Auto Licensing Can Be Tricky
Every state has its own rules and regulations for granting a dealer license to people who apply for one. People see the great opportunity that an auto license will give them, and they are willing to jump through the hoops that their states set in front of them. The reason is that once they have received a car license, many doors open up for them that were closed because they didn’t have a dealer license.
To become a licensed wholesale dealer and sell used vehicles at an auto auction, people will have gone through a thorough process, and this process is different in each state. First, people will need to fill out an application. Some states will want to run a credit check. In the state of Colorado, for example, applicants must have a credit score of at least 600 in order to qualify to continue with the process.
Applicants may also be required to submit to a full background check in this state. Of particular interest will be any felony or misdemeanor convictions. All documents relating to these convictions will also need to be presented to the state. This requirement applies to all felonies and misdemeanors that have occurred within the last 10 years.
Someone who is considering becoming a wholesale dealer who purchases vehicles from a dealer auction will need to follow rules and regulations that will allow him to keep his license. An example comes from the place of business. The state of Colorado requires that the office from where the business will be run has electricity and restroom facilities.
The above description is just the beginning of all the requirements for obtaining an auto license. People will have much more paperwork to be concerned about, but those who begin the licensing process through our company, My Auto License, don’t have to worry about any of it. We take care of everything for you, and we currently work with people from Colorado.