21 / 234
SERVICES FOR DEALERS
2015 GNYADA Membership Directory
15
Dealer Facility Licensing
GNYADA also assists dealers through the arduous licensing/amendment process. Operating franchised dealerships
in NewYork requires dealers to follownumerous DMV, tax and other rules and requirements. Additional documents
are required for operating in New York City limits. Completing the application correctly and attaching the proper
documentation and fees is mandatory; GNYADA’s experience and contacts help us guide both first-time New York
dealers as well as established dealers through the system.
Surety Bonds
Lowest Rates in New York State
The Association assists dealers with out-of-state bonds, DCA bonds, Utility bonds, Games of Chance Bonds, ARISA
Bonds and others.
New York State Department of Motor Vehicles Law Section 415 requires new car dealers to have a $50,000 surety
bond to secure or maintain their facility licenses.
Since the program began, we have secured over 1,000 bonds for dealerships.
GNYADA secures bonds for dealers through the “A” rated Selective Insurance at very reasonable rates. New car
dealer bonds cost $300 and are valid for two years. GNYADA members can also purchase $25,000 used car bonds
for their additional used car stores at $219. These are also valid for two years. Our bonds feature:
•
Simple application
•
No financial statements
•
24 hour turnaround available
•
Amendments to name and address at no additional charge
•
No credit bureau checks for you OR your spouse
•
Flat rate pricing
•
Automatic renewal
Warranty Parts Reimbursement Program
The New York Dealer Franchise Law, effective January 1,
2009, includes amethod for dealers to claimretail mark-up
for parts used for warranty repairs. The 2014 amendments
to the Franchise Law further allow dealers to improve
their bottom line through the exclusion of maintenance
items from the calculation. GNYADA has a program to
assist dealers prepare and submit compliant requests
for increased reimbursement. Each manufacturer has
different requirements and through GNYADA’s experience
each submission is tailored to the specific brand. This
program continues to be very successful in obtaining
increased payments for warranty work to members.