What You Need to Know About Your Car Dealers License

Are you ready to embark on your dream career? If you have a passion for motor vehicles, it may be time to finally take the leap. In our opinion, there’s no better time than now to obtain your car dealer’s license.

But, just because you’ve decided to take the next step doesn’t mean you know exactly what to expect. If you are looking for information, you’ve found it. In this post, we will cover everything you need to know about your car dealer’s license — and then some. 

Every State has Its Own Set of Requirements

Let’s say you already know that you want to buy, sell, and display motor vehicles. So, what comes next? The answer to that question depends on one key factor: the state in which you reside. That’s right. Every state has its own requirements for car dealer licensing. But don’t let that extra complication deter you. Our application process will get you started on the right track. As you move forward, be prepared to answer certain questions. Here are a few you will likely come across:

  • Which state will you be doing business in?
  • Do you need a wholesale license or a retail license — or both?
  • Do you already have a registered business?
  • Can you provide proof of insurance?
  • Can you pass a background check?

These are just a few of the concerns that will crop up during the license application process. While there are a few moving parts, the process is rather straightforward, especially with the help of a knowledgeable resource like The License Company LLC. 

You May Need a Surety Bond

In some states, car dealerships are required to provide proof of a surety bond. Pricing for this bond will depend on the minimum amount required by the state plus your credit score. A bad credit score will make this detail more expensive. 

Here’s What You Can Do with Your License

Depending on the exact license you apply for, there are several things you will be able to do once you are officially licensed. For example, you may be able to:

  • Buy and sell new vehicles
  • Buy and sell used vehicles
  • Attend dealers’ auctions in North America
  • Bid on cars through online auctions
  • Have unlimited income potential

If this sounds like a dream come true, that’s because it is. Becoming a car dealer is a great career with endless possibilities. 

Now Is a Great Time to Get Your Car Dealer’s License

If you have been dreaming of getting your car dealer’s license, the time is now. According to multiple sources, there’s never been a better time to buy and sell vehicles. Because the current demand for vehicles is far exceeding the supply, there is a lot of money to be made in this industry. For those looking to make a huge profit, the pickup and SUV trade is a great place to start. These vehicles have never been higher in demand than they are now. 

Once you are ready to apply for your car dealer’s license, trust in the expert team at The License Company to make the process as simple and easy for you. Whether you’re looking for your car dealer’s license or something else, like Georgia contractor licensing, we will see the application process all the way through to the end. Contact us today to learn more about which license types we can help with.