How do you get a dealers license in Florida without a lot?
How to Get an Auto Dealer’s License With No Storage Lot
- Contact the Zoning Department.
- Contact the Secretary of State’s Office.
- Contact the Department of Motor Vehicles.
- Complete the Auto Dealer Application.
- Apply for a Surety Bond.
- Complete a Dealership Training Course.
- Register the Business Name.
- Apply for a Sales Tax Number.
How do I get a wholesale dealers license in Florida?
Business Operation License Once you’ve secured the surety bond, you can apply for a Florida wholesale dealer license in any of the Division’s regional offices, which are most convenient for you. Submit a completed application together with a fee of $300 for each main location.
Do you need a dealer license to buy cars at auction in Florida?
What kind of license do you need to buy cars at a wholesale auction? To buy cars at an auction in Florida, you don’t need a specific license type, but you do need to be a licensed motor vehicle dealer. Basically, you can choose from any of the available license types to qualify for car auction attendance.
How many cars can you sell in a year without a dealers license in Florida?
This is generally referred to as “curbstoning.” Additionally, Florida law presumes 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 to be a motor vehicle dealer and must have an appropriate license issued by …
Is flipping cars illegal in Florida?
Our investigation found that flipping a car for profit is not illegal. We have learned, in most cases, it can be done legitimately. The new owner must first register the car with the Department of Motor Vehicles in their name and pay the sales tax on the actual sale price.
How do you get a dealers license without a lot?
To become a licensed dealer without a lot, obtain a wholesale-only dealer license from the list of the licenses in your state. An auto dealership is not as complicated as it seems and all you need is the dealer license and a well-organized business plan to sell beyond the regulated number of vehicles legally.
How much is a dealers license in Florida?
|License Type||Original License Fee||Annual Renewal Fee – Primary Location*|
|Independent Motor Vehicle Dealer (VI)||$300||$75|
|Wholesale Motor Vehicle Dealer (VW)||$300||$75|
|Motor Vehicle Auction (VA)||$300||$75|
|Salvage Motor Vehicle Dealer (SD)||$300||$75|
Can you make a living flipping cars?
Some people flip or restore just a few classic or exotic cars per year, but earn up to $30,000 per vehicle in profit alone. It doesn’t take long to earn a big income with those types of numbers.
What is Curbstoning?
Curbstoning is when a dealer poses as a private seller to sell a car. By curbstoning, an unethical dealer can avoid having to comply with the regulations that apply to dealers. To a buyer, this could mean buying a car that has a salvaged title (a car that’s been declared a total loss by an insurance company).