Archive for the ‘how to become a car dealer’ Category
car dealer bond 5 comments
car dealer school 1 comment
our car dealer school is an excellent way to teach the car biz 1 comment
if you have experience in the car business
and someone you know is out of work
consider becoming a wholesale car dealer
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dmv waives car dealer renewal penalties for january 2010 due to a computer glitch no comments
January Dealer Renewal Notices
New Information
January 2010 dealer renewal notifications were not issued.
The error has been identified and corrected.
Renewal notifications will be issued as soon as possible.
Penalty fees for all January dealer licenses renewals will be waived; however, dealers must still renew within the 30-day renewal grace period per California Vehicle Code (CVC) §11717(c).
License Renewal Procedures
Dealers requiring renewal must:
Visit the department’s website for licensing information at: www.dmv.ca.gov/vehindustry/ol/dealer.htm.
Complete the Renewal Application (OL 45) form available at: www.dmv.ca.gov/forms/ol/ol45.htm.
Review the mandatory dealer education requirements in the Vehicle Industry Registration Procedures Manual available at: www.dmv.ca.gov/pubs/reg_hdbk_pdf/toc.htm.
Access dealer education providers at: www.dmv.ca.gov/vehindustry/ol/dlr_edu_provider.htm.
Renew dealer license plates using the Application for License Plates, Stickers, Registration Card (OL 22) available at: www.dmv.ca.gov/forms/ol/ol22.htm.
Contact their local inspector prior to license renewal if they have added a branch office or changed a location, firm name, or ownership.
Mail the renewal application and accompanying forms to:
Department of Motor Vehicles
Occupational Licensing Section
PO Box 932342 MS L224
Sacramento, CA 94232-3420
Additional Information
Dealers with license plates that are lost, stolen, or need to be surrendered, must complete a Statement of Lost, Stolen, or Surrendered Special Plates (OL 247) available at: www.dmv.ca.gov/forms/ol/ol247.htm.
Dealer license renewal status is updated daily and can be verified on the department’s website at: https://mv.dmv.ca.gov/olinq2/welcome.do.
Background
Normally, courtesy dealer license renewal notices are sent in advance. Due to an error identified, January 2010 notices did not generate.
Distribution
Notification that this memo is available online at www.dmv.ca.gov/pubs/olin/olin.htm
was made via e-mail alert service in January 2010 to the following:
Dealers
Contact
Questions regarding this memo may be directed to the Occupational Licensing Firms Unit, at (916) 229-3126.
MARY GARCIA, DMV Chief Occupational Licensing
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renewal certification for car dealers with express mail delivery is $ 85.
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dmv penalty fee waived for january 2010 car dealer renewals
wholesale dealers may never hold or enter into consignment agreements no comments
wholesale dealers may not accept vehicles on consignment
wholesale dealers may not consign vehicles to retail car dealers
BUT
there is a legal way to broker consignments to retail car dealers
AND
wholesale dealers may sell there vehicles to a retail dealer on a promise
with a completed wholesale ROS and a promissary note
bill of sale, sales agreement, smog certificate & division 12 safety check
also suggested
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800-901-5950
automated man is not your friend
dmv announces new dealer license changes under the car buyers protection act of 2009 no comments
Occupational Licensing Industry News OLIN 2009–19 California Car Buyers’ Protection Act of 2009
New Law
Effective January 1, 2010, the California Car Buyers’ Protection Act of 2009 becomes law.
This law increases dealer, lessor-retailer, and auto broker license fees and requires a vehicle dealer to pay off the outstanding loan or lease balance on any vehicle accepted in trade within 21 calendar days.
The law further prohibits a dealer from selling, consigning for sale, or transferring a vehicle accepted in trade before the outstanding loan or lease balance has been paid.
