Announcing the NEW, and Improved!
Consumer Protection - Motor Vehicle Dealer's Recovery Fund
Effective July 1, 2008, the Department of Motor Vehicles (DMV) will collect a fee of one dollar from dealers or lessor-retailers for each vehicle sold, up to a maximum of $2500 a year per dealer licensee. Dealers or lessor-retailers are prohibited from charging the consumer for this fee. Dealers or lessor-retailers will be billed by DMV for these fees and DMV will deposit the collected fees in the new Consumer Motor Vehicle Recovery Corporation (CMVRC).
Procedures
- Effective July 1, 2008, DMV will begin tracking the one dollar fee. DMV will collect the fees due by sending an invoice (due and payable upon receipt) for the accrued fees to dealers and lessor-retailers.
- The first billing is anticipated to commence in September 2008, and thereafter it is also anticipated that invoices will be sent bi-monthly to most dealers or lessor-retailers; however, dealers or lessor-retailers that sell fewer than 20 vehicles per month may be sent invoices semi-annually.
Nice bailout eh? Notice how dealers are supposedly prohibited from passing this fee on to consumers. Yet another tax on auto dealers.
1 dollar in addition to all the other bullshit fees etc. all to bail out people who don’t give a shit anyway and as a bonus, a whole new bureaucracy complete with union state workers and probably a board of directors and everything else a corporation needs... all at our expense.... lovely. I don’t remember voting for this.
And besides.... a consumer gets jerked around by a dealer that goes under... I am sure they go crying straight to the dmv... how are they even going to know that this thing exists?.... most people would just take their lumps and get on with their life...
By the way the bit about not discharging liens and not sending in the reg fees.... happens all the time sometimes totaling hundreds of thousands of dollars....basically the dealer never pays off your loan on the car thereby leaving you on the hook for it even though you don’t have the car anymore... nice.
Original Message
From: [DMVNewInformationNotification]Create?@[DMVEmailAlert]Create?.ca.gov [mailto:[DMVNewInformationNotification]Create?@[DMVEmailAlert]Create?.ca.gov]
Sent: Tuesday, June 03, 2008 8:43 AM
To: DMV Subscriber
Subject: New Information From DMV
Welcome to California DMVs Automated E-mail Alert System. A new Occupational Licensing Industry News memo has been placed on the DMV Internet website. The following link will take you directly to the new memo.
http://www.dmv.ca.gov/pubs/olin/08_olin/08olin04.pdf
Please do not respond to this e-mail. It is for your information only.
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