Study Guide - Processing Fee
1. The "Processing Fee" is:
A. Required by law.
B. Authorized by the Department of Motor Vehicles.
C. Approved by the Attorney General.
D. A charge by a dealer for processing a transaction.
Dealer may charge a processing fee for processing a transaction.
2. If a dealer charges a processing fee it:
A. Must be posted in the public sales area.
B. Cannot be more than $250.
C. A and B above.
If a dealer charges a processing fee it must be posted in the public sales area.
3. The dealer processing fee is:
A. Not subject to a tax.
B. Subject to the 3% motor vehicle sales and use tax.
C. Subject to the 4.5% motor vehicle sales and use tax.
The dealer processing fee is subject to the 3% motor vehicle sales and use tax.
