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Notes: (1) An auto wholesale dealer (new or used) is allowed in the A and R zone as home occupation business provided conditions in the Los Angeles Municipal Code section 12.05.
The used car market is a lot stronger with profit margins for dealers around 12 to 15 per cent.
Your current license will expire on April 30, 2020. Additional copies of form HSMV 86720, \u201cRenewal Application for Motor Vehicle, Mobile Home, or Recreational Vehicle Dealers\u201d can be located at the Department's website at https://www.flhsmv.gov/pdf/forms/86720.pdf.
Apply for a Florida Motor Vehicle Dealer license Step 1: Determine Which Type of License You Need. ... Step 2: Take a Pre-Licensing Dealer Training Course. ... Step 3: Pick a Location and Get It Approved. ... Step 4: Obtain the Appropriate Insurance Policy. ... Step 5: Register and Establish Your Business.
Steps Attend FL Dealer Training Pre-License Class. Determine the Business Structure for Dealership. Obtain a Federal Employee Identification Number. Find Established Location and Obtain Approval from your local DHSMV Office. Obtain a FL Sales Tax Number. Obtain Garage Liability Insurance. Obtain a $25,000 Surety Bond.
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Open a bank account in the name of your business. Purchase a California auto dealer surety bond in the amount of $50,000. Pass a live scan fingerprint check. Complete a Used Dealer Application and submit it to the nearest DMV Occupational licensing office.
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.
Required Fees License TypeOriginal License FeeAnnual Renewal Fee - Primary Location*Independent Motor Vehicle Dealer (VI)$300$75Wholesale Motor Vehicle Dealer (VW)$300$75Motor Vehicle Auction (VA)$300$75Salvage Motor Vehicle Dealer (SD)$300$757 more rows
Location, location, location Average yearly sales, costs associated with opening, population, average payroll costs, and weekly employee salaries in the area, are important factors to remember.
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.

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