what is a car dealer bond exactly ???

DMV Motor Vehicle Dealer Bond

Bond Amount

$50,000

Requiring Entity

State of California Department of Motor Vehicles

Underwriting Criteria

Personal credit check and personal financial statements for all business owners

Who is Required to Secure this Bond

Under California Vehicle Code 11710 (CVC 11710) all applicants for a dealer or remanufacturer license are required to procure and file a bond with the Department of Motor Vehicles. The bond must be executed by an admitted surety, as approved to by the Attorney General. The dealer bond must be in the amount of $50,000, unless the dealer deals exclusively in motorcycles or all-terrain vehicles and wholesale dealers who sell fewer than 25 cars per year (CVC 11710.1)

Bond Requirement Specifics

Under California Vehicle Code 11710 (CVC 11710) all applicants for a dealer or remanufacturer license are required to procure and file a bond with the Department of Motor Vehicles. The bond must be executed by an admitted surety, as approved to by the Attorney General. The dealer bond must be in the amount of $50,000, unless the dealer deals exclusively in motorcycles or all-terrain vehicles and wholesale dealers who sell fewer than 25 cars per year (CVC 11710.1) The liability of the bond must remain at full value at all times. If the bond amount is decreased or if there is an outstanding court judgment again the dealer, remanufacturer or surety, the license will be automatically suspended. In order to reinstate the license, the licensee must file an additional bond or restore the bond to the original amount, or terminate the outstanding judgment or which the dealer, remanufacturer or sureties are liable (CVC 11710).

Who is protected Under this Bond

Purchaser, sellers, financing agencies or governmental agencies in the State of California are entitled to make a claim against the dealer’s surety bond should the dealer act in violation of the California Vehicle Code. Upon validation of the claim, the beneficiary is entitled to monetary damages which the surety bond would cover. The bond guarantees that individuals granted a license or permit to operate a business or to exercise a privilege will meet the obligations under that license or permit.

Underwriting Process

Each applicant must first complete and submit the application for a Motor Vehicle Dealer, which contains all of the pertinent information regarding the business and business owners. Upon receipt of the application, our agency will be able to provide a response as to rate and approval for the Motor Vehicle Dealer bond within one business day. Once the application is approved, the bond will be executed and released to the applicant upon receipt of payment.

What you Need to do Once you have your Bond

Once the Motor Vehicle Dealer bond has been approved and released to the applicant’s care, it must be filed with the Department of Motor Vehicles along with the licensing paperwork. The Department of Motor Vehicles will maintain the bond, which must remain effective at all times to prevent any suspension of the Motor Vehicle Dealer license.

Obligee Link

http://www.dmv.ca.gov/vehindustry/ol/olbranch_top.htm 

we have 3 locations in orange county to teach you car dealer license training

dmv requires a training class to take your car dealer license examination

dmv requires you pass a 40 question exam to submit your car dealer license application

we teach the required dmv license certification class in more places than anyone else

find out why our competition struggles to match our offer

could it be better value??

could it be better pricing??

could it be our dedication to customer service??

we like to think it is all three

visit our website to see our entire class schedule

http://gotplates.com/

nancy is our car dealer license instructor in anaheim

714-401-2454

we have a class in anaheim every month

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

sony is our car dealer license instructor in garden grove

714-677-0843

we have a class in garden grove every month

http://gotplates.com/cities.php?city=Garden%20Grove

alex is our car dealer instructor in newport beach

310-779-8736

we have a class in newport every two weeks

http://gotplates.com/cities.php?city=Newport%20Beach

good luck with getting your car dealer license

please call 4

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

Licensed Auto Broker Training from gotplates.com

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LEARN HOW TO BECOME A LICENSED AUTO BROKER

gotplates.com

800-901-5950

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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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got the correct DMV registration forms ???

Most Commonly Used DMV Forms

Adobe Acrobat Reader is required to view, fill out and print forms. To incorporate the latest accessibility features download of the latest version of Acrobat Reader may be required. If you have problems with Acrobat Reader or our PDF form, select PDF Troubleshooting. To submit a form electronically, use the eForm version. For large quantities, read Ordering DMV Forms in Large Quantities To obtain a form by mail, call DMV’s automated phone service 24 hours a day, 7 days a week at 1-800-777-0133. To speak to an operator call between the hours of 8 a.m. and 5 p.m. Monday – Friday, Pacific Time.

Click on the Clicking this symbol will display form instructions. to view information for the form.

Drivers

Change of Address (PDF) (DMV 14) Click to view form instructions.

