North Carolina Automobile Dealers Industry Information Pamphlets
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How to fill out Automobile Dealers Industry Information Pamphlets?
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FAQ
The state of North Carolina requires you to acquire a North Carolina Dealer License before you can start buying and selling cars. North Carolina residents are legally allowed to sell five vehicles per year without being licensed, as long as the vehicles are registered in your name.
Payment for the applicable fees:Dealer license: $90, Dealer plates: $36 per plate for the initial 5 plates, and $18 per plate after that.
How Many Vehicles Can I Sell in California in a Year? Within the state of California, you can only sell up to five vehicles within a year without a vehicle dealer's license.
Fortunately, there is no limit on how many cars you can own, but you may need to apply for a dealer's license if you intend to sell the cars that you buy.
Payment for the applicable fees:Dealer license: $90, Dealer plates: $36 per plate for the initial 5 plates, and $18 per plate after that.
The FTC's (Federal Trade Commission) Used Car Rule requires California Dealers to post a Buyers Guide in every used car they offer for sale. You must post a Buyers Guide before you display a vehicle for sale or let a customer inspect it for the purpose of buying it, even if the car is not fully prepared for delivery.
If you intend to sell more than five vehicles, you are required by law to register for a North Carolina vehicle dealer's license. If you fail to do this, you can be charged a hefty fine and even be thrown in jail.
The Buyers Guidethe major mechanical and electrical systems on the car, as well as some of the major problems that consumers should look out for;whether the vehicle is being sold "as is" or with a warranty;what percentage of the repair costs a dealer will pay under warranty;More items...
To recap, you can only sell a maximum of five vehicles registered in your name within the state of North Carolina without a license. If you intend to sell more than five vehicles, you are required by law to register for a North Carolina vehicle dealer's license.
The DMV requires that applicants disclose all Felony and Misdemeanor convictions that occurred within the past 10 years. The 10 years is measured from your date of conviction or date of release if you were incarcerated. There is no requirement to disclose traffic offenses, including DUI convictions.