How to Obtain a Car Dealer License
Getting a car dealer license will give you the opportunity to sell cars for profit. If you have a car dealer license, you can open up a car dealership and sell cars. You will also be able to buy cars from dealer auctions. Dealer auctions offer cars at wholesale prices.
Find out your state's requirements on individuals obtaining a car dealer license. Each state has different rules and regulations concerning car dealer licenses. Find out this information by contacting a Department of Motor Vehicles located close to you. Tell a DMV employee that you want a dealer's license packet. You have the option of having it mailed to you or you can pick the packet up.
Study the documents and see what documentation you will need to get your car dealer license.
Start a business. Name the business and register it with the state. You can choose to incorporate your business if you wish. Get a bond company to provide a bond for you. You will also need to have insurance. Some companies offer both bond and insurance. Getting bond and insurance through different companies is also an option.
Pass any educational requirements that your state may have. Some requirements are easier than others. The level of study needed to pass will vary. The DMV can provide you with a list of educational centers.
Take all your information and documentation to the Department of Motor Vehicles. The DMV will take your application and documents and give you a car dealer license if everything has been done properly.