Export Cars to China ???

buying for a fleet ???…..get licensed

George — Sun, 20 May 2012 03:25:25 +0000

If you are a multiple car business like a:
car rental service
delivery service
large contractor
fleet service
etc…

You can obtain auction access and avoid the dealer markup by obtaining your dealer license.

If you are buying more than three vehicles a year you may find it to be a very good move to get your dealer license and benefit from lower car prices,

better cars to choose from and ease of transactions.

And becoming a dealer also allows you better resale prices at disposal

So why not, – buy at wholesale – sell at retail – and use the vehicles in you own business.

We are your first step in obtaining your dealer license.

We will teach you the ins and outs of becoming a dealer and provide you with the certificate you need to present to the CA DMV.

Car Dealer School

car dealer financing lingo

George — Tue, 15 May 2012 17:30:18 +0000

http://www.autofinancing101.org/resources/glossary.cfm

+++++

Glossary of Definitions

Amount Financed
The dollar amount of the credit that is provided to the buyer.

Agreed-Upon Selling Price
The dollar amount the buyer agrees to pay the dealer for the vehicle.

Amount Financed
The dollar amount of the credit that is provided to the buyer.

Annual Percentage Rate (APR)
The cost of credit for one year expressed as a percentage.

Assignee
The bank, finance company, credit union, or other financial institution that purchases the finance contract from a dealer.

Bank or Credit Union Financing
(also Off-Site Financing)
The financing a buyer gets from his or her bank, credit union, or other financial institution to pay for a new or used auto.

Budget
A tool commonly used to measure expenses against income, to help people prioritize their spending and manage their money.

Buy Rate
The wholesale rate offered to a dealership at which the “assignee” (finance company, bank or credit union) will purchase the contract.

Co-Buyer
An individual who assumes equal responsibility for the contract. The account history will be reflected on the co-buyer’s credit history as well as the buyer’s. For this reason, consumers should exercise caution if asked to be a co-buyer for someone else. Since some co- buyers are eventually asked to repay the obligation, individuals need to be sure that they can afford to do so before agreeing to be a co-buyer.

Collateral
An asset pledged to the creditor until the financing is paid off. For example: If you own your home, it may be used as collateral to secure automobile financing.

Credit Application
The information that a buyer submits when applying for credit. It typically requires such items as name, Social Security number, date of birth, current and previous addresses and length of stay, current and previous employers and length of employment, occupation, sources of income, total gross monthly income, and financial information on existing credit accounts. This can be done in person, over the phone, or electronically via the Internet.

Credit Insurance
There are two common types of credit insurance. Credit life insurance is optional insurance that pays the scheduled unpaid balance if the buyer dies. Credit disability insurance (sometimes called credit accident and health insurance) is optional insurance that pays the scheduled monthly payments if the buyer becomes disabled. As with most contract terms, the cost of optional credit insurance must be disclosed in writing, and if the buyer wants it, the buyer must agree to it and sign for it.

Credit Report
A report containing information about the buyer’s current and past credit obligations, payment record, and data from public records (e.g., a bankruptcy filing obtained from court documents). For each account, the credit report shows the applicant’s account number, type and terms of the account, credit limit, most recent balance, and most recent payment. The comments section describes the current status of the applicant’s account, including the creditor’s summary of past-due information and any legal steps that may have been taken to collect.

Credit Reporting Agency
A firm that collects, sorts, maintains, and sells information about an individual’s credit history.

Credit Score
A numerical score that reflects the credit risk you present based on information contained in your credit file. The better your history of credit, the higher your score.

Creditor
A person or organization that regularly extends credit, subject to a finance charge.

Creditworthiness
The ability of a consumer to satisfy a credit obligation.

Dealer Financing
(also On-Site Financing)
Financing that a consumer obtains from the dealership rather than directly from a bank, credit union, or other financial institution to buy a new or used auto. The consumer enters into a contract with the dealership agreeing to pay the amount financed, at an agreed-upon finance rate, over a specified period of time.

Dealer Finance Income
A portion of the finance charge that is paid to or retained by the dealer as compensation for the dealer’s participation in providing financing to the buyer.

Delinquent Accounts
Credit accounts that are past due. They usually are classified as 30, 60, 90 and 120 days past due.

Depreciation
The amount by which a vehicle is expected to decrease in value over a specific period of time.

Down Payment
An amount paid at time of purchase that reduces the amount financed. This includes any combination of cash, trade-in value of a previously-owned vehicle, rebates, and other non-cash credits.

Extended Service Contract
Optional protection on specified mechanical and electrical components of the vehicle. It is available for purchase to extend and/or supplement the warranty coverage provided when purchasing or leasing a new, or in some cases, a used vehicle.

Finance Charge
The dollar amount that the credit will cost the buyer.

Fixed Rate Financing
An annual percentage rate that remains the same over the life of the finance contract.

Guaranteed Auto Protection (GAP)
Optional protection that pays the difference between the amount the buyer owes on the auto and the amount the buyer receives from his insurance company if the auto is stolen or destroyed before the buyer has satisfied the credit obligation. In some cases, the buyer may be responsible for the insurance deductible.

Installment Sale
A contract with a dealership to buy a vehicle by paying the amount financed, plus an agreed upon finance charge, over a certain period of time in installments, which are typically monthly payments.

Length of Contract
The total number of months the borrower has to pay his or her credit obligation.

Lien
A legal claim on ownership of the vehicle stemming from a debt. If the buyer does not make the payments, the lienholder can repossess and sell the vehicle as full or partial payment of the debt.

