Wisconsin Motor Vehicle Salesperson Manual Practice Test

The Dealer Supplemental Price Label lists which of the following?

1. Any dealer service fee

2. Any optional equipment or accessories installed by the dealer

3. Any price changes from the MSRP including dealer mark-up

4. All of the above

The correct answer is: All of the above

The Dealer Supplemental Price Label serves as an important tool for both transparency and consumer protection in the vehicle purchasing process. It provides a clear breakdown of additional costs and services associated with the vehicle beyond the Manufacturer's Suggested Retail Price (MSRP). This label includes any dealer service fees, which can vary from one dealer to another and may cover various administrative tasks associated with selling the vehicle. In addition, it outlines any optional equipment or accessories that the dealer has installed or made available for the vehicle, giving buyers a complete view of what features they are paying for. Moreover, the label accounts for any price changes from the MSRP, specifically highlighting any dealer mark-up. This is vital information for the consumer, as it reflects any adjustments to the vehicle's pricing that may not be immediately apparent from the MSRP alone. By encompassing all these aspects—dealer service fees, optional dealer-installed equipment, and price adjustments—this label ensures that potential buyers have a comprehensive and transparent view of the total cost of the vehicle they are considering. This fosters informed consumer decisions and promotes fairness in the purchasing process.