Question

Dealers must disclose known damage repairs in excess of how much?

a) $500
b) $1,000
c) $1,500
d) $2,000

Answer 1

Dealers must disclose known damage repairs in excess of $1,500 to ensure transparency and enable informed decisions by buyers.Thus the correct option is c) $1,500.

Step-by-step explanation:

In many jurisdictions, dealers are typically required to disclose known damage repairs in excess of $1,500. This threshold is established to ensure that buyers receive essential information about the vehicle's history, allowing them to make informed decisions. The $1,500 limit serves as a reasonable benchmark, striking a balance between transparency in transactions and practicality for dealers. It helps buyers assess the extent of prior damages and make decisions based on the vehicle's condition and repair history.

This disclosure requirement contributes to a fair and transparent used car market, promoting trust between buyers and sellers. It is crucial for dealers to adhere to such regulations to uphold ethical business practices and maintain a positive relationship with customers.The correct option is c.