Request for Own Driver License or Vehicle Registration Record (PDF) (INF 1125) Click to view form instructions.

Traffic Accident Report (PDF) eforms Click to view form instructions.

Vehicles

Bill of Sale (PDF) (REG 135) Click to view form instructions.

Notice of Release of Liability (PDF) (REG 138) Click to view form instructions.

Application for Duplicate Title (PDF) (REG 227) Click to view form instructions.

Application for Title or Registration (REG 343) (PDF) Click to view form instructions.

Statement of Facts (PDF) (REG 256) Click to view form instructions.

Plates, Placards, and Stickers

Special Interest License Plates Application (PDF) (REG 17) Click to view form instructions.

Application for Replacement Plates, Sticker, Documents (PDF) (REG 156) Click to view form instructions.

Application for Disabled Person Parking Placard or Plates (PDF) (REG 195) Click to view form instructions.

Back to Main forms page

some advantages to having your own car dealer license

  • Getting into dealer-only auctions
  • Buying vehicles at wholesale dealer prices
  • Buying vehicles with auction company financing
  • Paying no sales tax on your vehicle purchases
  • Paying no registration fees on your vehicle purchases
  • Using dealer plates to drive your vehicles without registering them
  • Making money doing what you enjoy
  • Writing off your expenses
  • Doing it part time or work it into full time
  • Saving significant money buying vehicles for yourself, friends and family
  • Selling locally, or exporting to other countries
  • Buying at the auctions and selling on Craigslist, E-Bay, or your own website
  • Brokering vehicles with none of your own money invested
  • Not getting caught selling without a license and being barred from getting a license in the future.
  • Driving around in great vehicles and then selling them at a profit.

visit us at gotplates.com

800-901-5950

we make it easy

got jody forster…..the forms lady ???

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2-Part Buyers Guides

(100 per pack)

$21.99

All auto dealers throughout the United States are required to display this two page (one page duplicated) form in the side window of every used vehicle offered for sale. The Federal Trade Commission oversees this regulation to disclose whether or not a dealer is offering any kind of warranty. The form must be prominently displayed on a vehicle’s window while the vehicle sits in the dealer’s inventory. The form may be removed from a window for a “test drive”, but must be returned to the window immediately upon return from the test drive if a sale is not consumated. If the vehicle is sold, the form is signed and part of the paperwork processed at delivery of the vehicle. The one and only purpose of this form is to disclose what warranties, if any, are included with the purchase if this vehicle. A “used vehicle” is defined by the Federal Trade Commission as any vehicle previously registered, and any vehicle previously used. This includes new vehicle rollbacks as well as unlicensed demonstrators (demos). There is an exemption for vehicles weighing in excess of 6,000 lbs. unladen weight, which means motorhomes and heavier duty trucks are exempt from the “Buyers Guide” regulations. Required by law for consumer protection on used vehicles, this form meets federal regulations. Pressure sensitive tape at the top and bottom holds this 2-part carbonless, 8 1/2″ wide x 11″ tall form to the window. Available in two styles: “As-Is” or “Implied Warranty”. Note, some states prohibit “As-Is” sales. Sold in packs of 100. Quantity Discount Prices available on quantities of 5 and 10 or more packs.
  • Model: JF 327

 

CAR DEALER STARTER FORMS KIT

 

wholesale car dealer licensing by proxy may be legal in indiana but that will never ever fly in california ( its the nexus issue )

it is true

as a licensed car dealer

you may sell in all 50 states

BUT

dmv regulations in california

along with the state board of equalization guidelines

clearly state:

IF YOUR NEXIS IS WITHIN CALIFORNIA

YOU MUST BE A LICENSED CALIFORNIA CAR DEALER

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DMV Place of Business Inspection

After you have arranged an appointment with an Occupational Licensing Inspector he or she will inspect the place of business where the dealer conducts business.

  • The office of the principal place of business and each location of the dealership must be established to the extent that its construction is not temporary, transitory, or mobile in nature, except that a trailer coach office is acceptable providing it is not part of the dealer’s vehicle inventory being offered for or subject to sale while being used as an office of the dealership and otherwise meets the requirements of the Vehicle Code. The place of business is a place actually occupied either continuously or at regular periods by the dealer. Section 320, CVC.
  • Inspect all books and records pertinent to the business. CVC Section 320 (a)CVC Section 1670, and CVC Section 1671 and CCR Title 13, Section 270.00, 270.02, 270.04 and 272.00

out of state car dealers operating at a location in california are illegal

you residency and voter status could impact the nexus argument

DMV CAR DEALER ATTORNEY

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You have a representative who operates under your authority to sell or take orders in California for any goods
or merchandise. (See California Revenue and Taxation Code section 6203(c)(2).)
Example: Your company does not have inventory in California or employees who sell in this state. Instead, you
use an independent representative who sells your product along with many others. The representative works
on a commission-only basis.

