Dealer Bond vs. Cash Deposit
In order to operate as a dealer in California, the California Department of Motor Vehicles (“DMV”) requires dealers to provide a $50,000 dealer bond to protect purchasers, sellers, financing agencies, […]
Category: Used-Car Dealerships
Electronic Signatures in Vehicle Sales
Electronic transactions have vastly simplified the way many industries document deals. Several of my automobile dealership clients have inquired as to whether vehicle transactions can be documented electronically. Currently, the […]
California Assembly Bill (AB) 516 – Temporary License Plates
September 20, 2018 Re: California Assembly Bill (AB) 516 – Temporary License Plates California Assembly Bill (AB) 516 was chaptered on July 25, 2016, with an implementation date […]
Proposition 65 Warning & Your Dealership
PROP 65 GENERALLY Prop 65, aka the Safe Drinking Water and Toxic Enforcement Act, requires CA to publish a list of chemicals known to cause cancer or reproductive toxicity, and […]
Why it is Important to Document Employment Relationships
Most dealerships in California utilize a commission compensation structure in order to pay their sales staff. Doing so is generally allowed if the dealership complies with the myriad of laws […]
Why A Safety Inspection Is So Important!
A safety inspection for a vehicle that your dealership is going to offer for sale to the public is not just a good idea, it is required by law. A […]
Court Rules Services Advisors are Exempt
On April 2, 2018, the United States Supreme Court issued its opinion in Encino Motorcars, LLC v. Navarro, et al. No. 16-1362 (“Encino”). In Encino, […]
Battle Of The Forums: Deciding On A Venue For Arbitration
So you have sold a vehicle. You have informed the customer that, per the Retail Installment Sales Contract, any and all disputes they may have […]
Changes To The Buyer’s Guide
Starting January 27, 2018, the Federal Trade Commission will require all used automobile dealers to use a revised Buyers Guide. The revised Buyers Guide: Changes the description of an “As […]
New Law Affecting Your Dealership
In June of 2015, on behalf of one of our dealers, our firm secured an order, by the United States District Court for the Central District of California, dismissing a […]