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I was thinking of buying cars, detailing them and reselling...as an add on to my detailing shop...Does anyone currently do this? if yes, Does your city require a license to sell more than a certain number of cars per year?
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Re: Reseller license
Here's a Link to the Iowa requirements.
A not so short summary:
1. A $50,000 security bond must be filed with the DOT
2. An office with a telephone answered and listed in your dealership name where you maintain regular business hours and the public can contact you. Regular business hours are a minimum of 32 hours, Monday through Friday where the office is staffed during these hours
3. A repair facility: Minimum space to repair and recondition one or more motor vehicles. The interior walls and ceiling shall separate the repair shop from any area occupied for salesroom, display area or offices by floor-to-ceiling walls and solid, full-length doors. Minimum space for repair of motor vehicles shall be an unobstructed rectangular area measuring no less than14 feet by 24 feet.
4. A display facility in a building, at the principal place of business or an outside area at the principal place of business with an all-weather surface which shall be reserved for the display of motor vehicles. Minimum space for display of vehicles shall be 18 feet by 30 feet, exclusive of parking area. (All weather surface does not include grass or exposed soil.)
5. Insurance of at least $100,000/$300,000 personal liability, $50,000 property damage
6. All used motor vehicle dealer license applicants are required to attend an 8 hour pre-licensing course prior to licensing.
If you are still interested, Good Luck!
Charles
The Rainmaker -
Re: Reseller license
ouch...thanks...gives me a general idea
Originally posted by CharlesW View PostHere's a Link to the Iowa requirements.
A not so short summary:
1. A $50,000 security bond must be filed with the DOT
2. An office with a telephone answered and listed in your dealership name where you maintain regular business hours and the public can contact you. Regular business hours are a minimum of 32 hours, Monday through Friday where the office is staffed during these hours
3. A repair facility: Minimum space to repair and recondition one or more motor vehicles. The interior walls and ceiling shall separate the repair shop from any area occupied for salesroom, display area or offices by floor-to-ceiling walls and solid, full-length doors. Minimum space for repair of motor vehicles shall be an unobstructed rectangular area measuring no less than14 feet by 24 feet.
4. A display facility in a building, at the principal place of business or an outside area at the principal place of business with an all-weather surface which shall be reserved for the display of motor vehicles. Minimum space for display of vehicles shall be 18 feet by 30 feet, exclusive of parking area. (All weather surface does not include grass or exposed soil.)
5. Insurance of at least $100,000/$300,000 personal liability, $50,000 property damage
6. All used motor vehicle dealer license applicants are required to attend an 8 hour pre-licensing course prior to licensing.
If you are still interested, Good Luck!Comment
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