where can i take an auto dealers course in greenville nc

How do I become a car dealer in North Carolina?

Auto Dealer Licensing (AUT3001 & AUT3002) Motor Vehicle Dealer - Renewal & Initial License (Course Schedule) Auto Dealer Course Schedule Form (College Use Only) The schedule is not all-inclusive. Please contact a college near your area to find out if the Renewal or Initial course is being offered. Additional Dealer Resources.

Is there a course schedule for an auto dealer license renewal?

Apply for NC Dealer License. When putting together your dealer license application, keep the North Carolina Motor Vehicle Minimum Dealer License Requirements (Form VS-415) handy. This is a checklist provided by the License and Theft Bureau you can refer to for the application and business location requirements you need to fulfill.

How long is a North Carolina auto dealer license good for?

You will need to make an appointment with an agent with the North Carolina Licens e and Theft Bureau to do an NC Dealer License Inspection. Just call 919-715-7000 to make an appointment for your inspection. Be sure to do this before mailing in your dealer license application packet.

Do I need a license to sell cars in North Carolina?

Jan 03, 2020 · 4. Obtain the necessary North Carolina auto dealer bond . The North Carolina Auto Dealer Bond is one of the indispensable requirements that you have to satisfy. You need to submit it in the official form. The condition of the bond agreement is that licensed and bonded dealers will comply with Articles 12 and 15 of Chapter 20 of the NCGS.

How do I become a licensed car dealer in NC?

StepsAttend 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.Arrange & Obtain Inspection of Business Location.More items...

How long does it take to get a dealers license in NC?

twelve monthsApplicants for a “used motor vehicle” dealer's license must show proof that within the last twelve months they have completed a 12-hour licensing course approved by the Division if seeking an initial license, and a 6-hour course approved by the Division if seeking a renewal of license.Jun 21, 2021

How do you get a car auction license?

Pre-licensing requirementsComplete the required pre-license education: The FLHSMV requires that all vehicle auction dealer licensees in Florida take 16 hours of pre-license education. ... Get fingerprinted. ... Get a surety bond and liability insurance. ... Register your business so you can legally operate in Florida.More items...

How many cars can I sell a year in NC?

five vehiclesNorth Carolina residents are legally allowed to sell five vehicles per year without being licensed, as long as the vehicles are registered in your name. To sell any number of vehicles that aren't registered to you is a criminal felony.Jun 29, 2017

How much does a car auction license cost?

The bond value often depends on the types and number of vehicles sold, but $25,000-$50,000 is typical. You must fully pay a small percentage of that before a state considers your application complete. Those are just some of the common requirements.Oct 7, 2020

How do you make money flipping cars?

The higher the sale price is for a vehicle, the harder it will be to sell. Set the budget for your first car flip somewhere in the price range of $1,000 and $1,500. With that, you can try to make a profit of $500 to $1,000. Keeping your asking price around $2,000 immediately increases your chances of making the sale.Sep 15, 2021

How many cars can you sell in a year?

five vehiclesHow Many Vehicles Can I Sell in California in a Year? Within the state of California, you can only sell up to five vehicles within a year without a vehicle dealer's license.Jan 31, 2022

Do you need a license to sell cars?

To buy and sell cars for a profit on a regular basis without a dealer license is illegal in every state. What happens if I sell cars without a dealer license? Selling vehicles for a profit without a license is illegal in every state.Oct 12, 2016

What is a surety bond NC?

Surety Bonds are contracts guaranteeing that specific obligations will be fulfilled. The obligation may involve meeting a contractual commitment, paying a debt or performing certain duties. Under the terms of a bond, one party becomes answerable to a third party for the acts or non-performance of a second party.

How do I get a transporter plate in NC?

A person may obtain a transporter plate by filing an application with the Division and paying the required fee. An application must be on a form provided by the Division and contain the information required by the Division.

How many months do you need to sell a car in North Carolina?

You need a North Carolina car dealer license if you plan on doing any of the following: Buying, selling, or exchanging at least 5 motor vehicles for compensation over the course of 12 consecutive months on your own behalf, regardless of who owns the vehicles. Arranging, offering, and/or attempting to sell or negotiate the sale, purchase, ...

How high should a business sign be?

Have reasonable hours of operation when the public can contact you. Display a sign with your business name in block letters at least 3 inches high in colors that contrast with the sign’s background. Follow all state, county, and municipal zoning regulations.

How to get a dealer license in North Carolina?

The first step in obtaining a North Carolina Dealer License is to request a North Carolina Dealer License Application from the North Carolina Department of Transportation. Just call 919-715-7000 to request your dealer application packet.

How high should a business sign be on a NC dealership?

Your dealership name must be located on the sigh and be at least 3 inches high in block letters. You business sign must be visible from the nearest roadway in order for you to obtain your NC Dealer license.

How to get a car dealer license in NC?

North Carolina car dealer licenses are issued by the Division of Motor Vehicles (DMV) at the NCDOT. Here are the requirements that you have to fulfill: 1 Information about owners and officers 2 Business entity information 3 Business location requirements (size, office, sign that displays the trade name of the dealership in block letters that are at least 3 inches high)#N#Established salesroom that has at least 96 square feet of floor space (retail dealers)#N#Established office to keep books, records, and files, that has at least 96 square feet of floor space (NC wholesale dealer license requirements) 4 First page of the corporate charter if the business is incorporated with the Secretary of State 5 Proof of passing a 12-hour licensing course approved by the DMV (used car dealers) 6 Comprehensive liability insurance company policy that covers dealer plates 7 $50,000 auto dealer bond for your first business location or salesroom, and an additional $25,000 for every extra location or salesroom 8 Inspection of your dealership location to be conducted by the NC License and Theft Bureau prior to submitting your application

How long is a dealer license valid in North Carolina?

Your North Carolina auto dealer license is valid for one year from the issuing date. If you want to continue your operations in the state, you have to renew it before it expires. The renewal process entails continuing your surety bond, as well as meeting all other licensing requirements.

How many hours do I need to become an insurance agent in NC?

Each of the four major license types (Property, Casualty, Life, Accident/Health) requires 20 hours ...

What is IIANC Scholarship?

The IIANC Education Foundation will award scholarships to qualified and approved individuals interested in beginning a career in the field of insurance. The scholarship will cover the tuition costs to attend Property and Casualty or Life and Health Pre‐Licensing course offered by IIANC in Cary, NC during the upcoming year.

Do I Need a Car Lot to Get a Dealer's License?

There are many aspects to the auto business beyond the large, fancy lots. For starters, there are numerous independent dealers who run smaller lots, but there are also many legitimate, licensed sellers who don't have lots at all. If you're just starting out in the auto trading business, this might be an option you're interested in.

Do You Need a Dealer's License?

First, maybe you're wondering if you really need a dealer's license to sell a few cars on the side. If you're just selling your own personal vehicle, a dealer's license isn't necessary. However, most states allow a private citizen to sell only two or three vehicles per year without a license.

Steps to Get Your License

Ultimately, the good news is that you don't have to have any kind of lot space to get a dealer's license. You can go through a process that's fairly similar to the licensing process for a dealer with a lot. The auto dealer license application process can be fairly long and involved, but with the right know-how, thousands do it every year.

Getting a Surety Bond

Whether you have a lot or not, getting a surety bond is essential for becoming a licensed dealer. If you're not sure exactly what a surety bond is, don't worry—many people aren't quite sure at first. Check out our page on What Is a Surety Bond? to find out the basics.