Dealer License Nc 2003-2025 Form
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People also ask
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How to get dealer tags in NC?
A person eligible for a dealer license plate may obtain one by filing an application with the Division and paying the required fee. An application must be filed on a form provided by the Division. The required fee is the amount set by G.S. 20‑87(7). (b) Number of Plates.
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How much does it cost to become a car dealer in NC?
How much does it cost to get your dealer's license? The NC Dealer License itself costs $115.50, but based on the requirements above there are many more additional expenses: Obtaining a bond, registering your business, taking the PLE class, signing a lease on an office, etc.
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How do I get a dealer license in NC without a lot?
To get a dealer's 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 can't sell cars to car end users.
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How many cars can I sell in NC without a dealer license?
You need to get a North Carolina auto dealer license if, in a 12-month period you buy, sell (or attempt to sell), display, or exchange at least 5 motor vehicles in your name. Additionally, you may not sell any cars that aren't registered under your name without a dealer license.
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Is there a limit to how many vehicles you can sell?
Having said that, there is no strict law regarding the number of cars you can sell as a private seller before being considered as operating as a dealership. The general rule has been if you sell 5 or more cars per year as a private seller, the DMV wants you to have a dealer license.
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What happens if you sell more than 5 cars a year in NC?
The NC Dealer License itself costs $115.50. However, there are other expenses based on the requirements above: Obtaining a bond, registering your business, taking the PLE class, signing a lease on an office, etc. A dealer license is required if you take part in selling more than 5 motor vehicles in a 12 month period.
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How do I get my dealer license in NC?
STEPS Attend a Pre-Licensing Course (Used Motor Vehicle Dealers Only) Obtain a Permanent Business Location. Obtain Proof of Liability Insurance. Obtain Your Auto Dealer Surety Bond & POA. Compliance with County Register of Deeds for Assumed Names & Traders License. File Articles of Authorization for LLC, LLP, Inc., Etc.
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How many vehicles can you sell in NC without a dealer's license?
This is generally possible, but laws and regulations vary from state to state. For example, you'll need an NC car dealership license if you sell at least five motor vehicles in a 12-month period in North Carolina.
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