For how long must dealers keep transaction records according to VC 11715?

Study for the DMV Used Car Dealership Test. Prepare with flashcards and multiple choice questions. Each question includes hints and explanations. Get ready to ace your exam!

Dealers must retain transaction records for 36 months according to VC 11715. This requirement ensures that there is a reliable and accessible history of all vehicle transactions, which can be vital for various regulatory purposes, dispute resolutions, audits, and maintaining the integrity of the dealership's operations. Keeping records for three years helps to ensure compliance with state laws and provides a standard timeframe that balances the need for documentation with practical considerations for record maintenance. This duration allows for a thorough review of transactions if necessary, supporting both consumer rights and the dealership's accountability in the vehicle sales process.

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