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WholesaleTransferWholesaleTransferusinganeMV‐50 See the latest FAQs here: https://verifiny.zendesk.com/hc/en‐us/sections/360002456551‐Transfers‐
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WholesaleTransfer–StartanewTransferTotransfer(sell/trade)aVehicle,asalways,theVehiclemustbeinyourBookofRegistryunderActiveVehiclesInventory.
Tostartanewtransfer,youcanright‐clickontheVehicleinyourActiveVehiclesInventoryandthenselectingTransferVehicleonthepop‐up.YoucanalsostartanewtransferbygoingtotheVehicle’sdetailpageandthenclickingonTransferVehicle.
Area Item Description/HowTo1 ActiveVehicleInventory Vehiclesinyourinventorythatareavailableforsale/trade/transfer.
2 TransferVehiclepop‐up Right‐clickontheVehicleyouwanttotransferandselectTransferVehicletostartanewtransfer.
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WholesaleTransfer‐CreateNewTransfer Onceyouhaveselectedavehicletotransfer,youwillbebroughttotheNewTransferscreen,whereyoucanenteralltherequireddetailsforthetransfer.
Area Item Description/HowTo1 RequiredFields Requiredfields(markedwitharedasterisk)cannotbeleftblank/empty
2 MV‐50Type
SelectMV‐50TypeofeMV‐50.
3 In‐State/Out‐Of‐State
In‐State/Out‐of‐StatevaluewillautomaticallybeselectedtoIn‐Stateandgrayedout(AneMV‐50shouldonlybeusedforIn‐Statetransfers).
4 SalvageVehicle? SelectthischeckboxifitisaSalvagedVehicle.
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WholesaleTransfer–NewTransfer,PurchaserDetailsNowthatyouhaveenteredthetransferdetails,youcanenterthePurchaser’sdetails.
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YoucanstartbyenteringtheFacilityIDofthePurchasingDealerandselecttherightFacilityIDfromthelistthatappears.PurchaserTypewillautomaticallybesettoOrganizationandthenameandaddressofthepurchasingfacilitywillbeautomaticallypopulated.YoucansearchforaNYSPurchaserbyFacilityIDorbyName.Area Item Description/HowTo1 PurchaserFacility
NumberEnterthefacilitynumberofthePurchasingDealer.YoucanstarttypingintheFacilityandselectthecorrectnumberfromthelist.
2 PurchaserType PurchaserType willautomaticallybeselectedtoOrganizationasPurchaser andgrayedout.
3 Organization/PurchaserName
TheOrganization’snamewillbeprepopulatedonceyouentertheFacilityID(VERIFIwilldoalookup).
4 Organization/PurchaserAddress
TheOrganization’saddresswillbeprepopulatedonceyouentertheFacilityID(VERIFIwilldoalookup).
5 Submit ClicktheSubmitbuttontosubmitthetransfer.Youwillbebroughttoasummarypagetoreviewtheaccuracyofalltheinformationbeforefinalsubmission.
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WholesaleTransfer‐NewTransfer,Confirm&ProceedtoPayment
AfterclickingonSubmit,youcanreviewallthedetailsofthetransferontheTransferSummarypagebeforefinalsubmission.Youwillhavetoattesttotheinformationbyselectingthecheckbox,andthenyoucanconfirmandproceedtoPayment.
Area Item Description/HowTo1 Certifyinformationcheckbox Attestationcheckboxisverifyingthattheinformationprovidedontheformistrue,completeandaccurate.
2 Confirm&ProceedtoPayment ClicktheConfirm&ProceedtoPaymentbuttonafterreviewingthetransfersummary.
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WholesaleTransfer–TransferPaymentAfterconfirmingallthetransferdetails,youcanpayforthetransfer.
TheeMV‐50Wfeeis$5dollarsandthereisa$1.93transactionfee.ThetotalpaymentfortheeMV‐50Wis$6.93.ThePaymentscreenwilldisplayyourfundsfromyourVERIFIDrawdownaccountandSAFIREcredits(SAFIREcreditsarecreditsthathavebeenissuedtoyoubytheDMV).
SelectOnlinePaymenttouseyourDrawdownaccount.YoucanselectApplySAFIRECreditstopayfortheeMV‐50fee(SAFIRECreditscannotbeusedtopaythetransactionfee).ClickontheMakePaymentbuttontoproceed.
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WholesaleTransfer–ConfirmPaymentClickonYestoconfirmthatyouwanttoproceedwithmakingthepayment.Thetransferwillnotbesubmitteduntilpaymenthasbeencompleted.
