#realcardealerschool @gotplates

wholesale dealer auctions must hold a valid dealer license

by

dealerplate

Wholesale auto auction dealers must report vehicle sales on a Vehicle Auction Wholesale Report of Sale (REG 398).

  • The REG 398 includes the phrase “sold through” and contains the:
    • name, address, and dealer number of the selling dealer;
    • name, address, and number of the dealer conducting the auction;
    • date of delivery and the actual odometer mileage reading at the time of delivery to that dealer; and
    • name, address, and dealer number of the dealer acquiring the vehicle.
  • The wholesale auto auction dealer must also complete the “Sold through Auction if Applicable” portion of the “dealer transactions only” section on the reverse side of the title.
    • If the title does not contain a specific space for the auto auction endorsement, the auction must complete one of the dealer sections on the title.
    • Endorsement in the margin of the title is not allowed.
    • If there is insufficient space in the dealer endorsement section, a Vehicle/Vessel Transfer and Reassignment form (REG 262) must be completed.

where do i find the VIN ???

by

What’s a VIN?
A Vehicle Identification Number (VIN) is the 17-character identifier for your car, truck, or motorcycle. It looks like this: 1VXBR12EXCP901213, and encodes the vehicle’s manufacturer, features, and serial number. No two vehicles have the same VIN, so it serves as your car’s fingerprint– this allows for all reports of accidents, title problems, insurance incidents, and more to be tracked through each vehicle’s VIN.

Through VinAudit.com, you can look up records associated with your VIN instantly:

Enter VIN:
What’s this? Example: 1VXBR12EXCP901213

Where can I find my VIN?
You can find your vehicle’s VIN in the title document, the vehicle registration, and on the insurance policy. The VIN could also be located at the following locations on the car itself:

 

  • On the driver’s side dashboard
    (viewable through the windshield)
  • On the driver’s side door
    (on a sticker in the door jamb)

Why would I order a VIN report?
A VIN report lets you learn about your vehicle’s history. It includes checks for whether the car has been stolen, experienced accidents, recorded as salvaged, as well as many othertitle problem checks. Ordering a VIN report before purchasing a vehicle allows you to catch potential problems and purchase with confidence.

where do i find the VIN ???

by

What’s a VIN?
A Vehicle Identification Number (VIN) is the 17-character identifier for your car, truck, or motorcycle. It looks like this: 1VXBR12EXCP901213, and encodes the vehicle’s manufacturer, features, and serial number. No two vehicles have the same VIN, so it serves as your car’s fingerprint– this allows for all reports of accidents, title problems, insurance incidents, and more to be tracked through each vehicle’s VIN.

Through VinAudit.com, you can look up records associated with your VIN instantly:

Enter VIN:
What’s this? Example: 1VXBR12EXCP901213

Where can I find my VIN?
You can find your vehicle’s VIN in the title document, the vehicle registration, and on the insurance policy. The VIN could also be located at the following locations on the car itself:

  • On the driver’s side dashboard
    (viewable through the windshield)
  • On the driver’s side door
    (on a sticker in the door jamb)

Why would I order a VIN report?
A VIN report lets you learn about your vehicle’s history. It includes checks for whether the car has been stolen, experienced accidents, recorded as salvaged, as well as many othertitle problem checks. Ordering a VIN report before purchasing a vehicle allows you to catch potential problems and purchase with confidence.

#realcardealerschool

800-901-5950