Auto dealer license Texas
Auto dealer license Texas? Well you can do it the easy way through us just by filling out the form to your right….or….you can take these steps on your own.
Any person who is engaged in the business of buying, selling or exchanging motor vehicles, motorcycles, travel trailers or trailers/semi-trailers is required to obtain a dealer license. The Motor Vehicle Division assigns a current valid, general distinguishing number for locations in each city municipality. The main exception is for a person who sells fewer than 5 vehicles in a calendar year, provided the vehicles are titled and registered in such person’s name.
New Franchise Dealer License Fees: $175.00 franchise fee plus $500.00 for each required general distinguishing number (motor vehicle, motor cycle, travel trailer, trailer/semi-trailer, wholesale and wholesale auction). Annual renewal fee is determined by number of cars sold in a calendar year ($175.00 – $750.00 for license plus $200.00 for each required general distinguishing number).
Used Car Dealer License Fee: $500.00
Used Car Dealer Renewal Fee: $200.00 per year.
A $25,000 surety is required for motor vehicle, motorcycle, wholesale, and wholesale auction dealers for the licensed period unless the dealer is a franchised dealer or trailer dealer.