Leasing or renting motor vehicles and offering customers the option to buy those vehicles at retail price. Other Car Dealer License Types On this page, we outline the basics for people who want the most common motor vehicle dealer licenses i. However, other kinds of dealer licenses include those for: Manufacturers : You manufacture or assemble new motor vehicles or import new motor vehicles for distribution using a distributor. Distributors : You sell or distribute new motor vehicles to new motor vehicle dealers.
Wholesalers : You sell or distribute used motor vehicles to motor vehicle dealers. Dealing cars without a license is illegal, and if you get caught, it can make it harder to get a license in the future. Ultimately, the good news is that you don't have to have any kind of lot space to get a dealer's license.
You can go through a process that's fairly similar to the licensing process for a dealer with a lot. The auto dealer license application process can be fairly long and involved, but with the right know-how, thousands do it every year.
The steps you'll need to follow will include:. There are a few special considerations to know for dealerships without lots. If you're planning on displaying vehicles for sale at your home, check local laws first. There may be a limit on how or where you can display them.
You'll also still need to list a place of business on your paperwork. This should be where your records are kept. Whether you have a lot or not, getting a surety bond is essential for becoming a licensed dealer.
Do not overlook this step. Obtaining a car dealer bond is vital to ensuring your customers that you will stand in good faith behind your actions. The bond guarantees your customers they will be protected should something go awry in a business transaction. The Surety Solutions blog has individual blog posts on how to obtain a car dealer bond for almost every state. Check out our tutorials to get started.
Send your car dealer license application, car dealer bond, proof of insurance, and all other necessary papers to your local DMV or Auto Dealer Licensing Service Department…and wait to be approved!
Contact Us Search Our Blog. Check out this post on Part of getting your license involves purchasing a car dealer bond also known as a motor vehicle dealer bond or an auto dealer bond. Recognize that there are different types of dealer licenses to apply for: New vehicle dealer license Used vehicle dealer license Wholesale vehicle dealer license Motorcycle dealer license Step 2: Meet Requirements Depending on the state you live in, this could amount to a long list.
The OL inspector will:. Mail your completed form and fees to your local OL inspector. Participation in the Business Partner Automation Program is mandatory for new vehicle dealers and optional for used vehicle dealers.
The program authorizes our partners to process and issue validated registration cards, full year registration stickers, automobile, commercial, motorcycle, exempt vehicle license plates, and sequential Arts Council License Plates from their remote locations. Apply for the Business Partner Automation Program.
New and used vehicle dealers must obtain a NMVTIS report for any used vehicle offered or displayed for sale, and must display a warning on the vehicle when the report indicates the state has branded the title. Dealers who will be providing automobile servicing and repair are required to file an application with their local Bureau of Automotive Repair office. The application process takes approximately six to eight weeks and includes a fee.
Contact us if you have any questions about applying for occupational licenses. This guide contains additional information for vehicle dealers, including laws and regulations, permits and licenses, records, supplies, and more. When your chat is over, you can save the transcript.
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