Release date: June 23, 2023
The state of Wisconsin revoked the wholesale dealer license for 3 Point Capital, LLC, at 101 Skyline Dr. #1 W309, Arlington, for failing to properly follow administrative requirements. The order, issued by the Wisconsin Department of Transportation’s Division of Motor Vehicles, determined that 3 Point Capital violated state law when they:
- Sold motor vehicles directly to consumers
- Rolled back odometers on vehicles
- Falsified title documents when selling vehicles to customers.
Due to the nature of the violations, the department took action to immediately revoke the license effective April 24, 2023. The decision to revoke the license was upheld by a WisDOT hearing on May 24, 2023. Dealers are given 30 days to appeal a revocation to the state Division of Hearing and Appeals. 3 Point Capital did not appeal, and the decision is final.
For more information, contact:
WisDOT Office of Public Affairs