need straight answers ??? follow us on twitter @gotplates

car dealer plates ???

dmv auction access ???

used car dealer insurance ???

used car dealer bond ???

personal use tax ???

our resident expert Joseph

runs the gotplates twitter account

we can answer your car dealer license questions

dmv certified car dealer education

gotplates.com

800-901-5950

#1cardealerschool

+++

redstar

car dealer license checklist from gotplates.com

DMV Car Dealer Licensing Checklist

+++++
The process can be broken down into three steps:
Dealer Class, Practice Exam & Certificate
Getting your bond & submitting an Application
Final location inspection by your DMV Inspector

+++++
Here is a list of everything:
· Dealer Education School, Call TriStar Motors
800 – 901 – 5950 and to attend obtain your Certificate.
· Register On-Line at www.gotplates.com

+++++
Everyone must take the New Dealer Class,
http://www.dmv.ca.gov/pubs/vctop/d05/vc11704_5.htm

· Obtain the DMV Inspector’s number for your area and
leave a message to schedule the examination.
The DMV website @ www.dmv.ca.gov

+++++
Then from the dmv website, www.dmv.ca.gov,

the student must find the:
list of DMV inspectors,
http://www.dmv.ca.gov/fo/inspector_office.htm
application for dealers license,
http://www.dmv.ca.gov/vehindustry/ol/forms/vehicledealer.htm
list of registration forms,
http://www.dmv.ca.gov/forms/formsreg.htm

+++++

· Pay $ 16. and pass the DMV exam.

When you have studied and are prepared for the
DMV dealer examination the student will make an
appointment with the DMV Inspector.

The student will
need to take their:
CA photo ID & TriStar issued DMV Certificate of Completion.
The DMV dealer test is 30 minutes long, 40 questions,
multiple choice.
The student must get 28 correct out of 40, 70%, and
three chances are allowed on one certificate.
If the student does not pass, TriStar supplemental
training is always FREE.
If the student fails the test three times, TriStar will
make a full refund.

+++++
· Choose the Name, Location and Type of dealership.
Once the testing is complete the student begins to
build the business.

+++++
Every dealer needs to choose a name of the
dealership and a location.

+++++
Every dealer MUST have an office.

+++++
Every dealer needs to choose the type of dealership
and vehicle type with endorsements.
Dealer types: Retail or Wholesale Only
( Retail includes Wholesale )
Vehicle Types: A/C cars and trucks
M/C motorcycles
ATV all terrain vehicles
MH motorhome
Rec T recreational trailer
Trl trailer
SM snowmobile

+++++
Endorsements: AutoBroker

+++++
· Obtain the Zoning Verification Letter.
Every dealer must have their location zoning
approved, using the proper DMV form, by the local
planning authority for the office location.
The proper zoning
form:

http://www.dmv.ca.gov/forms/ol/ol902.pdf

+++++
· File a Fictitious Name Statement with the county clerk
and have it published in a local paper.
The dealer must file a Fictitious Name Statement with
the county clerk of jurisdiction for the office location.
A list of California county websites:
http://www.csac.counties.org/default.asp?id=7·

+++++

Obtain a Surety Bond in the amount of $ 50,000.
Wholesale & less than 25 cars/ year then $ 10,000.
The surety bond is a promise by the dealer to honor
all obligations on behalf of the dealership, including
DMV fees and penalties, State sales tax and a
judgment by any court against the dealership.
Cash, Savings or a Bond may be posted.
Your credit report will set the Bond Premium
Some credit scores will require collateral.
The DMV form needed to submit your bond:
http://www.dmv.ca.gov/forms/ol/ol25.htm
If less than 25 cars per year & wholesale only:
http://www.dmv.ca.gov/forms/ol/ol25b.pdf

+++++
· Obtain a Business License
The city or county issuing the zoning permission letter
will usually require a business license.
· Obtain a Live Scan Fingerprint Card.
To obtain a location check:

http://ag.ca.gov/fingerprints/publications/contact.php

DMV Live Scan information:
http://www.dmv.ca.gov/vehindustry/ol/livescan.htm
DMV Sample Live Scan Form
http://dmv.ca.gov/forms/ol/dmv8016.pdf

+++++

Obtain a Board of Equalization Seller’s Permit.
To obtain a location of a field office:
http://www.boe.ca.gov/info/phone.htm
Board Information on Registration:
http://www.boe.ca.gov/info/reg.htm#sales
Application Form:
http://www.boe.ca.gov/pdf/boe400spa.pdf

+++++
· Complete the Application and have someone read it
over for you to look for errors and omissions.

