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What is the 10 day rule for car dealerships in Arizona?

If you buy a car that is financed through the dealership, the dealer CAN cancel the contract, but only if it notifies you within 10 days of the date on the purchase contract. This type of financing is sometimes called a spot delivery. It is based on the language of the purchase contract.

What are the requirements to get a dealer license in Arizona?

Required Application Documents: Application. Filing Fee - $15. $25,000 Surety Bond. Transaction Privilege Tax License (copy) Authorization to Release Information - Statement of Personal History. Criminal background check.

Can I get a dealer license without a lot in Arizona?

To get a dealers license without a lot, you can apply for a wholesale license. Obtaining a wholesale license does not require a lot. However, a wholesale license only allows you to sell, buy, and trade cars among wholesale dealers and you cant sell cars to car end users.

How many cars can you sell AZ without a dealers license?

Per Arizona Revised Statute 28-4301, a person can only sell, offer to sell, exchange, or negotiate up to six vehicles in any 12 consecutive months without a used motor vehicle license. The sale of the seventh vehicle qualifies them as an unlicensed automobile dealer subject to criminal prosecution.

How much does it cost to get a dealers license in AZ?

Obtain Your Auto Dealer Bond $100,000 for New Motor Vehicle Dealers, Used Motor Vehicle Dealers, and Public Consignment Auction Dealers. $25,000 for Brokers, Wholesale Auto Auction Dealers, and Wholesale Motor Vehicle Dealers. $20,000 for Automotive Recyclers.

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How do I renew my dealer license in AZ?

Dealer License Renewal Simply login to your ServiceArizona Secure Access Gateway account and renew your dealer license.

What is the 10 day rule for car dealerships in Arizona?

If you buy a car that is financed through the dealership, the dealer CAN cancel the contract, but only if it notifies you within 10 days of the date on the purchase contract. This type of financing is sometimes called a spot delivery. It is based on the language of the purchase contract.

How many vehicles can you sell in a year in New Mexico?

Unless a person is a used motor vehicle dealer, a person shall not sell more than four motor vehicles registered to the person or to another person in a calendar year.

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What is the 10 day rule for car dealerships in Arizona?

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