national motor vehicle title information system lingo

+++++

NMVTIS Glossary

Anti-Car Theft Act: Act passed in 1992 to prevent and deter auto theft. Title II of the Act authorizes NMVTIS and is intended to address automobile title fraud. The NMVTIS Final Rule was published in the Federal Register on January 30, 2009.

Auto Recycler: A business that acquires vehicles for recycled use as parts, scrap, or similar purposes.

Brand: Descriptive labels regarding the status of a motor vehicle, such as “junk,” “salvage,” and “flood” vehicles.

Certificate of Title (Title): A document issued by a state showing ownership of an automobile.

Consumer: The individual or entity buying an automobile or financing the purchase of an automobile. Consumers include private individuals, dealers, auction companies or entities engaged in the business of purchasing used automobiles, lenders financing the purchase of new or used automobiles, and automobile dealers.

Insurance Carrier: An individual or entity engaged in the business of underwriting automobile insurance.

Junk Automobile: An automobile that:
(A) Is incapable of operating on public streets, roads, and highways; and
(B) Has no value except as a source of parts or scrap.

Junk Yard: An individual or entity engaged in the business of acquiring or owning junk automobiles for:
(A) Resale in their entirety or as spare parts; or
(B) Rebuilding, restoration, or crushing.

NMVTIS Operator: The individual or entity authorized or designated as the operator of NMVTIS under 49 U.S.C. 30502(b), or the office designated by the Attorney General, if there is no authorized or designated individual or entity.

Purchaser: The individual or entity buying an automobile or financing the purchase of an automobile. Purchasers may be private citizens, dealers, auction companies or entities engaged in the business or purchasing used automobiles, lenders financing the purchase of new or used automobiles, and automobile dealers.

Salvage Automobile: An automobile that is damaged by collision, fire, flood, accident, trespass, or other event, to the extent that its fair salvage value plus the cost of repairing the automobile for legal operation on public streets, roads, and highways would be more than the fair market value of the automobile immediately before the event that caused the damage. Salvage automobiles include automobiles determined to be a total loss under the law of the applicable jurisdiction or designated as a total loss by an insurer under the terms of its policies, regardless of whether or not the ownership of the vehicle is transferred to the insurance carrier.

Salvage Pool: An entity that acquires junk and salvage automobiles from a variety of parties and consolidates them for resale at a common point of sale.

Salvage Yard: An individual or entity engaged in the business of acquiring or owning salvage automobiles for:
(A) resale in their entirety or as spare parts; or
(B) rebuilding, restoration, or crushing.

This definition includes scrap vehicle shredders and scrap metal processors, as well as “pull- or pick-apart yards,” salvage pools, salvage auctions, and other types of auctions, businesses, and individuals that handle salvage vehicles (including vehicles declared a “total loss”).

Total Loss: The cost of repairing such vehicles plus projected supplements plus projected diminished resale value plus rental reimbursement expense exceeds the cost of buying the damaged motor vehicle at its pre-accident value, minus the proceeds of selling the damaged motor vehicle for salvage.

VIN: Vehicle Identification Number; a unique number given to each motor vehicle for identification purposes.

Lindsay-Lohan-in-Obsession-in-Red-by-Harvey-Edwards

every car dealer needs test drive coverage ( 11580 insurance code )

garagekeeperliability.com

+++++

11580 of the insurance code

makes the prospective buyers insurance primary coverage

and makes the dealer insurance secondary coverage

so that

if your prospective buyer stacks up the dealer car on a test drive

the dealer can make claim on the prospective buyers insurance

+++++

protect yourself with the proper paperwork on ALL test drives

good luck

gotplates.com

thx

charlotte

800-901-5950

every car dealer license holder MUST have an office

Established Place of Business: Posting

11709.  (a) A dealer’s established place of business, and other sites or locations as may be operated and maintained by the dealer in conjunction with his or her established place of business, shall have posted, in a place conspicuous to the public in each and every location, the license, or a true and exact copy of the license, issued by the department to the dealer and to each salesperson employed by the dealer and shall have erected or posted thereon signs or devices providing information relating to the dealer’s name and the location and address of the dealer’s established place of business to enable any person doing business with the dealer to identify him or her properly. A sign erected or posted pursuant to this subdivision, on an established place of business, shall have an area of not less than two square feet per side displayed and shall contain lettering of sufficient size to enable the sign to be read from a distance of at least 50 feet. This section shall not apply to a dealer who is a wholesaler involved for profit only in the sale of vehicles between licensed dealers.