Off-Site Financing
(also Bank or Credit Union Financing) The financing a buyer gets a from his or her bank, credit union or other financial institution to pay for a new or used auto.

On-Site Financing
(also Dealer Financing)
Financing that a consumer obtains from the dealership rather than directly from a bank, credit union, or other financial institution to buy a new or used auto The consumer enters into a contract with the dealership agreeing to pay the amount financed, at an agreed-upon finance rate, over a specified period of time.

Repossession
In the event that a credit obligation is not satisfied, the legal right a creditor has to take the asset pledged as collateral (typically the automobile) and sell it to pay off the credit obligation. Depending on state laws, this process is typically subject to rights to redeem (pay off the entire balance and get your vehicle back) or reinstate (pay any delinquent payments and get your vehicle back to start the contract again).

Secured Credit
Financing for which some form of acceptable collateral, such as a house or automobile, has been pledged.

Trade-in Allowance: The amount the dealer agrees to pay for a trade-in vehicle, which consumers often apply towards the purchase of a new vehicle.

Unsecured Credit
Credit for which no collateral has been pledged.

Variable Rate Financing
With a variable financing rate, the annual percentage range may change over the life of the contract.

5 helpful tips for getting your DMV wholesale car dealer license

George — Sun, 13 May 2012 15:03:44 +0000

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.

www.gotplates.com
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.
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.
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.
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

How to Become a Car Dealer in California

Sources and Citations

got jody forster…..the forms lady ???

George — Fri, 11 May 2012 23:26:46 +0000

+++

2-Part Buyers Guides

(100 per pack)

larger image

$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

car dealer deal jackets from jody the forms lady keep the DMV happy

George — Fri, 11 May 2012 23:13:36 +0000

+++

File Folder Deal Jacket Envelopes

(pack of 100)

larger image

$29.99

Use these handy heavy duty manila stock 9″ x 12″ Deal Jackets complete with black preprinted stock, flooring, asccessories, customer sale, and trade information. All of your vehicle’s important papers will be kept together for each vehicle handled by the delership. Protect your vehicle’s records from becoming lost, torn or wrinkled. Sold in packages of 100. Try our Number 1 selling product today!! Call us to print your very own Custom design @ (949) 837 – 4088.

Model: JF-101

CAR DEALER FORMS STARTER KIT

got spanish cash contract forms ???

George — Fri, 11 May 2012 20:30:31 +0000

+++

“AS IS”

Cash Contract

Simple – SPANISH

larger image

$49.99

California Civil Code Section 2981 mandates that sales contracts be completed when a motor vehilce is sold from a licensed entitiy (dealership). All contracts need to be in writing and must be contained on a single document. The contract is designed to protect both the consumer and the dealer by clearly stating the terms of the sale. The contract must include a proper description of the vehicle, the total cost and terms of the sale, as well as the prescribed disclosures required by statue. All contracts must be completed and signed by both parties (buyer and seller). Be sure to provide a clear copy of the contract to the consmer. This form is in complete compliance with disclosures, and is to be used for Cash in house deals when no financing is applicable. 14 3/4″ x 8 1/2″ – 2-part – 100 /pkg . Printed in Spanish.

Model: JF730SP

EZ Dealer Bond Quote

Car Dealer Forms Starter Kit

Used Car Dealer Insurance

what are happy stickers ??? ( report of sale holders )

George — Fri, 11 May 2012 19:16:02 +0000

+++

Report of Sale Decals

Regular Size (3 color)

larger image

See below for pricing

Advertise your dealership name at eye level! Slit on the back for easy application. Production time is 3-4 weeks from approval of artwork. NO ART CHARGES! Dimensions: Overall Size is 4 1/4 inches X 6 inches. Top Imprint Area: 1 3/8 inches X 4 3/4 inches. Non-Imprint Area: 2 1/4 inches X 6 inches. Bottom Imprint Area: 5/8 inches X 4 3/4 inches. Minimum Order Quantity is 500. Discount Prices available on orders of 1,000 and 2,500 or more.

Model: 610-REG-3
949-837-4088

car dealer starter forms kit

gotplates car dealer classes

used car dealer insurance

got flashers ( GREAT rolling stock advertisments ) ???

George — Fri, 11 May 2012 19:09:28 +0000

License Plate Inserts

(.015) One Color

* One time charges may apply
See below for pricing

Effective and cost efficient advertising! Made of weather resistant .015 thick white polystyrene. Your custom imprint is screen printed for durability. Size: 6 inches tall x 12 inches wide with rounded corners and pre-spaced holes. Quantity discount prices available on 250 or more. Minimum order is 250 inserts. For art charges see below. Orders are subject to a 10% overrun/under run and are charged accordingly. When ordering, please note the following in the information field shown above. (1) Desired imprint. (2) Choose Imprint Color (all standard colors available). Your imprint will be printed on a white background. (3) If you want the background colored instead, this is called a reverse. Choose Background Color (all standard colors available). We will fax over a layout for approval. Any changes other than corrections for our errors, may incur an additional art charge. Art Charges for 1 Color .015 Insert. $65 charge on orders of 250*. $45 One-Time charge on first time orders of 500 and above. Any reorder of the exact same custom design does not incur an art charge. * Due to small quantity run, set up charge for 250 is recurring

Model: 706 .015 1C
949-837-4088

car dealer school

car dealer insurance

used car dealer surety bond