Auction License : March 2014

Friday 7 March 2014

Obtaining a dealership license can be a long process. There are many applications to be filled and also, many requirements to be found. But, once you start digging, you will find that there are basically three separate dealership categories: licensing requirements, dealer forms and dealer-related information.

Each state in the nation orders particular prerequisites for getting a vehicle dealership permit. For instance, you will find that Pennsylvania obliges at least five separate provisions, while North Dakota just obliges one.

You'll likewise take in each one state's dealership building prerequisites including the measure of road signs, size of showcase parts, number of telephone lines, and the posting of working hours. Furthermore, you'll likewise uncover tips and exhortation on state Lemon Laws and the dangers of tricky publicizing.

Lemon Laws in most states are spelled out in their legal code. At the DMV’s website you can find state-by-state guides which will explain in plain English how Lemon Law claims are handled where you live.

Mostly, your state will mediate between you and the automaker to get the vehicle repaired or replaced, or your money refunded. You should collect as much information as you can because you don’t want to get stuck with a car you can’t drive.

That is why you should you the Lemon Law guide to find out to keep good records, notify the manufacturer that the vehicle is flawed, file a Lemon Law complaint and receive restitution. In short, the Lemon Law protects your rights as a consumer.

What else can you find at the DMV’s website?

If available, you will be provided with application link for downloading purposes. Also, you will find information about requirements such as display lot size, phone line, the displaying of business hours, office requirements, front sign size, filling system needs and surety bonds.

What are surety bonds?

To deter the criminal activities such as cars sold with unpaid liens, undisclosed salvage histories and washed titles, states require dealers to buy a surety bond. This is done to protect the public from fraud and it is a frequent occurrence in the car business where basic guarantees can be anywhere from counterfeit to non-existent.

Why do I need a surety bond?

Car dealer bonds provide financial guarantees that help regulate the industry. Also, car dealer bonds protect customers, sellers, financial enterprises and/or governmental agencies. If a dealer commits fraud or conducts business in other unethical ways, the bond helps these entities recover from any resulting financial loss.

Are there additional requirements that you should know about?

Yes, before you can buy and sell cars you will need a business license, a business plan and you will need to pass a background check because most states and bonding companies want to know all about your financial history and they will check if you had any crimes in your past that might me a problem in future.

Information on Dealers License, LLC

Dealers License, LLC is based in Greenville, South Carolina and helps clients across the country acquire their dealer license. They can assist you whether you are looking for a wholesale or retail dealer license, either of which allow you to access the dealer-only auctions mentioned above as well as buy and sell within the company's retail network. They will also help you 24/7 with marketing assistance, mentoring and coaching. If you would like to learn more, check out: https://www.dlcnetwork.com/.

Dealer plates

Dealerplates

The classifications qualified for metal merchant's plates incorporate: Franchise, GDN Motor Vehicle & Motorcycle, Manufacture Motor Vehicle & Motorcycle Plates, Converter Motor Vehicle & Motorcycle, and In-Transit Metal Plates. GDN and establishment merchants may request metal merchant's permit plates (merchant plate) for the sort of vehicles the merchant is authorized to offer. For instance, a merchant who is authorized to offer just autos may utilize his merchant plate just on an auto and not on a cruiser or trailer.

Dealer uses:

- Vehicle demonstration

- Personal use by the dealer, family or employees

- Only on vehicles dealer is licensed to sell

Converter and In-Transit uses:

- Vehicle demonstration

- Convey vehicle

Further, it is important to know that an auction licensee may not have dealer's plates under the wholesale license type. On the other hand, converter's plates may be displayed only on the type of vehicle that the converter is engaged in the business of assembling or modifying.

All dealers and licensees are only issued one plate. It must be displayed only in the rear license plate holder of the vehicle. Plates and license expire on the same day as the license.

Vehicles with Dealer’s or Converter’s plates:

- Must have current inspection sticker

- Cannot display signs on vehicle

- Cannot be displayed on vehicle carrying load or performing service for the dealership (such as towing and transporting other vehicles, courtesy cars, rental or lease vehicles)

- Must have title in name of or assigned to the dealership

The law requires a dealer or converter to maintain a record of all metal plates and each vehicle assigned a license plate. The log shall consist of:

- the assigned plate number

- the year/make of the vehicle displaying the plate

- the vehicle identification number and

- the name of the person in control of the vehicle

Dealers are limited in the number of plates they may order depending on the type of license issued and the number of vehicles sold.

How to apply for a new license?

