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What do you need to be a dealer in Ohio?

The State of Ohio would like you to have a net worth of at least $75,000 before you apply for an Ohio dealer license. You are also required to obtain a $25,000 dealer surety bond. A $25,000 dealer surety bond is based on your credit score and if you have good credit your bond should cost about $200 to $250 a year.

How do I become a dealer in Ohio?

Getting Your Ohio Dealer License Which type of license will you need? Take the dealer educational course. Register your business. Get a business location. Schedule an inspection of the business location. Fingerprinting. Get your documents together. Its time to submit the application and pay the fees.

How do you get a dealers license in Ohio without a lot?

It is not actually possible to operate a dealership in the State of Ohio without a display lot. If you would like to start the process of obtaining an Ohio used motor vehicle dealer license, please view our Class Schedule page to take the 6 hour dealer training course online, or in a classroom near you.

How many cars can you sell before you need a dealers license Ohio?

You can do that online via the Ohio Department of Public Safety Identity Manager Platform. To get more information about the license expiry and renewal process, contact the BMV at (614) 752-7636. To sell more than five cars for profit within a year in Ohio, you must obtain an auto dealership license from the BMV.

How many cars can you sell in Ohio?

Most notably, you have to obtain an Ohio dealer license. The licensure is required for anyone selling more than 5 vehicles within a period of 12 months. In order to get licensed, you have to meet the state requirements for dealers. They ensure that you are equipped to handle the duties of a car salesperson.