Ask your
DMV Inspector if you can FAX it in for review.
· Call the DMV Inspector and submit the Application with
your Bond Declaration Form. You must have a Bond in
place to submit your application. If you wish to be
considered for a temporary license, you must have all
photos completed as well.
list of DMV inspectors,
http://www.dmv.ca.gov/fo/inspector_office.htm
DMV photo requirements:
http://dmv.ca.gov/vehindustry/ol/photoreq.htm

+++++
Generally you will need:
11 photos for retail
8 for wholesale, 9 for wholesale with a broker endorsement

 They are:

1 Building photo
2 Outside sign photo ®
3 Display area photo ®
4 Office
5 Business License posting photo
6 Resale Permit posting photo
7 Telephone
8 Interior Signs ®
9 Locked Cabinet
10 Checkbook
11 Dealer Book

+++++
· Build your office before you contact the DMV Inspector
for final inspection and clearance.

+++++
· Obtain a phone and have a phone line installed in the
name of the dealership, including a 411 listing.

+++++
· If retail, Obtain and install exterior signs.
One sign if sole user of the location.
Multiple signs if mixed use at the location.

+++++
· If retail, Install the three Office Signs provided by TriStar

The No Cooling Off Period Notice to Public

The Inspection of Vehicle Notice to Public

Car Buyer Bill of Rights Disclosure

+++++

 Create a locked cabinet, desk drawer, file cabinet or safe to store DMV report of sale forms.

+++++

· Open a Bank Account in the name of the dealership.

+++++
· Label a thick 3 ring binder as your dealer book.

This book will hold for all updates sent by the DMV, all ROS
forms you might have to void & your broker log. ·

For registration forms write to:
DMV Forms Office
P.O. Box 932242, Sacramento,CA, 94232
Use the list of forms from the DMV website & add the
REG 262 to the list.
list of registration forms,
http://www.dmv.ca.gov/forms/formsreg.htm
Draft a letter on your dealer letterhead including a
copy of your DMV certificate of completion requesting
25 of each listed form.
These forms are sent at no charge.

+++++
· Contact for forms & disclosures.
Their website for dealer forms:
http://licenseframegirl.com

+++++
The four forms needed:

+++++
conditional sales contract CA553
English copy, 4 per set, latest version
Spanish Copy, 1 per set, latest version

+++++
as-is no warranty for Federal Buyers Guide, 327D
English copy, latest version
Spanish Copy, latest version

+++++

car buyer bill of rights option form
English copy, latest version
Spanish Copy,latest version

+++++

Not for Sale Sticker

+++++

· Create & have ready photos of your setup.
Instruction on photos @
http://www.dmv.ca.gov/vehindustry/ol/photoreq.htm

+++++
· Final inspection follows in 90 – 120 days following
clearance from Sacramento.
The DMV Inspector will call you for an inspection appointment.
· When you pass inspection you will receive your:
dealer number
wall license
car dealer license special plates
report of sale forms, for your type of license.

+++++

good luck

Joseph

gotplates.com

800-901-5950

please call

why is a bond required to get my car dealer license ???

1. Auto dealer bonds reinforce industry regulations.

 

Since they’re required before auto dealers can apply for their licenses, auto dealer bonds fall into the license and permit surety category. Government agencies that regulate a wide array of industries establish license and permit bond requirements as a way to ensure working professionals follow industry regulations. Surety bonds are also legally binding contracts, so failing to follow industry regulations is much more than just breaking a rule or two; it’s breaking a contract. When surety contracts are broken, bonded professionals face penalties such as fines, license revocation, and even legal action.

