How can I get a dealer license in Florida?
How can I get a dealer license in Florida?
- Attend FL Dealer Training Pre-License Class.
- Determine the Business Structure for Dealership.
- Obtain a Federal Employee Identification Number.
- Find Established Location and Obtain Approval from your local DHSMV Office.
- Obtain a FL Sales Tax Number.
- Obtain Garage Liability Insurance.
- Obtain a $25,000 Surety Bond.
How much does it cost to get your dealers license in Florida?
|License Type||Original License Fee||Annual Renewal Fee – Primary Location*|
|Independent Motor Vehicle Dealer (VI)||$300||$75|
|Wholesale Motor Vehicle Dealer (VW)||$300||$75|
|Motor Vehicle Auction (VA)||$300||$75|
|Salvage Motor Vehicle Dealer (SD)||$300||$75|
How do you get a dealers license in Florida without a lot?
How to Get an Auto Dealer’s License With No Storage Lot
- Contact the Zoning Department.
- Contact the Secretary of State’s Office.
- Contact the Department of Motor Vehicles.
- Complete the Auto Dealer Application.
- Apply for a Surety Bond.
- Complete a Dealership Training Course.
- Register the Business Name.
- Apply for a Sales Tax Number.
How long does it take to get a dealers license in Florida?
The Florida Dealer Class is a two day course that will last a total of 16 hours. In your Florida Dealer Class you will learn about Florida motor vehicle dealer laws, Federal dealer compliance, how to report sales, etc. Approved Florida Dealer License providers are listed below.
What happens if you sell more than 3 cars a year in Florida?
In Florida, the only vehicle you can sell privately is a car that you own. Selling three or more cars in a 12-month period requires you to have a state dealer license.
Can you be a car trader from home?
Notify Your Local Council To keep your costs down, selling cars from home may be the best route to go down initially. It’s important to check with your local council to see how many vehicles you’ll be able to park on the main road at one time and that you can legally sell from home.
How many cars can you sell in a year in Florida?
According to Florida law, you can privately sell no more than three cars in a calendar year without a dealer license.
Is selling cars a good career?
Many people view a career in auto sales as a job filled with long hours and the need to employ hard closing techniques. However, a career in auto sales can be very rewarding. Those who are successful in auto sales understand that their success is not dependent upon the brand of car that they sell.
What is a dealer markup?
You can usually spot a markup by looking for a listing price that’s higher than MSRP. Below, you’ll find an example of a new Toyota Corolla SE with an MSRP of $25,719 but a selling price of $31,709. That’s a $5,990 markup, or 23% above MSRP, on what should be one of the most affordable Toyotas that you can buy.
Do you need a license to flip cars in Florida?
Any person, corporation, or partnership who sells used motor vehicles for retail or wholesale purposes in Florida must have a Florida Used Car Dealer License (AKA: Florida Independent Dealer License.) If you wish to sell new vehicles, please see our post on how to get a franchise dealer license in Florida.
Can I sell cars from my home in Florida?
According to Florida law, you can privately sell no more than three cars in a calendar year without a dealer license. Also note that, in Florida, you can’t park vehicles in public right of ways or on public properties solely to sell that vehicle if you don’t have permission from the property owner.
What do you learn in a Florida dealer class?
In your Florida Dealer Class you will learn about Florida motor vehicle dealer laws, Federal dealer compliance, how to report sales, etc. Approved Florida Dealer License providers are listed below. Be sure to include your FL Dealer Class Certificate of Completion in your dealer application packet.
How much does it cost to get a Florida State dealer license?
The State of Florida charges Florida dealers to pay a $300 Florida State Dealer License fee for each main location. You should call 850-617-3003 before sending in your Dealer Application to make sure you are writing your check for the correct amount. Incorrect fees can lead to extensive delays in obtaining your Florida license.
How do I incorporate my Florida dealership?
If you incorporate your Florida dealership you must include the Florida Articles of Incorporation with your FL Dealer License application packet. All dealers must attend the state mandated Florida Dealer Educational course before you are granted a Florida Dealer License.
How much is continuing education for Florida auto dealers?
Florida Auto Dealer Continuing Education must be done every other year. Complete our Florida Car Dealer Continuing Education for only $19.95.