There are immense benefits associated with becoming an automotive car dealer the world over. With a car dealer license, you will access auctions and buy cars at wholesale prices for resell at profit. Given the bulk nature of orders, you can also acquire personal cars of choice at greatly discounted rates and even assist close friends and family in doing so. Further, many countries offer great tax breaks as incentives to auto dealers for their efforts in spurring economic growth, generating wealth and creating employment.Thus said, acquiring an automotive dealer license is a step in the right direction.
Different States in America are governed differently. The same applying even in the way they regulate the industries within their jurisdiction. Due consideration is going to the States of Florida and California for purposes of this discourse.
Starting with Florida, the dealership licenses applied for normally fall into four categories. These are Independent, Auctions, Franchise and wholesale licenses.In this State, anybody with a showroom exhibiting three or more vehicles for sale is considered a dealer. Such a person or company is therefore expected to obtain a license for this activity from the DMV section as stipulated under section 320.27
The DMV requirements are quite broad and comprehensive. They basically include an approval of business premise, a completed application form, a $300 fee for every main location, a surety bond, securing of a Garage liability insurance, copy of lease for the yard, Dealer training seminar certificate, copies of corporate papers, sales tax number, a Federal employer identification number and finally, fingerprints accompanied by the application fees.
In case of any breach, the State of Florida treats these violations as misdemeanors of a second degree with fines or jail terms not exceeding six months. A person can also be charged under civil law in exceptional circumstances with more harsh penalties and jail sentencing.This is to deter any compromise of industry standards.
The set of rules regulating the certification of dealers in California is quite different from the ones in Florida. To begin with, training in a dealership course is a must to all those interested in this business. The type of dealership will determine the curriculum to be pursued. Upon passing the test, official in the DMV office will need to see proof of business location. The application fees for this process apply as applicable.
Interestingly, it is easier to operate as a wholesale trader in California than a retail one. This is owing to the fact that the restrictions for a retail dealer are more constraining. Stringent compliance with insurance and bonds is a must. In addition, only the retail type of dealership is permitted to engage the public.Upon passing, the successful applicant is also required to produce photos of his main area of operations.
Once prospective applicants for automotive dealer license pass their exams, they must produce photos of the main building, display area, the office, business and resale permits, inside signs and the DMV dealer book. Other requirements in the process include submitting of a zoning approval letter and a TSM8888 business license permit as well. As to any further information, feel free to visit the nearest DMV office.
Different States in America are governed differently. The same applying even in the way they regulate the industries within their jurisdiction. Due consideration is going to the States of Florida and California for purposes of this discourse.
Starting with Florida, the dealership licenses applied for normally fall into four categories. These are Independent, Auctions, Franchise and wholesale licenses.In this State, anybody with a showroom exhibiting three or more vehicles for sale is considered a dealer. Such a person or company is therefore expected to obtain a license for this activity from the DMV section as stipulated under section 320.27
The DMV requirements are quite broad and comprehensive. They basically include an approval of business premise, a completed application form, a $300 fee for every main location, a surety bond, securing of a Garage liability insurance, copy of lease for the yard, Dealer training seminar certificate, copies of corporate papers, sales tax number, a Federal employer identification number and finally, fingerprints accompanied by the application fees.
In case of any breach, the State of Florida treats these violations as misdemeanors of a second degree with fines or jail terms not exceeding six months. A person can also be charged under civil law in exceptional circumstances with more harsh penalties and jail sentencing.This is to deter any compromise of industry standards.
The set of rules regulating the certification of dealers in California is quite different from the ones in Florida. To begin with, training in a dealership course is a must to all those interested in this business. The type of dealership will determine the curriculum to be pursued. Upon passing the test, official in the DMV office will need to see proof of business location. The application fees for this process apply as applicable.
Interestingly, it is easier to operate as a wholesale trader in California than a retail one. This is owing to the fact that the restrictions for a retail dealer are more constraining. Stringent compliance with insurance and bonds is a must. In addition, only the retail type of dealership is permitted to engage the public.Upon passing, the successful applicant is also required to produce photos of his main area of operations.
Once prospective applicants for automotive dealer license pass their exams, they must produce photos of the main building, display area, the office, business and resale permits, inside signs and the DMV dealer book. Other requirements in the process include submitting of a zoning approval letter and a TSM8888 business license permit as well. As to any further information, feel free to visit the nearest DMV office.
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