- 1 How do I get a dealers license without a lot in Alabama?
- 2 How much is a dealers license in Alabama?
- 3 How many cars can you sell in Alabama without a dealers license?
- 4 Can wholesale dealers sell to the public?
- 5 How do I get a surety bond in Alabama?
- 6 How do I get a rebuilding license in Alabama?
- 7 Is car flipping profitable?
- 8 How many cars can you sell in a year Alabama?
- 9 Is the dealer supposed to give me tags?
- 10 Is car flipping illegal?
- 11 What is Curbstoning?
- 12 Is there a limit to how many cars you can own?
- 13 What is the difference between a used car dealer and a wholesaler?
- 14 What is the difference between a wholesale license and a retail license?
- 15 How do I buy a car wholesale?
How do I get a dealers license without a lot in Alabama?
You must obtain your regulatory license from the Alabama Department of Revenue (ADOR) before applying for a privilege license. Complete and submit the online form and supporting documentation to the Alabama Department of Revenue (dealer license section). The last step is to obtain your privilege license.
How much is a dealers license in Alabama?
How much will my Alabama Motor Vehicle Dealer License cost? The cost of your license will be $25 for each license type needed. Remember, motor vehicle rebuilder and wholesaler licenses are automatically included in under new and used motor vehicle dealer license designations (i.e. no additional fee is needed).
How many cars can you sell in Alabama without a dealers license?
The general rule of thumb is that if you deal 5 or more vehicles in a 12-month period, you must have an Alabama Dealer License. Not sure if you need a dealer license? Check out this post on selling cars without a license.
Can wholesale dealers sell to the public?
California has two types of Dealer licenses for selling pre-owned vehicle; Retail and Wholesale. A Retail Dealer License permits you to sell vehicles to the public, other Dealers or at auctions. A Wholesale Dealer License permits you to sell to other Dealers or auction but not to the public, in California.
How do I get a surety bond in Alabama?
The first step to get an Alabama surety bond is to contact a surety bond company. You could also get a surety bond from your local insurance agency, but surety companies often have better rates and options available. Learn about what are the best surety companies. Browse available Alamaba surety bonds.
How do I get a rebuilding license in Alabama?
To apply for a rebuilder’s license, contact the Alabama Department of Revenue License Tax Section, P.O. Box 327550, Montgomery, AL 36132-7550 – Telephone: (334) 353-7827. A license application with instructions can be obtained which explains the licensing requirements and fees.
Is car flipping profitable?
Some people flip or restore just a few classic or exotic cars per year, but earn up to $30,000 per vehicle in profit alone. It doesn’t take long to earn a big income with those types of numbers.
How many cars can you sell in a year Alabama?
The state of Alabama recognizes any enterprise that sells five or more vehicles in any one year period as a car dealer. Retailers sell only to the public and must collect sales tax.
The dealer will provide you with a temporary plate, which allows you to drive legally and provide enough time for you to complete necessary paperwork in your town. Or, your dealer can mail you your license plates and registration once the paperwork is processed.
Is car flipping illegal?
Our investigation found that flipping a car for profit is not illegal. We have learned, in most cases, it can be done legitimately. The DMV also suggests, when buying or selling a car, to complete the transaction at the DMV.
What is Curbstoning?
Curbstoning is defined as the act of systematically selling or “flipping” vehicles while posing as a private seller. Curbstoning is regulated individually by state governments, and is considered illegal in most legislatures.
Is there a limit to how many cars you can own?
Owning more than one vehicle can be done as a hobby or out of necessity. But will that get you in trouble at some point? How many vehicles can you have on your property legally? There is no limit to the number of vehicles you can own.
What is the difference between a used car dealer and a wholesaler?
What is the difference between a Wholesale Dealer and a Retail Dealer? A Wholesaler may not sell vehicles to individuals. A Retail Auto Dealer License will allow you to not only buy and sell vehicles to other dealers, but will also allow you to sell vehicles to customers.
What is the difference between a wholesale license and a retail license?
A wholesale license is same as a seller’s permit. If you sell wholesale or buy wholesale or sell retail, you need a wholesale license. Likewise, if you sell retail, i.e., in small amounts, you need to collect sales tax for instate sales and you need a wholesale license (retail license, seller’s permit) do do so.
How do I buy a car wholesale?
Download our FREE e-book guide for full information on how to become an auto dealer!
- #1 Get a state business registration.
- #2 Find a location for your dealership and have it approved (if applicable)
- #3 Complete your wholesale dealer license application.
- #4 Submit your application and pay fees.
- How much does the bond cost?