Who regulates used car dealers in Georgia?
The 14-member Georgia State Board of Registration of Used Motor Vehicle Dealers and Used Motor Vehicle Parts Dealers is composed of two divisions, a Used Motor Vehicle Division, and a Used Motor Vehicle Parts Division.
What is OFAC car dealership?
The Office of Foreign Asset Controls requires car dealers to check customer names against a database of known dangerous organizations and individuals.
How do you get a dealers license to buy cars at auctions in GA?
How to Get a Georgia Auto Dealer License
- Obtain a Permanent Business Location.
- Obtain a Sales Tax Number.
- Submit a Criminal Record Check and Fingerprints.
- Attend a Pre-Licensing Seminar.
- Obtain Proof of Liability Insurance Coverage.
- Obtain Your Auto Dealer Bond.
- Submit Your Dealer License Application.
How much does it cost to get a used car dealer license in GA?
Licensing Fees The application fee for initial licensure is $170. You’ll have to pay the same amount for each additional business location you wish to operate. The renewal fee is $150 if you renew your license on or before March 31st of even-numbered years.
Can I return a used car in Georgia?
Contrary to a popular rumor, there is no cooling-off period or statutory right to cancel a vehicle purchase contract, and in fact very few dealers will agree to allow you to cancel. In essence, once you have signed the contract, you have bought the vehicle, even if you haven’t yet driven it off the dealer’s lot.
Is there a lemon law for used cars in Georgia?
The Georgia Lemon Law. Georgia’s Lemon Law is designed to help you get a defective vehicle repaired by the manufacturer. If your motor vehicle cannot be repaired after a reasonable number of attempts and is found to be a “lemon”, the law requires the manufacturer to replace or buy back (repurchase) the vehicle.
What does the Patriot Act have to do with buying a car?
The U.S. Patriot Act, which was passed to fight terrorism in 2001, does not mandate that car dealers run a credit check and does not require you to allow a credit check to occur. Car dealers are allowed to pull your credit only if you consent, according to the Fair Credit Reporting Act.
What is the penalty for violating the Federal Trade Commission used car rule?
$46,517 per violation
What If I Don’t Comply? Dealers who violate the Used Car Rule may be subject to penalties of up to $46,517 per violation in FTC enforcement actions.
How many cars can I sell in Georgia without a dealers license?
Generally, you are allowed to sell no more than four vehicles per year without having an auto dealers license under Department of Licensing (DOL) guidelines.
How do I become a used car dealer?
How to start a used car dealership
- Market research. Before buying your first used car, find out what types of cars are selling well in the city/town you will be operating in, including details of how much they typically sell for.
- Have a business plan for your used car dealership.
- Apply for trade plates.
- Sell a used car.
How long do I have to return a used car to a dealership in Georgia?
I have to tell them that there is no “cooling off’ period in Georgia in the purchase of a new or used car. Georgia law only provides for a three day right to rescind in the case of door to door sales of vacuum cleaners and encyclopedias or other home solicitation sales.
Is there a cooling-off period when buying a car in Georgia?
How long do you have to return a used car in GA?
Can you return a used car in GA?
Why do car dealers ask for SIN number?
Some private sector organizations will ask for a SIN when checking your credit rating, to increase the probability they are checking or updating the right person’s credit records. Some ask for identification or client account number even though there is no legal basis to request it.
Why do car dealers ask for social security number?
The main reason is that almost all financial transactions worth $10,000 or more have to be reported to the Internal Revenue Service, and the dealer will need your Social Security number for that.
Does the Georgia lemon law apply to used vehicles?
Does Georgia Lemon Law Cover Used Cars and Other Used Vehicles? As a general rule, OLDER MODEL USED CARS(models older than model year 2016) and other vehicles, whether purchased or leased in Georgia, ARE NOT covered by the Georgia Lemon Law. This law is also known as the Georgia Motor Vehicle Warranty Rights Act.
Is flipping cars illegal in Georgia?
In Georgia, it looks like you can’t flip any cars without a deal license. However, you seem to be clear if you keep it under 5.
How many cars can you sell before being classed as a trader?
There are no hard and fast rules on how many cars you need to sell to be a trader. Some insurance policies will need you to sell a vehicle every 1-2 months to be classed as a trader and be eligible for insurance. Every individual insurance company varies.
Why join the Ga in charge dealer network?
Dealers: Show your commitment to selling and servicing electric vehicles by joining the GA in Charge dealer network! Copyrights, credits and attributions. All rights reserved.
How do I become a used motor vehicle dealer?
You must submit a complete a Used Motor Vehicle Dealer application along with the appropriate fee and documentation. Before submitting the application, you must attend a Board-approved pre-licensing seminar, obtain an established place of business, and have a working landline telephone installed and listed in the business name.
What does it mean to be an licensed car dealer?
Licensed dealers must have an established place of business that meets the criteria set forth in the Rules and Laws. This established place of business can be an open lot, or it can be an office from which used motor vehicle transactions are conducted.