9.000 General Information 9.005 Completion of the Wholesale Report of Sale (REG 396) 9.010 Distribution of the Wholesale Report of Sale (REG 396) The current version of the CAR purchase agreement requires Seller consent to an assignment.A franchised new vehicle dealer may wholesale a new vehicle to another franchised dealer. The fees are based on the first retail buyer's purchase price. This episode is ALL about wholesale purchase contracts!! Information you can expect to fill out includes the car's VIN, make, and model, the name and permanent address of each party involved, and the sales amount. To become a wholesale car dealer, you must obtain a certificate of completion from a licensed California Dealer School. Wholesalers generally use an assignment of contract agreement that allows them to transfer the property's purchase contract to a buyer. Question: Do you mean the contract you as the wholesaler would sign with the seller? The so-called "Purchase and Sale" agreement?