FORMS & PAPERWORK Presented by: Wayne Reaves Auto School

Slides:



Advertisements
Similar presentations
Presented by Jim Rafter Owner / President Wholesale Auto Advisors Inc. Licensed Independent Auto Dealer.
Advertisements

Objective Interpret sales contracts and warranties within the rights and law of consumers. LAW OF SALES.
Methods of Payment in exporting and importing
M ONEY W ORKS FOR W OMEN A T C URTIS M EMORIAL L IBRARY B UYING YOUR FIRST CAR.
Personal Finance Autos and You. So You Want a Car, Huh?
Sales and Consumer Issues Objective Interpret sales contracts and warranties within the rights and law of consumers. LAW OF SALES.
Warranties, Product Liability and Consumer Law
5.01 Understand credit management.
Online Shopping Self-Defense
Chapter 7: Planned Borrowing. Objectives Discuss the elements of the planned use of credit. Establish your own debt limit. Understand the language of.
Product Manager calls Cotton Fruit to confirm order of 504 towels Finance department receives confirmation from product department and mails check to.
New Buyers Guide Requirements, Changes to the Buyers Order & RISC Issues By M. Christina Floyd, Esq. VIADA Convention - July 19, 2013.
Auto Financing 101 : Making Smart Vehicle Financing Decisions Brought to you by AWARE
Sales and Consumer Issues Objective Interpret sales contracts and warranties within the rights and law of consumers. WARRANTIES AND GUARANTEES.
Lesson 8 Getting a Credit Card. Key Terms APR Credit Credit Card Creditor Debtor Finance Charge Interest Rate Introductory Rate Late Fees Minimum Payment.
Shopping for an Automobile Loan What Do I Need to Know? Using Standard Calculators.
Chapter 19 Transportation. Options Mass transit= transportation systems like TANK buses Saves energy, money, pollution Pg 483 fig 19-2.
CHAPTER 23 BUYING A VEHICLE. Steps in the Car Buying Process Identify your needs and wants What do you need to do with your car? Will you drive a lot.
© 2010 South-Western, Cengage Learning Chapter © 2010 South-Western, Cengage Learning Buying and Owning a Vehicle 23.1Buying a Vehicle 23.2Maintaining.
TYPES AND SOURCES OF CREDIT Money Management II. What We’re Doing Today Closed-End vs. Open-End Credit Loans  Different sources for different uses Credit.
Credit Intro to Credit & Establishing Good Credit.
Credit Fundamentals 18-1.
Buying a Car Managing Your Financial Future. Steps in the Car Buying Process 1. Identify your needs and wants What do you need to do with your car? Will.
Chapter 16 Part II. Buying a Pre-owned Vehicle May be purchased from: New car dealer Used car dealer Car rental company Private party Sometimes banks.
Chapter What kinds of transactions are recorded in a purchases journal? A) Merchandise bought on account B) All cash payments C) Sale of merchandise.
Section 16.1.
Learning About Credit Advantages and Disadvantages.
Employee Law Module What you need to do to protect credit history and the documents that you will need for employment. The information in this module comes.
Bank On It FDIC Money Smart for Young Adults Building: Knowledge, Security, Confidence.
Bank On It FDIC Money Smart for Young Adults Building: Knowledge, Security, Confidence.
Regulatory Update: Where Do We Stand? Lewis D. Kuhl Attorney at Law Kurkin Forehand Brandes LLP.
Shopping for an Automobile Loan What Do I Need to Know? Using Financial Calculators.
Shopping for an Automobile Loan What Do I Need to Know? Using Standard Calculators.
KEEPING LABOR AND OVERHEAD COSTS DOWN Controlling Labor and Overhead Costs as a Long Term Strategy.
Shopping for an Automobile Loan What Do I Need to Know? Using Financial Calculators.
Payment Methods There are many ways to pay for goods and services.
TheAICE.com Presenters: Allen Monello and Larry Peters Copyright 2010 Automotive Industry Center for Excellence, LLC
BACTNG1 QUIZ BEE. Question #1 List Price:200,000 Trade Discount:8% Credit Term:3/10, n/30 How much is the invoice price?
Cerbone Unit Eight cars and loans. the costs of owning and operating a car Ownership (fixed) costs: Purchase price Sales tax Registration fee, title,
Inventories. Learning Objectives 1. Identify the differences between a service business and a merchandising business. 2. Explain the recording of purchases.
Objective 5.01 Understand credit management 1. Main types of credit 2.
Buying & Insuring a Car Klein Oak High School Gary Nelson October 2004.
Chapter 27 Your Credit and the Law pp Learning Targets 1.Explain 1.Explain how government protects credit rights. 2. Name 2. Name federal laws.
BUYING A NEW CAR Consumer Math p Key Words  Base price: the first amount listed on a car’s price  Options: extra items added to a car  Transportation.
Shopping for an Automobile Loan What Do I Need to Know? Using Financial Calculators.
Finance Advertisement 1 Advertisement 2 Deposit  Deposit = 20%  Retail Price = R EXAMPLE R x 20/100 = R
Car Buying Strategies Module Seven. The Three Deals The Purchase The Financing The Trade-in.
Acquiring a Vehicle Section Understanding Business and Personal Law Acquiring a Vehicle Section 16.1 Owning a Vehicle Section 16.1 Acquiring a Vehicle.
PURCHASING A VEHICLE Chapter 16. Car Buying Terms ■Invoice Price – the manufacturer’s initial charge (including delivery) to the dealer; usually higher.
PERSONAL FINANCE GAME This project counts as a TEST grade. LISTEN and follow directions! Excel Sheets: 1- MONTHLY BUDGET SHEET 2- CHECKING ACCOUNT 3- SAVINGS.
CHAPTER 28 – CARS AND THE CONSUMER. BUYING A CAR  When you shop for a car, you should consider:  Safety  Price  Quality  Warranty  Fuel economy.
6.00 Sources of Credit Unit C Basic Business Law Objective 6.02.
UCC Consumer protection laws credit and financing laws impact the purchase of a car.
5.01 Understand credit management.
Personal Financial Literacy
Objectives: Financial Paperwork Loan Options Home Options Home Ownership Mortgage Application Process.
Accounting Office Training
Closed-end.
Closing the Sale Sales contract – agreement to purchase a vehicle that states the offering price and all conditions of the offer; legal binding contract.
WARRANTIES AND GUARANTEES
Introducing……….
The Car Deal Package Take notes Be sure to include all vocabulary
Shopping for an Automobile Loan
Installment Sales Contract Act
JOURNALIZING AN INTERNATIONAL SALE
CAR BUYING PROCESS PERSONAL FINANCE.
Journalizing Sales and Cash Receipts
5.01 Understand credit management.
JOURNALIZING AN INTERNATIONAL SALE
Effective Shopping Practices
Presentation transcript:

