Motor Vehicle Dealers Used Only Forms for Middlesex
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FAQ
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.
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...
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.
You need to obtain a Kentucky dealer license if you want to sell more than 5 vehicles in the state within a 12 month period. The licenses are issued by the Kentucky Motor Vehicle Commission, which is the authority that oversees dealership activities.
When buying a used car its important to remember state laws require that you receive title to the vehicle within 30 to 45 days from the date of purchase.
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.