Increases
All original and renewal dealer and lessor-retailer license fees will increase by $25. The fee to add or renew an auto broker endorsement to an existing license will increase by $50. The new fees are:
•
Dealer license, original $175
•
Dealer license, renewal $125
•
Auto Broker, original $100
•
Auto Broker, renewal $ 75
New Information
Dealers are required to pay the outstanding loan or lease balance, or other specified amount agreed upon when the vehicle acquired through purchase or in trade has a prior loan or lease balance. The dealer must pay the legal owner or lessor shown on the ownership certificate the balance or specified amount within 21 calendar days of purchasing or obtaining the vehicle in trade.
The dealer is not in violation of this section if notice of rescission of the contract is given reasonably and in good faith promptly, but no later than 21 days after the date the vehicle was purchased or obtained in trade, and the contract is thereafter rescinded on any of the grounds in Civil Code §1689.
Background
The California Car Buyers’ Protection Act of 2009 is a new law effective:
January 1, 2010.
The act increases licensing fees and imposes certain requirements when a dealer obtains a vehicle in trade with a prior loan or lease balance.
References
California Vehicle Code (CVC) §4453.5
California Civil Code §1689
Distribution
Notification that this memo is available online, at dmv.ca.gov/pubs/olin/olin.htm was made via E-Mail Alert Service in December 2009 to the following:
•
Dealers
•
Lessor-Retailers
•
Registration Services
Contact
Questions regarding this memo may be directed to the Occupational Licensing Operations Unit, at (916) 229-3126.
MARY GARCIA, DMV Chief Occupational Licensing
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we offer the best car dealer education in all of california
prices start as low as $ 100.
we make it simple for you
800-901-5950
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Should You Use a Car-Buying Concierge? 1 comment
Should You Use a Car-Buying Concierge?
Save Time and Money by Hiring a Pro
By Philip Reed, Senior Consumer Advice Editor
Email
Before we were willing to endorse car-buying expert Oren Weintraub, president of Authority Car Buying Specialists, we wanted to put him to the test.
We challenged Weintraub to buy a 2009 Ford Flex Limited for less than we could. We shopped around and got a price of $500 over invoice, which sounded pretty good for a just-released new model. Weintraub found a deal at $1,500 below invoice. This more than paid for the $695 fee he charged for his car-buying concierge services.
After seeing how much money he was able to save us, we decided that Weintraub might know a thing or two that car buyers should hear. So we sat down in a local restaurant and recorded this conversation with the 40-year-old former car dealer.
Edmunds: How did you get into the car business?
Weintraub: One of my best friends was working at a Dodge dealership so I applied for a job there, and I got hired. And I really just fell in love with the business. Later, I spent 12 years working at one of the top dealerships in the U.S.: Vista Ford in Woodland Hills, California.
How did you learn to sell cars?
There was no training. They just gave me a couple of videos to watch about the car and they said, “Go out and sell cars.”
Was the negotiation process difficult to learn?
Very difficult and very uncomfortable in the beginning. I’ve seen hundreds, thousands of people in a negotiation just be completely uncomfortable, because most people are negotiating blind. It’s just a very uncomfortable feeling, and it leaves you wondering, “Did I get a good deal?”
But you must know if it’s a good deal.
We know every single aspect of how dealerships make money.
Why did you leave the dealership?
As the years went by it was hard for me to sit in front of these people who I had such a great rapport with and see them spend more money than they had to.
So it was a crisis of conscience?
It was a major conflict of interest for me.
What can you offer people who use your services?
It’s very time-consuming for people to buy a car. So much is at stake. If you spent $4,000 more on a car that you didn’t have to, where could that money go? I knew that there was a tremendous need for people to have someone like me look out for their best interests.
How much do you charge for your service?
Our fee depends on the price of the car you are buying. And then we have a different service for people who have already shopped and have numbers that want us to improve the deal. In that case we charge a percentage of the amount of money we are able to save you.
Can you give me an example of a deal you worked on recently?
