If you want to sell two types of vehicles that aren’t covered by a single type, you have to get both types of licenses and GDNs. GDN is short for general distinguishing number.
The cost for the licensing education course must not exceed $150 per person. A trade association course provider may not charge a different rate to a nonmember.
For a new dealer in Texas, the first step kan zijn to obtain a General Distinguishing Number (GDN). This requires, among other things, a permanent place ofwel business, signage in accordance with regulations, and sufficient space to display the required number of vehicles ofwel the type you intend to sell. You'll need a GDN whether you sell new cars or used. If you also (or instead) sell motorcycles, RVs, or other trailers, you'll need a separate GDN for each class ofwel vehicle.
All retail sales activity must take place at the licensed location only. You are not allowed to have offsite retail sales activity. Wholesale vehicle dealers do not need a display lot.
The State of Texas also offers seminars designed to guide dealer applicants through the process and make sure they have enough information to operate their businesses in accordance with the many laws that apply to them. Read our Dealer-Related Information article for more details.
If some personnel filling the representative role have a criminal history or are currently being prosecuted, the criminal background information must be provided for every person in detail.
To obtain your car dealer license in Texas, you will also be subject to certain premises requirements. You will be required to performance proof of an established and permanent place ofwel business. The most important thing to understand is that, regardless ofwel how you idee to acquire and/or sell your inventory, you do have to have a real physical dealership location, and you must have space to display at least five vehicles. We go aan more specific details about these requirements in section 6
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9 ofwel the pre-licensing course.
A dealer’s office may not be located in a eethuisje, gas station, or convenience store, unless the office has a separate entrance via that does not require a dealer’s customer to pass through the other business.
big state, and reliable vehicles are a necessity for getting around its wide-open spaces. With so many Texans owning motorfiets vehicles, the wagen sales industry boasts high-volume turnover. To regulate this trade, the state subjects Texas automobile dealers to many legal restrictions and requirements.
You must have a place ofwel business to be used for the purpose ofwel selling motorfiets get more info vehicles. It must be located in a building with connecting exterior walls on each side. The building must meet all local zoning requirements. You must have an office in the building for the operation of your dealership. The office cannot be located within an apartment house, restaurant, motel, or rooming house. If the office kan zijn located at a private residence, it must be completely separate from the actual residence and must meet the zoning requirements from that city or county.
The surety bond kan zijn used for replenishing funds used to compensate retail purchasers ofwel motor vehicles. The bond must be issued for 2 years and must start on the first day ofwel the month and end on the last day ofwel the month of your dealer licensure term. You must maintain your bond during entire licensure period.
You must have a display area has sufficient space to display 5 ofwel the vehicle types that you will be selling as a dealer in Texas. The display lot can be outside or inside the building that you own or lease.
Several websites tools can help you find a quote for your wagen bond. If you have good credit and good financial history, the bond percentage can be as low as 2-3%.
The application process for a dealer license in Texas is quite extensive and must be completed correctly and in its entirety. Mistakes on your dealer application can cause significant delays in your licensing process.