Category: Uncategorized

August 30, 2021

Oregon Car Dealer License Guide

In this article, we’ll walk you through everything you need to get an Oregon car dealer license. Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. Our expert agents are ready to assist with all your Oregon car dealer license bond needs. What Are the Different Types of Oregon Car Dealer Licenses? Oregon’s DMV Business Licensing Unit issues several types of dealer licenses, the most common of which is the standard dealer certificate, which permits the sale of both new and used motor vehicles. There are other licenses for sellers of motorcycles, ATVs, snowmobiles and so on, but this article focuses on obtaining a standard dealer certificate, which is good for three years before it needs to be renewed. What Are the Steps in the Licensing Process? Before completing and submitting your application for a standard dealer, you will need to accomplish these tasks: Form a legal business entity and register it properly with the IRS and the state of Oregon. Complete eight hours of pre-licensing education offered by an approved provider. Secure a permanent business location and obtain city or county zoning approval. Purchase liability insurance (and Workers’ Compensation insurance...

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August 13, 2021

Oklahoma Car Dealer License Guide

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all your Oklahoma car dealer bond needs. What Are the Different Types of Oklahoma Car Dealer Licenses? Oklahoma issues dealer licenses to 1) retail dealers selling new motor vehicles, 2) dealers selling only used vehicles, and 3) wholesalers selling only to other dealers. This article focuses on obtaining a license as a used motor vehicle dealer, which is issued by the Oklahoma Used Motor Vehicle and Parts Commission (UMVPC) What Are the Steps in the Licensing Process? Download the application for a used vehicle dealer license. Before you fill it out, you’ll need to: Register your business with the Oklahoma Secretary of State. Establish a permanent business location and obtain proof of local zoning approval. Obtain a current report (Name-Based, Sex Offender, Violent Offender) from the Oklahoma State Bureau of Investigation. Purchase a $25,000 garage liability insurance policy. Purchase a $25,000 Oklahoma car dealer bond. Fill out the application in its entirety, get it notarized, and submit it to UMVPC in Oklahoma City, along with...

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August 13, 2021

Ohio Car Dealer License Guide

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all your Ohio car dealer bond needs. What Are the Different Types of Ohio Car Dealer Licenses? The Ohio Bureau of Motor Vehicles licenses motor vehicle dealers in two main categories: dealers selling new motor vehicles and those selling used vehicles. The definition of motor vehicles includes motorcycles, trucks, APVs and other vehicles. There are more used vehicle dealerships than new, so the focus of this article is on the licensing of used vehicle dealers. What Are the Steps in the Licensing Process? There are several things you’ll need to accomplish before submitting a dealer license application. Once you’ve established a legal business entity: Register it with the IRS and obtain a Federal Employer Identification Number (FEIN). Use the Ohio Business Gateway to register the business with the Ohio Department of Taxation and get a tax ID number. Register with the Auditor’s Office in your county to get a Vendor number. Secure a permanent location for your business that meets state requirements for used vehicle...

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August 13, 2021

North Dakota Car Dealer License Guide

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your North Dakota car dealer bond needs. What Are the Different Types of North Dakota Vehicle Dealer Licenses? North Dakota’s Department of Transportation, Motor Vehicle Division (NDMVD) issues the following types of dealership licenses: New or Used Motor Vehicle Dealer Motor-Powered Recreational (MPR) Vehicle Dealer Trailer Dealer Mobile Home and Manufactured Home Dealer Our focus here is on the licensing of used car dealers. What Are the Steps in the Licensing Process? The licensing process in North Dakota is relatively simple, assuming that you have already established a legal business entity and registered it properly with the IRS and the North Dakota Tax Commission. The major steps are outlined below. Secure a permanent business location that meets state requirements and local zoning rules. It must pass an inspection before your used vehicle dealer license will be issued. Purchase liability insurance to cover your dealer plates. If you will have employees, purchase Workers’ Compensation insurance. Purchase a North Dakota car dealer bond in the...

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August 13, 2021

North Carolina Car Dealer License Guide

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all your North Carolina car dealer bond needs. What Are the Different Types of North Carolina Car Dealer Licenses? North Carolina’s Division of Motor Vehicles (NCDMV), part of the state’s Department of Transportation, issues dealer licenses in these categories: New vehicle dealers Used vehicle dealers Distributors selling new vehicles to new vehicle dealers Wholesalers selling used vehicles to used vehicle dealers Manufacturers providing new vehicles to distributors This article focuses on the process for obtaining a used vehicle dealer license in North Carolina. What Are the Steps in the Licensing Process? Here is an overview of the licensing process for used vehicle dealers. Register your legal business entity with the state (specific registration and documentation requirements depend on the type of entity (e.g., sole proprietorship, partnership, LLC, corporation, etc.). Complete a 12-hour pre-licensing course at some point during the 12 months before applying for a used vehicle dealer license. Retain the certificate of completion to submit with your license application. Secure a permanent business location...

