How To Get A Car Dealer License Without A Lot In Kentucky

Restricted dealers must show 100000 in net worth and have garage liability insurance covering at least 1000000.

How to get a car dealer license without a lot in kentucky. If you want to know how to get your used car dealers license look no further. How to get a dealer license without a car lot 71 comments joe tucker on at 216 pm said. Dealer plate and temporary tag usage. The kentucky mvc sets the bond amount for auction dealers.

This is the only way to auto dealer license without a lot by aligning yourself with a dealership who does have one. How to get used car dealers license without a car lot. Once you sign in to our program or any other program for that matter you are effectively taking on a persona of another authorized dealer in that state who has the building etc. Located at 200 mero street 1st floor frankfort kentucky.

Study for your test with the motor vehicle dealer operator study guide materials form mvdb 34. The range is between 15000 and 100000. Your used car dealers license is a few clicks away. A salesperson of motor vehicles shall not engage in business in this state at any location without a license issued for that location as provided in krs 190010 to 190080.

All dealers must take the appropriate dealer qualification test. Ultimately the good news is that you dont have to have any kind of lot space to get a dealers license. To obtain your kentucky auto dealer license you will have to get a surety bond. In general you should be prepared to provide.

The amount of the kentucky auto dealer bond is determined by the commission. If you have a restrictedautomotive recycling dealer license only then you can obtain a commercial general liability coverage policy instead of a garage liability policy. My goal as a licensed car dealer. We do not handle matters of restitution.

The kentucky motor vehicle commission meets the second friday of each month at 900 am. If you want to make money buying and selling cars or simply buy wholesale cars for your friends family or yourself youve come to the right place. A completed the dealer operatorsalesperson qualification test application form mvdm 57. You can go through a process thats fairly similar to the licensing process for a dealer with a lot.

If you are only a restrictedautomotive recycling dealer a salespersons license is not required. The auto dealer license application processcan be fairly long and involved but with the right know how thousands do it every year. The cost of your bond depends on your financial strength. Proof of approval from your citycounty zoning authority.

A completed application for motor vehicle dealer license form tc 98 1. Issuing administrative citations to dealers who fail to comply with the laws governing motor vehicle sales. The commission may require auction dealers to get a bigger amount if deemed necessary. This application includes detailed instructions and explanations of all the requirements you need to fulfill to obtain a ky dealer license.