Franchised or independent dealers who wish to sell different types of vehicles (i.e.
Dealers who own dealerships in different cities.Franchised dealers must obtain a separate franchise license for each location that new motor vehicle sales are made.Franchised dealers need a franchise license in addition to the GDN.The following are some examples that a dealer would need to obtain more than one license/GDN: Questions arise as to when a dealer needs an additional GDN. Get your GDN through the eLICENSING portal. May use temporary tags and metal dealer license plates. May buy, sell, or exchange new or used trailers and/or semitrailers. Wholesale vehicle dealers may buy, sell, or exchange used vehicles, including motor vehicles, motorcycles, and travel trailers. May NOT sell vehicles to retail purchasers. Are NOT required to have a five-vehicle display area. Wholesale Dealers – sell or exchange vehicles only with other licensed dealers. May use dealer’s temporary tags, buyer’s temporary tags, and metal dealer license plates on motor vehicles only. Are required to have a five-vehicle display area. Independent Motor Vehicle – May buy, sell, or exchange any type of used cars, trucks, motor homes, and neighborhood vehicles. These are the two that you would most likely choose from: If you wish to have multiple types, you may submit multiple applications. When applying for license, you must select one of the independent license types on the application. GDN licenses are divided into several categories. To receive email updates regarding eLICENSING, visit check the box beside the Dealers and Manufacturers subscription topic.Ī GDN is the basic dealer license that allows a person to buy, sell or exchange the type of used vehicle for which the GDN is issued. You can now apply, renew, or amend your motor vehicle dealer license online. If you want your Texas Used Car Dealer License, you must know that starting March 2017, the Texas DMV replaced its paper-based licensing system with eLICENSING. Go here –>If you want quick Auction Access to Manheim/Adesa/iaa, CarMax Dealer Auction So if you want to make money in the car business buying and selling cars in Texas, this is how you do it. So lets go further into what you need to understand as it relates to your Texas Used Car Dealer License Requirements.Ī person may sell up to four vehicles per calendar year without a license, provided they are all titled and registered in his name. If you sell one or more vehicles not owned, titled and registered in your name, you need one. If you who sells 5 or more vehicles in a calendar year you need one. The bond should cover a period of two years that matches the dates of the license duration.ĭo you need a license? Here is a quick way to tell. For most types of licenses, you need to submit a surety bond in the amount of $25,000.If your company is a partnership, corporation, limited liability company or limited partnership, you have to provide your Employer Identification Number (EIN), obtained from the Internal Revenue Service, on your application form.Certificate of Incorporation, Organization or Partnerships to prove the legality of the entity applying for a license.It should have space for at least five vehicles of the type that you want to deal with.
Proof of an established and permanent business location (proof of lease or ownership), that is compliant with local zoning and equipped with a permanent business sign.The usual documents that are required along with your Texas Used Car Dealer License application are: Shoot the photographs as instructed in the application. Additionally, you must include photographs, maps and physical measurements of the site. The application must include documentary proof that you hold a lease on the property or own it outright. To quickly get you Texas Used Car Dealer License, you must determine whether local zoning regulations allow you to operate a used car dealership on the site. įirst step is find a suitable location for your business. No paper! Verify that you are giving your correct phone number and address, so that TxDMV can contact you. If you want to get your used car dealer license in Texas make sure that your application will be accepted the first time you submit it, be extra careful when filling in the form itself, and when preparing the documents that accompany it.
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5 Easy Tips on How to Get a Dealers License in Texas
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