Wholesalers – sell or trade vehicles only with other licensed dealers. Are NOT required to have an exhibition area for five vehicles. Must NOT sell vehicles to retail buyers. Vehicle wholesalers can buy, sell or trade used vehicles, including motor vehicles, motorcycles and travel trailers. Can buy, sell or exchange new or used trailers and/or semi-trailers. May use temporary labels and metal dealer identifiers. Must provide security. All applicants for a concessionaire license in the state must receive a General Identification Number (GDN), also known as an independent license. Merchants must pay a registration fee of $700 for each licence application and $90 for each merchant licence plate. We`re here to help you get a Texas Dealer License (GDN)! Delus Johnson-Lead InstructorAutomobile Dealer Training Association TX Dealer Resources THE DEAL Texas Dealer Forms Texas Dealer Videos Texas Dealer Manuals Texas webDEALER Texas eLICENSING Texas Dealer Blog Texas Dealer Links Licensed Dealer Class Topics NMVTIS TxDMV Texas Secretary of State Texas Attorney General Texas OCCC Contact Automobile Dealer Training Association3232 McKinney AvenueSuite 500Dallas, Texas 75204Email info@texasdealers.comTelephone 800-369-2467 Contactez-texasdealers.com © Dealer Videos About Us Forms License Contact Registration Terms Anyone who purchases a Texas Dealer License (GDN) must now attend a 6-hour Online Training.
In addition, most traders licensed after September 1, 2020 will have to take the course. This new Texas Dealer Training Act is now in effect. You can take your approved training at texasdealers.com all licensed dealers must receive at least one General Identification Number (GDN) issued by the Ministry of Transportation. Additional DRM is required in the following scenarios: Retail retailers must display a permanent sign with their business name at each location. The character must be visible and contain letters at least 6 inches high. Wholesalers located in an office building with other businesses can place a permanent sign with letters at least 2 inches high next to their entrance. Dealers who wish to buy, sell or trade used vehicles must complete a unique training program to be eligible for a licence. To view the Dealer Training Program FAQ, click here. A list of approved instructors can be found here. Most merchants must register their business name with the Texas Secretary of State, who must register all businesses operating in the state.
Registering your business with the Secretary of State will be covered in detail in your dealer training course. Some businesses only register with the county in which they are located. We will guide you step by step through the simple registration process. The first step is to find a suitable location for your business. To quickly obtain a Texas used car dealership license, you need to determine if local zoning regulations allow you to operate a used car dealership on the premises. The application must include documentary evidence that you hold a lease for the property or that you own it directly. Also, you should include photos, maps, and physical measurements of the location. Take the photos as described in the app. If you are filing as a corporation, limited liability company, limited partnership, or limited liability company, you must attach your State Department articles. If you file a declaration as a sole proprietor or partnership, you will need to attach documents from the county clerk`s office in the county where your Texas dealer is located. You can download your Texas Assumed Name Certificate by clicking here. Motor vehicle dealers must submit their completed and signed bond to the Texas Department of Transportation, Motor Vehicle Division online via the Texas eLICENSING system.
The bond form must include the following: All dealers must obtain an employer identification number from the Internal Revenue Service licenses available in the independent license category: The Governor of Texas signed Senate Bill 604, which requires most individuals applying for a Texas dealer license to complete a 6-hour online training course on the Texas Dealer License. Texas. Renewal of the Texas Dealer License is due every two years. Each GDN is $700.00 and the fee is non-refundable. The fee for each Texas merchant license plate is $90.00. Be sure to call 888-368-4689 before submitting your merchant license application to make sure you provide the correct amount. Incorrect fees delay the merchant license approval process. To start applying for your Texas dealer license, you must contact the Texas Department of Motor Vehicles (DMV). To submit the application, you must meet several licensing requirements and ensure that you have the appropriate documentation. The Texas Department of Motor Vehicles requires all dealers to have a commercial building before obtaining a Texas dealer license.
You must have a closed building where you do business. The Texas Department of Motor Vehicles does not allow a Texas dealer license to be obtained at a residential facility. Your office must have a desk, two chairs, a filing cabinet for dealer license files, and a computer with Internet access so that you can print the required documentation. The state of Texas also requires that you have a working phone that is not a cell phone or a cordless phone that extends from another building. You must have a landline to obtain a Texas dealer license. You must store all of your Texas dealer license records in your commercial building. You can find out exactly which dealer license records you need to keep by clicking here. Before the Texas Motor Vehicle Division issues your Texas dealer license, you must receive a 2-year dealer warranty of $50,000.
A separate dealer warranty is required for each GDN category. You can get a 2-year warranty from most Texas insurance agents or Texas bond companies. If you have a good credit score, your market guarantee should cost around $400 to $500 per two years. Your deposit must have been in effect for at least two years and must not expire during the term of your license. Your merchant warranty must match exactly the information Make sure your warranty provider gives you the power of attorney with the warranty. Most dealers must enter into a $50,000 warranty to obtain a Texas used motor vehicle dealership license. With a good loan, you should get a $50,000 market guarantee for $200 to $350 per year. If you have a few imperfections on your credit score, the price can be much higher. Franchised dealers, travel trailer dealers and supply/semi-trailer dealers are exempt from the warranty obligation.
We cover dealer obligations in detail in your dealer licensing training. A Texas retailer must be open at least four days a week for at least four consecutive hours a day. A wholesaler must be open at least two days a week for at least two consecutive hours a day. Travel trailer and trailer/semi-trailer dealers can operate seven days a week. If a person has a driver`s license and a trailer driver`s license, they can open on Saturdays and Sundays, but not sell motor vehicles on Saturdays and Sundays. Motor vehicles can only be sold on Saturday or Sunday, never on both days. We discuss availability in detail in your six-hour web reseller license class. You must also keep records of all vehicles purchased, leased and sold for at least 48 months. Simply copy any document that arrives at your desk. We`re going to go through a whole section about the records you should keep in your course. You must have a permanent business sign that prominently displays your merchant`s name. Your merchant`s name must be at least 6 inches high or higher.
If your dealer name is less than 6 inches, the Texas Department of Transportation will reject your application for a dealer license. Your permanent business sign must be attached to the building or mounted on a pole in the exhibition area and must be visible on the next lane. For more information about the Texas Dealer License, see texasdealers.com/index.html If you want to get your Texas Used Car Dealership License, you should know that as of March 2017, texas DMV replaced its paper licensing system with eLICENSING. You can now apply, renew or change your car dealership licence online. To receive updates via eLICENSING email, go to www.TxDMV.gov/subscribe and check the box next to Reseller and Manufacturer Subscription. .