The fee for a wall license is $100 and a set of five dealer license plates is $257.50; MVC may suspend or revoke your dealership license at any time for non-compliance with the terms and condition of its issuance ; Dealer registration fees You must have an office in the building that has at least 180 square feet. Review the requirements below to determine if you Qualify for a Dealer/Wholesaler license: The Board requires a net worth of at least $100,000.


General Distinguishing Number. You must meet the following qualifications and requirements before obtaining a new and used car dealership or a long term leasing license: Supply evidence of an established place of business – you must have an office with a desk, chair, landline telephone and … Any person who intends to operate a Used Motor Vehicle business is required to obtain a Used Motor Vehicle Dealer License through the Arkansas State Police. You must be of good character, and must not have been convicted of a serious crime directly related to the sale of motor vehicles. This form is electronically fillable. Obtain Your Auto Dealer Bond. I'm registered with my local public auctions and the prices are good but the Licensed Dealer prices are even better. You must be at least 18 years old. The Division will obtain a credit bureau report from Experian. The license ensures that you understand and adhere to legal guidelines on title transfers and other activities related to the business. Become a car dealer through one of our dealer programs and immediately reap the following benefits: Easy dealer application to complete online. Applicants for a dealer license must pay a certain premium to obtain the $50,000 Colorado auto dealer bond. In Ontario, Canada, becoming a car dealer has several strict requirements. We encourage those wanting to obtain their converter manufacturer license in the State of Indiana to review the applicable state statutes (Indiana Code 9-32) and administrative rules (Indiana Administrative Code Title 75) regarding dealer licensing. Fill out our online application form to obtain a free bond quote for your auto dealer license. This report is an indicator of an applicant’s financial fitness. If you're wondering how to get a dealers license in Texas, here are five easy tips to get you started on your dealership journey. Statute - Arkansas Code Annotated §23-112-601 – Used Motor Vehicle Buyers Protection; Applications and forms for new or established Used Motor Vehicle Dealers are listed below. I talk to dealers all day and many tell me that it ended up being CHEAPER getting licensed in their own state.

Who needs a license? Be the permanent place where you conduct business.

Surety Bond: Applicants for a new vehicle dealer, used vehicle dealer, or broker's license must obtain a surety bond. Indiana statutes and rules can be found on the General Assembly’s website at iga.in.gov. Home Colorado Dealers & Auto Industry Dealer Licensing Dealer Licensing in Colorado You’ll need to apply for a dealer/wholesaler license with the Colorado Department of Revenue’s (DOR) Auto Industry Division (AID) if you plan to sell OR lease at least 3 vehicles during 1 calendar year at the same address. Types of Florida Dealer Licenses.
A surety bond is like an insurance policy and can be obtained from insurance companies or bonding companies. In Georgia, applying for a car dealer license will differ depending on the type of license you’d like to have: Independent dealer—Also known as a used car dealer, applies for a license with the Georgia Secretary of State (SOS) AND registers their business with the Department of Revenue (DOR). How to get your license: Vehicle dealer. personal credit.