OMVIC Practice Test

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Prepare for the OMVIC Practice Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your OMVIC exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What should be considered when using a vehicle history report?

The vehicle's market value
The strengths and weaknesses of the report
The cost of the report
The dealer's commission

The correct answer is: The strengths and weaknesses of the report

It is important to consider the strengths and weaknesses of a vehicle history report because it is a comprehensive document that outlines important information about a vehicle's past including accidents, ownership history, and maintenance records. By understanding the strengths and weaknesses of the report, you can better evaluate whether it is a reliable source of information for your decision-making process. Option A, the vehicle's market value, is not as relevant when using a vehicle history report because the report focuses on the history and condition of the vehicle rather than its current market value. Option C, the cost of the report, may be a consideration for some, but it is not directly related to the usefulness and accuracy of the report. Option D, the dealer's commission, is not relevant to using a vehicle history report as it is a document that is obtained independently from the dealer.