Quick Answer: How Do I Get A Florida Wholesale Dealer License To Sell Cars?

How do you get a wholesale car dealer license in Florida?

Business Operation License Once you’ve secured the surety bond, you can apply for a Florida wholesale dealer license in any of the Division’s regional offices, which are most convenient for you. Submit a completed application together with a fee of $300 for each main location.

Do you need a dealer license to sell 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.

How do you get a dealers license in Florida without a lot?

How to Get an Auto Dealer’s License With No Storage Lot

  1. Contact the Zoning Department.
  2. Contact the Secretary of State’s Office.
  3. Contact the Department of Motor Vehicles.
  4. Complete the Auto Dealer Application.
  5. Apply for a Surety Bond.
  6. Complete a Dealership Training Course.
  7. Register the Business Name.
  8. Apply for a Sales Tax Number.
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How many cars can I sell in Florida without a dealers license?

This is generally referred to as “curbstoning.” Additionally, Florida law presumes any person, firm, partnership or corporation that buys, sells, offers for sale, displays for sale or deals in three or more motor vehicles in any 12-month period to be a motor vehicle dealer and must have an appropriate license issued by

Is flipping cars illegal in Florida?

Our investigation found that flipping a car for profit is not illegal. We have learned, in most cases, it can be done legitimately. The new owner must first register the car with the Department of Motor Vehicles in their name and pay the sales tax on the actual sale price.

How much does it cost to get a car dealer license in Florida?

Proper Florida Dealer License Fees 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.

Can a felon get a dealers license in Florida?

If a felon has been convicted of a non-violent, non-motor vehicle dealer crime, this most likely will not affect his or her ability to get approved for a dealer license. These include non-violent crimes such as: DUI. DWI.

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.

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How much is a wholesale license in Florida?

A wholesale license can cost anywhere between $3,000 to $10,000 depending on the type of license. Contact the IRS to inform yourself about which licenses you might need to operate your business legally, for laws vary depending on the state and the type of business you want to run.

How long does it take to get a dealer license in Florida?

It generally takes between four and six weeks for Florida Car Dealers License to get members setup on a Co-op used car dealer license.

How much is a auction license in Florida?

Once you’ve filled out your application to get a car auction license and included the necessary forms, you can submit it to the Florida Department of Highway Safety and Motor Vehicles along with an application fee. As of 2021, that fee is $300 for each main business location you have; the annual renewal fee is $75.

What do I need to get a dealers license in Florida?

Steps

  1. Attend FL Dealer Training Pre- License Class.
  2. Determine the Business Structure for Dealership.
  3. Obtain a Federal Employee Identification Number.
  4. Find Established Location and Obtain Approval from your local DHSMV Office.
  5. Obtain a FL Sales Tax Number.
  6. Obtain Garage Liability Insurance.
  7. Obtain a $25,000 Surety Bond.

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.

Can I drive a car without plates if I just bought it in Florida?

You can drive a car in Florida without license plates for 30 days, but with a bill of sale and proof of insurance.

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What happens if you don’t return Florida plates?

Failure to surrender a valid license plate when your insurance is cancelled or expires will result in suspension of your driver license. When you dispose of a plate by turning it into a tax collector’s office you will receive a receipt showing that the plate was surrendered.

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