will beepi.com survive with its disruptive policy & dmv regulation ???

Beepi Raises $60 Million in Series B Funding to Fuel National Expansion

Peer-To-Peer Marketplace Transforming the Way People Buy and Sell Cars

Beepi, the leading peer-to-peer marketplace to seamlessly buy and sell cars online, today announced it has closed $60 million in Series B funding. In this round, Foundation Capital and SherpaVentures join existing investors Redpoint Ventures, SherpaFoundry CEO Tina Sharkey, OLX founder Fabrice Grinda, IG Expansion co-founder Jose Marin, Homeawayco-founder Brian Sharples, former Loopnet CEO Rich Boyle and Silicon Valley Bank. The new infusion of capital will allow Beepi to accelerate the growth and expansion of its platform, bringing seamless, hassle-free car buying and selling to consumers across the United States.

“Beepi is transforming the antiquated car industry. This investment will help us to continue to make significant strides to change how Americans are buying and selling cars, the most expensive purchase many people are making,” said Ale Resnik, CEO and co-founder of Beepi. “The past six months have shown us that there is a real demand to buy and sell cars 100% online and we’re excited for the next stage of growth for the company.”

This Series B funding comes on the heels of Beepi’s recent expansion into the Los Angeles market and the introduction of Beepi Prime – its exclusive, customized delivery service – in 140 U.S. cities. As part of its seamless financing experience, the company also offers prospective buyers immediate pre-approval for loans at check-out. Buyers can pay for any car in the Beepi marketplace with a bank transfer, cashier’s check, up to six different credit cards at once or even bitcoin.

“As early investors in Lending Club, we saw the power of marketplace lending to enable both sides of a financial transaction to win — for transparency and simplicity to make everyone better off. We are thrilled to back Beepi, which is reinventing another hundred year old industry with the world’s first high-trust, peer-to-peer, used car marketplace that when combined with compelling auto financing options has the potential to blow open a massive market opportunity hidden in plain sight,” said Steve Vassallo, General Partner at Foundation Capital, who will be joining Beepi’s board.

“Uber has shown that huge segments of the population are being reshaped by the on-demand economy. Much like Uber revolutionized personal transportation, Beepi is revolutionizing the way we think about buying and selling cars,” said Shervin Pishevar, Managing Director & Co-Founder of SherpaVentures and Strategic Advisor and Board Observer at Uber. “Beepi takes a wildly unpleasant experience like buying a used car and transforms it into one filled with delight, trust and ease. This investment is an opportunity to bring that joyful Beepi experience to people across the country,” stated Pishevar, who will also become a Board Observer at Beepi.

Much like Tesla and Uber, Beepi has established itself as a disruptive force in the auto industry. Currently the company receives over 1,000 requests a week to sell cars from residents in the San Francisco Bay Area alone. As it continues to recreate how people approach buying and selling cars, Beepi will continue to expand its offerings and simplify the process for buyers and sellers alike.

About Beepi

Founded by Ale Resnik, CEO, and Owen Savir, COO, Beepi is a new way to buy or sell a great car completely online. For too long, buying and selling a car has been a complex and even terrifying process — whether it be because of poor experiences at dealerships, spending too much time haggling over prices, or ending up with a vehicle that falls way below expectations. Beepi is changing that experience by giving consumers an end-to-end experience when buying or selling a car; one that’s also fast, simple, safe and fun. For more information, please visit www.beepi.com.

SutherlandGold Group for Beepi
Ashley Thompson, 415-848-7177

every used vehicle advertised as certified by a licensed dealer must include a warranty

with the advent of online startups

breaking every rule imaginable

they have forgotten one important rule

every vehicle advertised by a licensed dealer as certified

must include a warranty ( car buyer bill of rights enacted july 2006 )


every vehicle advertised must have a smog, safety check, buyers guide and vehicle history

present at their licensed location and/ or on the vehicle before it is offered for retail sale


the entire sale is at risk

as is the validity of their sales contract

as is the validity of their car dealer license

just a thought for dmv investigations


for those that care to follow the rules




consider this advice one ounce of prevention


we are often asked in our car dealer class

what is the most efficient way to register a vehicle on behalf of your customer ???

we use a DMV REG 262 form in most situations

but ocassionally we suggest a durable power of attorney


fleet purchases

letter of credit transactions

vehicle being shipped overseas

probate and estate vehicle sales


car dealer licensing made simple




deferred down payments cannot be misrepresented on the sales contract

in recent discussions with larry, executive director of IADAC

we discussed the need for enhanced car dealer education

for existing licensed used car dealers

in that regard here is an article written by a prominent IADAC car dealer attorney

Lawrence Miles




CheckCalifornia’s Automobile Sales Finance Act requires in relevant part that dealers disclose deferred down-payments on the line identified in the standard-form retail installment sales contract.  A customer will often ask, “Can I bring the other $500 in next Monday,” and dealers typically think nothing of it.  However, a recent Appellate decision demonstrates that dealers who fail to disclose deferred down-payments on their retail installment sales contracts are easy targets for lawsuits.

