How To Apply For A Wholesale Dealer Auctions License

There are several types of permits for buying, trading or selling motor vehicles. For this reason, the type of car business you intend to operate will determine the type of permit that you will acquire. Wholesale dealer auctions license allows a person to sell motor vehicles at you own place of business or selling them to other retailers at a price that is higher than the buying price.

The vehicles which you will sell belong to businessmen who usually buy and sell them. Therefore, you can also be in a position to buy the vehicles for your personal use so long as you follow the steps. The good thing about acquiring the permit is that you shall have the opportunity to sell the cars and you will get a commission in return.

Usually, there is a long list of requirements that the trader must meet before they apply for the warrant. One of the requirements is a GDN that you have to apply for. Also, you must have a place in your name from which you can run your sales. The place should, however, be large enough to hold all the vehicles on sale as well as displaying them. More so, a signage showing that you have met the requirements is necessary.

Also, you will be needed to attend a very short pre-licensing training so that you can be well equipped to apply for the permit. Additionally, you will go through a background check, show proof which you applied for insurance and registered your business. Once you have done all these, you can now make your application.

It does not matter whether the vehicles you want to sell trade are used or new because either way, they will still need a GDN. If the vehicles you are selling are of different categories, it is a rule which you obtain individual GDNs for every vehicle. The application forms can be downloaded from the internet and filled.

Alternatively, you can decide to physically visit the DMV offices and ask for the forms which you will fill at your own time. It is important to note that a large-scale motor vehicle retailer cannot be allowed to sell cars to clients directly until he obtains a bond that will act as the protection of the clients. In case they are dissatisfied with your services, they can file a case against your bond.

When filling the application form, it is essential which you be keen not to leave out any necessary information. You are also advised to sign in all the places that your signature is required and counter-check the form for any mistakes. You can then attach all other certificates or paperwork and submit your application to the department of motor vehicles in your area.

The moment your application is received, scanning is done, and a work number is assigned to it. You will then be sent the number and other paperwork showing that it has been received and being worked on. Entitlement specialists then do the reviewing process, and if they feel that everything is in order, the certificated is printed and sent to you.