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DealerTraining101 800-901-5950

wholesale ROS + promise to pay is legal for dealer to dealer

when a licensed retail dealer

accepts a consignment vehicle for sale in california

the dealer may only consign vehicles in the name of the registered owner

the dealer may not accept vehicles from other licensed dealers as consignment

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the dealer may accept the vehicle

with a wholesale dealer report of sale

and a promissary note from the buying dealer

if the vehicle sells the buying dealer pays the note & gets the title

if the vehicle does not sell in 45, 60 or 90 days the buying dealer returns it to the selling dealer

with a wholesale dealer report of sale

expenses are negotiated and the

promissary note is made void

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dealer to dealer consignments are not legal in california

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#realcardealerschool

800-901-5950

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