Who regulates car dealerships in VA?
The Motor Vehicle Dealer Board
About the Agency The Motor Vehicle Dealer Board (MVDB) was established in 1995 by overwhelming support from the General Assembly and the dealer community as the state agency charged with the regulation and oversight of the new and used car and truck dealer industry.
How do you get a dealers license in VA?
Virginia Auto Dealer License Guide
- Obtain a Permanent Business Location.
- Complete a Pre-Licensing Course and Test.
- Obtain Proof of Liability Insurance.
- Obtain Your Auto Dealer Bond.
- Compile the Required Documents.
- Submit Your Dealer License Application.
What is a dealer reassignment form Virginia?
“REASSIGNMENT OF TITLE BY LICENSED MOTOR VEHICLE DEALER” (VAD-20): If a motor vehicle dealer sells a new motor vehicle to another dealer or customer and the reassignments on the MCO/MSO are full, the dealer can use the current VAD-20, Dealer Reassignment Form, to transfer ownership of the vehicle.
How much does it cost to get a dealers license in Virginia?
The dealer license cost in Virginia is around $600 for a yearly license, consisting of $350 fee for the Motor Vehicle Transaction Recovery Fund. This fee, as well as the surety bond requirement, are needed only for the first three years of licensing, in case you have no claims against you during this period.
How do I report a car dealership in Virginia?
You can file a complaint with the Motor Vehicle Dealer Board by:
- Completing the Online Request for Consumer Assistance Form.
- Emailing the MVDB at [email protected].
- Calling the MVDB Consumer Assistance Analysts at (804) 367-1100.
- Faxing a written request and supporting documentation to (804) 367-1053.
How do you get a dealers license without a lot?
How to Get a Dealers License Without a Lot
- Obtain the Application Checklist.
- Complete an Automotive Training Program.
- Get a Surety Bond.
- Register Your Business Name.
- Apply for a Sales Tax Number.
- Get a Federal Tax Identification Number.
- Obtain Liability Insurance.
- Submit Your Application.
How much does a dealers license cost?
States will require an initial application fee. This typically ranges from $175 to $700. States also charge a $50 to $100 fee for every license plate that a dealership needs for its vehicles. A renewal fee will be charged at the end of each term to keep the license active.
What is a reassignment title?
When the transferee of a vehicle is a motor vehicle dealer who holds the same for resale and the title is held by a lienor, a secured power of attorney must be completed. Vehicle sales for resale between licensed dealers are referred to as reassignments.
How do I transfer title on a car in Virginia?
Private Vehicle Transfers
- Exchange the title with: Valid safety inspection. Odometer reading.
- File the Application for Certificate of Title and Registration (VSA 17A)
- Show your personal documents: Proof of ID.
- Pay the $15 title transfer fee.
- Pay the 4.15% SUT tax or $75.
- Pay any extra fees. Electric Vehicles: $64.
How many cars can you sell in VA?
In Virginia, private vehicle owners can sell or display to sell up to five total vehicles over a 12 consecutive month time period. Any vehicles above five within that time period requires the seller to become a licensed an authorized dealer in Virginia.
What does mvdb-49 stand for in VA?
MVDB-49. FTC Document for Auto Warranties, Routine Maintenance,and Repairs. Guidance Memorandum To All Virginia Motor Vehicle Dealers – March 2012. Transaction Recovery Fund Report, October 2011. This is a checklist for dealers who sell vehicles on consignment. Commercial Dealer Manual provided by DMV.
What do you need to know about the mvdb?
MVDB Buyer’s Order Checklist. Form: MVDB-44. Record of Dealer Vehicle Inventory. Revised 10/2013. Dealers are responsible for completing required background checks for intial salesperson licenses. Suggested log to use for tracking Consignment Vehicles and Inventory. 10/2013. MVDB Dealer Advertising Regulations.
Do you need a mvdb 52 to register a car in Virginia?
Complete a MVDB 52, Non-Virginia Motor Vehicle Certificate of Registration. The Virginia Certificate of Registration will expire concurrently with your home state motor vehicle dealer license.
Where is the mvdb located in Richmond VA?
MVDB has a dedicated staff in Richmond, Virginia as well as Field Representatives located throughout the Commonwealth to service licensing and education, consumer assistance, and field inspections.