Archive May 2019
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Selling a Car to Unmarried CouplesIt’s not uncommon to sell a car to unmarried couples who purchase together. If you do so, be aware that selling a car means entering into a series of contracts that may cause confusion in the future as the status of their relationship may change. It's important to understand and explain the vehicle ownership rights and responsibilities before you allow any customers to jointly purchase a car or make other irregular payment or registration arrangements. Here are some of the common legal considerations when discussing shared ownership of a car.
TIADA Celebrates: Named-Driver Polices ReformThe passage of HB 259 ushers in a new era for named-driver insurance policies. “This is a huge victory for our members”, said TIADA Executive Director Jeff Martin. “We formed a workgroup to focus on this issue in 2011 and have supported legislation authored by Rep. Thompson every session since”
Be Careful When Charging Dealer Prep Fees and Other FeesDealer prep fee, service fee, detailing fee, etc…regardless of the terminology, a common point of confusion for Texas dealers centers around this idea of “additional charges.” For the purposes of this discussion, we will take that to mean any charges that are not included in the cash price of the vehicle. Additionally, we will delineate between a cash sale and a retail installment transaction. So what is allowable?
San Antonio PD Issue Warrant & Reqquest Dealer Assistance
Considerations When Working with Spanish Speaking CustomersHispanic customers are one of the fastest growing demographics in Texas. Many of those customers rely on Spanish as their primary language. When dealing with Spanish speaking customers, dealers need to take appropriate steps to ensure compliance with state and federal laws.
Out of State Title TransferOut of state procedures differ slightly from the norm when a dealer sells a vehicle that will be leaving the state. Handling titles, e-Tags, and taxes can be confusing, but dealers can benefit from learning to recognize the differences and train employees to handle these matters accordingly.
For retail out of state sales:
- Collect the MV tax or get the Comptroller’s exemption form 14-312 signed.
- Obtain the same ID you require for in state sales.
- Give the title paperwork to the buyer within 20 working days.
- For a retail sale, issue a buyer’s tag and collect the $5 e-tag fee.