In Rojas v. Platinum Auto Group, Inc., 212 Cal. App. 4th 997, 151 Cal. Rptr. 3d 562 (2d Dist. 2013), the Court held that California law requires strict compliance with this aspect of the state’s Automobile Sales Finance Act (“ASFA”), rejecting the dealer’s argument that “substantial compliance” was sufficient to avoid liability. In Rojas, the dealer listed four payments totaling $2,000 as a “down payment”, instead of as a “deferred down-payment”,notwithstanding that the payments were spread over three months.  The dealer argued that he had made the important or “material” disclosures required by the ASFA and that listing the payments on the “down payment” line instead of the “deferred down payment” line was a technical violation that did not harm the consumer.  In short, the dealer argued that his “substantial compliance” with the critical disclosures required by the statute, such as the actual purchase price, interest rate, payments, and other key terms, was adequate.

In rejecting the dealer’s argument, the Court observed that the ASFA is a consumer protection statute which is strictly enforced to achieve the consumer benefit which the Legislature intended.  It noted that the failure to properly disclose the deferred down payment harms consumers because lenders are misled into believing that the consumer has sufficient financial strength to make the down payment, as opposed to the reality of having to“defer” the down payment over a period of time. Thus, consumers are induced to enter into contracts for the purchase of a vehicle which they cannot afford.

The Rojas decision will disappoint dealers who were hoping for a “no harm, no foul” decision from the Court.  Dealers have long chafed at the deferred down payment disclosure requirement precisely because some lenders do push back on buying such contracts.  However, dealers should review this issue with their lenders and not assume that lenders will reject deals with deferred down payments. Most lenders today will accept contracts that disclose deferred down payments so long as the deferred down payments are properly disclosed and collected prior to assignment of the contract.

The penalty for violating the ASFA is typically rescission of the contract, even if the contract has run its course several years later and you are suing to collect a deficiency judgment.  Dealers who have failed to disclose deferred down payments but have “Hold Check Agreements” and copies of several “down payment” checks in their deal jackets are providing the necessary evidence of culpability.

Worse, dealers are an easy target for a class action lawsuit if they fail to disclose deferred down payments.  In a class action lawsuit Plaintiffs seek to review three or four years of your deals for evidence of a systematic violation of the ASFA and the liability escalates exponentially, including the prospect of paying enormous attorney fees to plaintiff’s class counsel, not to mention your own defense costs.

Just remember:  there is nothing wrong with a deferred down payment that proper disclosure won’t cure.

About Lawrence Miles
Mr. Miles is founding attorney with The Miles Law Firm, A Professional Corporation. The firm practices civil and business law, including extensive work in the auto and aviation industries. For more information, please email Mr. Miles at larry@milesfirm.com or review the Firm’s website.+++++WE OFFER THE FINEST CAR DEALER EDUCATION IN CALIFORNIADMV CERTIFIED SINCE 1998






obtain your car dealer license with dmv training from gotplates.com

Applicants applying for a used dealer or dealer-wholesale only must attend a dealer education program and pass a written examination administered by the Department of Motor Vehicles before submitting their application (11704.5 CVC).
The purpose of this program is to ensure that applicants are aware of the laws and regulations governing the operation of a used vehicle dealership in California.
• What is a Dealer Education Provider?
A dealer education program provider is a private vendor who has been authorized by the DMV to instruct potential applicants for a used vehicle dealer license on laws and regulations governing the operation of a used vehicle dealership in California. Dealer Education Provider’s are listed on our website at:

• Who is required to successfully complete a dealer education program?
− Sole owner
− All partners who manage the business
− A corporate officer who manages the business
• Who is not required to successfully complete a dealer education program?
− A person applying for a new vehicle dealer’s license or any employee of that dealer.
− A person who holds a valid license as an automobile dismantler, an employee of that dismantler, or an applicant for an automobile dismantler’s license.
− A person applying for a motorcycle only dealer’s license or any employee of that dealer.
− A person applying for a trailer only dealer’s license or any employee of that dealer.
− A person applying for an all-terrain only dealer’s license or any employee of that dealer.
• Where do I go after I successfully complete the dealer education class?
After successfully completing the class you will be issued a completion certiicate. You must contact a DMV Inspector in your area to take the test.

