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.
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.
once you have taken the car dealer class
once you have met with the dmv inspector and passed the test
you will download the dmv car dealer application
all owners of the dealership must:
take the class
pass the test
and be listed on the car dealer application
all owners must be listed on the DBA
filing a DBA ( doing business as )
is required by the DMV to complete
your car dealer license application
you will need the DBA to open a car dealer bank account
you will need to present it to the dmv inspector
ARE YOU CONSIDERING A WHOLESALE CAR DEALER LICENSE IN CALIFORNIA ???
Invest $ 100. in your car dealer future
dont be stupid OR LAZY
and get scammed by out-of-state CAR DEALER LICENSE offers
we are gotplates.com at 800-901-5950
Which Class would you like?
DMV Dealer Education Providers
Type of Class Offered
|**X||Auto Support Group
|X||X||X||X||X||Motorsports Market On-Line Courses, Live Classes and Home Study
|X||X||X||X||X||Automotive Systems Analysis
|X||X||X||X||X||TriStar Motors, LLC
|X||X||24-7 Dealer Training Specialists
|X||X||California Auto Dealer Education
|X||Central Valley Dealers
Licensing Renewal Service
|X||Superior Vehicle Dealer Training Institute
|X||X||Inland Empire/Orange County Dealer School
|X||X||X||Dealer Training Experts of Northern California
|X||X||X||X||X||$85 Dealer Education
|X||X||X||X||Los Angeles Dealer School
|*X||Dealer License Seminars of San Diego
|X||X||X||X||X||Golden State Educational Services
|X||X||X||X||X||Dealer Education Services
|X||X||Coffer Dealer Education
|X||Cesar Carrascos Dealer Licensing Seminars
|X||Colby Learning Center of San Diego
|X||X||Dealers Support Group
|X||Online Auto Dealer ED
|X||California Accredited Dealer Education
Phone: (714) 300-4148
**Continuing Education only
Last updated: 07/23/2012
after you take our
you will take your dmv car dealer examination
submit your car dealer license application
to the dmv licensing inspector in hayward
Hayward, 150 Jackson Street, 94544
- (510) 728-1349
Manheim Financial Services (MAFS) provides floor plan inventory financing for independent car dealers and rental dealers in the U.S. and Canada. Manheim has over 90 locations across the U.S. and Canada, each of which includes a MAFS office and service-oriented staff to service our customer’s floor plan needs.
In addition, MAFS is also available in more than 125 independent non-Manheim auctions, Enterprise Rent-A-Car, Thrifty Car Sales and ATC-Open. Together with the Manheim Service Centers, MAFS is available at more than 200 locations with more to come in the future.
- MAFS Inventory Financing
- MAFS Rental Inventory Financing
- MAFS Receivables Funding
MAFS Inventory Financing:
MAFS provides inventory financing (floor planning). Our flexible terms allow you to maximize
- Financing can increase your available working capital
- Competitive rates make it affordable
- Up to 90-day inventory financing for the Gold Card
- Up to 100% financing
- Easier to complete the buying process than paying cash
- Provides purchasing power at over 200 auctions
MAFS Rental Inventory Financing:
MAFS also provides rental inventory financing. MAFS rental program provides all the advantages a dealer would expect from partnering with an industry leader. As complicated as the rental business can be, MAFS makes financing a rental dealer’s inventory easy.
- Industry leading customer service
- Up to 24 months financing frees up capital
- Up to 100% financing
- Competitive rates
- In many cases, no upfront cash on vehicle purchases
- Convenient and flexible depreciation schedules
MAFS Receivables Funding:
MAFS offers receivables financing to selected MAFS dealers. Primarily point of sale funding, this is a full recourse program designed to complement the entire package of MAFS programs.
MAFS also has a 45 Special program. It has many of the same benefits of the Gold Card, but requires no insurance and no financials. With limited paperwork , dealers can take advantage of a MAFS floor plan quickly.
- MAFS receivables funding will free up your capital to increase your sales volume, and expand your portfolio
- Provides up to 100% financing
- Dealer retains control of contracts
- Dealer continues to collect & service the retail account
- Payoff of MAFS financed vehicles is easy and seamless
MAFS also offers the following programs for unique needs:
- Recreational Vehicles – a special financing program tailored to fit the unique needs of dealers selling driveable RV’s, tow behind campers, trailers, 5th wheel trailers,ATV’s and motorcycles.
- BIG Truck – a special financing program tailored to fit the unique needs of dealers selling Class 6, 7 and 8 type trucks and vehicles with a gross vehicle weight (GVW) of 19,501 lbs. and above.
- Insurance Services – MAFS can offer dealers physical damage/open lot coverage at very competitive rates.
- Dealers enjoy the savings associated with being part of a large group plan.
some people want the milk
before they pay for the cow
WE GET IT