • California Civil Code, Chapter 2B-Section 2981 of Title 14 of Part 4-15

    • California Civil Code, Chapter 2B-Section 2981 of Title 14 of Part 4-16

    • California Civil Code, Chapter 2B-Section 2981 of Title 14 of Part 4-17

    • Car Buyer’s Bill of Rights (FFVR 35)

    • Civil Code, 2B Section 2981

    • Car Buyer's Bill of Rights (FFVR 35)

    • Quiz #1
  • 2

    Lesson #2 : Vehicle History Disclosure Requirements

    • Objective

    • Chapter 4 - Disclosure of Damage

    • Disclosure of Odometer Mileage Readings

    • Prohibited “Certified” Used Vehicles

    • Fast Facts - Car Buyer's Bill of Rights

    • Odometer Mileage Reporting

    • NMVTIS - Un-Branded Title Example

    • NMVTIS Branded Title Example

    • Quiz #2
  • 3

    Lesson #3 : Motor Vehicle Financing

    • Objective

    • Terms of Financing

    • Allowable Interest Rates

    • Computation of Interest and Conversion to Annual Percentage Rate-1

    • Computation of Interest and Conversion to Annual Percentage Rate-2

    • Computation of Monthly Payments

    • Cap on Finance Mark-Up Rate (Car Buyer’s Bill of Rights-FFVR 35)

    • Civil Code, CHAPTER 2B. Automobile Sales Finance Act [2981.7, 2981.8, 2982, 2982.8]

    • Quiz #3
  • 4

    Lesson #4 : Truth in Lending

    • Objective

    • Disclosures

    • Disclosure of Credit Scores (Car Buyer’s Bill of Rights-FFVR 35)

    • Contract not Executed

    • Breach of Conditional Sales Contract

    • Repossession

    • Spanish Contracts

    • Dealer Carrying the Contract

    • Defaults on Contract

    • Documentation (DOC) Preparation Fee

    • Car Buyer's Bill of Rights (FFVR 35)

    • Quiz #4
  • 5

    Lesson #5 : Sales and Use Tax

    • Objective

    • Collection of Taxes

    • How to Compute Tax

    • What is Taxable

    • Board of Equalization/California Department of Tax and Fee Permit

    • Motor Vehicle Dealers-CDTAF

    • Quiz #5
  • 6

    Lesson #6 : Advertising

    • Objective

    • Dealer Advertising

    • All Media Methods

    • Disclosure as a Dealer in all Forms of Advertisements

    • Vehicle Identified by VIN

    • All Terms of Sale Specified

    • Certified Used Vehicles (Car Buyer’s Bill of Rights)

    • Illegal Use of Coupons or Simulated Checks

    • Withdrawal of Advertisement after Vehicle Sold

    • Advertised Price must be Honored if Buyer is not Aware of Advertisement

    • Quiz #6
  • 7

    Lesson #7 : Unlawful Dealer Activities

    • Objective

    • Use of Special Plates

    • Misuse of, or Permitting Unlawful use of Special Plates

    • Lending Dealer Supplies, and Permitting Misuse of License or Books

    • Unlicensed Location

    • Failure to Pay Administrative Service Fee (ASF)

    • Electronic Reporting Sale of a Vehicle

    • Submission of Dishonored Check to Department

    • Failure to Transfer Title

    • Employing Unlicensed Salesperson

    • Vehicle Salesperson

    • What is Bait and Switch?

    • Bait and Switch

    • Bird Dog Fees

    • Confidential Dealer Computer Records

    • Quiz #7
  • 8

    Lesson #8 : Use of Special Plates

    • Objective

    • Who Can/Cannot Use Dealer Plates

    • When to Use Dealer Plates

    • Proper Placement of Dealer Plates

    • Quiz #8