Of course. Some exceptions allow you to use a Salvage Certificate MV-907A to sell a vehicle as "junk". The DMV can not issue a title certificate or a registration to a junk vehicle or a salvage vehicle that is rebuilt unless the vehicle passes a salvage vehicle examination.
Is a title certificate issued?
Yes, there is one.
Then it will receive a brand that displays "REBUILT SALVAGE: NY".
Do you need me to give you the selling price?
No, the selling price is not required on form MV-50 when a vehicle is sold wholesale.
Good to know. What can you tell me about the warranty of vehicles being sold?
These terms refer to the warranties described by the Office of the Attorney General website: www.ag.ny.gov in the 'Lemon Law'. The Vehicle and Traffic Law requires a dealer to complete the Used Vehicle Certification on form MV-50. The law applies to all vehicles sold at any selling price and which display any odometer reading.
I understand. And how do I get a surety bond?
For this you must contact a surety insurance company. Make sure that the business name and mailing address on the bond exactly match the business name and mailing address on your DMV facility license. Make sure that you write your Facility Number on the bond.
How do I know what bond amount is needed?
The bond amount depends on the number of vehicles the dealer sold in the previous calendar year, or if the dealer is licensed as a franchised new dealer.
One final question, if I may: where can I find some more information about record keeping for dealers?