Dealer Bulletin #18-01
Dealer Appraisal Form
Please be advised the Vermont Department of Motor Vehicles (DMV) has developed a new Dealer Appraisal Form (form VD-012) to be completed by a Vermont licensed Dealer appraising a vehicle. Please discontinue the use of any older versions of the Dealer Appraisal Form, as the old version will no longer be accepted. The purpose of the appraisal is to establish a fair motor vehicle value to determine Purchase & Use Tax at the time of registration. Please be sure to complete the form in its entirety, using the NADA Guide Book Value.
Out-of-State Salvage Certificates of Title and Out-of-State Certificates of Destruction/titles branded “JUNK,” “PARTS ONLY,” “NON-REPAIRABLE,” “FLOOD” or similar brands.
In an effort to promote highway safety and ensure only vehicles meeting Vermont emissions and safety standards are registered, the Vermont DMV has developed a new registration procedure process for vehicles with Out-of-State Salvage Certificate of Title and Out-of-State Certificate of Destruction/titles branded “JUNK,” “PARTS ONLY,” “NON-REPAIRABLE,” “FLOOD” or similar brands. A Vermont Dealer who sells a vehicle with an Out-of-State title with one of these brands for registration in Vermont, must submit the following documentation to Vermont DMV:
- Vermont Registration/Title Application & Odometer Disclosure
Note: VT Dealer’s may apply for a “Title Only” in the dealership’s name only.
- Out-of-State Salvage Title with proper Dealer Report of Sale, Bill of Sale, Re-assignments etc.
- A Verification of VIN/HIN Form (form VT-010) completed by Vermont Law Enforcement or Vermont DMV to ensure a NCIC check has been performed.
- A completed Vermont Vehicle Inspection Report (VIR) and corresponding Work Order/Invoice documenting the vehicle passed an Official VT State Inspection.
- A Carfax/Auto Check Vehicle History Report confirming the vehicle’s Salvage History.
Note: If the vehicle history shows the vehicles entire life was in another country, prior to this application, proof of importation through US Customs (form CF 7501) is required.
- Appropriate Vermont Purchase & Use Tax and DMV fees.
Attention: All vehicles sold with Out-of-State Certificate of Destruction/title branded “JUNK,” “PARTS ONLY,” “NON-REPAIRABLE,” “FLOOD” or similar brands, must be registered at a Vermont DMV office by the new owner or documented representative, unless the Vermont Dealer submits the registration transaction to Vermont DMV directly and issues the customer a 60-day temporary plate from the dealership.