(b) Notwithstanding Section 11704 and this section, a dealer may display vehicles at a fair, exposition, or similar exhibit without securing a branch license, if no actual sales are made at those events and the display does not exceed 30 days.

(c) A vehicle displayed displayed pursuant to subdivision (b) or (e) shall be identified by a sign or device providing information relating to the dealer’s name and the location and address of the dealer’s established place of business.

(d) This section shall not be applicable to a dealer who deals only in off-highway vehicles subject to identification, as defined in Section 38012.

(e) Notwithstanding Section 11704 and this section, a vessel dealer may display a trailer and may sell a trailer in conjunction with the sale of a vessel at a fair, exposition, or similar exhibit without securing a branch license if the display does not exceed 30 days.

dmv car dealer registration forms supply

Adobe Acrobat Reader is required to view, fill out and print forms. To incorporate the latest accessibility features download of the latest version of Acrobat Reader may be required. If you have problems with Acrobat Reader or our PDF form, select PDF Troubleshooting. To obtain a form by mail, call DMV’s automated phone service 24 hours a day, 7 days a week at 1-800-777-0133. To speak to an operator call between the hours of 8 a.m. and 5 p.m. Monday – Friday, Pacific Standard Time. For large quantities, read Ordering DMV Forms in Large quantities“.

file your car dealer license DBA online

+++++

once you have taken the car dealer class

once you have met with the dmv inspector and passed the test

you will download the dmv car dealer application

all owners of the dealership must:

take the class

pass the test

and be listed on the car dealer application

all owners must be listed on the DBA

+++++

filing a DBA ( doing business as )

is required by the DMV to complete

your car dealer license application

+++++

you will need the DBA to open a car dealer bank account

and

you will need to present it to the dmv inspector

good luck

Charlotte

gotplates.com

800-901-5950

used car dealer license procedure for california dmv

DMV Car Dealer Licensing Checklist

+++++
The process can be broken down into three steps:
Dealer Class, Practice Exam & Certificate
Getting your bond & submitting an Application
Final location inspection by your DMV Inspector

+++++
Here is a list of everything:
· Dealer Education School, Call TriStar Motors
800 – 901 – 5950 and to attend obtain your Certificate.
· Register On-Line at www.gotplates.com

+++++
Everyone must take the New Dealer Class,
http://www.dmv.ca.gov/pubs/vctop/d05/vc11704_5.htm

· Obtain the DMV Inspector’s number for your area and
leave a message to schedule the examination.
The DMV website @ www.dmv.ca.gov

+++++
Then from the dmv website, www.dmv.ca.gov,

the student must find the:
list of DMV inspectors,
http://www.dmv.ca.gov/fo/inspector_office.htm
application for dealers license,
http://www.dmv.ca.gov/vehindustry/ol/forms/vehicledealer.htm
list of registration forms,
http://www.dmv.ca.gov/forms/formsreg.htm

+++++

· Pay $ 16. and pass the DMV exam.

When you have studied and are prepared for the
DMV dealer examination the student will make an
appointment with the DMV Inspector.

The student will
need to take their:
CA photo ID & TriStar issued DMV Certificate of Completion.
The DMV dealer test is 30 minutes long, 40 questions,
multiple choice.
The student must get 28 correct out of 40, 70%, and
three chances are allowed on one certificate.
If the student does not pass, TriStar supplemental
training is always FREE.
If the student fails the test three times, TriStar will
make a full refund.

