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Q: Used Car Dealer License - Looking to obtain. ( Answered 5 out of 5 stars,   0 Comments )
Question  
Subject: Used Car Dealer License - Looking to obtain.
Category: Business and Money > Small Businesses
Asked by: willstein-ga
List Price: $2.01
Posted: 15 May 2003 11:47 PDT
Expires: 14 Jun 2003 11:47 PDT
Question ID: 204202
I am looking to obtain a used car dealer license.

I sell used car's now, but if I buy a car without a title, or it has a
bad title, I can only use the car for parts. I would be interested in
finding a way to take a car with a bad, or no title, and obtain one to
resell it.
The only way I know of is to have a Dealer License.
I live in the state of Maryland.

How do I obtain a Used Car Dealer License?
How much does it cost, how long does it take, how much work does it
involve?

Are there any other ways to getting a title on a "no title" car?

Thank you.
Answer  
Subject: Re: Used Car Dealer License - Looking to obtain.
Answered By: cynthia-ga on 15 May 2003 14:10 PDT
Rated:5 out of 5 stars
 
Hi willstein,

I found the information you requested. With all the right forms filled
out and after securing the bond, it should be very quick to obtain.
The MVA office was closed at the time of this posting, but the dollar
amount of the bond should be easily obtained by calling them in the
morning. I listed the page with all the contact phone numbers below.


Dealer Licensing Requirements
http://www.niada.com/Dealer%20Corner/del_lic.htm
Clicking on Maryland brings you to this:
..."Motor vehicle dealers must be licensed if he has sold more than 5
vehicles during a year. Dealer must have a location approved by an
authorized representative of the MVA and must complete an applica­tion
to be approved by the Business License & Consumer Services Division of
the MVA, and must submit a bond in the name of the dealership.
Laminated dealer photo license issued; annual renewal by mail is
required..."

Dealer Li­cense Fees:
$500.00 New and Used Dealer
$300.00 for boat trailer dealers and trailers 15 feet or less


Application for a Certificate of Title (form # VR-005) 
http://www.mva.state.md.us/OnlineServ/DOCS/VR_018.pdf
This can be used for titling a vehicle. This form must be filled out
and brought in person to a local MVA office. It must be presented by
the registered or legal owner. Call the MVA office with additional
questions regarding titling a vehicle purcased without a title.

I found this at the MVA web site main page by clicking 'Online
Services' and then 'Download Forms,' then 'Vehicle Registration
Forms.'


Here's the Maryland Motor Vehicle Administration Web Site:
http://www.mva.state.md.us/

Here's their Phone Numbers page:
http://www.mva.state.md.us/tele.htm


You might also find this site helpful:

DealerLicense.com
http://www.dealerlicense.com/
There's a book mentioned near the bottom that appeared very
informative.

Also is this page where you can enter a vin number and check a
vehicles history:
http://www.autocheck.com/autocheck/1_autocheck/jsp/home.jsp?&_414=706


If I can be of further assistance, please don't hesitate to ask for a
clarification before rating this answer...

--Cynthia

Search terms used at Google:
"Used Car Dealer" and Maryland
Maryland "car dealer" bond
Maryland "car dealer" and bond
Maryland "lost title" 
Maryland "lost title" vehicle
willstein-ga rated this answer:5 out of 5 stars
Thank you. You did a great job.

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