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WholesaleTransfer‐TransferSuccessfullySubmittedYou’venowsuccessfullysubmittedaWholesaleeMV‐50TransferinVERIFI!
Area Item Description/HowTo1 Messageconfirmation
ConfirmationMessage“Transferhasbeensuccessfullysubmitted”willbedisplayedatthetopoftheTransferspage.
2 Status TheTransferwillbelistedwithastatusofSubmitted.ClickonthisrecordtoviewtheTransferdetailspage.Youmayalsocancelthetransferfromthisscreen.
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WholesaleTransfer–IncomingTransferWhenyoupurchaseavehiclefromanotherVERIFIdealer(wholesaletransfer/sale/trade),VERIFIwilldisplayanalertindicatingthatyouhaveanincomingtransferpendingforacceptance.
Area Item Description/HowTo1 IncomingTransferAlert VERIFIalerttoindicatethatyouhaveanincomingtransferfromanotherDealerpendingforacceptance.TheeMV‐50
transactionnumberwillbedisplayedinthealert.
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WholesaleTransfer–IncomingTransfer,MessagesClickonthe‘IncomingTransfer’AlerttoviewthedetailsofthewholesaleTransfersuchasSellingFacility’sNameandNumber,DateofTransfer,andtheeMV‐50WTransactionNumber.
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WholesaleTransfer‐IncomingTransferThispagedisplaysVehiclesthatarebeingtransferredtoyourfacility(wholesaletransfer/trade)viaaneMV‐50orapaperMV‐50
Area Item Description/HowTo1 DaystoConfirm VERIFIdisplaysthenumberofdaysthatyouhavelefttoeitherAcceptorRejecttheIncomingTransfer.
2 IncomingTransfer
Record
ViewthedetailsoftheIncomingTransfer.Clickonthisrecordtoviewadditionaldetails,andtoAcceptorRejectthisTransfer.
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WholesaleTransfer–IncomingTransferDetailsThispagedisplaysallthedetailsontheIncomingTransfer.
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Area Item Description/HowTo1 RejectTransfer ClickonRejectTransferbuttontorejectthisIncomingTransfer.
2 AcceptTransfer ClickonAcceptTransferbuttontoacceptthisIncomingTransfer.
3 Status ClickontheTransferStatusHistorylinktoviewthehistoryoftheVehicle’sstatusduringthisTransfer.
IfyourejecttheIncomingTransfer,theSellingDealerwillgetaVERIFIalertindicatingthatyourejectedtheTransfer.NoBookofRegistry(VehicleInventory/PoliceBook)updateswilltakeplace.
IfyouaccepttheIncomingTransfer,theSellingDealerwillgetaVERIFIalertindicatingthatyouacceptedtheTransfer.TheBookofRegistry(VehicleInventory/PoliceBook)willautomaticallybeupdatedforboththeSellingandPurchasingDealer.FortheSellingDealer,theVehiclewillbemovedfromtheirActiveVehiclesInventorytotheirSoldVehicles.Foryou,thePurchasingDealer,theVehiclewillbeaddedtoyourBookofRegistryunderActiveVehiclesInventory.
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WholesaleTransfer–AcceptedTransferYouhavesuccessfullyacceptedanIncomingTransferinVERIFI!
Area Item Description/HowTo1 Messageconfirmation
ConfirmationMessage“Transferhasbeensuccessfullyaccepted”willbedisplayedatthetopoftheTransferspage.
2 Status TheTransfer’sstatuswillbeupdatedtoAccepted.
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WholesaleTransfer–AvailableVehicle,BookofRegistryUpdateOnceyouhaveacceptedtheIncomingTransfer,yourBookofResgitrywillautomaticallybeupdated.TheVehiclewillbeaddedtoActiveVehiclesInventoryandwillbeavailablefortransfer/sale/trade.
Area Item Description/HowTo1 Status TheVehiclewillbeaddedtoyourBookofRegistryunderActiveVehiclesInventoryandwillhavethestatusAvailable.
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WholesaleTransfer–AcceptedTransferThispagedisplaysallthedetailsoftheIncomingTransferthatyouaccepted.
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Area Item Description/HowTo1 TransactionNumber TheuniqueTransactionNumberforthisTransfer(systemgenerated).TheTransactionnumberwillbe
displayedontheallformsandreceiptsgeneratedforthisTransfer.YoucanalsosearchusingthisnumberfromSearchbaratthetop.
2 eMV‐50W
ClicktheeMV‐50WbuttontodownloadtheeMV‐50Wcopy(WholesaleCertificateofSaleReceipt).YoucandownloadaCustomerCopyandaDuplicateCopy.
