How To Get Used Care Registered In My Name Nc

Are you thinking about opening a car dealership in North Carolina? The country of North Carolina requires you to acquire a Due north Carolina Dealer License before you lot tin can starting time buying and selling cars.

Wondering how much this is going to cost? 

North Carolina residents are legally immune to sell five vehicles per year without being licensed, as long as the vehicles are registered in your name. To sell any number of vehicles that aren't registered to y'all is a criminal felony.

How to get a North Carolina Car Dealer License

Step #1: Requirements and Application

Read the N Carolina Dealer License requirements.

And so, complete a North Carolina Dealer License application which can exist received by contacting North Carolina License and Theft Bureau at 919-715-7000 or by downloading online.

Step #ii: Dealership Inspection

Brand an engagement to have your lot inspected by an agent at the North Carolina License and Theft Bureau.

• Location requirements for retail: Have an established salesroom containing at least 96 square feet of space in a permanent, enclosed building that is dissever from a residence, living quarters, or other business. Must have a carve up entrance.
• Location requirements for wholesale: Have an established office which contains at least 96 foursquare anxiety of floor space in a permanent, enclosed edifice which is attainable to Division personnel and has space for books, records, and files.

Step #3: Purchase N Carolina Dealer Bond

A N Carolina Motor Vehicle Dealer Bond is a blazon of surety bail that promises y'all will follow rules and regulations. If someone feels y'all are not following the police, they can make a claim against your bond.

This is dissever from the garage liability insurance that y'all need to purchase.

The NC Motor Vehicle Dealer Bond amount is set at $50,000.

You practise not need to pay the full bond amount. You lot merely need to pay a pocket-sized, one-time payment (not monthly).

The payment will be anywhere from 1-15% ($500 - $7,500) based on your personal credit.

The all-time mode to meet what you'd pay for a NC Dealer Bond is to become a free quote:

Pace #iv: Complete Licensing Form (used dealers merely)

This step is only required if you wish to sell used vehicles.

You must pass a licensing course before you lot tin can get a North Carolina dealer license. Course must exist passed inside the 12 months before receiving your license.

Here is a list of Canonical Dealer Education Courses.

Step #5: Pay fees

• Dealer license certificate: $90
• Salesperson document: $20
• Dealer registration plate: $36 for the showtime 5 plates; $eighteen for each additional plate
• Dealer transporter plates: $eighteen
• Temporary markers: $25 per gear up of 25 markers

Step #half-dozen: Submit Awarding

Mail your completed application, with supporting certificates, forms, and fees, to the address beneath:

North Carolina Department of Transportation

Division of Motor Vehicles

License and Theft Bureau Dealer Unit
3129 Mail Service Heart
Raleigh, NC 27699-3129

Questions?

Contact the North Carolina License and Theft Bureau by visiting their Contact Folio.

Related Posts:

How To Get An Car Dealer Bond

How Much Does An Machine Dealer Bail Cost?

How To Get a Used Motor Vehicle Dealer and Bond

Source: https://blog.suretysolutions.com/suretynews/how-to-get-a-car-dealers-license-in-nc

Posted by: mcintyremuctancer.blogspot.com

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