+++++
· Choose the Name, Location and Type of dealership.
Once the testing is complete the student begins to
build the business.

+++++
Every dealer needs to choose a name of the
dealership and a location.

+++++
Every dealer MUST have an office.

+++++
Every dealer needs to choose the type of dealership
and vehicle type with endorsements.
Dealer types: Retail or Wholesale Only
( Retail includes Wholesale )
Vehicle Types: A/C cars and trucks
M/C motorcycles
ATV all terrain vehicles
MH motorhome
Rec T recreational trailer
Trl trailer
SM snowmobile

+++++
Endorsements: AutoBroker

+++++
· Obtain the Zoning Verification Letter.
Every dealer must have their location zoning
approved, using the proper DMV form, by the local
planning authority for the office location.
The proper zoning
form:

http://www.dmv.ca.gov/forms/ol/ol902.pdf

+++++
· File a Fictitious Name Statement with the county clerk
and have it published in a local paper.
The dealer must file a Fictitious Name Statement with
the county clerk of jurisdiction for the office location.
A list of California county websites:
http://www.csac.counties.org/default.asp?id=7·

+++++

Obtain a Surety Bond in the amount of $ 50,000.
Wholesale & less than 25 cars/ year then $ 10,000.
The surety bond is a promise by the dealer to honor
all obligations on behalf of the dealership, including
DMV fees and penalties, State sales tax and a
judgment by any court against the dealership.
Cash, Savings or a Bond may be posted.
Your credit report will set the Bond Premium
Some credit scores will require collateral.
The DMV form needed to submit your bond:
http://www.dmv.ca.gov/forms/ol/ol25.htm
If less than 25 cars per year & wholesale only:
http://www.dmv.ca.gov/forms/ol/ol25b.pdf

+++++
· Obtain a Business License
The city or county issuing the zoning permission letter
will usually require a business license.
· Obtain a Live Scan Fingerprint Card.
To obtain a location check:

http://ag.ca.gov/fingerprints/publications/contact.php

DMV Live Scan information:
http://www.dmv.ca.gov/vehindustry/ol/livescan.htm
DMV Sample Live Scan Form
http://dmv.ca.gov/forms/ol/dmv8016.pdf

+++++

Obtain a Board of Equalization Seller’s Permit.
To obtain a location of a field office:
http://www.boe.ca.gov/info/phone.htm
Board Information on Registration:
http://www.boe.ca.gov/info/reg.htm#sales
Application Form:
http://www.boe.ca.gov/pdf/boe400spa.pdf

+++++
· Complete the Application and have someone read it
over for you to look for errors and omissions.

Ask your
DMV Inspector if you can FAX it in for review.
· Call the DMV Inspector and submit the Application with
your Bond Declaration Form. You must have a Bond in
place to submit your application. If you wish to be
considered for a temporary license, you must have all
photos completed as well.
list of DMV inspectors,
http://www.dmv.ca.gov/fo/inspector_office.htm
DMV photo requirements:
http://dmv.ca.gov/vehindustry/ol/photoreq.htm

+++++
Generally you will need:
11 photos for retail
8 for wholesale, 9 for wholesale with a broker endorsement

 They are:

1 Building photo
2 Outside sign photo ®
3 Display area photo ®
4 Office
5 Business License posting photo
6 Resale Permit posting photo
7 Telephone
8 Interior Signs ®
9 Locked Cabinet
10 Checkbook
11 Dealer Book

+++++
· Build your office before you contact the DMV Inspector
for final inspection and clearance.

+++++
· Obtain a phone and have a phone line installed in the
name of the dealership, including a 411 listing.

+++++
· If retail, Obtain and install exterior signs.
One sign if sole user of the location.
Multiple signs if mixed use at the location.

+++++
· If retail, Install the three Office Signs provided by TriStar

The No Cooling Off Period Notice to Public

The Inspection of Vehicle Notice to Public

Car Buyer Bill of Rights Disclosure

+++++

 Create a locked cabinet, desk drawer, file cabinet or safe to store DMV report of sale forms.

