True or False: A dealer's processing fee must be disclosed in an advertisement when the advertised price includes the processing fee.

Prepare for the Virginia MVDB Dealer Operator Test with comprehensive materials. Utilize flashcards and multiple-choice questions that include hints and in-depth explanations. Start your preparation now!

In the context of advertising for vehicle sales, when a dealer includes a processing fee in the advertised price, it is essential that this fee be clearly disclosed. This requirement is designed to promote transparency and ensure that consumers are fully aware of the total cost they will be incurring when purchasing a vehicle. By disclosing the processing fee within the advertisement, it helps prevent any misleading information regarding the final price.

Failure to disclose such fees can lead to misunderstandings or perceptions of hidden charges, which can damage the dealer's reputation and potentially violate consumer protection laws. This is why the statement is true; any fees included in the advertised price must be explicitly stated to maintain clear communication with potential buyers.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy