If you are thinking about obtaining a Florida dealers license to sell motor vehicles of one form or another, then it's important that you're fully aware of the licensing requirements, the different license types, and more. Use this guide to understand all of the types and requirements, and then get started completing the necessary steps.
The Florida Department of Highway Safety and Motor Vehicles (DHSMV) lists ten different Florida dealers license types, spread across three different main groups or classifications. All of the official paperwork and forms needed for filing can be found at FLHSMV.gov, while further information on the statutes and regulations involved can be found at Leg.State.FL.US/Statutes.
The first six Florida dealers license types fall into the family of motor vehicle dealers. All of these licenses must have $25,000 Florida auto dealer surety bonds which are renewed annually, in addition to garage liability insurance, a pre-licensing training course completion, and the appropriate feels and legwork for filing, such as fingerprinting and Federal ID numbers.
The two most prominent of these are Independent Dealers (VI), who sell only used vehicles, and Franchise Dealers (VF), who sell both new and used vehicles. One core difference here is the expiration date of the Florida motor vehicle surety bond they must have. For VI licenses, the bond must expire on April 30, while VF dealers have a December 31 expiration.
From there, you'll find Service Facility (SF) licenses, a dealership which only performs service and does not sell or lease vehicle; Wholesale Dealers (VW); Auction (VA) licenses, who may not sell retail, and Salvage (SD) licenses, who deal in salvage or wrecked vehicles.
Additionally, there are two different Florida dealers license types for mobile home dealers, and two for recreational vehicle dealers. There is the Mobile Home Dealer license, selling both new and used mobile homes, and the Mobile Home Broker license, only selling used mobile homes. Each must have a $25,000 Florida motor vehicle surety bond.
Finally, for recreational vehicles, you'll find the New Recreational Vehicle (RV) license, selling new and used recreational vehicles, and the Used Recreational Vehicle Dealer (RU) license, only selling used recreational vehicles. They each have a lowered bond requirement of just $10,000.
Hopefully you've learned a little bit more about the different types of Florida dealers licenses, and the specific steps and requirements you'll need, such as proper Florida auto dealer surety bonds in the correct amounts. Obtaining and maintaining your auto dealers license will be much easier once you simply know each step involved, and how to move through them as efficiently as possible.
John Rothschild is the owner of ACI Insurance Services, a leading provider of Florida surety bonds. ACI is known for their customer service, and their affordable rates, and they'll do everything they can to meet the needs of their clients. To get started with any variety of Florida business bonding insurance, including auto dealers, visit LowCostFloridaInsurance.com or call John directly at 407.889.2612.
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