+++++

· Open a Bank Account in the name of the dealership.

+++++
· Label a thick 3 ring binder as your dealer book.

This book will hold for all updates sent by the DMV, all ROS
forms you might have to void & your broker log. ·

For registration forms write to:
DMV Forms Office
P.O. Box 932242, Sacramento,CA, 94232
Use the list of forms from the DMV website & add the
REG 262 to the list.
list of registration forms,
http://www.dmv.ca.gov/forms/formsreg.htm
Draft a letter on your dealer letterhead including a
copy of your DMV certificate of completion requesting
25 of each listed form.
These forms are sent at no charge.

+++++
· Contact for forms & disclosures.
Their website for dealer forms:
http://licenseframegirl.com

+++++
The four forms needed:

+++++
conditional sales contract CA553
English copy, 4 per set, latest version
Spanish Copy, 1 per set, latest version

+++++
as-is no warranty for Federal Buyers Guide, 327D
English copy, latest version
Spanish Copy, latest version

+++++

car buyer bill of rights option form
English copy, latest version
Spanish Copy,latest version

+++++

Not for Sale Sticker

+++++

· Create & have ready photos of your setup.
Instruction on photos @
http://www.dmv.ca.gov/vehindustry/ol/photoreq.htm

+++++
· Final inspection follows in 90 – 120 days following
clearance from Sacramento.
The DMV Inspector will call you for an inspection appointment.
· When you pass inspection you will receive your:
dealer number
wall license
car dealer license special plates
report of sale forms, for your type of license.

+++++

good luck

Joseph

gotplates.com

800-901-5950

got1

got flashers ( GREAT rolling stock advertisments ) ???

License Plate Inserts

(.015) One Color

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* 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
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car dealer school

car dealer insurance

used car dealer surety bond


we have retired dmv staff who will help build your license…..don’t be scammed getting licensed in california

ARE YOU CONSIDERING A WHOLESALE CAR DEALER LICENSE IN CALIFORNIA ???

come to our LA CAR DEALER CLASS with CLAUDIA PATTON

310- 216-1438

Invest $ 100. in your car dealer future

dont be stupid OR LAZY

and get scammed by out-of-state CAR DEALER LICENSE offers

we are gotplates.com at 800-901-5950

Which Class would you like?

Pre-Licensing In Person Class Choices:
$100.00 – New Dealer Class*
SPECIAL OFFER Register and pay for class online when you register. Take our online tutorial before coming to class & get $100.00 off your tuition. Must show completion certificate and receipt of payment in class.

$200.00 – New Dealer Class*

$300.00 – Private New Dealer Class

*New Dealer Classes must be completed In-Person.
Pre-payment and Online tutorial
completion simply gives you the best price.
See Class Locations for a program near you.
HERE ARE ALL OF THE CERTIFIED DMV CAR DEALER SCHOOLS

