Iowa Automobile Dealers Industry Information Pamphlets
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How to fill out Automobile Dealers Industry Information Pamphlets?
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The Buyers Guidethe major mechanical and electrical systems on the car, as well as some of the major problems that consumers should look out for;whether the vehicle is being sold "as is" or with a warranty;what percentage of the repair costs a dealer will pay under warranty;More items...
Under the amended Rule, dealers must display a revised window sticker called a Buyers Guide, which contains warranty and other important information for consumers, on each used car they offer for sale. The compliance sweep was conducted between April and June 2018, in 20 cities nationwide.
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Auto dealers are subject to extensive federal and state consumer protections. Dealers are regulated effectively by, among other agencies, the Federal Trade Commission (FTC) and the Federal Reserve Board.
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.
The FTC's (Federal Trade Commission) Used Car Rule requires California Dealers to post a Buyers Guide in every used car they offer for sale. You must post a Buyers Guide before you display a vehicle for sale or let a customer inspect it for the purpose of buying it, even if the car is not fully prepared for delivery.
Des Moines, Iowa 50306-9278 You will also need to pay the following fees when applying: $70 Registration fee. $70 Dealer license fee. $40 Dealer plate fee (per plate)
How Many Vehicles Can I Sell in California in a Year? Within the state of California, you can only sell up to five vehicles within a year without a vehicle dealer's license.
More:It's illegal to buy cars and RVs in Iowa on Sunday. A new law could change that. Iowa law currently allows Sunday sales of towable campers, but not motorhomes, cars or trucks. The proposed legislation, Senate Study Bill 3139, would allow Sunday motorhome sales, but not change the ban on other automobile sales.
Every automotive dealership in Iowa is required to be licensed by the Iowa Department of Transportation (DOT). Anyone that sells more than six (6) motor vehicles within twelve (12) months may be presumed to be engaged in the business and should be licensed. See Iowa Code § 322.4(1) and A§ 322.2(8).