A client was negotiating a deal for a BMW and she didn’t like who she was dealing with at the dealership. She presented us the deal she negotiated, and we saved her over $6,000.
How did you do that?
They had inflated the purchase price and the price of the back-end products she wanted.
What is the difference between what you do and a car broker?
We’re really more like a concierge service since we get the fee from the client. Buying a car is as easy as ordering takeout. You call us, you tell us what you want and it’s done. Most of the time, the car will be delivered to you at your home or office.
Do you recommend having cars delivered to your clients?
Most of the time we can have cars delivered along with the contract for you to sign. We do have clients that either want the experience at the dealership, or some dealerships just won’t deliver. So as part of our process to eliminate any mistakes, we review all contracts so when the client goes there for the golden moment, there are no surprises.
When you were a dealer, did you have much to do with car brokers?
I had dealt with many car brokers at Vista Ford, and I’ve seen many car brokers take advantage of their clients because their commission was not disclosed.
Where do most people go wrong in car deals?
The first place people really go wrong is making an impulse decision. You know, they go to the dealership and fall under the ether of the excitement.
If you’re getting a Camry or an Accord, you’re going to be able to get it pretty much at invoice or sometimes less.
We’re always trying to beat the invoice.
If a person has a trade-in, how do you handle that?
We negotiate the trade-in value with the dealership, but we also have our own buyers for trades and we negotiate with them as well. Some people are hot for the car, some are not. So we really find who wants the car — we shop it for them. We find who’s going to pay top dollar for the car.
How many employees do you have?
I have two in-house and I have three wholesalers [people who buy from private parties and sell to auctions or dealerships] that work with me. And every dealership in the United States is really…not my employee, but they work for me, because I can control where the deal goes most of the time.
Are you working deals yourself?
Yes. My client services manager and I are working deals every day. I’m really on call 24/7, because work is always on my mind. I’m talking to clients on the weekends and in the evening, but it’s from my house or wherever I am. And I have to tell you, I’m the happiest I’ve ever been in my life, with being able to create this business where I could genuinely help people.
Anyone wanting help with car buying can easily find car brokers with a quick search of the Internet yellow pages. Car-buying concierge services, such as the one discussed here, are less common but a growing trend. Using the Internet to search will tell you if such a service exists in your area. Anyone wishing to contact Weintraub can easily e-mail him through his Web site.
Related articles:
Using a Car Broker to Buy Your Next Vehicle
have you considering becoming a car broker ??? no comments
a car broker can legally
receive a fee for bringing a buyer to the table
a car broker can legally
deliver a car to the customer
a car broker can legally
negotiate with any dealer on behalf of the customer
SMART car buyers never walk into a dealership
they contact their licensed auto broker
and get the best price and the best service
from the comfort of their home or office
learn how to become a car broker with our one day class
brokers must be licensed in california
car dealer education training is required
our prices start at $ 100. with an on line tutorial included
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800-901-5950
charlotte
car dealer bonds made simple +++ good car dealer education is the key
car dealer license = local zoning approval + surety bond coverage + good dealer education +++ we make it simple for you 1 comment
we are certified dmv dealer education providers
you have the choice of getting a wholesale, retail or autobroker license
following completion of our pre-licensing dmv approved dealer class
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
our car dealer class certificate of completion
allows you to move forward with the dmv inspector
most folks encounter two obstacles to getting a car dealer license:
one is local zoning approval
dmv requires local zoning approval on a form called the OL902
http://www.dmv.ca.gov/forms/ol/ol902.pdf
the other is surety bond coverage
dmv requires a $ 10k bond or a $ 50k bond to become a car dealer
bond amount for wholesale only ( 24 cars or less per year ) is $ 10k
bond amount for retail motorcycles only is $ 10k
bond amount for wholesale above 24 cars per year is $ 50k
bond amount for any other retail car dealer license is $ 50k
your car dealer bond preminum is based on your credit
good credit equals good prices
call sony at 714-677-0843 for an immediate bond quote
a $ 10k car dealer bond starts at $ 300. per year
a $ 50k car dealer bond starts at $ 800. per year
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we offer the best car dealer education in all of california
prices start as low as $ 100.
