Ohio Auto Dealer License: Step-by-Step Guide Licensing steps

Step -by- step guide to get your Ohio Used Car Dealers License … if you have the net worth of $75K or more keep reading!

 

 

 

 

 

 

~Obtain a Permanent Business Location

Obtain a Permanent Business Location Your business location must meet these requirements:
Easily accessible and identifiable as a dealership. The display lot must be at least 3,500 square feet and sufficient hard floor surface.

or

Have enough space for at least 10 cars at at time (inventory) and sufficient hard floor surface. All cars being sold have to be on display.
A sign must be visible showing the name on your application. The letters need to 123 be at least 6” in height.

Download the License Application Here

You must submit photographs showing the lot, the office (inside and outside) and the sign. Photographs may be submitted by mail or emailed to: dealerphotos@dps.ohio.gov

Your location must meet local zoning regulations; check the requirements with your local zoning regulator and have your location approved.

~Arrange a Place of Business Inspection (pre-inspection)

Arrange a Place of Business Inspection You are required to pass a physical inspection of your retail location. Don’t forget to send in the pictures of your business location prior to the inspection. Note: After your license is issued, the dealership will be subject to random inspections.

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~Submit Fingerprints

Submit Fingerprints All partners, the president, owner and any partners owning more than a 10% share of the business need to be electronically fingerprinted. The results must be sent electronically as a direct copy to BMV Dealer Licensing from a WebCheck location
Auto dealership licenses are handled by the the Ohio Bureau of Motor Vehicles (BMV). More information is available from the dealer licensing section. In order to be issued a license, your dealership needs to have a net worth of $75,000. The state of Ohio runs a background check on all parties owning more than 10% of the business

~Compile the Required Documents
Obtain surety Bond of $25K and provide proof of this

~Compile the Required Documents
Vendor number, obtained through your county Auditor’s Office
Federal Tax ID Number or Employer Identification Number (FEIN), obtained through the IRS.

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~Submit Your Dealer License Application

Submit Your Dealer License Application Submit your completed application form with all required documentation and fees.
Fees:
Permit: $50.00
Master plate: $50.25
Title Defect Rescission Fund: $150
$10.25 per additional plate
Postage for plates: $4.50 (only one postage fee applies even if multiple plates are requested)

Wait for 4-6 weeks after Dealer section recieves your application.