Welcome

Welcome to your new journey on becoming a California Licensed Used Vehicle Dealer.

This course was designed not only to give you the tools you need to learn DMV required content, but also some optional coursework.  This course will be available for 90 days after purchase.

Table of Contents
Section 1: Recent Occupational Licensing Rule Changes and Reminders
1.1 DMV Online Occupational Licensing Portals • 1.2 Electronic Records • 1.3 Business Hours / By Appointment Only • 1.4 Privacy Disclosure Rules • 1.5 Sales Tax Due to DMV at Time of Transfer • 1.6 Temporary License Plates (TLP) Attachment Problems and Solutions • 1.7 Assembly Bill 516 – Online ROS • 1.8 AB 1274: Smog Exemption Extended to 8 Model Years • 1.9 Reminders – Changes 2018 and Older
Section 2: Car Buyer’s Bill of Rights
2.1 The Car Buyer’s Bill of Rights (AB 68) • 2.2 Vehicle Condition Forms • 2.3 “Certified” Used Vehicle Advertising Rule • 2.4 Finance Charge Limits between 2% and 2.5% • 2.5 Bill of Rights Kit
Section 3: Dealer Bonds, Title and Registration Procedures
3.1 $50,000 Dealer Bond • 3.2 Exceptions: $10,000 Bond • 3.3 Bond Company Recommendations • 3.4 Methods of Compliance • 3.5 E-Mail Alert System • 3.6 Types of California Title • 3.7 Completing Titles for Transfer • 3.8 Other Transfer Requirements • 3.9 Power of Attorney • 3.10 Registration Fees • 3.11 Out-of-State Deliveries • 3.12 Out of Country Sales • 3.13 Administrative Service Fees (“ASF”) • 3.14 Reports of Sale • 3.15 Other DMV Registration and Miscellaneous Forms
Section 4: Main & Branch Location Requirements, Off-site Displays, Temporary Branches
4.1 Location Requirements • 4.2 Branch Locations • 4.3 Off-Site Vehicle Displays • 4.4 Temporary Branch Locations
Section 5: Auto Brokers
5.1 Auto Broker’s: Endorsement, Log, Agreement • 5.2 Deposits and Refunds • 5.3 Trust Account • 5.4 Brokering Agreement and Fee; Licensed Retail Dealers Only • 5.5 Advertising • 5.6 Consignment • 5.7 Conditional Sales Contract; Requirements
Section 6: Motor Vehicle Financing (continued) & Sales and Use Tax
6.1 Terms of Financing • 6.2 Computing Interest Rates • 6.3 APR • 6.4 Computing Monthly Payments • 6.5 Truth in Lending • 6.6 Contract Not Executed • 6.7 Breach of Conditional Sales Contract • 6.8 Repossession • 6.9 Foreign Language Contracts • 6.10 Sales and Use Tax
Section 7: Vehicle History Disclosure, Odometers & Safety Equipment
7.1 Condition of Vehicle: Known Damage, Re-manufactured • 7.2 Vehicle History Disclosure • 7.3 Odometers • 7.4 Duty to Record Mileage • 7.5 Unlawful Actions • 7.6 Repossessed Vehicle Odometer Disclosure • 7.7 Signatures • 7.8 REG 262 Form • 7.9 Division 12 Safety Equipment • 7.10 Leased Vehicles / Wholesale between Dealers • 7.11 Safety Equipment List
Section 8: Smog Rules and Advertising
8.1 Smog Requirements and Exceptions • 8.2 Smog Certificate Duration • 8.3 Smog Fee • 8.4 Bureau of Automotive Repair (“BAR”) • 8.5 Advertising; Definition, Misprints, Rules • 8.6 Document Preparation Fee • 8.7 Time Limits • 8.8 Use of Terms • 8.9 Cash vs. Credit • 8.10 Buyers Guide
Section 9: Warranties, Dealer Plates and Unlawful Acts
9.1 Warranties; “Lemon Law”, 18 months/18,000 miles • 9.2 Disclosure Statements • 9.3 Warranty Returns • 9.4 Implied Warranty of Merchantability, Fitness • 9.5 Express Warranty • 9.6 Dealer Plates/”Special Plates” • 9.7 Trailers • 9.8 Vehicle Delivery • 9.9 Misuse of Plates; Illegal Uses • 9.10 Duration/Expiration/Penalty/Display • 9.11 Lost Plates or Stickers • 9.12 Tow Dollies • 9.13 Unlawful Dealer Activities • 9.14 “Bait and Switch”, “Bird Dog Fees” • 9.15 Fraud • 9.16 DMV Enforcement Actions
Section 10: Avoid Buying a Stolen Vehicle
10.1 Helpful Tips and Advice • 10.2 Frequently Asked Questions • 10.3 Corrections on Report of Sale Forms (REG 51) • 10.4 “Unwind”, Void/Canceled Used Vehicle Report of Sale • 10.5 Used Vehicle Rollbacks • 10.6 Electronic Lien and Title (“ELT”) • 10.7 Customer Demands Title • 10.8 Multiple Transfers • 10.9 Duplicate Title Application • 10.10 Transfer of California Registration Only (Goldenrod Registration) • 10.11 Transfer Only • 10.12 Bonded Transfers • 10.13 Non Resident Vehicle Transfers • 10.14 Vehicles with Unavailable Records • 10.15 Waiver of Fees and/or Penalties • 10.16 Title Errors and Corrections • 10.17 Temporary Operating Permit • 10.18 Transporter Permit • 10.19 DMV Forms