 

2. Surety bonds keep unqualified individuals from working in the market.

 

Insurance underwriters don’t just issue bonds to anybody who needs one. The application process can be rigorous. Surety bonds function as lines of credit; as such, underwriters intend to limit the likelihood that claims will be made. If an applicant is perceived to be risky, the surety provider might charge a higher premium to offset the increased risk or simply refuse to issue the bond altogether. Individuals who cannot qualify for or afford the surety bonds they need won’t be allowed to apply for their licenses. As such, the application process keeps financially unstable individuals from working in the market.

 

3. Surety insurance protects against financial loss.

 

When dealers fail to follow the terms of their bonds, the government wants to ensure harmed consumers will have the ability to collect reparation. Bond funds can be used to reimburse consumers harmed as a result of the negligence, or they can be used to pay for the fines government agencies charge business owners who fail to follow laws. Claims might be made on DMV bonds for a number of reasons, but they all stem from a dealer’s intentional violation of a law relating to the sale, distribution or financing of motor vehicles. At first, having to purchase a surety bond might seem like just another annoyance to auto dealers. However, with a basic understanding of how dealers bonds work, dealers can come to recognize the three key purposes they serve in the market.

 

are you in the market for a red ferrari ???

California Auctions $16 Million Ferrari

Ferrari Testa Rossa was auctioned in California for more than $16 million, making the red Ferrari 1957 sports car the most expensive auto ever sold at an automobile auction.

The race car is a Ferrari prototype and the first Testa Rossa ever built, with a 300-horsepower 3.0-liter V-12 engine and a 4-speed manual transmission.

Spectators at the Pebble Beach Concours d’Elegance in Monterey, California erupted in a roar as a staggering price was reached in the final bid but, shortly afterward, an anonymous buyer offered a record-breaking $16.4 million for the classic Ferrari automobile.

Auctioneers Gooding & Company were as surprised as everyone else at the shocking $16,390,000 winning bid for the classic 1957 Ferrari.

The red Ferrari 250 Testa Rossa is a former Concours d’Elegance first-place winner, and the vehicle will now be added to the anonymous buyer’s extensive investment portfolio.

California has a world record-setting love for its cars, indeed.

$16 Million 1957 Ferrari Testa Rossa

got car dealer license plates ???

Pre-Licensing Dealer Class

modesto car dealer school from gotplates.com

do you want to learn from a qualified team of professionals ???

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we make it easy for you

tuesday and sunday afternoons in downtown modesto

800-901-5950

Car Dealer School

 


dmv vin verifier training

ARE YOU CONSIDERING BECOMING A DMV VIN VERIFIER LICENSED IN CALIFORNIA ???

come to our LA CAR DEALER CLASS with CLAUDIA PATTON

310- 216-1438

ONCE YOU FINISH OUR CAR DEALER CLASS

WE TAKE ADDITIONAL STEPS TO TEACH YOU THE DMV VIN VERIFICATION PROCESS

TOTAL PRICE $ 300.

INCLUDES TRAINING, DMV REGISTRATION HANDBOOK AND SAMPLE FORMS

we are gotplates.com at 800-901-5950

Which Class would you like?

Pre-Licensing In Person Class Choices:
$100.00 – New Dealer Class*
SPECIAL OFFER Register and pay for class online when you register. Take our online tutorial before coming to class & get $100.00 off your tuition. Must show completion certificate and receipt of payment in class.

$200.00 – New Dealer Class*

$300.00 – Private New Dealer Class

*New Dealer Classes must be completed In-Person.
DMV REGISTRATION SERVICE LICENSE TRAINING IS ONLY OFFERED IN LOS ANGELES
HERE ARE ALL OF THE CERTIFIED DMV CAR DEALER SCHOOLS