DMV Dealer Education Providers

Dealer education providers listed by type of class offered area (served) and name.
Area and
Type of Class Offered
Online/Home Study Continuing Education title Bay Area title Northern Area title Central Area title Southern Area title Provider
**X Auto Support Group
Phone: 1-714-588-1511
Email: E2000perez@yahoo.com
X Best Solutions
Phone: 1-619-546-4064
X X X X X Motorsports Market On-Line Courses, Live Classes and Home Study
Phone: 1-800-980-1967
Internet: www.motorsportsmarket.com
X X X X X Automotive Systems Analysis
Phone: 1-800-564-0984
Internet: www.autosystemsanalysis.com
X X X X X TriStar Motors, LLC
Phone: 1-800-901-5950
Internet: www.gotplates.com
X X 24-7 Dealer Training Specialists
Phone: 1-951-833-8398
Internet: www.24-7dealerclass.com
X X California Auto Dealer Education
Phone: 1-661-871-3311
Internet: www.cadeclasses.com
X Central Valley Dealers
Licensing Renewal Service
Phone: 1-209-333-0900
Email: chuckwentland@aol.com
X Superior Vehicle Dealer Training Institute
Phone: 1-949-305-8402
Internet: www.superiorbonds.com
X X Inland Empire/Orange County Dealer School
Phone: 1-909-880-1380
Internet: www.bigcardealer.com
X X X Dealer Training Experts of Northern California
Phone: 1-408-910-3876
Internet: www.dealersclass.com
X X X X X Dealer Intel
Phone: 1-415-613-4754
Internet: www.dealerintel.com
X X X X X $85 Dealer Education
Phone: 1-951-541-8390
Internet: www.waynesinsurance.com
X X X X Los Angeles Dealer School
Phone: 1-310-227-6920
Internet: www.dealerclass.com
*X Dealer License Seminars of San Diego
Phone: 1-619-665-6440
Internet: www.dealerseminars.com
X X X X X Golden State Educational Services
Phone: 1-916-395-7004
Internet: www.goldenstateeducation.com
X X Dealer Lessons
Phone: 1-877-772-3332
Internet: www.dealerlessons.com
X X X X X Dealer Education Services
Phone: 1-888-323-0031
Internet: www.dealereducation.com
X X Coffer Dealer Education
Phone: 1-888-694-1444
Internet: www.cofferdealereducation.com
X Cesar Carrascos Dealer Licensing Seminars
Phone: 1-619-474-0477
Internet: www.carrascogroup.com
X Colby Learning Center of San Diego
Phone: 1-619-559-5748
Email: colbylearning@aol.com
X X Dealers Support Group
Phone: 1-818-758-9951
Internet: www.dealerssupport.com
X Online Auto Dealer ED
Phone: 1-877-724-6150
Internet: www.onlineautodealered.com
X California Accredited Dealer Education
Phone: (714) 300-4148
Email:: cadeclass@aol.com

*Prelicensing only
**Continuing Education only

Last updated: 07/23/2012

learn how to broker new cars from gotplates.com

Autobroker s Endorsement

An autobroker’s endorsement requires payment of fees as required by subdivision (d) of Section 9262 of the California Vehicle Code.

A dealer may not engage in brokering a retail sales transaction without having an autobroker’s endorsement to their dealer’s license.

Upon issuance of an autobroker’s endorsement to a dealer’s license, the department shall furnish the dealer with an autobroker’s log.  The autobroker’s log remains the property of the department and may be taken at any time for inspection.

The autobroker’s log must contain the following information with respect to each retail sale brokered by that dealer:

  • Vehicle identification number of brokered vehicle
  • Date of brokering agreement
  • Selling dealer’s name, address, and dealer number
  • Name of consumer
  • Brokering dealer’s name, address, and dealer number (CVC Section 11735)

A dealer who brokers a motor vehicle sale shall deposit directly into a trust account any purchase money, including purchase deposits, it receives from a consumer or a consumer’s lender.

  • All trust accounts required by CVC Section 11737 shall be maintained at a branch of a bank, savings and loan association, or credit union regulated by the state or the government of the United States.

may i help you

tesla seeking to break new ground for car sales nationwide

Automaker Tesla looks to bypass car dealers

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

WENDY MAEDA/GLOBE STAFF

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.

PAUL SAKUMA/ASSOCIATED PRESS

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.

great time to become a used car dealer

Jeanette Pavini

JEANETTE PAVINI’S BUYER BEWARE Archives | Email alerts

This is a fantastic time to buy a used car

 By Jeanette Pavini

With the average price of used cars at a four-year low and the proliferation of certified preowned programs offered by car makers, this is a great time to be shopping for a used car. But you need to be well-prepared to get your money’s worth when you drive off the lot.

Some of the best news for used-car shoppers is that pent-up demand is driving up sales of new cars. New-car sales are rebounding strongly and Edmunds.com experts say that trend will continue next year. Plus, the number of expiring leases also is increasing. All this points to a bigger inventory of used cars.


