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.
Every state in the country mandates specific requirements for obtaining a vehicle dealership license. For example, you will find that Pennsylvania requires a minimum of five different applications, whereas North Dakota only requires one.
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. And, you’ll also uncover tips and advice on state Lemon Laws and the dangers of deceptive advertising.
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?
Assuming that accessible, you will be given with provision connection to downloading purposes. Likewise, you will discover data about necessities, for example, showcase part size, telephone line, the showing of business hours, office prerequisites, front sign size, filling framework requirements 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/.