- How To Get Auction License In Texas
- How To Obtain A Texas Auto Dealer License
- How To Obtain Texas Auto Dealer License
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Becoming a car dealer in Texas can be a relatively lengthy process. However, the car sales business, whether dealing in used or new cars can be lucrative. Before applying for a car dealer license, be sure you have your business plan in place as well as your location for business secure. Consult an attorney if you need help with zoning and municipal issues in your community.
May 08, 2015 You'll see examples of business location requirements from the Texas dealer license requirements; California dealer license requirements and Colorado dealer license requirements. Becoming a car dealer in Texas can be a relatively lengthy process. However, the car sales business, whether dealing in used or new cars can be lucrative. Before applying for a car dealer license.
1.Obtain and complete the motor vehicle sales finance licensing kit available for download on the Office of the Consumer Credit Commissioner website. This kit includes a checklist for obtaining a new license as well as the forms necessary to get a license.
2.Determine what type of car dealer you will be in Texas. New vehicle sales require a franchise agreement with a manufacturer and a detailed zoning plan.
3.Complete the franchise agreement with a manufacturer if you intend to sell new cars. Keep a copy of this agreement for your Auto Dealer License Application.
4.Complete a copy of the Auto Dealer License Application available at a local Texas Department of Motor Vehicles (TXDMV) office or by downloading one from the TXDMV website.
How To Get Auction License In Texas
5.Request zoning permission for car sales in your municipality, along with proof, such as photos of your dealership space and signage. Photos are required for the General Distinguishing Number. Photo requirements are in the General Distinguishing Number Application instructions.
6.Complete the application for a General Distinguishing Number. This number is required by any person in the state of Texas who 'is engaged in the business of buying, selling or exchanging motor vehicles or otherwise engaging in business as a dealer, directly or indirectly including consignment...' according to the Texas Department of Transportation.
7.Write up your financial statement detailing your current business assets and liabilities, if any. Submit this with the other information requested in the General Distinguishing Number application. Your financial statement should also include detailed profiles of company officers, other employees and any other companies or partners in the business.
8.Apply for a surety bond in the amount of at least $25,000.
9.Pay the $700, as of this writing, fee for new vehicles or $200 fee for used vehicle sales only when you submit your application materials either in person at a local TXDMV office or by sending the application to:
Motor Vehicle Division
P.O. Box 13044
Austin, TX 78711-3044
Add an additional $1 fee if paying by credit card.
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How To Obtain A Texas Auto Dealer License
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How To Obtain Texas Auto Dealer License
About the Author
Michelle Hogan is a writer and the author of 13 books including the 2005 bestselling memoir, 'Without a Net: Middle Class and Homeless (With Kids) in America.' Hogan studied English at American University and has been writing professionally since 1998. Her work has appeared in 'The New York Times,' 'Redbook,' 'Family Circle' and many other publications.
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