DMV Dealer Education Providers

Dealer education providers listed by type of class offered area (served) and name.
Area and
Type of Class Offered
Online/Home Study Continuing Education title Bay Area title Northern Area title Central Area title Southern Area title Provider
**X Auto Support Group
Phone: 1-714-588-1511
Email: E2000perez@yahoo.com
X Best Solutions
Phone: 1-619-546-4064
X X X X X Motorsports Market On-Line Courses, Live Classes and Home Study
Phone: 1-800-980-1967
Internet: www.motorsportsmarket.com
X X X X X Automotive Systems Analysis
Phone: 1-800-564-0984
Internet: www.autosystemsanalysis.com
X X X X X TriStar Motors, LLC
Phone: 1-800-901-5950
Internet: www.gotplates.com
X X 24-7 Dealer Training Specialists
Phone: 1-951-833-8398
Internet: www.24-7dealerclass.com
X X California Auto Dealer Education
Phone: 1-661-871-3311
Internet: www.cadeclasses.com
X Central Valley Dealers
Licensing Renewal Service
Phone: 1-209-333-0900
Email: chuckwentland@aol.com
X Superior Vehicle Dealer Training Institute
Phone: 1-949-305-8402
Internet: www.superiorbonds.com
X X Inland Empire/Orange County Dealer School
Phone: 1-909-880-1380
Internet: www.bigcardealer.com
X X X Dealer Training Experts of Northern California
Phone: 1-408-910-3876
Internet: www.dealersclass.com
X X X X X Dealer Intel
Phone: 1-415-613-4754
Internet: www.dealerintel.com
X X X X X $85 Dealer Education
Phone: 1-951-541-8390
Internet: www.waynesinsurance.com
X X X X Los Angeles Dealer School
Phone: 1-310-227-6920
Internet: www.dealerclass.com
*X Dealer License Seminars of San Diego
Phone: 1-619-665-6440
Internet: www.dealerseminars.com
X X X X X Golden State Educational Services
Phone: 1-916-395-7004
Internet: www.goldenstateeducation.com
X X Dealer Lessons
Phone: 1-877-772-3332
Internet: www.dealerlessons.com
X X X X X Dealer Education Services
Phone: 1-888-323-0031
Internet: www.dealereducation.com
X X Coffer Dealer Education
Phone: 1-888-694-1444
Internet: www.cofferdealereducation.com
X Cesar Carrascos Dealer Licensing Seminars
Phone: 1-619-474-0477
Internet: www.carrascogroup.com
X Colby Learning Center of San Diego
Phone: 1-619-559-5748
Email: colbylearning@aol.com
X X Dealers Support Group
Phone: 1-818-758-9951
Internet: www.dealerssupport.com
X Online Auto Dealer ED
Phone: 1-877-724-6150
Internet: www.onlineautodealered.com
X California Accredited Dealer Education
Phone: (714) 300-4148
Email:: cadeclass@aol.com

*Prelicensing only
**Continuing Education only

Last updated: 07/23/2012

dmv registration agent licensing checklist

A REGISTRATION SERVICE ORIGINAL APPLICATION CONSISTS OF THE FOLLOWING
FORMS:
OL 599 Registration Service Application Check List
OL 601 Application for Original Occupational License for Registration Service
OL 605 Registration Service Surety Bond
OL 29 Application for Occupational License Personal History Questionnaire, Part B
Required for each person listed under ownership on form OL 601.
OL 139 Property Use Veriication for Registration Service
ADM 9050 Appointment of Director as Agent for Service of Process
Required for each person listed under ownership on form OL 601.
DMV 8016 Request for Live Scan Service (yellow copy)
Required for each person listed under ownership on form OL 601.

+++++

THE FOLLOWING DOCUMENTS ARE ALSO REQUIRED AS PART OF THE ORIGINAL
APPLICATION PACKAGE
Corporation, Limited Liability Company, or Limited Liability Partnership Owned Businesses Only
A copy of the Articles of Incorporation, Corporate Minutes, or other document iled with the Secretary of
State which identiied the oficers, share holders and managers.
Copy of your Fictitious Name Statement
Any business that operates under a name not the actual name of the owner is required to obtain a ictitious
Name Statement from the city or county in the area where your business is located. If the responsible agency
determines this is not required, a letter supporting such from that agency is needed.
Signed Copy of Lease or Rental Agreement. Proof of Property Ownership May Be Required.
Copy of your City and/or County Business License
Applicants are required to obtain a city or county business license by the city or county licensing section
in the area where your business is located.
Photograph(s) of Business Location

