Oregon Automobile Dealers Industry Information Pamphlets
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How to fill out Automobile Dealers Industry Information Pamphlets?
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The FTC's (Federal Trade Commission) Used Car Rule requires California Dealers to post a Buyers Guide in every used car they offer for sale. You must post a Buyers Guide before you display a vehicle for sale or let a customer inspect it for the purpose of buying it, even if the car is not fully prepared for delivery.
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Auto dealers are subject to extensive federal and state consumer protections. Dealers are regulated effectively by, among other agencies, the Federal Trade Commission (FTC) and the Federal Reserve Board.
The three-year license fee is $1,187 and includes one plate. Every additional plate costs $54. Licensing a second location means you need to pay an additional $350 fee.
How Many Vehicles Can I Sell in California in a Year? Within the state of California, you can only sell up to five vehicles within a year without a vehicle dealer's license.
Federally Mandated. The FTC's (Federal Trade Commission) Used Car Rule requires California Dealers to post a Buyers Guide in every used car they offer for sale.
Under the amended Rule, dealers must display a revised window sticker called a Buyers Guide, which contains warranty and other important information for consumers, on each used car they offer for sale. The compliance sweep was conducted between April and June 2018, in 20 cities nationwide.
If the person has sold, traded, displayed or offered for sale, trade or exchange more than five vehicles in one calendar year, the person shall have the burden of proving that the person owned the vehicles primarily for personal, family or household purposes or for other purposes that the Department of Transportation,
The Buyers Guidethe major mechanical and electrical systems on the car, as well as some of the major problems that consumers should look out for;whether the vehicle is being sold "as is" or with a warranty;what percentage of the repair costs a dealer will pay under warranty;More items...
There is no minimum number of cars an individual can sell before they are deemed to be a trader. A person will only be considered a trader if they buy cars mainly for the purpose of reselling them at a profit, regardless of the number of vehicles sold each year.