Sometimes, entrepreneurs looking to dip a toe into the water will "rent" a dealer's license by paying a membership fee to a local dealership that provides access to dealer auctions and other benefits of being a licensed dealer. You also won't get access to dealer auctions without a license, which is where most used car dealers find their best stock. However, most states allow a private citizen to sell only two or three vehicles per year without a license. If you're just selling your own personal vehicle, a dealer's license isn't necessary.
Do You Need a Dealer's License?įirst, maybe you're wondering if you really need a dealer's license to sell a few cars on the side.
WASHINGTON DISMANTLER LICENSE HOW TO
In this article, we'll talk about how to get a car dealer's license without a lot, and learn a little bit about motor vehicle dealer surety bonds along the way. For one thing, like any other dealer, you'll be required to carry a motor vehicle dealer bond to protect your customers-and that's where Surety Bonds Direct comes in. So, if you're asking whether you can get a dealer's license without having your own lot, the answer is yes, you can! However, there are a few key considerations you should be aware of first. It can be a good way to start out small without making a big-time investment in a lot or a large inventory. If you're just starting out in the auto trading business, this might be an option you're interested in. For starters, there are numerous independent dealers who run smaller lots, but there are also many legitimate, licensed sellers who don't have lots at all. There are many aspects to the auto business beyond the large, fancy lots. Do I Need a Car Lot to Get a Dealer's License?
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