ADDITIONAL ITEMS
The following items are also needed as part of the application package. After you have arranged an appointment
with an Occupational Licensing Inspector he or she will conduct the following inspections to ensure your
registration service meets the requirements:
“Established Place of Business” Inspection
The business location where the books and records pertinent to the type of business are kept designated
at the principal place of business by the holder of the applicant for a registration service license.
CCR, Title 13, Section 330.00 (d) and 330.48 et seq., and 330.50 et seq., and CVC Section 320 (c), 1670, 11406 et seq. and
11407 et seq.
“Sign” Inspection
Sign or device shall provide information relating to the licensed entity by its exact irm name as shown
in departmental records at the registration service’s place of business.

Sign must be displayed on the ofice door, building directory, when there is such a directory, and at the
principal place of business or any branch ofice receiving clients which is located in a building housing
more than one business. CCR Section 330.24 et seq.
“Zoning” Inspection
Business location shall be zoned for the type of business you wish to conduct.
Contact your local or city zoning ofice to determine if the location is zoned for a registration service
business.
If applying for a license to conduct business from your residence, you must obtain a home occupation
business license from your local city or county business license ofice.
Business Records Inspection
Business Records shall include all of the following information:
Name, address and license number of registration service.
Name and address of every employee who performs registration work.
Name and address of each client for whom registration work was performed.
Identity of every vehicle by year, make, type, license number, and vehicle identiication number on
which registration work was performed.
Amount of registration fees or payments collected for each vehicle on which registration work was
performed, including the method of payment to the registration service.
Amount of registration fees or payments submitted to the department for each vehicle on which registration
work was performed, including the date and method of payment of the refund or additional charge by
or to the client, the registration service, or the department.
Amount of any refunds or additional charges on registration fees or payments collected for each vehicle
on which registration work was performed, including the date and method of payment of the refunds or
additional charge by or to the client, the registration service, or the department.
Name, signature, or initials of each employee performing work on each transaction and the date the work
was done.
Cost to each client for the registration work performed on each of the client’s vehicles.
In lieu of above information, a registration service may retain a copy of the listing sheet approved by the
department for transmitting registration documents to the department.

car dealers will pay you to go to the dmv for them

WHAT IS A REGISTRATION SERVICE?
A “registration service” is a person engaged in the business of processing for the public applications for
registration, transfer of ownership, registration renewals, conducting lien sales, and processing dismantler
documents.
California Vehicle Code (CVC) Section 505.2 and 11400 et seq., and California Code of Regulations (CCR), Title 13, Section 330.00
et seq.

dmv registration service license training

ARE YOU CONSIDERING BECOMING A DMV REGISTRATION SERVICE LICENSED IN CALIFORNIA ???

come to our LA CAR DEALER CLASS with CLAUDIA PATTON

310- 216-1438

ONCE YOU FINISH OUR CAR DEALER CLASS

WE TAKE ADDITIONAL STEPS TO TEACH YOU THE DMV REGISTRATION PROCESS

TOTAL PRICE $ 300.

INCLUDES TRAINING, DMV REGISTRATION HANDBOOK AND SAMPLE FORMS

we are gotplates.com at 800-901-5950

Which Class would you like?

Pre-Licensing In Person Class Choices:
$100.00 – New Dealer Class*
SPECIAL OFFER Register and pay for class online when you register. Take our online tutorial before coming to class & get $100.00 off your tuition. Must show completion certificate and receipt of payment in class.