The test consists of 40 questions and must be passed with at least 70%
For testing appointments and information regarding a dealer’s license, please call one of the Inspectors in your area.
You must present your original completion certiicate, issued by the provider, and your current California driver’s license or California identiication card to take the test.
NOTE: Completion certiicates issued for completion of approved dealer education programs will be valid for submission with new dealer license applications for a period of only one year from the date of program completion
(268.08[b] CA Code of Regulations).
• Is there a charge to take the test?
Yes, you will be charged $16 to take the test. If you do not pass, you may retake the test after a seven (7) day waiting period.You will be charged $16 each time the test is taken.
• What if I can’t pass the test?
If, after three attempts, you cannot pass the test, you will be referred to the education provider listed on your completion certiicate to determine if additional training is needed.
• Can I submit my application before attending the dealer education class?
Applications for a used vehicle dealer’s license will not be accepted by the department without proof of completion of the used dealer education program and proof of successfully passing the examination or proof of being licensed as a vehicle dealer within the past 36 months.
• Where can I obtain application forms?
You may call at (916) 229-3126 or download the application from the Internet at www.dmv.ca.gov

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tesla wants to write a new car dealer handbook ( in all 50 states )

Automaker Tesla looks to bypass car dealers

The Tesla showroom at the Natick Mall has an electric car on display.


The Tesla showroom at the Natick Mall has an electric car on display.

Across from the Victoria’s Secret at the upscale Natick Mall is the kind of stylish storefront where you would expect to buy designer jeans, boutique jewelry, and chic accessories.

But the expensive bauble on sale in this storefront is a car — the super-sleek, super-fast Tesla electric vehicle. And the Natick outpost may just be the car showroom of the future, as Tesla plans to soon introduce a midpriced model intended to broaden its appeal among car buyers.

That is, if Tesla wins its pitched battle with Massachusetts auto dealers over the right to sell its vehicles directly to the public from a comfy store, or over the Internet, rather than through a traditional car dealership, as usually required.

On Tuesday, the fight landed the two sides before the state Legislature, where Tesla and local auto dealers, through their state association, asked lawmakers to legislate the terms of car buying in Massachusetts in their respective favors.

The hearing Tuesday on Beacon Hill featured polar policies: one bill that would expressly outlaw Tesla’s direct-to-consumer sales model, and another that would legalize it.

“It really comes down to consumer choice,” said Natick state Representative David Linsky, who is sponsoring the pro-Tesla bill. “What delivers the best deal, the best service for the consumer? Let’s let the market determine it.”

Elon Musk is chief executive of Tesla, which is fighting battles in other states that have franchise laws like the one in Massachusetts.


Elon Musk is chief executive of Tesla, which is fighting battles in other states that have franchise laws like the one in Massachusetts.

The outcome of the case could help shape how consumers go about buying cars, holding out the prospect that it someday may be as easy as, say, going to the Apple store to order a new laptop.

The dealer franchise law was adopted to protect local car sellers from undue pressure from the major automakers by, for example, preventing manufacturers from opening their own nearby car lots and underselling their own dealers.

Robert F. O’Koniewski, executive vice president of the Massachusetts State Auto Dealers Association, said the law protects consumers because it encourages car sellers to compete with each other; allowing a carmaker to act as its own dealer would eliminate the dynamic of competition within the brand.

And all Tesla has to do, O’Koniewski said, is join the crowd and sell its cars through the independent dealer system.

“This has nothing to do with trying to prevent them from doing business in the Commonwealth,” O’Koniewski said. “It has everything to do with following the law, like the other 412 dealers have to do and the other 25 manufacturers have to do.”

But Tesla counters that independently owned dealers are in effect exerting a monopoly on car sales in Massachusetts. James C. Chen, the company’s vice president of regulatory affairs, told lawmakers Tuesday that Tesla might shift to a franchised dealership model in the future, but for now the 10-year-old company only makes 21,000 cars per year — not nearly enough to support a network of dealerships selling Teslas exclusively.

That means a dealer would have to sell Teslas alongside gas-powered vehicles, which sets up a conflict of interest, Chen argued.

“There is a financial disincentive for them to sell electric vehicles, versus their internal combustion engine vehicles,” he said. “To tout the benefits of an electric car would naturally denigrate the incumbent technology.”

This is the second major debate in the past year in Massachusetts about competition in the auto industry. The “right to repair” battle pitted auto manufacturers against independent mechanics over access to diagnostic and repair information, which now must be made available through a universal system by 2018. Proponents argued it was unfair for carmakers to monopolize that information and force consumers to bring their vehicles to auto dealers, where manufacturers would receive a slice of the repair bill.

Tesla, meanwhile, is fighting similar battles in many other states that have franchise laws like the one in Massachusetts. The company is also dealing with a troublesome setback, as federal safety inspectors on Tuesday launched an investigation into whether Tesla’s Model S electric car is vulnerable to fires because roadway debris can pierce the car’s underbody and battery — igniting fires in two Model S cars recently.

The lower-powered Tesla begins at around $70,000 and can top $120,000 with a larger battery and the kind of luxury amenities found in cars made by Jaguar and BMW.

