However, there are a few key considerations you should be aware of first. 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.
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. First, maybe you're wondering if you really need a dealer's license to sell a few cars on the side. If you're just selling your own personal vehicle, a dealer's license isn't necessary. However, most states allow a private citizen to sell only two or three vehicles per year without a license.
You also won't get access to dealer auctions without a license, which is where most used car dealers find their best stock. 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.
However, these practices can be legally dubious, and you're better off avoiding them. The bottom line is this: If you want to be an auto dealer, you need an auto dealer's license. Dealing cars without a license is illegal, and if you get caught, it can make it harder to get a license in the future.
Ultimately, the good news is that you don't have to have any kind of lot space to get a dealer's license. You can go through a process that's fairly similar to the licensing process for a dealer with a lot. The auto dealer license application process can be fairly long and involved, but with the right know-how, thousands do it every year.
The steps you'll need to follow will include:. Once your application is received and confirmed to be complete, the MVILB will send a field investigator to inspect your dealership. The next step in obtaining a NE motor vehicle dealer license is for your dealership to pass an inspection.
During the inspection, a field investigator from the Motor Vehicle Industry Licensing Board will check to ensure your dealership meets the requirements for an established place of business. Once your dealership passes inspection, the field investigator will return your application materials along with an Inspection Report —do not lose this! NE motor vehicle dealer licenses are valid for 1 calendar year , and expire on December Still have questions about your dealership inspection?
Consistently sell, lease for at least 30 days , or exchange new or used motor vehicles, trailers, or motorcycles. AND Buy, sell, or attempt to sell new or used motor vehicles. Chloe has a BA in Communication and Media Arts from Montclair State University and more than four years of experience in content writing, editing, and research. Before getting behind the keyboard at Jerry, Chloe was an Assistant Coordinator at her university and a film enthusiast working for the Montclair Film Festival.
When she's not writing about car insurance, she spends her time with her pets, playing video games, or enjoying long weekend hikes. Did this answer help you? Ask us a question by email and we will respond within a few days. Like this answer 0. Have a different question? You can meet us at our office and discuss the details of your question. Ask a question. Read advice from car experts at Jerry.
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