If you are ordering dealer plates with your application for a new license, make sure you do not order more than the number allowed by law. These numbers depend on the license type. When renewing your license, the number of license plates you may renew includes the number of plates you received with your license. Let’s say you are a franchised motor vehicle dealer and you received five plates when you first received your license, then you may receive up to 25 additional plates upon renewal for a total of 30. If you are a franchised motor vehicle dealer and you did not receive any plates when you first received your license, then you may receive up to 30 license plates upon renewal. And if it is renewal time and you have already reached the maximum allowed plates, you may submit a VIT document or other proof of sales with your renewal application to receive additional plates (remember that VIT must be submitted each time with the renewal).

Wednesday 5 March 2014

Dealer’s license

You may think that selling a car in the US is easy. Only thing you have to do is to hop on eBay Motors, list it and sell it. But if you want to make a living by selling cars, that's a whole different story. You'll need to pass some tests, get a dealer’s license, and have your property inspected. Whether you are new to the car business or you are looking to grow your sales team, you’ll need to find out your state’s requirements on vehicle salesperson licensing.

Firstly, every state in the nation commands particular necessities for getting a vehicle dealership permit. There is a torrential slide of provisions and a demanding exhibit of building prerequisites. As a result of this, you may discover the procedure of getting the merchant's permit a spot troublesome. Yet, you can discover records and overall sorted out data at the DMV's site, so you don't have to contract a lawyer to interpret the paramount lawful parts.

The pages you will find at the website will offer three separate dealership categories: licensing requirements, dealer forms and dealer-related information. You'll also learn each state's dealership building requirements including the size of street signs, size of display lots, number of phone lines, and the posting of operating hours. You will uncover tips and advices on state Lemon Laws and the dangers of deceptive advertising. Also, you'll find downloadable application forms, including bill of sale and odometer disclosure statements, without having to track them down at a Department of Motor Vehicle office.

What are the steps to obtaining the dealer’s license?

1. Contact your local DMV

Each state in US has its own requirements for becoming a car dealer and getting the dealer license. Therefore, you will need to become familiar with the regulations in your state if you want to start your car selling business the right way. After you contact your local DMV, you will receive information and paperwork to fill out.

2. There are three things most states require:

- Pass the DMV test to get a car dealer license

- Set up a properly zoned location

- Get the location approved by the DMV inspector.

3. Fulfill additional requirements

You will need several other things to make your car dealing business successful and legal:

- A business license (Visit the US Small Business Administration, you will find there a great deal of useful information and not just rules and regulations)

- A business plan (Ideally, it will help you to plan for the future and work more effectively with people, starting today!)

- Apply for a surety bond (You will need to have a good credit history and your financial paperwork in order to be a successful car dealer. You will have to provide information about your business and specify the amount of bonding needed. Also, you will also have to sign a credit release agreement)

- Pass a background check (Most states and most bonding companies will want to know you have a solid financial history and no crimes in your past)

Tuesday 4 March 2014

Dealer license requirements

Every state in the country mandates specific requirements for obtaining a car dealership license. It can be a daunting process because of the great deal of paperwork and building requirements. On the other side, there are sources that offer easy-to-follow dealership licensing information for each specific state. For example, you will find that Pennsylvania requires a minimum of five different applications, whereas North Dakota only requires one.

In short, these sources offer three separate dealership categories: licensing requirements, dealer forms and dealer-related information. You'll also find that each state's dealership building requirements including the size of street signs, size of display lots, number of phone lines, and the posting of operating hours. And, you'll also uncover tips and advice on state Lemon Laws and the dangers of deceptive advertising.

So, what are the dealerlicense requirements?

Firstly, you need to contact your local DMV because, as we have already said, each state has certain requirements for becoming a car dealer and you will need to become familiar with the requirements in your state if you want to get your dealer license. Once you get in touch with your local DMV, you will receive information and paperwork to fill out.

Most states also require that you pass the DMV test to get a car dealer license, to set up a properly zoned location and to get the location approved by the DMV inspector. Many county and city governments require at least a half-acre of paved surface, an office, but the most important is- proper zoning. If you want a prime location, expect a cost of several thousand dollars at minimum. The smarter alternative for most dealers new to this business is to find either a more rural location at a lower cost, or get a small office that has limited space for vehicles. That means lower drive-by traffic, smaller inventory and perhaps more money in advertising. You decide what’s more important to you.

After that, there are some additional requirements to be fulfilled. Before you can buy and sell cars, you will need a few other things to make your business both legal and successful. You will need a business license (visit the US Small Business Administration, they have a wealth of information and not just the rules and regulations but they can inform you in everything, from how to name your business to how to get funding), a business plan (you will work more effectively), you’ll need to apply for a surety bond (you can usually get a quote from bond companies for free or for a small fee, but you’ll need to have a good credit history and your financial paperwork in order to be successful) and you’ll need to pass the background check (most states and most bonding companies will want to know if you have had a criminal history and they will want to know about your financial history).