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Court decisions
To look up court decisions on nexus (engaged in business) issues, see: www.findlaw.com/casecode/index.html.

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Who is Liable for California Use Taxes?

Persons who are “engaged in business” in California (as defined by Revenue and Taxation Code section 6203) are responsible for collecting and remitting the sales or use taxes on all sales of tangible personal property (unless the transaction is otherwise exempt). Circumstances where a retailer is considered to be engaged in business in California, commonly referred to as “nexus,” for sales and use tax purposes include (but are not limited to) the following:

  • Maintaining, occupying or using any type of office, sales room, warehouse or other place of business in California. This includes use that is temporary, indirect or through an agent or other representative.
  • Having any kind of representative operating in the state for the purpose of taking orders, making sales or deliveries, installing, or assembling tangible personal property.
  • Making repairs or providing maintenance or service to property sold, whether by employees, agents or other representatives.
  • Deriving rentals from a lease of tangible personal property located in California.

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California seller’s permit requirements–dealers, wholesalers, and brokers
Dealers and wholesalers
The BOE requires motor vehicle dealers and wholesalers to register for a seller’s permit. When you sell or lease
vehicles, merchandise, or other tangible personal property in California, even temporarily, you are required to hold
a seller’s permit. If you hold a seller’s permit you must report and pay sales and use tax due on your returns.
Brokers
A broker is a retailer if you have the power to transfer title to property, and exercises it, either:
• By holding title to the property before its sale,
• By completing a bill of sale to the buyer under power of attorney from the legal owner, or
• By getting a signed bill of sale from the legal owner and delivering it to the buyer.
When entering any transactions in which you have the power to transfer title to a vehicle, you are a retailer in those
transactions, and must hold a seller’s permit.
A true broker’s authority, however, is limited to getting offers from potential buyers and conveying the offers to
vehicle owners for their acceptance. As a true broker, you are not liable for the tax, and not required to hold a seller’s
permit. In transactions in which buyers deal with a true broker, the buyer will be liable for use tax.
Note: As a broker, you may collect the use tax due on a purchase of a vehicle, as a convenience to your customer.
If you collect the use tax from a buyer and provide a receipt, you (the broker), not the buyer, are liable for the use
tax amount paid and must pay that amount to the BOE. If the BOE later discovers that additional use tax is due, the
buyer is liable for the additional tax. This procedure allows financing the tax in the purchase price of the vehicle and
helps avoid future misunderstandings about the buyer’s use tax liability.
Buyers; be sure to keep a receipt for any use tax paid to a broker.
If a broker provides this service, they must forward the use tax to the BOE with a statement that shows:
• Name and address of buyer
• Full purchase price of vehicle
• The vehicle identification number (VIN)
You can report your purchases subject to use tax by using eRegistration available on our website at www.
boe.ca.gov. eReg is also available in our field offices. Please contact our Taxpayer Information Section for assistance
at 800-400-7115.

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HERE ARE SOME ANSWERS FROM THE INDIANA FOLKS

offering wholesale dealer licenses without having a nexus in california

Requirements:

  • -Indiana Wholesale Offices is an approved facility by the Indiana Secretary of State to host wholesale car dealers. Our facility provides you with a furnished office that exceeds the state requirements
  • -All individuals must have a valid Social Security Number and a valid Government Issued Identification.
  • -Wholesalers are required to sell 120 vehicles per licensing year.
  • -You do not need to be an Indiana State Resident. Having a physical business address at the Indiana Wholesale Offices facility complies with the Indiana Secretary of State physical requirements.
  • -We provide to you the expertise to gain your wholesale dealers license on the first attempt. We have a 100% approval rating for our applicants. No licenses have been denied once we process the paperwork.

Can’t afford the insurance or the bond ?

Get a Salvage License and you still can get into the auctions to buy Salvage Titled Vehicles.

If you are interested click here

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like most things in life

if it is too good to be true

it is probably a lie or illegal

dont fall for any car dealer license scheme

come to the leader in california

car dealer education

gotplates.com

800-901-5950

we now offer car dealer licensing school in spanish

we are the leaders in

dmv certified car dealer education

gotplates.com

800-901-5950

in response to high demand

we are now offering 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

do you need new plates for your buyer ???

