This memo contains information related to
Motor Vehicle Operation UpdateAfter surviving the “Perfect Storm”, flooding of NJ CAR’s building and the State shutdown, NJCAR is happy to report that the Agency and the Online Offices are back on track and up-to-date in their processing of Motor Vehicle transactions.Faced with a backlog of more than 1,000 bags of dealer motor vehicle work, NJ CAR staff came in early and stayed late to eliminate the backlog in a little over a week!Thank you to all the dealerships who were patient throughout this unique situation.Increase in New
New 0.4% Supplemental Titling Fee and Required MVC FormBeginning July 15, 2006, the law requires that dealers not only collect the increased rate of sales tax, but now they must itemize and collect (where applicable) the 0.4% Supplemental Titling Fee and hold such collections for payment to the State. There was, however, NO mandate that dealerships have their DMS Systems, or their Retail Order Forms, Lease Agreements, etc. revised by July 15. Those changes can be made as time permits.Dealerships are required to complete a new MVC form—“Application for Certificate of Ownership for a New Vehicle” (Form #OS/SS-14 (7/06)—for every MCO that is submitted to MVC for processing. A link to the new form can be found following this paragraph. This form is NOT to be used if the source document is a title document. This requirement also applies to those dealerships using one of the Online Systems (CVR or triVIN). This form is not to be confused with the existing “Application for Certificate of Ownership” (MV Form ISM/SS-7, commonly referred to as a “CO7”). Dealerships will continue to use that form for issuance of a
Beginning July 22, 2006, the MVC has instructed its Motor Vehicle Agencies (including the NJCAR Dealer Agency) to begin rejecting work for any new car/truck title request that is not accompanied with a completed “Application for Certificate of Ownership for a New Vehicle” for each new vehicle sold on and after July 15, 2006.
Instructions for Completion of the “Application for Certificate of Ownership for a New Vehicle”
Form OS/SS-14 (7/06)If the MCO was originally issued in another dealership’s name and subsequently assigned to your dealership, this formis still required to be completed.Section A – Dealership Information
The “New Vehicle Dealership” is the business name under which the dealership is licensed by MVC. Please check the dealership’s Motor Vehicle Wall License for the exact name. The Motor Vehicle Dealer Identification Number is located in the lower right hand corner on the dealership’s MVC Wall license.In the block to the right of Section A—“Place Dealer Stamp Here”—DO NOT use the dealership’s NewJersey Sales Tax Stamp. This area is to include the name and address of the dealership. MVC will allow the dealership to stamp this information rather than write it on every form. The Dealership Name must be the business name under which the dealership is licensed by MVC. If you want to include a “trade name,” you may do so in addition to the dealership’s licensed name. It may be advantageous for your dealership to obtain a self-inking stamp with the following information:Licensed Dealership NameTrade Name (Optional)Dealership AddressMotor Vehicle ID Number
Section B – Vehicle InformationInclude the vehicle information along with the complete 17-digit Vehicle Identification Number. Indicate the average EPA mpg rating determined by adding both city and highway miles and dividing by two.Section C – This Section Takes the Place of the Dealership’s Sales Tax Stamp. There is No Need to Include the Dealership’s Stamp.1. Vehicle Gross Sale/Lease Price – Enter the GROSS amount, EXCLUDE trade-in, manufacturer’s rebates or additional Handicapped Driver Adaptive Equipment.2. Vehicle Net Sales/Lease Price – The form indicates that this is the figure after trade-in or manufacturer’s rebates. THIS IS A MISPRINT. You do not deduct the manufacturer’s rebates. 3. 7% Sales Tax amount collected.4. Exemption Code (if applicable).Section D – If the Answer to any of the following Four (4) Items in this Section is “Yes,” You do NOT Collect the 0.4% Supplemental Titling Fee.1. There is an exemption for high-valued vehicles ($45,000 and above) that are also fuel-efficient vehicles with an average EPA rating over 40 mpg. Both must apply for the exemption.2. Zero Emission Vehicle.3. Commercially Registered Vehicles.4. Purchaser or Lessee is a Non-Resident and a New Jersey Title only is issued to secure the lien. Please note, if the vehicle is titled and registered in