national motor vehicle title information system lingo

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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.

have you wondered about becoming a licensed car broker ???

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.

file your car dealer license DBA online

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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

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filing a DBA ( doing business as )

is required by the DMV to complete

your car dealer license application

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you will need the DBA to open a car dealer bank account

and

you will need to present it to the dmv inspector

good luck

Charlotte

gotplates.com

800-901-5950

dmv certified car dealer classes in santa rosa start at $ 100.

ARE YOU CONSIDERING A WHOLESALE CAR DEALER LICENSE IN CALIFORNIA ???

come to our SR CAR DEALER CLASS with the weatherman

415-730-3131

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?

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.
Pre-payment and Online tutorial
completion simply gives you the best price.
See Class Locations for a program near you.
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 occupational licensing inspector for our fremont car dealer class

after you take our

fremont car dealer class

you will take your dmv car dealer examination

and

submit your car dealer license application

to the dmv licensing inspector in hayward

Hayward, 150 Jackson Street, 94544

    • (510) 728-1349

Directions to this office

CLICK HERE FOR OUR PRACTICE DMV LICENSING EXAMINATION

got1

car dealer flooring thru MAFS ( manheim financial services )

MAFS

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.

Products:

  • MAFS Inventory Financing
  • MAFS Rental Inventory Financing
  • MAFS Receivables Funding

MAFS

MAFS Inventory Financing:

MAFS provides inventory financing (floor planning). Our flexible terms allow you to maximize

Dealer Benefits

  • 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.

Dealer Benefits

  • 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

45-day-special

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.

Dealer Benefits

  • 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.

getting bonded is important to getting licensed

Low Cost Wholesale Dealer Bond

please call

888-579-4537

or visit

cardealerbondnow.com