How do I get a dealers license in Arkansas?
How do I get a dealers license in Arkansas?
Arkansas Auto Dealer License Guide
- Contact Local Zoning Authorities.
- Obtain Your Auto Dealer Bond.
- Obtain Proof of Liability Insurance.
- Take Photos of Your Business Site and Business Sign.
- Compile the Required Documents.
- Submit Your Dealer License Application.
- Pass Your Business Location Inspection.
How much does it cost to get a dealers license in Arkansas?
Applicants for a new dealer license must pay a $100 license fee, and a $25 fee for every branch location, as well as a $15 fee for every salesperson. Used and wholesale applicants must pay a $250 license fee for their main location, and an additional $125 fee for every branch location.
How many cars can you sell in Arkansas without a dealers license?
Information Section Any person who, for a commission or with the intent to make a profit or gain of money, sells or attempts to sell five (5) or more used motor vehicles registered in that person’s name in any one calendar year shall be assumed a “Used Motor Vehicle Dealer”.
How do I get a wholesale dealers license in Arkansas?
In order to get your dealer license you must do the following:
- Register your business with the AR Secretary of State.
- Your Dealership must pass an inspection.
- Have a location for your dealer license business which is permanently enclosed and is owned or leased by you.
- Have a working telephone and listing.
Can a felon get a car dealer license in Arkansas?
If a felon has been convicted of a non-violent, non-motor vehicle dealer crime, this most likely will not affect his or her ability to get approved for a dealer license.
Can you return a used car in Arkansas?
Is there a “cooling off” period on vehicle purchases in the State of Arkansas? Dealers are not required by law to give car buyers a three-day right to cancel. The right to return the car in a few days for a refund exists only if financing is not approved. However, some dealers may, by contract, offer a right to cancel.
How much is auction license in Arkansas?
Answer: The fee is one-hundred ($100.00) dollars for auctioneer and auction houses. Reciprocal fees are based upon the amount charged by reciprocal state or the State of Arkansas whichever fee is the greater.
Is there money in flipping cars?
Some people flip or restore just a few classic or exotic cars per year, but earn up to $30,000 per vehicle in profit alone. It doesn’t take long to earn a big income with those types of numbers.
Do I keep my license plate when I sell my car in Arkansas?
The seller must remove their license plates before handing the vehicle over to the buyer. If you do not do so, you may be liable for any violations after the buyer has taken possession of the vehicle. After the sale is complete, you have the option of transferring your plates to another vehicle you own.
How do you obtain gun dealers license in Arkansas?
Apply for a License First review and background check. Once the application fee is processed, the Federal Firearms Licensing Center (FFLC) will enter your application information into its database and commence a full review Interview and final review. Forms
What is Class D license in Arkansas?
Class D license. A Class D license is issued by the state of Arkansas for personal use and in a non-commercial or agricultural vehicle. In order to become a truck driver in Arkansas, applicants must have a Class D license in good standing.
How do you get a car dealer license?
To get a car dealer license so you’re able to sell cars, start by obtaining a business license from the U.S. Small Business Administration office near you. Then, apply for a surety bond with a bond company and sign a credit release agreement with them.
What is Arkansas registered agent?
An Arkansas registered agent is a third-party that accepts service of process and official business correspondence on behalf of businesses in Arkansas.