Advanced Vehicle Identification & History Analysis Flashcards
6 cards from real CVA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Advanced Vehicle Identification & History Analysis flashcards as text
When a vehicle's title history shows multiple rapid ownership transfers over a short period, what concern does this raise for a CVA?
Answer: Rapid title flipping can indicate curbstoning, title washing, or attempts to obscure the vehicle's true history
Rapid title transfers ('title flipping') can indicate curbstoning (unlicensed dealing), title washing, or intentional obscuring of odometer fraud or prior damage.
What does a 'lemon law buyback' title brand indicate about a vehicle?
Answer: The vehicle was returned to the manufacturer under a state lemon law after multiple failed repair attempts for a covered defect
A lemon law buyback brand indicates the manufacturer repurchased the vehicle after failing to repair a covered defect within the statutory number of attempts.
Which federal law requires dealers to post a Buyers Guide on used vehicles disclosing warranty terms?
Answer: FTC Used Car Rule (16 CFR Part 455)
The FTC Used Car Rule requires dealers to display a Buyers Guide on each used vehicle disclosing whether it is sold as-is or with a warranty.
A vehicle history report shows 'use as taxi' in the ownership history. How should a CVA adjust the appraisal?
Answer: Apply a significant downward adjustment reflecting accelerated wear, higher mileage accumulation patterns, and reduced buyer appeal
Taxi use indicates heavy commercial duty cycling with accelerated wear on drivetrain, suspension, and interior that warrants significant downward value adjustment.
When a CVA encounters a vehicle with a branded 'Not Actual Mileage' (NAM) title, what does this indicate?
Answer: The true mileage is unknown, typically due to a broken or replaced odometer, and the vehicle must be valued on condition rather than mileage
A NAM brand means the true mileage cannot be determined, so the appraiser must base value on physical condition, market data, and apply appropriate disclosure.
Which of the following best describes a 'fleet vehicle' and how it affects appraisal?
Answer: A vehicle operated as part of a business fleet (rental, government, corporate), typically experiencing more standardized but intensive use requiring downward mileage adjustment
Fleet vehicles receive more intensive commercial use than private vehicles, and while maintenance may be consistent, the higher usage intensity typically requires downward appraisal adjustment.