Motorcycle, ATV, and Motor Vehicle Dealers Forms for Franklin
US Legal Forms has been providing Franklin Motorcycle, ATV, and Motor Vehicle Dealers with legal forms and forms packages for over 20 years. Access the largest online library of ready-to-use legal documents online.
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FAQ
Retail Dealers are required to have a commercial office dedicated to your dealer business, a two-foot square sign with your name and address posted permanently outside, and a display area. The display area must be large enough for at least one vehicle and reserved as a Display Area Only.
On the most basic level, you'll need a physical location for your dealership that meets the state's premises requirements, and a dealer surety bond in the amount of $50,000. Dealer licenses are $700 + dealer plates and are issued for two-year terms.
Tennessee Auto Dealer License GuideObtain a Permanent Business Location.Obtain Proof of Liability Insurance.Obtain Your Auto Dealer Bond.Compile the Required Documents.Submit Your Dealer License Application.
Pursuant to Rule 0960-1-14 Biennial License fees for licenses issued and renewed and other related fees shall be as follows: Manufacturer, Distributor, Factory Branch, Distributor Branch - $1600.00 (Plus $50.00 each per Franchise Dealer in Tennessee ) Motor Vehicle Franchise Dealer - $400.00 (per line make)
How to Get an Auto Dealer's License With No Storage LotContact the Zoning Department.Contact the Secretary of State's Office.Contact the Department of Motor Vehicles.Complete the Auto Dealer Application.Apply for a Surety Bond.Complete a Dealership Training Course.Register the Business Name.Apply for a Sales Tax Number.More items...
You are legally allowed to sell up to 5 vehicles a year without a Tennessee Dealer License, as long as those vehicles are registered in your name.