Dealer License
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Posted On :
Sep-30-2010
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Article Word Count :
536
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Dealer license is necessary for people that want to have sold more than 12 cars per year. The auto dealer license must be issued by the respective department in your state.
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If you want to sell car, it is necessary to apply for the dealer license. The dealer license s issued b the motor vehicles department. The motor vehicles department in all states have their own official websites. You must visit the website to download the application form and fill in all the fields. Alternatively, you can get the application form the office of the motor vehicles department. Some of the information which you are required to fill in the form include name of the business, telephone number, fax number, legal business address, mailing address, registered retail merchant's certificate (RRMC) number, tax identification number, insurance carrier, policy number.
There are certain documentations that you need to provide when submitting the form. You need to include the certificate of liability insurance with the form. You must provide a copy of the franchise agreement if you want to apply for the dealer license. Documentation must be provided if you represent a company, for example corporation, limited liability Company (LLC) and limited liability partnership (LLP). In addition, you must include a copy of the Indiana Vehicle Merchandising Certificate/Bond.
You need to have an established business in Indiana before applying for the dealer license. The insurance bond must worth at least twenty five thousand dollars. The proof of garage and business insurance must be provided. You must provide a photograph for the lot. The photograph of the property's exterior must also be provided. After you have completed the form, you must mail it to the motor vehicles department.
Every applicant must undergo the background check. The background check is performed by an officer from the department. During the background check, the staff will check your criminal record. He will ask you to provide your fingerprint. The fingerprint is required for identification purposes. If you had a criminal record, you application for the dealer license will be denied. After your form is received by the department, you need to set a date for the appointment with the Secretary State in the dealer division. The arranged meeting should be held at the proposed business site. It is important that the meeting is held at the proposed business site. In this way, the officer knows whether your site meet with the requirement of the department. The lot should have enough space to display a car. The car must not be parked too close together. There must be a distance between each car. If the officer denies your application, you can make correction and reapply for the license.
If you are not sure how the application works, it is best that you hire a dealer licensing company. The dealer licensing company perform all the paperwork and prepare the business facility for you. It can take up to 5 weeks for the license to be issued to you. After the license is issued, you can start to bid the online auction and sell cars. Most companies offer the retail programs for the customers. You have to pay a monthly fee to cover the transaction cost. The monthly transaction fee is cheaper compare to the per transaction cost. The company will provide tutorial on how to access the online auctions.
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Article Source :
http://www.articleseen.com/Article_Dealer License_35517.aspx
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Author Resource :
Dealer Auction Access offers help for people that want to get a dealer license. Theauto dealer license that is obtained through Dealer Auction Access is owned and managed by you.
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Keywords :
auction license, auto auction license, auto dealer licence, auto dealer license, automobile dealer auctions, automobile dealers li,
Category :
Travel and Leisure
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Cars
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