Michigan Vehicle Dealer Closeout Statement - cloudfront 2025

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Anyone authorized by the dealer may drive the vehicle with a dealer plate. Insurance will follow the dealer plate if a dealership employee is operating the vehicle while involved in an accident.
How much does a dealer license cost in Michigan? Michigan auto dealers must pay a $75 application fee to receive a license. Dealers also need to get a surety bond which can cost as low as $100.
(12) A vehicle owned by a dealer and bearing the dealers plate may be driven on a street or highway for demonstration purposes by a prospective buyer or lessee for a period of 72 hours.
Dealer plates may be used on dealer-owned vehicles driven by employees, servants, or agents of the dealership for any purpose, provided that the vehicle is not a service vehicle. The Michigan Vehicle Code does not define service vehicle but a common understanding would include courtesy cars, loaners, daily rental,
Getting Your Michigan Dealer License Identify which type of license you need. Register your business. Establish a location for the business. Complete a training program to sell used or new vehicles. Obtain a surety bond and insurance. Gather your documents and submit the application.

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With a transporter plate, a vehicle can operate on public roads for transportation purposes, such as moving between a manufacturer and a dealership. Dealer plates or tags are used by vehicle dealers for test drives and demonstrations.

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