Standard California license plates are issued when you buy a new vehicle, replace lost, stolen, or mutilated plates, or turn in special interest license plates. License plates identify the type of registration you have (commercial, passenger, trailer, etc.) and provide law enforcement a means of locating the owner through DMV records. Standard license plates can be replaced by submitting an application for duplicate plates, or by visiting a DMV field office.

Passenger Vehicles

passenger vehicle license plate passenger vehicle license plate passenger vehicle license plate

passenger vehicle license plate passenger vehicle license plate passenger vehicle license plate

Exclusions: The letters I, O, and Q are not used in the first or third alpha positions of the alpha-numeric series.

Statutory Authority: Vehicle Code (VC) §§4850, 9250 and Revenue and Taxation Code (RT) §§10751, 10752


Commercial Motor Vehicles

commercial motor vehicle license plate commercial motor vehicle license plate commercial motor vehicle license plate

commercial motor vehicle license plate commercial motor vehicle license plate

Exclusions: The letters I and O are not used in the six-digit alpha-numeric series. I, O, and Q are not used in the seven-digit alpha-numeric series.

Statutory Authority: VC §§4840, 9250.1, 9400 and RT §§10751, 10752


Motorcycles

reflectorized motorcyclew license plate yellow on blue motorcycle license plate

Statutory Authority: VC §§4850, 9250.1 and RT §§ 10751, 10752


Permanent Trailer Identification License Plates

permanent trailer identification license plate

In 2001, the Permanent Trailer Identification (PTI) program went into effect with registrations expiring and trailers being registered for the first time in California on or after December 31, 2001. Camp trailers are subject to the new law, but trailer coaches, and park trailers are excluded. For more information on the PTI program follow this link.

Statutory Authority: VC §§5011, 5014.1, 5017


Trailer License Plates

reflectorized trailer license plate reflectorized trailer license plate reflectorized trailer license plate

yellow on blue trailer license plate

Issued to trailer coaches and park trailers.

Exclusions: The letters I, O, and Q are not used.

Statutory Authority: VC §§4850, 9250.1 and RT §§10751, 10752

here are a few answers for car dealers requesting dmv auction access

FAQ

Please review the following links for the latest AuctionACCESS® Frequently Asked Questions (FAQ)AuctionACCESS Membership FAQ

AuctionACCESS Card FAQ

What do I get for my AuctionACCESS membership?

  • Simplified registration at more than 210 wholesale auctions and online channels across North America
  • A more secure buy and sell environment, with access limited to licensed, registered dealers and their authorized representatives
  • Exclusive offers from participating auction companies and locations
  • View registration status online, add or remove representatives on your account at any time
  • Free access to your AuctionACCESS account via myACCESS at www.auctionaccess.com
  • Exclusive offers through our affiliated programs. For the current list of offers click here.

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What additional affiliated programs/discounts can we expect from our AuctionACCESS membership?

New AuctionACCESS membership benefits and amenities from affiliate partners and participating auction companies will be added continually. AutoTec is currently investigating programs to assist our members with shipping, guidebooks, and advertising among other things.

For the latest, login to myACCESSsm at http://www.auctionaccess.com
If you do not have a myACCESSsm login, activation is easy and free with your paid membership.

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Where can I get more information?

More information can be found at http://www.auctionaccess.com
or feel free to call an AutoTec Customer Service Representative toll-free M-F, 6am to 7pm CST at 800-665-2133 in the U.S., 205-414-2700 outside the U.S.

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Where can I use my AuctionACCESS card?

You can use your AuctionACCESS card at over 210 auctions in North America. Use our map to find the one closest to you!

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I have an AuctionACCESS card, does that mean I’m registered at all auctions?

Your AuctionACCESS card simplifies the registration process at all participating auctions. However, since each auction operates independently they each have their own business procedures and requirements. In order to register with a new auction you plan to visit please choose one of the following three options:

  • Pre-Register with the auction by using myACCESSsm.
  • Contact the auction you wish to attend prior to the sale and provide them with your AuctionACCESS number.
  • Register with the auction on the day of the sale using your AuctionACCESS card.

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My AuctionACCESS card doesn’t work, what should I do?