FORMS & PAPERWORK Presented by: Wayne Reaves Auto School

Adding Vehicles to Inventory Bill of Sale Odometer Consignment Agreement Trade-In Bill of Sale Buyers Guides (English & Spanish) Window Stickers

Bill of Sale & Odometer

Consignment & Trade- In Bill of Sale

Buyers Guide – The Used Car Rule http://www.ftc.gov/bcp/conline/pubs/buspubs/usedcarc.pdf

Buyers Guide – The Used Car Rule Spanish Version

Buyers Guide – The Used Car Rule

Option Sticker Make sure advertised options work! http://www.ftc.gov/bcp/conline/pubs/buspubs/creditad.htm Make sure advertised options work! Watch for trigger terms requiring full disclosure! Down Payment Payment Amount Term Finance Charge Ask Salesperson - Safe

Handling the Customer Map Keys Pictures

Credit Application & Privacy DO NOT CHECK A PERSONS CREDIT WITHOUT THIER PERMISSION!

Privacy Law http://www.ftc.gov/privacy/privacyinitiatives/glbact.html Now & Every 12 Months if you collect from them!

Homeland Security & the Patriot Act www.treas.gov/offices/enforcement/ofac/sdn/

IRS FORM 8300

IRS FORM 8300 & Pub 1544

IRS FORM 8300 – Spanish

IRS FORM 8300

IRS FORM 8300

IRS FORM 8300

Pending Sale & Notice to Cosigner

Forms to Seal the Deal Do the Paperwork Deliver the Car File the Records

Bill of Sale

Odometer & As-Is

Privacy Notice

Buyers Guide

Arbitration Agreement

Possible Damage & Salvage

RISC - GEORGIA

RISC - GEORGIA

Repo & Insurance

Title App( MV-1) & POA (T-8)

Secure POA & Title Reassignment

Certificate of Title

Miscellaneous Forms

Miscellaneous State Forms

Keep it Sold No Cooling Off Delivering Vehicles Internet Sales

GPS & Starter Interrupt

Required for Each Sale! Buyers Guide (English & Spanish) Bill of Sale Odometer As-Is Privacy Notice Retail Installment Sales Contract Title Application Certificate of Title (Salvage Title Disclaimer) Check With Homeland Security Track Your Cash Receipts