we make it simple for you
800-901-5950
good luck
thx
charlotte
rexhead.net
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dealer plate use rules generate from the CCR…california code of regulations…sourced here for you by rex auto man no comments
BARCLAYS OFFICIAL CALIFORNIA CODE OF REGULATIONS
TITLE 13. MOTOR VEHICLES
DIVISION 1. DEPARTMENT OF MOTOR VEHICLES
CHAPTER 1. DEPARTMENT OF MOTOR VEHICLES
ARTICLE 3.3. SPECIAL PLATES
This database is current through 9/25/09 Register 2009, No. 39
§ 201.00. Use of Special Plates Issued to a Dealer, Manufacturer, Remanufacturer, or Distributor.
(a) Special plates referenced in this section may only be used on vehicles that a dealer, manufacturer, remanufacturer, or distributor owns or lawfully possesses.
(b) The following individuals may operate a vehicle with special plates for any purpose:
(1) An individual who is the sole owner, a general partner, a manager of a limited liability company, or a corporate officer or director of a dealer, manufacturer, remanufacturer, or distributor, provided that individual is actively engaged in the management and control of the business operations of the dealer, manufacturer, remanufacturer, or distributor;
(2) A general manager, or business manager, or sales manager who is actively engaged in the management and control of the business operations of the dealer, manufacturer, remanufacturer, or distributor when no other individual meets the criteria in (1) above;
(3) An individual employed by a manufacturer or distributor and licensed as a representative.
(c) Any licensed driver may operate a vehicle with special plates for any purpose if an individual identified in section (b) is also in the vehicle.
(1) An unaccompanied licensed driver, who regularly resides in the immediate household of an individual identified in section (b), may operate a vehicle with special plates solely to pick up or drop off that individual.
(d) A licensed driver who is an employee of a dealer, manufacturer, remanufacturer or distributor may drive a vehicle with special plates when that employee is acting within the course and scope of his or her employment.
(e) Any licensed driver may operate a vehicle with dealer, manufacturer, remanufacturer, or distributor special plates for special event purposes if the operator carries a letter of authorization from the licensee identifying the vehicle, duration, and location of operation, and person(s) authorized to operate the vehicle.
(f) Any licensed driver, who is a prospective buyer or lessee, may test drive a vehicle with special plates for up to seven days.
(1) A salesperson is not required to be present.
(2) If a salesperson is not present, the operator must carry a letter of authorization from the licensee identifying the vehicle, duration, and person(s) authorized to operate the vehicle.
(g) Employees of a commercial vehicle dealer, manufacturer, remanufacturer, or distributor who must operate a commercial vehicle in the course of their employment, may take a commercial drive test in a commercial vehicle displaying dealer, manufacturer, remanufacturer, or distributor special plates.
(h) A trailer, displaying special plates, may be towed by a vehicle with Vehicle Code authority to operate on the highways.
(i) Any use of special plates issued to a dealer, manufacturer, remanufacturer, or distributor except as specified is prohibited.
Note: Authority cited: Section 1651, Vehicle Code. Reference: Sections 11714, 11715 and 11716, Vehicle Code.
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To subscribe to the e-mail alert service logon to www.emailalert.dmv.ca.gov/subscriptions.asp.
This page contains detailed instructions on how to subscribe.
The Industry Tools Home Page located at
http://www.dmv.ca.gov/vr/dealer_regservice.htm
provides convenient access to information and links that are pertinent to the vehicle registration industry.
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certified dmv dealer education
we make it simple for you
800-901-5950
rexhead.net
gotplates.com
redflagclass.com
autogodfather.com
good car dealer education is the key to dealer success
