Wisconsin Motor Vehicle Salesperson Manual Practice Test

Can the customer cancel the vehicle purchase contract during the "cooling off" period?

1. Only if they pay a penalty

2. Yes

3. No

4. Only with dealer consent

The correct answer is: Only if they pay a penalty

During the "cooling off" period, customers have the option to cancel a vehicle purchase contract and receive a full refund without any penalty. Option B and D are incorrect because they suggest that there is no penalty or dealer consent required to cancel during this period, which is not true. Option C is incorrect because it suggests that customers are not allowed to cancel during this period at all, which is also not true. Option A is the most accurate because it acknowledges that there is a penalty involved, but still allows for cancellation during the cooling off period.