How to get your own North Carolina Used Car Dealer License -step-by-step guide
If you want to sell cars in the state of North Carolina, you need a Dealer License. A person needs a license if a person “Engages, wholly or in part, in the business of selling new motorvehicles or new or used motor vehicles, or used motor vehicles
only, whether or not the motor vehicles are owned by that
person, and sells five or more motor vehicles within any 12 consecutive months”…
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Auto dealer licenses are handled by the License and Theft Bureau in the Division of Motor Vehicles of the Department of Transportation (NCDOT).
The good thing is you do not have to have a Car Lot in North Carolina, but your location (enclosed office) must have Proper Zoning Approval to sell Cars from that Location ). Your Established office must meet the following requirements:
1.Location:
a. Contains at least 96 square feet of floor space in a permanent enclosed
building.
b. Is a place where the books, records, and files required by the Division
under this Article are kept.
If you want to go bigger, then you can get an “established salesroom” (a showroom explicitly for Retail selling to the public) containing at least 96 square feet of floor space in a permanent, enclosed building, or separate and apart from any living quarters, residence, or other business and having a separate entrance.
Established salesroom. – A salesroom that meets the following requirements:
a. Contains at least 96 square feet of floor space in a permanent enclosed
building.
b. Displays, or is located immediately adjacent to, a sign having block
letters not less than three inches in height on contrasting background,
clearly and distinctly designating the trade name of the business.
c. Is a place at which a permanent business of bartering, trading, and
selling motor vehicles will be carried on in good faith on an ongoing
basis whereby the dealer can be contacted by the public at reasonable
times.
d. Is a place where the books, records, and files required by the Division
under this Article are kept.
Note: Make sure the established office and/or salesroom are in compliance with all state, county and municipal zoning regulations and ordinances.
2. Attend a Pre-Licensing Course (Used Motor Vehicle Dealers Only) Used motor vehicle dealers must complete a 12-hour licensing course approved by the DMV before applying for their license.
3. Obtain Liability Insurance Comprehensive liability insurance covering your dealer plates is required. Your provider and policy number must be included on your application.
4. Obtain Your Auto Dealer Bond The cost of a North Carolina auto dealer bond is a small percentage of the total bond amount. The bond cost varies depending on your financial strength, e.g. personal credit. You can also take a look at our most frequently asked surety bond questions.
Bond Amount Required:
$50,000 for one established salesroom
$25,000 for any additional salesrooms
4a. Get your state approved background check and attach proof to your application
5. Compile the Required Documents
An assumed business name must be filed with the Register of Deeds in the county where the business is maintained, if the business will be operated under any name different from the owner. If the business will be conducted as a corporation, you need to file articles of incorporation with the North Carolina Secretary of State.
A Trader’s License from the municipality and county must be obtained before filing your application
6. Arrange for a Business Location Inspection All dealerships must be inspected and approved by an agent of the License and Theft Bureau before your application is submitted.
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7. Submit Your Dealer License Application Fill out the application form and pay the fees:
$90.00 for each place of business
$36.00 per plate for the first five plates
$14.00 per plate for additional plates
$14.00 per dealer transporter plate
$25.00 for 25 temporary markers
8.
North Carolina Department of Transportation
Division of Motor Vehicles
License and Theft Bureau Dealer Unit
3129 Mail Service Center
Raleigh, NC 27699
North Carolina Dealers License are valid for one year. They must be renewed annually…
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