Shutterstock.comEnlarge Image

It also means some models are sitting on the lots a bit longer, and the prices are going down. According to Edmunds.com, the average price for used cars in the third quarter was $15,617, the lowest it has been in four years.

If you’re after a Volvo, GMC or Chevrolet, then you’re in luck. According to Edmunds.com, those three brands sat on lots longer than others and therefore typically carried a lower price. But if you’re after a Honda, Toyota or Lexus, you may find an above-average price. These cars were most popular in the third quarter.

While timing and prices are important, there is also work to be done before you buy a used car, whether it’s from a dealer or an individual. Don’t just drive the car around the block. Give the car a thorough test drive on highways and hills.

Look for an inspection checklist like this used-car work sheet from DMV.org. It reminds you of all the things you need to do, like bringing a CD to test the car stereo, checking the windshield wipers, and making sure the car manual is in the glove department.

Research before you shop. Use a site like Edmunds.com, Kelley Blue Book’s KBB.com orTrueCar.com to estimate the value of the car. This will help you determine a fair price before you go into negotiations.

You may also want to research typical repair and maintenance costs for the vehicle you’re interested.

Some cars are far more expensive to fix and maintain than others, so even if you get a low price, you might still be paying big bucks in the long run. You can use calculators like Edmunds.com’s True Cost to Own feature. It calculates a variety of factors including maintenance and repairs to determine how much your vehicle will actually cost you. Also, check with your insurance company to see if your insurance will go up.

The Federal Trade Commission recommends checking an independent database service to review a vehicle’s history. They suggest the Justice Department’s National Motor Vehicle Title Information System. There is a small fee to receive a report, ranging from about $2.95 to $12.99. per report.

This service is good for more than just cars. You can find reports on buses, trucks, motorcycle, RVs, motor homes—even tractors. The report covers information about the vehicle’s title, odometer, and some damage history.

The National Insurance Crime Bureau has a free database where you enter a car’s vehicle identification number, or VIN, and can access a car’s history to see if it has been reported as a stolen but not recovered car, or a salvage vehicle. According to the NICB, the vehicles stolen the most often in 2012 were the Honda Accord, Honda Civic, Ford full-size pickup, Chevrolet full-size pickup, and Toyota Camry.

The FTC also suggests checking with a local consumer protection agency or your state’s attorney general’s office to find out if a dealer has any unresolved complaints.

The so-called Used Car Rule requires dealers to post a buyer’s guide in each used car (with the exception of dealers in Maine and Wisconsin). It must state whether a vehicle is being sold “as is” or under warranty, including how much of the repairs a dealer will cover under that warranty. Among other things, it will also tell you to have the car inspected by an independent mechanic before you purchase it. This is advice you should definitely take.

And finally, in many states you can purchase the right to a “cooling-off period.” You pay a fee based on the purchase price and if for any reason you change your mind, you have the right to bring the car back within a specified time period. Alternately, some states don’t have cooling-off periods, so check with your state’s motor vehicle department.

Emmy Award-winning broadcast journalist, documentarian and author Jeanette Pavini covers consumer and investigative news for numerous publications, radio and television. Jeanette is based in the San Francisco Bay Area.

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Jody Forster Enterprises is proud to be a Full Service Company providing Auto Dealerships with all their business necessities since 1991. Jody Forster understands the ins & outs of the Auto Business as her entire family have been actively working in the Auto Industry for the past 55 years. We believe  having an Automotive background gives us the Edge Above All the Others!

Jody Forster  began with  a small  6 x 6 booth and expanded covering Los Angeles Auto Auction, California Auto Dealer Exchange, Southern California Auto Auction, Riverside Auto Auction, Adesa Los Angeles and Quartz Dealer Direct Auto Auction. Currently, Jody Forster covers South Bay Auto Auction in Gardena on Monday and Norwalk Auto Auction in Norwalk  on Tuesday.  Come on out and meet with her.

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