by Ejola Cook | Dec 13, 2022 | Dealer Compliance, Sales, Vessels: Accepted as Trades
Our clients sometimes get the strangest trade in offers. Some are easy to take, others not so much. In Florida, many people own boats, and did you know that you can take a boat in on trade towards and RV? Well, with some requirements you can. First thing is to...
by Ejola Cook | Nov 15, 2022 | Dealer Compliance, Sales Tax
FAST FACTS: In summary, Florida Sales Tax is 6%, which applies to all sales with a few exceptions. However, some counties also charge an additional Local Discretionary Sales Surtax rate. This Local Surtax only applies to the first $5,000.00 of the price of the RV. The...
by Allen Monello | Apr 26, 2018 | Dealer Compliance, Title
FAST FACTS The number of dealer plates that may be purchased must be reflected in your Garage Liability Insurance (GLI) certificate. Updates to your GLI certificate regarding the number of dealer plates that your insurance authorizes you to purchase must be submitted...
by Allen Monello | Sep 20, 2017 | Dealer Compliance, Sales
FAST FACTS Dealers are required to complete many forms in a deal, beyond title and registration forms. Although not all of these forms are required, they are commonly used in the industry to protect dealers and customers. The following list is not exhaustive....
by Allen Monello | Aug 10, 2017 | Dealer Compliance, Dealer Participation (Markup), Finance
NOTICE: The information below was obtained directly from the Consumer Financial Protection Bureau’s (CFPB) Paper on the Equal Credit Opportunity Act (ECOA) and Regulation B FAST FACTS Dealers’ policy for setting the amount earned for arranging financing...
by Allen Monello | Mar 13, 2017 | Dealer Compliance, Title, Title Stops
NOTICE: The information below was obtained directly from the Division of Motorist Services (DMS). FAST FACTS If you are the victim of title fraud, you may only place an administrative stop on a Florida Title if you have a court order. Stop will prevent any title...
