01. Edit your 86720 online
Type text, add images, blackout confidential details, add comments, highlights and more.
Florida Motor Vehicle Dealer License Renewal Application 2026
Here's how it works
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
Send form 86720 via email, link, or fax. You can also download it, export it or print it out.
Definition & Meaning
The Florida Motor Vehicle Dealer License Renewal Application is an essential document for individuals and businesses that wish to continue operating as motor vehicle dealers in Florida. This license renewal ensures that dealers comply with state regulations and maintain their eligibility to buy, sell, or trade motor vehicles within the state. It serves to verify that the dealer continues to meet all legal, financial, and operational requirements set by Florida's Department of Motor Vehicles (DMV).
Practical Examples
- Automotive Dealerships: Car dealers must renew their licenses to continue their operation legally.
- Motorcycle Dealers: Businesses selling motorcycles are also required to submit this renewal application to remain in business.
Steps to Complete the Florida Motor Vehicle Dealer License Renewal Application
Gather Required Information: Before starting the renewal process, make sure you have all necessary dealer information, such as dealer number, business name, and any other pertinent business details.
Complete the Application Form: Accurately fill out all requested information on the application form. This includes updating any changed information like address or ownership details.
Submit Additional Documentation: Include any additional documents that may be required, such as proof of insurance or bonding.
Pay the Renewal Fee: Ensure that the appropriate fees are paid in full at the time of application submission. Late or incomplete payments may delay the renewal process.
Submit the Application: Depending on the provided options, submit your completed application online, by mail, or in person at the designated DMV office.
Key Elements of the Florida Motor Vehicle Dealer License Renewal Application
Dealer Information: Includes all identifying information for the dealership, such as the dealer number, contact details, and business operations.
Ownership Details: If there have been changes in ownership, these must be updated on the renewal form to accurately reflect the current structure of the dealership.
Regulatory Compliance: Requires acknowledgment that the dealership remains in compliance with state regulations, including zoning requirements and financial solvency.
Detailed Components
- Bonding Information: Verification that any required bonds or insurances are current and meet state standards.
- Certification and Signature: A section where the applicant certifies the truthfulness of the information provided and signs the document.
Required Documents
Completing the Florida Motor Vehicle Dealer License Renewal Application often necessitates submitting additional documentation:
- Proof of Surety Bond or equivalent insurance, showing coverage is in place.
- Current Business Licenses allowing operation at the dealership location.
- Zoning Approval verifying that the business has the necessary local government clearances.
Eligibility Criteria
To be eligible for the renewal of the Florida Motor Vehicle Dealer License, applicants must meet specific criteria:
- Good Standing: The dealership must not have unresolved legal issues or prior violations impacting eligibility.
- Financial Solvency: Demonstrate the financial ability to sustain operations.
- Compliance with State Laws: Continued adherence to all relevant statutory and regulatory requirements.
Scenarios Affecting Eligibility
- Pending Legal Actions: Dealerships under investigation may temporarily be unable to renew their license.
- Changes in Ownership: This may require additional documentation like updated ownership agreements.
Application Process & Approval Time
The application process involves several steps, which, if completed promptly, can lead to quicker approval:
- Submission of Application and Documentation: Timeliness in application preparation and submission is critical.
- Processing Timeframe: Typically, processing may take several weeks, so early submission is advisable.
- Notifications: Official communicate through which any updates, requests for additional information, or approvals are made.
Legal Use of the Florida Motor Vehicle Dealer License Renewal Application
This form is legally mandated for any motor vehicle dealer operating in Florida wishing to renew their license. Completing the renewal application is a legal requirement that confirms the dealer's ongoing consent to abide by the regulations and laws governing vehicle sales.
Consequences of Non-Compliance
- Fines and Penalties: Dealers may face financial penalties for operating without a valid license due to failure to renew.
- Business Operation Interruptions: A lapse in licensing can result in interruptions, affecting sales and legal motor vehicle transactions.
Examples of Using the Florida Motor Vehicle Dealer License Renewal Application
Dealers might use this application under various scenarios:
- Regular Renewal Cycle: Commonly used when nearing the end of a license cycle.
- Post-Change Update: When ownership changes occur, a renewal integrates the updates seamlessly.
- Regulatory Confirmation: To demonstrate ongoing compliance, especially after significant regulatory changes in dealer laws.
State-Specific Rules for the Florida Motor Vehicle Dealer License Renewal Application
Florida law mandates specific conditions and requirements for renewal, which highlights the importance of understanding state-specific rules:
- Zoning Laws: May differ by city or county, affecting where business operations can occur.
- Financial Responsibility: State-specific bonding requirements must be met to protect consumers.
Adhering to state-specific guidelines ensures legality and preventive measures against potential operational risks and penalties.
Security and compliance
At DocHub, your data security is our priority. We follow HIPAA, SOC2, GDPR, and other standards, so you can work on your documents with confidence.
hsmv86720
Nov 8, 2021 Depending on your state, could need to submit an entire dealer application which will be considered as a new application. Acquiring a motorRead more
Actual costs will vary by vehicle, repair and dealer location. * Wear item. Engine. $4,600. A/C. $742. Ball Joints*. $501.Read more
A completed license renewal application form HSMV 86720. $50 annual renewal fee. Make check payable to DHSMV. $100 biennial license renewal fee if you areRead more