Jim bailey - 928 International

The Value of used cars in inventory is wholesale (what you paid for it ) not retail. Just as when the grocery store burns down they ONLY pay the inventory value and NOT THE RETAIL price . That is one of the downsides of illegally running on dealer plates...

Greg Z

Thats probally correct when its MY Insurance paying the claim on MY inventory, but I don't think THEY have that luxury. And you are very wrong on the "illegal" part. There is nothing illegal with running on a Dealer plate when you ARE a Dealer!

Jim bailey - 928 International

Greg looks to me like the state has a different viewpoint on legal use of a $15 dealer plate..... From the State site " COST

Dealer inventory plates are fifteen ($15.00) per plate. This fee applies to autos, trucks, tractors, trailers, semi-trailers, buses, and motorcycles.

AUTHORIZED USE OF PLATES

1. The plates shall allow the dealer to which the plate is issued to operate any motor vehicle which is held by a dealer as inventory for any purpose which is related to offering the motor vehicle for sale, to displaying or exhibiting the motor vehicle to the public, to demonstrating the qualities of the motor vehicle, or to maintaining or enhancing the condition or the value of the motor vehicle. NOTE: A dealer may allow someone other than his employee to operate a motor vehicle in his inventory for the above-listed purposes.)

2. A truck or tractor dealer may allow a prospective purchaser to use a vehicle to which the dealer has attached a dealer inventory plate. The prospective purchaser may use the vehicle for a maximum of five days to transport cargo for hire within the boundaries of this State for demonstration purposes. The dealer shall not receive any compensation for the use of the vehicle. The dealer shall complete and place in the vehicle a document, approved by the Office of Motor
Vehicles, which shall state the name and address of the dealer, the name and address of the prospective purchaser, the dates on which the prospective purchaser will use the vehicle. The dealer must maintain a copy of the document issued to the prospective purchaser. See attached sample of "Five (5) Day Truck/Tractor Demonstration Permit."

3. A dealer may allow authorized employees of educational institutions, or licensed sales representatives of the dealer, or both, to use, for any purpose, a motor vehicle to which the dealer has attached a dealer inventory plate, provided the arrangement does not constitute renting or leasing the vehicle to the employee or sales representative. *Renting or leasing does not include those transactions where a dealer-provided automobile is treated as a taxable fringe benefit to the licensed sales representative of the dealer under the provisions of 26 USC 61, et seq and the regulations issued there under.

4. A dealer may permit a person other than a licensed sales representative to make delivery to the purchaser of a mobile home, lawfully bearing a dealer inventory plate.

5. A valid dealer inventory plate may be transferred from one vehicle to another owned or operated by the dealer.

6. A dealer inventory plate which is used for any of the authorized purposes must be displayed on the vehicle in plain view.

SUSPENSION OR REVOCATION OF DEALER INVENTORY PLATE

The Office of Motor Vehicles reserves the right to suspend or revoke the privilege of any dealer to utilize inventory plates(s) if it is established that said dealer has used or has allowed the use of a dealer inventory plate(s) for purposes other than what is stated by law or by this policy. " end of Quote .... Driving around for ANY none business use ...going to the store ,going out for dinner basically the everyday business of living is an abuse of the dealer plate. You avoid registration fees and taxes which normal people must pay and repairs costs are deducted as business expenses when in fact they were for personal use and probably should be considered as taxable income. So I still maintain that running "personal" cars on dealer plates is probably illegal , perhaps seldom enforced but that was not the point. After all why do they bother to list APPROVED uses if there were not MANY unapproved uses ? your loss is limited to what you paid for that car in your "inventory".

hacker-pschorr

His wife did have the car parked in a very visible location for the purpose of displaying it I'm sure

So that would fall under rule #1

Stan.Shaw@Excell.Net

Clearly 928s need to be exercised to maintain their value

Greg Z

LOL.......LOL.....OK?????????
What exactly is your argument here??????


OH MY GOODNESS!!!!! WHAT IS THAT?????
Is that a Dealer sign on the building? WOW, it is! Was the car backed up in a display manner? WOW, GO figure it was! You got a lil too much time on your hands if you took the time to dig that info up.


