How many cars can I sell in Georgia without a dealers license?
4 vehicles
DOL dealer licensing requirements DOL is in charge of vehicle dealer licensing. Their website states it’s illegal to do the following if you don’t have a vehicle dealer license: You cannot sell more than 4 vehicles registered to you in any 12-month period.
How much does it cost to get a dealers license in Georgia?
Licensing Fees The application fee for initial licensure is $170. You’ll have to pay the same amount for each additional location you’d like to operate. The renewal fee is $150 if you renew your license on or before March 31st of even-numbered years. The late renewal fee is $250.
Is Title jumping illegal in Georgia?
Title jumping is illegal in every state. Even if you purchase a vehicle and turn around the next day and sell it, you are legally required to transfer the title into your name. There are exceptions to this rule, though, such as when a title owner is deceased and the next of kin wishes to sell the vehicle.
How much is a dealer bond?
How much does an auto dealer surety bond cost?
| State | Bond Amount | Cost* (Annual Premium) |
|---|---|---|
| Alaska | $25,000 / $50,000 | $438 / $875 (two years) |
| Alabama | $25,000 | $250 |
| Arizona | $20,000 / $25,000 / $100,000 | $200 / $250 / $1,000 |
| California | $50,000 | $400 – $2,500* |
What do I need to get a dealers license in Georgia?
How to Get a Georgia Auto Dealer License
- Determine Which Type of Georgia Car Dealer License You Need.
- Attend a Pre-Licensing Seminar.
- Obtain a Permanent Business Location.
- Apply for a Sales Tax Number.
- Get Proof of Liability Insurance Coverage.
- Get Your Auto Dealer Bond.
- Submit Your Georgia Auto Dealer License Application.
What happens if you sell a car and they don’t put it in their name?
Title jumping is not only unethical, it is illegal. In many states, title jumping is a Class 6 felony and can result in fees and even jail time. It is taken very seriously and you should avoid the temptation to skip the DMV no matter how quickly you are going to sell a vehicle after buying it.
Can I sell a car I just bought?
There is no law against selling your car after you buy it. You could walk out of the dealership, walk right back in and sell it if you wanted. You’ll also have to pay off everything you owe on the loan, even if you sell the car for less than you borrowed.
How long is a dealer bond good for?
one-year
Although the typical motor vehicle dealer bond covers a one-year period, many sureties will offer bonds for two- or three-year terms as well.
How to become a car dealer in Georgia?
Both independent (“used”) AND franchise (“new”) car dealers must register with Georgia’s Business Registration Unit. The process involves completing applications, providing a variety of proofs (such as your business license, sales tax certificate, and established place of business), and paying applicable fees.
When does a car dealer license in Ga expire?
GA independent dealer licenses expire every 2 years on March 31 of even-numbered years. Submitting a dealer license application is a complex process —call the Professional Licensing Boards Division at (404) 424-9966 with any additional questions.
Who are motorcycle dealers in the state of Georgia?
Independent Dealer – any licensed person with an established place of business in Georgia engaged in the business of buying, selling, or exchanging used motor vehicles. Motorcycle Dealer – any person with an established place of business in Georgia engaged in the business of buying, selling, or exchanging new or used motorcycles.
Can a unlicensed auto dealer auction a car?
This is a back-door method that the state is using to further crack down on unlicensed auto dealers. What this means is that the dealer auction will NOT release the car to you because you have an out of state license – you need to show the auction a bill of lading from a trucking company that says the car is going to be transported out of state.