$200.00 – New Dealer Class*

$300.00 – Private New Dealer Class

*New Dealer Classes must be completed In-Person.
DMV REGISTRATION SERVICE LICENSE TRAINING IS ONLY OFFERED IN LOS ANGELES
HERE ARE ALL OF THE CERTIFIED DMV CAR DEALER SCHOOLS

DMV Dealer Education Providers

Dealer education providers listed by type of class offered area (served) and name.
Area and
Type of Class Offered
Online/Home Study Continuing Education title Bay Area title Northern Area title Central Area title Southern Area title Provider
**X Auto Support Group
Phone: 1-714-588-1511
Email: E2000perez@yahoo.com
X Best Solutions
Phone: 1-619-546-4064
X X X X X Motorsports Market On-Line Courses, Live Classes and Home Study
Phone: 1-800-980-1967
Internet: www.motorsportsmarket.com
X X X X X Automotive Systems Analysis
Phone: 1-800-564-0984
Internet: www.autosystemsanalysis.com
X X X X X TriStar Motors, LLC
Phone: 1-800-901-5950
Internet: www.gotplates.com
X X 24-7 Dealer Training Specialists
Phone: 1-951-833-8398
Internet: www.24-7dealerclass.com
X X California Auto Dealer Education
Phone: 1-661-871-3311
Internet: www.cadeclasses.com
X Central Valley Dealers
Licensing Renewal Service
Phone: 1-209-333-0900
Email: chuckwentland@aol.com
X Superior Vehicle Dealer Training Institute
Phone: 1-949-305-8402
Internet: www.superiorbonds.com
X X Inland Empire/Orange County Dealer School
Phone: 1-909-880-1380
Internet: www.bigcardealer.com
X X X Dealer Training Experts of Northern California
Phone: 1-408-910-3876
Internet: www.dealersclass.com
X X X X X Dealer Intel
Phone: 1-415-613-4754
Internet: www.dealerintel.com
X X X X X $85 Dealer Education
Phone: 1-951-541-8390
Internet: www.waynesinsurance.com
X X X X Los Angeles Dealer School
Phone: 1-310-227-6920
Internet: www.dealerclass.com
*X Dealer License Seminars of San Diego
Phone: 1-619-665-6440
Internet: www.dealerseminars.com
X X X X X Golden State Educational Services
Phone: 1-916-395-7004
Internet: www.goldenstateeducation.com
X X Dealer Lessons
Phone: 1-877-772-3332
Internet: www.dealerlessons.com
X X X X X Dealer Education Services
Phone: 1-888-323-0031
Internet: www.dealereducation.com
X X Coffer Dealer Education
Phone: 1-888-694-1444
Internet: www.cofferdealereducation.com
X Cesar Carrascos Dealer Licensing Seminars
Phone: 1-619-474-0477
Internet: www.carrascogroup.com
X Colby Learning Center of San Diego
Phone: 1-619-559-5748
Email: colbylearning@aol.com
X X Dealers Support Group
Phone: 1-818-758-9951
Internet: www.dealerssupport.com
X Online Auto Dealer ED
Phone: 1-877-724-6150
Internet: www.onlineautodealered.com
X California Accredited Dealer Education
Phone: (714) 300-4148
Email:: cadeclass@aol.com

*Prelicensing only
**Continuing Education only

Last updated: 07/23/2012

@gotplates on twitter for your car dealer licensing answers

car dealer plates ???

dmv auction access ???

used car dealer insurance ???

used car dealer bond ???

personal use tax ???

our resident expert Joseph

runs the gotplates twitter account

we can answer your car dealer license questions

dmv certified car dealer education

gotplates.com

800-901-5950

#1cardealerschool

+++

redstar

call us if you need a teacher who speaks spanish

we are the leaders in

dmv certified car dealer education

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800-901-5950

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we offer a downloadable spanish handbook after the class

Click here for Crows Landing class dates

you may call the instructor direct

Jorge Elizalde

El Tio Auto Sales

209-538-1789

got1

NMVTIS glossary

+++++

 

NMVTIS Glossary

 

Anti-Car Theft Act: Act passed in 1992 to prevent and deter auto theft. Title II of the Act authorizes NMVTIS and is intended to address automobile title fraud. The NMVTIS Final Rule was published in the Federal Register on January 30, 2009.

Auto Recycler: A business that acquires vehicles for recycled use as parts, scrap, or similar purposes.

Brand: Descriptive labels regarding the status of a motor vehicle, such as “junk,” “salvage,” and “flood” vehicles.

Certificate of Title (Title): A document issued by a state showing ownership of an automobile.

