How do I retain a automobile dealers license in Florida?

February 18, 2010 by admin · 3 Comments
Filed under: Buying & Selling 
license
Rebecca asked:

I would like to be able to go to the local auctions and buy cars & suvs. I do not work as a car saleperson, and I have no desire to become one. How do I get a dealers license in the State of Florida?

Related Blogs

Related Blogs

Possibly Related Posts:


Tags: , ,

Comments

3 Responses to “How do I retain a automobile dealers license in Florida?”
  1. N says:
    February 21, 2010 at 4:24 pm

    Get garage liability insurance. Its mandatory and runs $2000-3000 a year.
    Lease or buy a car lot.
    Buy a bond and licenses.

    Presto, chango, you are ready to begin your education with real dollars. N

  2. JetDoc says:
    February 23, 2010 at 4:01 pm

    In Florida, motor vehicle dealers are licensed and regulated by the Division of Motor Vehicles under Section 320.27 Florida Statutes.

    The Law

    Florida law states that 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 is presumed to be a motor vehicle dealer and must have an appropriate license issued by the State.

    License Types

    There are six classes of licenses issued to motor vehicle dealers. They are:

    Independent Dealer (VI) — for a person dealing in used motor vehicles only. This license permits the licensee to transact business at retail or wholesale.

    Franchise Dealer (VF) — allows the licensee to sell new motor vehicles under an agreement with a manufacturer. This license also permits the licensee to sell used motor vehicles.

    Service Facility (SF) — is a dealership that performs only service as defined in s. 320.60(16), Florida Statutes, and will not or does not sell or lease motor vehicles.

    Wholesale Dealer (VW) — licensees may only buy from, sell to, and deal at wholesale with other licensed dealers.

    Auctions (VA) — are licensed to sell, on behalf of licensed dealers, through the bid process. Auctions may not sell retail.

    Salvage (SD) — allows the licensee to deal in salvage or wrecked vehicles. Any person who engages in the business of acquiring salvaged or wrecked motor vehicles for the purpose of reselling them and their parts must have a salvage dealer license. If the dealer rebuilds salvaged or wrecked vehicles, the title must be reassigned to an independent dealer for retail sale.

    Application

    Before going into the business of selling motor vehicles, a person must have a site approved by a Division of Motor Vehicles (DMV) Regional Office, for the dealership location. Once the site is approved by a DMV Compliance Examiner/Officer, submit a completed application, with required documentation and fees. License applications may be obtained from any Division of Motor Vehicles’ Regional Office. JetDoc

  3. mccoyblues says:
    February 24, 2010 at 5:09 am

    “Retain” means to keep. “Obtain” means to acquire or gain possession of.

    So, do you want to “KEEP” your license or do you want to “GET” a license?

    If you want to buy and sell cars in the state of Florida you need a valid automotive dealers license. You get that license from the Secretary of State Office.

    The Law

    Florida law states that 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 is presumed to be a motor vehicle dealer and must have an appropriate license issued by the State.

    License Types

    There are six classes of licenses issued to motor vehicle dealers. They are:

    Independent Dealer (VI) — for a person dealing in used motor vehicles only. This license permits the licensee to transact business at retail or wholesale.

    Franchise Dealer (VF) — allows the licensee to sell new motor vehicles under an agreement with a manufacturer. This license also permits the licensee to sell used motor vehicles.

    Service Facility (SF) — is a dealership that performs only service as defined in s. 320.60(16), Florida Statutes, and will not or does not sell or lease motor vehicles.

    Wholesale Dealer (VW) — licensees may only buy from, sell to, and deal at wholesale with other licensed dealers.

    Auctions (VA) — are licensed to sell, on behalf of licensed dealers, through the bid process. Auctions may not sell retail.

    Salvage (SD) — allows the licensee to deal in salvage or wrecked vehicles. Any person who engages in the business of acquiring salvaged or wrecked motor vehicles for the purpose of reselling them and their parts must have a salvage dealer license. If the dealer rebuilds salvaged or wrecked vehicles, the title must be reassigned to an independent dealer for retail sale.

    Follow the links below and make sure you read the Application Requirements and the Penalties for failing to get a license. mccoyblues

Speak Your Mind

Tell us what you're thinking...