Posted on November 16, 2010.
How to obtain a license to buy cars car auctiona General DMV Requirements
Approval of business location by a DMV representative.
Completed application form.
$ 300 fee for each main location.
$ 25,000 bond or letter of credit.
Garage liability insurance or general liability policy and business for VI, VA, VW, and SD. However, applicants must submit franchise dealer garage liability insurance.
Who can help me get all this infa
Copy of lease for the site or proof of ownership.
Dealer training seminar certificate.
Fictitious business name registration.
A copy of company documents.
Sales tax identification number.
federal employer identification number.
Fingerprints and applicable fees. ($ 54.25 per person).
Well, you know what you need. You just need to rent a lot, get liability insurance garage that runs $ 2,000 + per year and do everything contained therein.
The link is not expensive.
Ive never heard of "training certificate broker" or fingerprints. We do not have them in my state.
The bottom line is its not worth buying a few cars a year.
reeally you try to half-*** your way through this. You already know the requirements, which is more than most people who ask this. So do your research and find the answers to others.
If you do not have the initiative to do this research, please stop now. A dealer license is expensive to obtain, expensive to maintain, and carries enormous responsibility. You do not seem to have much industry experience, which means you will lose your $ $ in less than 90 days.
Why are you asking us thisa
Only you know how much it costs to buy a piece of property and a land line to slap your own land concession down on ... at work!