Consumer: The individual or entity buying an automobile or financing the purchase of an automobile. Consumers include private individuals, dealers, auction companies or entities engaged in the business of purchasing used automobiles, lenders financing the purchase of new or used automobiles, and automobile dealers.

Insurance Carrier: An individual or entity engaged in the business of underwriting automobile insurance.

Junk Automobile: An automobile that:
(A) Is incapable of operating on public streets, roads, and highways; and
(B) Has no value except as a source of parts or scrap.

Junk Yard: An individual or entity engaged in the business of acquiring or owning junk automobiles for:
(A) Resale in their entirety or as spare parts; or
(B) Rebuilding, restoration, or crushing.

NMVTIS Operator: The individual or entity authorized or designated as the operator of NMVTIS under 49 U.S.C. 30502(b), or the office designated by the Attorney General, if there is no authorized or designated individual or entity.

Purchaser: The individual or entity buying an automobile or financing the purchase of an automobile. Purchasers may be private citizens, dealers, auction companies or entities engaged in the business or purchasing used automobiles, lenders financing the purchase of new or used automobiles, and automobile dealers.

Salvage Automobile: An automobile that is damaged by collision, fire, flood, accident, trespass, or other event, to the extent that its fair salvage value plus the cost of repairing the automobile for legal operation on public streets, roads, and highways would be more than the fair market value of the automobile immediately before the event that caused the damage. Salvage automobiles include automobiles determined to be a total loss under the law of the applicable jurisdiction or designated as a total loss by an insurer under the terms of its policies, regardless of whether or not the ownership of the vehicle is transferred to the insurance carrier.

Salvage Pool: An entity that acquires junk and salvage automobiles from a variety of parties and consolidates them for resale at a common point of sale.

Salvage Yard: An individual or entity engaged in the business of acquiring or owning salvage automobiles for:
(A) resale in their entirety or as spare parts; or
(B) rebuilding, restoration, or crushing.

This definition includes scrap vehicle shredders and scrap metal processors, as well as “pull- or pick-apart yards,” salvage pools, salvage auctions, and other types of auctions, businesses, and individuals that handle salvage vehicles (including vehicles declared a “total loss”).

Total Loss: The cost of repairing such vehicles plus projected supplements plus projected diminished resale value plus rental reimbursement expense exceeds the cost of buying the damaged motor vehicle at its pre-accident value, minus the proceeds of selling the damaged motor vehicle for salvage.

VIN: Vehicle Identification Number; a unique number given to each motor vehicle for identification purposes.

Car Dealer Auto Broker Training

+++

LEARN HOW TO BECOME A LICENSED AUTO BROKER

gotplates.com

800-901-5950

+++

Autobroker s Endorsement

An autobroker’s endorsement requires payment of fees as required by subdivision (d) of Section 9262 of the California Vehicle Code.

A dealer may not engage in brokering a retail sales transaction without having an autobroker’s endorsement to their dealer’s license.

Upon issuance of an autobroker’s endorsement to a dealer’s license, the department shall furnish the dealer with an autobroker’s log.  The autobroker’s log remains the property of the department and may be taken at any time for inspection.

The autobroker’s log must contain the following information with respect to each retail sale brokered by that dealer:

  • Vehicle identification number of brokered vehicle
  • Date of brokering agreement
  • Selling dealer’s name, address, and dealer number
  • Name of consumer
  • Brokering dealer’s name, address, and dealer number (CVC Section 11735)

A dealer who brokers a motor vehicle sale shall deposit directly into a trust account any purchase money, including purchase deposits, it receives from a consumer or a consumer’s lender.

  • All trust accounts required by CVC Section 11737 shall be maintained at a branch of a bank, savings and loan association, or credit union regulated by the state or the government of the United States.