3 Status
ClickontheTransferStatusHistorylinktoviewthehistoryoftheVehicle’sstatusduringthisTransfer.
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WholesaleTransfer–eMV‐50W,Page1Page1ofthecustomercopyoftheeMV‐50WgeneratedbyVERIFI.YoumustmakeatleastonecopyoftheeMV‐50W,thatwillultimatelygotothePurchasingDealer,andwillbesignedbyboththeDealers.TheSellingDealerdoesnotneedtokeepasignedcopybutmayiftheywantto.
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WholesaleTransfer–eMV‐50W,Page2Page2ofthecustomercopyoftheeMV‐50WgeneratedbyVERIFI.ThispagedisplaystheVehicle’sTransferHistoryandcontinuityofownership.
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WholesaleTransfer–RejectaTransfer,Step1GototheTransferdetailspageofanIncomingTransfer(theTransfer’sstatuswillbeSubmitted).
Area Item Description/HowTo1 RejectTransfer ClickonRejectTransferbuttontorejectthisIncomingTransfer.
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WholesaleTransfer–RejectaTransfer,Step2EnterareasonforrejectingtheTransferandthenclicktheRejectbutton.
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WholesaleTransfer–RejectedTransferYouhaverejectedanIncomingTransferinVERIFI!
Area Item Description/HowTo1 Messageconfirmation
ConfirmationMessage“Transferhasbeenrejected”willbedisplayedatthetopoftheTransferspage.
2 Status TheTransfer’sstatuswillbeupdatedtoRejected.
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WholesaleeMV‐50Transfers–Notes 1. BookofRegistry
a) TostartaWholesaleeMV‐50Transfer,theVehiclemustbeinyourBookofRegistryunderyourActiveVehiclesInventory.b) AfteraTransferhasbeensuccessfullysubmittedandacceptedbythePurchasingDealer,yourBookofRegistrywillautomaticallybe
updated.TheVehiclewillbemovedfromyourActiveVehiclesInventorytoyourSoldVehicles.c) IfthePurchasingDealerrejecttheIncomingTransfer,theSellingDealerwillgetaVERIFIalertindicatingthattheTransferwasrejected.
NoBookofRegistryupdateswilltakeplace.d) IfthePurchasingDealeracceptstheIncomingTransfer,theSellingDealerwillgetaVERIFIalertindicatingthattheTransferwasaccepted.
TheBookofRegistrywillautomaticallybeupdatedforboththeSellingandPurchasingDealer.FortheSellingDealer,theVehiclewillbemovefromtheirActiveVehiclesInventorytotheirSoldVehicles.ForthePurchasingDealer,theVehiclewillbeaddedtotheirBookofRegistryunderActiveVehiclesInventory.
2. SavingaDraftTransfer
a) ATransfercanbesavedasadraftatanytimebeforesubmittingit.ThedraftTransferwillbesavedundertheSavedTransferstabuntilyoueithercompleteitordeleteit.
b) Onceyouhaveallthemissinginformation,youcangobacktotheSavedDraft,enteralltherequiredfieldsandsubmitthetransfer.c) VERIFIwillletyoudownload/printaneMV‐50foryoursaveddraft,butitwillhavethewatermarksaying“Saved–PendingSubmission”.
3. FormsandReceipts
a) AllformsandreceiptswillonlybeavailableaftertheTransferhasbeensuccessfullysubmitted.b) BoththePurchasingDealerandSellingDealercandownload/printcopiesoftheeMV‐50WaftertheTransferhasbeenacceptedbythe
PurchasingDealer.
4. CancellationsandCorrections(seemoreaboutcancellingtransfershere:https://verifiny.zendesk.com/hc/en‐us/articles/360024627172‐How‐do‐I‐cancel‐a‐Wholesale‐transfer‐that‐I‐received‐accepted‐andhttps://verifiny.zendesk.com/hc/en‐us/articles/360024929331‐How‐do‐I‐cancel‐a‐Wholesale‐transfer‐that‐I‐made‐)
a) YoucancancelatransferinVERIFI,butyouwillhavetoprovideareasonforthecancellation.ThetransfercanonlybecancelleduntilitispendingforthePurchasingDealertoacceptorreject.
b) VERIFIallowsyoutocorrectasubmittedeMV‐50.ThecorrectedeMV‐50willretaintheoriginalsubmissiondateandnumber.Thedatabeingchangedwilllogged,andyouwillberequiredtoprovideareasonforthecorrection.Youwillalsohavetopaythe$5.00eMV‐50feeandthe$1.93transactionfee.