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August 13, 2021

New York Car Dealer License Guide

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all your New York car dealer license bond needs. What Are the Different Types of New York Car Dealer Licenses? The New York Department of Motor Vehicles (NYDMV) issues licenses to boat dealers, yacht dealers, and vehicle transporters as well as to dealers selling what we typically think of as motor vehicles—new and used cars, trucks, and ATVs, either as retailers to the public or wholesalers doing business only with other dealers. Our focus here is on the most common dealer license type: used car dealer licenses. What Are the Steps in the Licensing Process? There are certain things you’ll need to do in preparation for submitting an application to NYDMV for a used motor vehicle dealer license. Register your business entity it with the New York State Department of Taxation and Finance (DTF), which can be done online. This will give you the Certificate of Authority and sales tax ID number you’ll need to include on your used auto dealer license application. Secure a permanent business...

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August 13, 2021

Colorado Car Dealer License Guide

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your Colorado auto dealer bond needs. Learn how to get a Colorado car dealer license, and contact us today to request a quote on the bond you need. What Are the Different Types of Colorado Auto Dealer Licenses? Colorado’s Auto Industry Division, part of the Department of Revenue, issues seven different types of dealer licenses: Franchised Dealer (new motor vehicles) Used Dealer Wholesaler Wholesale Auction Franchise Powersport Vehicle Dealer (new vehicles) Used Powersport Vehicle Dealer Wholesale Powersport Vehicle Dealer Regardless of the type of license you’re seeking, you’ll need to meet certain eligibility requirements related to net worth, credit standing, and criminal history. What Are the Steps in the Licensing Process? Prior to applying for an auto dealer license you must complete the pre-licensing education requirements and pass the online Auto Industry Mastery Examination. You’ll also need to obtain a Sales Tax License if you don’t already have one, purchase a $50,000 Colorado auto dealer bond, and gather certain documents that you will...

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August 13, 2021

California Car Dealer License Guide

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your California auto dealer bond needs. Learn how to get a California car dealer license, and contact us today to request a quote on the bond you need. What Are the Different Types of California Auto Dealer Licenses? In California, if you sell even one car for profit, the law requires you to have an auto dealer license. You can get either a retail or a wholesale auto dealer license that permits you to sell used vehicles in California. While both retail and wholesale dealers may sell to dealers or at auctions, only retail dealers are allowed to sell to the public. The other main difference between the two types of licenses is that retailers have to maintain an office and car lot, but wholesalers do not. What Are the Steps in the Licensing Process? California requires successful completion of a pre-licensing education and a passing score on the DMV dealer licensing exam administered by the DMV Occupational Licensing office. There are several...

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August 13, 2021

Arkansas Car Dealer License Guide

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your Arkansas auto dealer bond needs. Learn how to get an Arkansas car dealer license, and contact us today to request a quote on the bond you need. What Are the Different Types of Arkansas Auto Dealer Licenses? In Arkansas, anyone selling more than five vehicles in a 12-month span is required to be licensed as a dealer. The Arkansas Motor Vehicle Commission issues licenses to retailers selling new motor vehicles as franchise dealers. The Arkansas State Police handles the licensing of wholesalers and dealers who sell used motor vehicles.  This article focuses on the licensing of used car dealers. What Are the Steps in the Licensing Process? This article focuses on the licensing of used car dealers. Key steps in that process include: Purchasing an auto dealer bond in the amount of $25,000 Purchasing a liability insurance to cover all vehicles offered for sale Taking photographs of the dealership location and signage Downloading and completing the license application Gathering any other documentation...

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August 13, 2021

Arizona Car Dealer License Guide

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your Arizona car dealer bond needs. Learn how to get an Arizona car dealer license, and contact us today to request a quote on the bond you need. What Are the Different Types of Arizona Auto Dealer Licenses? Arizona’s Department of Transportation issues different types of auto dealer licenses for: New motor vehicle dealers Used motor vehicle dealers Automotive recyclers Brokers Public consignment auction dealers Wholesale motor vehicle auction dealers Wholesaler motor vehicle dealers Regardless of the specific type of license, the licensing process is pretty much the same. What Are the Steps in the Licensing Process? There are several steps you must complete before submitting a license application. Apply for and undergo a criminal background check if necessary (if you own 20% or more of the business and have not gone through a background check in the preceding five years) Establish your permanent business location and take photos of it. Purchase an Arizona auto dealer bond in the required amount ($20,000, $25,000,...

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