There are several reasons that an AuctionACCESS card might stop working. They include:

  • You are not registered at the auction at which you are trying to use the card. In this case, you will need to stop by Dealer Registration so that the auction can activate you.
  • The Dealer License or other required document for your dealership has expired since your last visit to an auction. Some auctions will temporarily deactivate a dealership under these conditions. Stop by Dealer Registration to resolve the situation.
  • Your status at the auction will not permit you to buy or sell until speaking with an auction representative in Dealer Registration. Stop by Dealer Registration to resolve the situation.
  • You’ve reported the card lost or stolen. If you find a card that you had previously reported as lost or stolen, throw it away and wait for your new card. A lost card is permanently deactivated immediately upon AutoTec’s notification of a lost or stolen card.
  • The magnetic stripe on the back of the card is dirty. An alcohol swab will clean the stripe and usually resolves this problem.
  • The magnetic stripe has been demagnetized. You will need to request a new card. You can do this in any auction’s Dealer Registration department.

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Why do you require a form of photo identification?

One of the outcomes of the tragedy of September 11th has been an increased government requirement for businesses to “know their customers”. To assist our customers with this requirement, we require a valid form of photo identification to help them recognize their buyers and sellers. Using the photo as well as the identification number from the photo identification provides the auction with the information they need to stay in government compliance. It also helps protect you against possible identity theft. Valid forms of photo identification are a state or province issued driver’s license, a state or province issued “official identification” card, a U.S., Canadian or Mexican passport, or a Mexican voter registration card.

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Is it safe to use this site for my personal information?

myACCESSsm uses an industry standard encryption scheme for all your information. Encryption helps protect your private information so that a third party cannot read it. Encryption is the scrambling of information for online transmissions back and forth between two points. AutoTec’s goal is to keep your information safe. When you fill out an online registration form or provide personal information, you transmit this information to AutoTec over the Internet. Accessing your AuctionACCESS dealership or representative information online also involves Internet transmissions between your computer and AutoTec. All online transmissions are encrypted. The effectiveness or level of security, for encryption is measured in terms of bits. 128-bit encryption is the industry standard encryption scheme currently in use. myACCESSsm requires a browser that can support 128-bit encryption.

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I’m not comfortable providing my information over the Internet. What should I do?

You can either visit any of our subscribing auctions and register there, or contact one of our Customer Service Representatives by phone at 800-665-2133 (from the US or Canada)
or 205-414-2700.

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My dealership information is all wrong. What should I do?

You can choose any one of three solutions for this problem:

  • Correct the information online by using myACCESSsm.
  • Contact our Customer Service Department by phone at 800-665-2133 (from the US or Canada)
    or 205-414-2700.
  • Request assistance at any of our subscribing customer locations.

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My personal information is all wrong. What should I do?

You can choose any one of three solutions for this problem:

  • Correct the information online by using myACCESSsm.
  • Contact our Customer Service Department by phone at 800-665-2133 (from the US or Canada)
    or 205-414-2700.
  • Request assistance at any of our subscribing customer locations.

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My name is spelled wrong on my card. What should I do?

Use myACCESSsm to correct your name. Be sure to request a new card after making the correction. The new card will be sent to the auction you specified for delivery within 2 weeks.

Request assistance at any of our subscribing customer locations.

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manheim market reporting ( MMR ) for car dealers goes mobile

Manheim Expands Mobile Services

myMobile 4 color logo

Stay on top of your business with the latest mobile features from Manheim. To experience on-the-go convenience of some of the site’s most popular features, go to www.manheim.com from any mobile device, or download the Manheim app for iPhone® and Android™.

The New and Improved Manheim App

With the full Manheim set of tools at your fingertips, you can always find the vehicle you need, no matter where you are. New features include:

Apple App Store logo

  • Scan a VIN, get the MMR.
  • Full vehicle search.
  • Bid, Buy Now, or Make an Offer.
  • Simulcast proxy bidding.
  • CarFax, AutoCheck, and condition reports.

Android Market logo

To download the new Manheim app, just search “Manheim” in the App StoreSM or Android Marketplace, or scan the QR code at right.

Get the Condition Information You Need Right on Your Mobile Device!

Now, you can view condition reports and seller disclosure information with ease from your phone, iPad, or other web-enabled device. With condition reports and seller disclosure information optimized for mobile use, you can:

Manheim app store QR code

  • Access vehicle condition information anytime, anywhere.
  • Get all of the information you need to make smart business decisions.
  • See the exact same information you expect to see on desktop reports.

Did You Know?

A 2009 study of dealers’ mobile Internet use inspired Manheim to develop a variety of mobile services to help you source and manage pre-owned inventory anywhere your business takes you. Other recently-enhanced mobile features include:

  • Manheim Market Report (MMR): Offering a faster, free and simplified version of Internet MMR for dealers using handheld mobile devices.
  • Mobile Search allows you to easily search Manheim’s entire online and in-lane inventory.
  • Remote access to the mobile version of My Workbook enables you to review all previously saved searches and to save new vehicles.