GNYADA October 2016 Newsletter

Must-Have Paperwork to Sell a Vehicle

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DMV-DIRECT occasionally receives registration requests that are missing vital information. A dealer cannot sell, display or offer a vehicle for sale, unless that vehicle has the following documentation: 1. Vehicle Title If the dealership acquired the vehicle through a trade-in or from an auction without a title, a duplicate Title must be applied for. (Dealers can contact

DMV-DIRECT to apply for a rush- duplication.) The vehicle cannot be available for sale until the duplicate title is in-hand. 2. MSO/MCO The Manufacturer's Certificate/ Statement of Origin is a required document have in a transaction for tariff purposes, as it confirms the vehicle’s country of origin.

3. Lien Release If the dealership is paying off a lien on a vehicle, that vehicle must not be available for sale until the Lien Release (MV-901) has been obtained.

For any further questions about these required pieces of paperwork, call DMV-DIRECT at 718.747.0400.

Assembly Speaker and Maj. Leader Meet with GNYADA’s Board

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ing the passage of the franchise law amendments and broker bills. Following the Board Meeting, the Speaker and the Majority Leader toured Lincoln Technical Institute, where they connected with members of GNYADA’s and LTI’s Education teams. GNYADA thanks the Speaker and the Majority Leader for taking time out of their schedules to attend our Fall Board Meeting. We look forward to continuing this productive dialogue on issues facing dealers in New York.

At the first Board Meeting of the 2016-2017 term, GNYADA's Directors were joined by New York State Assembly Speaker Carl Heastie and Majority Leader Joe Morelle. This was a worthwhile opportunity for Board Members to start dialogues with Albany’s leadership about active issues concerning dealers. Doc Fee & Recalls Heastie and Morrelle were receptive to the pressing issues raised by mem- bers of the Board, including a much needed increase in the doc fee, as well as new and used vehicle recalls: Regarding the doc fee, the Speaker and the Majority Leader were sur- prised to learn that NY’s doc fee is the third lowest in the country and understood that dealers must be appropriately compensated for per- forming this mandated function. On the subject of recalls, they agreed that the responsible party (the manufacturer) should bear the costs associated with depreciation, insuring and storing of recalled n n

vehicles. Dealers indicated that they stand ready to make repairs, free of charge to the customer, as soon as manufacturers make fixes available. Appreciation for Dealers During the meeting, Speaker Heastie warmly stated his regard for fran- chised new car dealers, noting that the Boston Road dealer row in his Bronx Assembly district represents a major source of jobs in his region. Both the Speaker and the Majority Leader have been supportive of GNYADA’s issues in the past, includ-

Greater New York Automobile Dealers Association • www.gnyada.com

The Newsletter • October 2016

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