What is the cost incurred by each dealer to contribute to the Compensation Fund?

The cost incurred by each dealer to contribute to the Compensation Fund is $300. This fund is essential for protecting consumers in the automotive marketplace from financial loss due to the actions of registered dealers. The amount of $300 is set to ensure that the fund is adequately capitalized to cover potential claims. The contribution serves as a way for dealers to support the integrity and reliability of the automotive industry, fostering consumer confidence in their transactions. It is important for dealers to recognize that contributing to this fund is not just a regulatory obligation, but also a commitment to maintaining a fair and trustworthy marketplace.