What forms are required by dealers for the sale of a new vehicle?

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!

The required forms for the sale of a new vehicle include the REG 101 (Application for Title or Registration), REG 262 (Vehicle/Vessel Transfer and Reassignment Form), the manufacturer's certificate of origin, and a purchase agreement. These documents are essential in facilitating the legal transfer of ownership and proper registration of the vehicle.

The REG 101 is crucial as it serves as the application for the vehicle's title and registration with the DMV. The REG 262 is used for transferring ownership and can also handle reassignments of the title. The manufacturer's certificate of origin is a legal document that certifies a vehicle's manufacturing details and is necessary to establish its authenticity for registration. Lastly, the purchase agreement outlines the terms of the sale between the dealer and the buyer, ensuring that both parties are clear on the conditions of the transaction.

The other options do not provide the complete set of necessary documentation required for a new vehicle sale as specified in DMV regulations, which is why they would not fulfill the legal requirements for this process.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy