How do I become a used car dealer in Maryland?

Maryland Auto Dealer License Guide

  1. Obtain a Permanent Business Location.
  2. Compile the Required Documents.
  3. Obtain a Criminal Background Check.
  4. Obtain a Trader’s License.
  5. Obtain Proof of Liability Insurance.
  6. Obtain Your Auto Dealer Bond.
  7. Arrange an Appointment for Your Site Inspection.
  8. Submit Your Dealer License Application.

How many cars can you sell in Maryland before you need a dealers Licence?

Anyone looking to sell more than 5 vehicles in a 12 month period is required to obtain an auto dealer license under Maryland’s state legislation. The process includes a number of requirements to comply with and getting a Maryland Auto Dealer bond is an essential part of them.

Do you need a license to sell cars in Maryland?

Anyone in the business of buying or selling vehicles in Maryland must be licensed. A person selling 3 or more vehicles within a 12-month period may be considered an unlicensed dealer.

How much does a dealer license cost in Maryland?

1-250 vehicles: $15,000 bond. 251-500 vehicles: $25,000 bond. 501-1,000 vehicles: $35,000 bond. 1,001-2,500 vehicles: $50,000 bond.

How do I become a tag and title agent in Maryland?

Obtaining the License

  1. Complete the application for Title Service Agent Licensing.
  2. In addition, an applicant will need to obtain the following: – Zoning approval form. – Letter/form that verifies applicant is registered to do business in Maryland. – Completed site inspection. – Business licensing orientation request.

How many cars can you sell in a year without a dealers license WA?

four vehicles
Generally, you are allowed to sell no more than four vehicles per year without having an auto dealers license under Department of Licensing (DOL) guidelines. However, you are not allowed to title these vehicles in your name without paying either sales tax or use tax.

How much do tags cost in MD?

Vehicle Registration Fees Passenger/multi-use vehicles 3,700 lbs. or less: $135. Passenger/multi-use vehicles over 3,700 lbs.: $187. Historic vehicles: $51. Street rod vehicles: $50.

What is a traders license in MD?

A trader’s license is required for buying and re-selling goods. And you, or the professionals you hire, may need individual occupational and professional licenses. It is important to check at the state and local level to determine what licenses and permits you may need.