BTW: Why mention the 15.00 fee in your quote, not sure I get where you're attempting to go with that either, but, that is a renewal fee per plate. Its not like you go out and get yourself a dealer plate for 15.00...LOL...LOL!!!!!

Greg Z

Crap, Sorry. I scanned over this stuff and noticed this later.

BTW, Yes my wife is a licensed Salesman on my Dealership! Can I help you with anything else Sir?, since you seem to be very opinionated on how I use my Dealer Tags! Hopefully you have someone else you can runoff from any future business dealings with you, because I am officially annoyed by your second post! First post I gave you the benifit of the doubt. Second?

Shark Attack

I got F&^CKed on that years ago... this is how I know. if you think it as "yours" put a personla tag on it.... Sorry to hear.... The insurance companies wigle every angle they can.. Im sure you know that. Best of luck. Im sure you wil be fine. But its not going to come easy

Shark Attack

his point may be to take the loss. You may have more to lose than just some money you already have. I hope its not floor planned through a bank or auction. What would you do if you lost all your DP's over this? I bet they could hire a PI to look at you with a microscope cheaper than they could replace that 928

Greg Z

When the word "mine" comes out of my mouth or "keeper" gets written, it still boils down to my actions! My actions with the cars are all within the letter of the law as was previously demostrated by being displayed on this forum by 928 inter.
You see, I also have a licensed Dealership at my house with full coverage insurance and the proper bonds and everything else required bt the law. So even though they are at my house, they ARE still at one of my dealerships locations covered under Ins. properly!

Charley B

I can't tell if you're indignant that someone would question your legal use of Dealer Plates, or proud that you are able to own and drive your cars for "6 - 7 yrs." without paying your fair share of TT&L's.

Greg Z

Whats wrong with.... both?

This thread was about sharing my experience with the wrecked S4. Now it has turned into a "Is Greg a perfect law abiding citizen"? WTF?

Why would I pay for TT&L if I'm not required to? I mean, really? I have never had 1 claim on my Ins. or any negative issues with the Used Car Commision. In other words, it seems to me that people are making up things in there minds that they would like me to get pinched for!
Yes I have not chosen to purchase myself a new car for myself that was not for sale. There is no rule ANYWHERE about HOW LONG I have before I am required to sell my cars in my inventory. Jeez people!

michaelathome

Greg,

FWIW, I don't see anything wrong with what you are doing. While growing up my dad used to buy and sell a lot of cars, when I was 14yo he actually had 14 cars and 4 or 5 boats.

Several cars he kept 5+ years others he would sell them as soon as he got the tires changed. <<<<< I think that this is what some people are not grasping. Someone on his block got mad at him taking up so much space on the street and reported him to the DMV who then notified him that he was going to have to get a dealers license. I remember that he about flipped over this as it would actually cost MORE $ than typically registering cars.

Following that incedent the #'s of cars he purchased started to decline and w/in a year he was down to about 6 cars and 2 boats.

Michael

Cajun

You 928 guys are a trip!

What I really want to know from all of you arguing ethics and Louisiana law is this: How do you think ANYTHING you have pointed out on this thread is going to keep Greg from recovering for his losses under the law?

PLEASE think about this question before you respond. The issue is NOT the tag on the car, but the DAMAGE to the car and on whose shoulders LIABILITY rests...CLEARLY the damages to the car were not caused by the fault of Greg or his wife; therefore, they will NOT be barred, under the law, from recovering for their losses.

Again, show me how ANYTHING that has been cited above affects a) The value of this car, or b) Greg's right/ability to recover for the damages he sustained THROUGH NO FAULT OF HIS OWN.

I am interested in seeing how the fact that he is a dealer and this car was being driven/displayed with dealer tags affects his right to recover for losses sustained through no fault of his own. PLEASE EDUCATE ME.

hacker-pschorr

Every dealer I know (few dozen off the top of my head) does this. One of the "perks" of owning a dealership. Dealers pay far more than TT&L for this privilege.