2017 GNYADA Membership Directory

SERVICES FOR DEALERS

Dealer Facility Licensing GNYADA assists dealers through the arduous licensing/amendment process. Operating franchised dealerships in New York 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 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, ERISA Bonds and others. Since the program began, over 1,000 bonds have been secured for dealerships. GNYADA secures bonds through the “A” rated Selective Insurance at very reasonable rates. New car dealer bonds cost $300 and are valid for two years. GNYADAmembers can also purchase $20,000 or $100,000 Used Car Bonds for their separate Used Car facilities at a discount. These are also valid for two years. The Association’s bonds feature: • Simple application

• No required financial statements • 24-hour turnaround, when needed • Amendments to name and address at no additional charge • No credit checks for you OR your spouse • Flat rate pricing • Automatic renewal

Warranty Parts Reimbursement Program The New York Dealer Franchise Law includes a method for dealers to claim retail mark- up for parts used for warranty repairs. GNYADA has a program to help dealers prepare and submit 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.

MEMBERSHIP

DIRECTORY

2017

16