Colorado Sales License Practice Test

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Question: 1 / 400

What are dealers required to include in lease advertisements?

Total cost of the vehicle

Annual mileage restrictions

Repayment terms

In lease advertisements, dealers must disclose the repayment terms, which detail the structure of the financial obligation the lessee will incur. These terms typically include the monthly payment amount, the length of the lease, and other financial details essential for the consumer to understand the total financial commitment involved in leasing the vehicle. Including repayment terms is crucial as it provides transparency, allowing consumers to compare different leasing offers effectively and make informed decisions.

The other options—total cost of the vehicle, annual mileage restrictions, and dealer reputation—while potentially relevant in other contexts of vehicle purchasing or leasing, are not mandated components of lease advertisements under regulations designed to protect consumers from misleading information.

Colorado Sales License Practice Test

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