How to get car dealership licenses for north carolina

Are you thinking about opening a car dealership in North Carolina? The state of North Carolina requires you to acquire a North Carolina Dealer License before you can start buying and selling cars. Wondering how much this is going to cost? North Carolina residents are legally allowed to sell five vehicles per year without being licensed, as long as the vehicles are registered in your name. There are a few special considerations to know for dealerships without lots.

If you're planning on displaying vehicles for sale at your home, check local laws first. There may be a limit on how or where you can display them. You'll also still need to list a place of business on your paperwork. This should be where your records are kept. Whether you have a lot or not, getting a surety bond is essential for becoming a licensed dealer. If you're not sure exactly what a surety bond is, don't worry—many people aren't quite sure at first.

Check out our page on What Is a Surety Bond? Basically, a surety bond serves as a guarantee that your business won't engage in unethical conduct. That can include everything from misrepresenting a vehicle's condition to not paying sales taxes. You'll pay a percentage of this upfront to the surety and then file your certification with your dealer application.

Visit dmv. We compiled a summary of the steps you may expect during the process:You can request an application package be sent to you by regular mail or download it. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. You need solutions.

You need good ideas, and you need to know how to get them. Menu Menu. About Contact Privacy Policy. August 23, No Comments. Source : www. Table of Contents. Tags: dealers , how to , license , without. Before you can get a car dealer license, you must have an established salesroom , meaning your place of business must:. This is a checklist provided by the License and Theft Bureau you can refer to for the application and business location requirements you need to fulfill.

Dealer license applications are a lot of work! If you need help along the way, call the DMV at You need a North Carolina car dealer license if you plan on doing any of the following: Buying , selling , or exchanging at least 5 motor vehicles for compensation over the course of 12 consecutive months on your own behalf , regardless of who owns the vehicles.