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SERVICES FOR DEALERS
2016
MEMBERSHIP
DIRECTORY
16
Dealer Facility Licensing
GNYADA also assists dealers through the arduous licensing/amendment process. Operating franchised dealerships
in NewYork requires dealers to follow numerous DMV, tax and other rules and requirements. Additional paperwork
is needed when operating in New York City limits. Completing the application correctly and attaching the proper
documentation and fees is mandatory; GNYADA’s experience and contacts help us guide both first-time New York
dealers as well as established dealers through the system.
Surety Bonds
New York State Department of Motor Vehicles Law Section 415 requires new car dealers to have a $50,000 surety
bond to secure or maintain their facility licenses.
The Association assists dealers with surety bonds, out-of-state bonds, DCA bonds, Utility bonds, Games of Chance
Bonds, ARISA Bonds and others.
Since the program began, we have secured over 1,000 bonds for dealerships.
GNYADA secures bonds for dealers through the “A” rated Selective Insurance at very reasonable rates. New car
dealer bonds cost $300 and are valid for two years. GNYADA members can also purchase $25,000 used car bonds
for their additional used car stores at $219. These are also valid for two years. Our bonds feature:
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Simple application
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No required financial statements
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24-hour turnaround, when needed
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Amendments to name and address at no additional charge
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No credit checks for you OR your spouse
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Flat rate pricing
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Automatic renewal
Warranty Parts Reimbursement Program
The New York Dealer Franchise Law, effective January
1, 2009, includes a method for dealers to claim retail
mark-up for parts used for warranty repairs. The 2014
amendments to the Franchise Law allows dealers to
improve their bottom line through the exclusion of
maintenance items from the calculation. GNYADA has a
program to assist dealers prepare and submit compliant
requests for increased reimbursement. Each manufacturer
has different requirements and each submission is tailored
to the specific brand. This program continues to be very
successful in obtaining increased payments for warranty
work to members.