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crows landing car dealer licensing school ( taught in spanish )

we are the leaders in

dmv certified car dealer education

gotplates.com

in response to high demand

we are now offer a spanish language car dealer class

in modesto at crows landing for those who prefer a spanish teacher

we offer a downloadable spanish handbook after the class

Click here for Crows Landing class dates

you may call the instructor direct

Jorge Elizalde

El Tio Auto Sales

209-538-1789

got1

5 helpful tips for getting your DMV wholesale car dealer license

  1. Sign up for our 6 hour Car Dealer Pre-Licensing Class. Follow the steps that you are taught, and then get approved by the California DMV as a wholesale dealer.
  2. Utilize the Web. Did you know that most wholesale dealers search the internet prior to purchasing a vehicle? A good wholesaler will recognize a low priced car at auction buy it and resell it a week later at the same auction.
  3. Keep in mind that delivery of the vehicle to the buyer must occur at the sellers licensed location. Some wholesalers will buy seasoned stock ( vehicles which are front line ready on a retailers lot but approaching 60 days in inventory ) and swap them out for vehicles freshly obtained. This allows the used car sales manager to restart the clock on that seasoned stock. These deals are often done book for book, the wholesaler ends up with added value. In a front line ready car the wholesaler can sell to another dealer, but it will often take a series of these book for book trades before you can actually see profits. Many small used car lots do not have the time to go to auction. A good wholesaler can stock these smaller lots and make a small profit on each car.
  4. Don’t ever consign a vehicle to another dealer. The wholesale license is a good starting place for the beginner; lesser bond, easier zoning and access to the market. Dealer plates and insurance are included in the wholesale package but as a wholesaler one can only buy and sell within the industry. That means as a wholesaler you can sell only to other dealers, there is no buying off the street. If and when a wholesaler has a vehicle to sell to the public he/she may draft that sale through a licensed retailer, this is call this a drafted sale.
  5. Remember the drafted sale creates liability for the retailer. Typical draft fee is $ 500. We advise the following: no loss selling ( wholesaler must sell higher than acquisition cost ), smog safety and verification provided by wholesaler, wholesaler as contact person on the buyers guide, statement from wholesaler assuming all liability if customer is not happy. Then the retailer collects and pays all taxes and fees, and sends the documents to DMV for processing.

Tips

  • Wholesale Dealers cannot sell to the Public (only to other Car Dealers).
  • Wholesale Car Dealers have a lower bond requirement and spend less on insurance.
  • When selling to the public you must use a Drafted Sale.
  • Wholesale dealers provide a much needed asset to the retail car market. Wholesalers provide cars to retail dealers and often facilitate trades among dealers. A good car buyer will make a little on each car (perhaps $ 300), but can only sell up to 24 cars in one year.

Related wikiHows

Sources and Citations

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zoning and bond issues solved at the @gotplates #realcardealerschool

imagine this

a real car dealer teaching car dealer school

would you be surprized to know

we are the only licensed retail car dealers

certified to teach car dealer education

we are not attorneys

we are not tax advisors

we are not bond agents

we are not insurance salespeople

we are not selling you car dealer forms

WE TEACH CAR DEALER SCHOOL

with real life experience

we specialize in california dmv certified car dealer license training

no one does it better

getting started requires our

Car Dealer Class

and

Your Car Dealer Bond

$ 10,000 baby bond for wholesale only and retail motorcycles

$ 50,000 dealer bond for unrestricted wholesale, retail selling and auto-brokering

Click here for an immediate car dealer bond quote

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taught by real car dealers

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retail / autobroker car dealer license

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dmv certified car dealer school

we are not attorneys

we are not selling forms

we are not bond agents

we do not sell insurance

we have no software for you

learn how to get licensed from the

#realcardealerschool

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800-901-5950

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fremont car dealer classes

michael is our instructor for fremont

714-797-5780

every other thursday evening in fremont

http://gotplates.com/cities.php?city=Fremont

every other friday evening in san mateo

http://gotplates.com/cities.php?city=San%20Mateo

one saturday every month in pleasanton

http://gotplates.com/cities.php?city=Pleasanton

800-901-5950

at your service

los angeles car dealer school by claudia patton, retired dmv training manager

claudia patton, retired dmv training manager

is our instructor for west los angeles

2528 south sepulveda boulevard

310-236-1438

every other friday at 11am

one saturday per month at noon

http://gotplates.com/cities.php?city=Los%20Angeles

we make it simple for you

800-901-5950