Despite its price tag, the Tesla Model S has wowed car aficionados and industry reviewers with its super-fast performance, super-sleek design, and high-tech interior. No less a gimlet eye than Consumer Reports earlier this year gave the Model S a near-perfect rating — 99 out of 100 — and described the car’s performance as “a silent yet potent surge of power that will make many sports cars weep with envy.”

The higher-powered version can travel about 265 miles on a single charge and recovers about 30 miles for every hour of charging with a traditional plug.

Supercharging stations, which Tesla is building at highway rest stops across the country — with two in Connecticut — can provide a simple repower in less than an hour.

The company plans within the next few years to unveil a more affordable car that it expects will start at about $35,000, though a firm release date has not been set. More immediately, Tesla will again try to push the futuristic envelope with its Model X SUV, scheduled for next year at a similar price as the Model S. The Model X will feature “falcon wing” doors that open vertically.

The Tesla’s performance is one of the reasons Hingham resident Laura Burns bought the Model S. But she said the best part was the direct-buying experience.

“There may be people who like to haggle with dealers, but I don’t know any,” she said. “Most people hate it. The experience was night and day.”

Callum Borchers can be reached at callum.borchers@globe.com. Follow him on Twitter @callumborchers.

the best car dealer class AND the lowest price


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we have been teaching car dealer education

16 years for the california dmv


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we offer online preparation prior to the actual car dealer class


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we offer consulting and problem solving for existing car dealers


come and see if this is RIGHT for you






serious car collector wholesale dealer license ( san mateo )


the tax incentive

for serious car collectors

increases exponentially when

vehicles are acquired, held and disposed of through

a wholesale home based part time car dealer license.

come to our newest class

and learn how easy it is to get licensed


home past part time office

car dealer bond of $ 10k ( $ 300. per year )

car dealer insurance ( $ 2500. per year )

car dealer license plates ( $ 70. each per year )

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wholesale ( dmv registration free ) acquisition

wholesale dmv auction access

classes start at $ 200. for this car dealer class location

good luck








union membership beats a clean carfax every time #realcardealerschool

car dealer compliance tips from the #realcardealerschool

we recently met with larry, executive director of IADAC

and we discussed the need for enhanced car dealer education

in that regard

we offer specific tips for continued compliance

for existing california car dealers

consider joining IADAC to show buyers you have integrity

car dealers have a tough time establishing integrity

it usually comes one customer at a time

when a used car buyer checks the car dealer union membership list

and sees your dealership clearly listed

it gives them peace of mind

that you are a professional

committed to good service and not one to play games

gain added trust when you join the car dealer union

join IADAC today for less than $ 300 per year

it is money well spent



dmv certified car dealer education since 1998

the only #realcardealer certified to teach




campbell car dealer school…..taught by a real car dealer

imagine this

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we are not attorneys

we are not tax advisors

we are not bond agents

we are not insurance salespeople

we are not selling you car dealer forms


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getting started requires our

Car Dealer Class


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$ 10,000 baby bond for wholesale only and retail motorcycles

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we treat you like a rare vintage collectible at the #realcardealerschool

wholesale car collectors struggle to hold ownership

of their collectible vehicles with our high california sales tax, registration fees and insurance costs

many hold their collection on an ” open title ” without legal protection of registered ownership

penny wise and pound foolish

how about a legal way to hold ” open title ” collectible inventory

with legal avoidance of sales tax

with legal avoidance of registration fees

and with one fleet insurance policy


not really

just a very focused effort at wholesale dealer licensing

benefiting the wealthy car collector in a big way

we offer private car dealer license classes

for those who need privacy with their questions

and for those who prefer one on one individualized instruction

our private class fee is $ 300 per person at our location(s)

add $ 45 for our car dealer license handbook

add $ 55 for our retail forms compliance kit

we have an on-site price of $ 800.

which includes up to 3 students

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for a flat fee

at your location

travel is added if the teacher must travel over 100 miles

private classes are arranged by appointment only

move your collection into your inventory as soon as you like




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is it time to pay your car dealer union dues ??? #realcardealerschool

car dealer compliance tips from the #realcardealerschool

we recently met with larry, executive director of IADAC

and we discussed the need for enhanced car dealer education

in that regard

we offer specific tips for continued compliance

for existing california car dealers

consider joining IADAC for used car dealer support

the car dealer world is constantly changing

smog, safety, buyers guide and vehicle history requirements

document fee restrictions

financing disclosure obligations

lend a hand to those that support

the small used car dealer

join IADAC today for less than $ 300 per year

it is money well spent



dmv certified car dealer education since 1998

the only #realcardealer certified to teach




wholesale dealer licenses and plates from indiana have been outlawed

the indiana wholesale dealer plate scam

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indiana has outlawed their wholesale dealer plate system

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