How do you get a dealer's license in Texas for auto auctions?
There is a place in Houston, TX that has cheap cars and bikes with very little body damage on them. Catch is, you have to have a dealers license to get these things. Does anybody know how i have to go about getting one?
Car Auction Blogs
Tags: bikes, body damage, cheap cars, houston tx
May 19th, 2010 at 4:49 am
First you need garage liability insurance, which is mandatory in most every state. That runs $2500-3500 per year depending on your age & driving record.
A retailer requires a place of business, a legit car lot.
A wholesaler doesn’t need that but can only buy & sell to dealers.
In other words, its probably not worth it to save $1500 on your next car.
May 19th, 2010 at 4:49 am
Try here:
http://www.txdot.gov/search/default.htm
May 19th, 2010 at 4:49 am
What "N" said…
You need a physical address and lot, a land line running to said lot, someone to verify this operation is legit, and several weeks wait for your license.
I’m sure there’s more, but I haven’t kept up with my dealership owner friend as of late and I don’t believe he’s selling cars anymore as it is…C4C probably ate up a lot of his buys now.