Motor Vehicle Dealer License Requirements

To become a motor vehicle dealer in the State of Florida you must complete an application process that entails acquiring a list of items such as insurance and a surety bond. The agents at Gould are here to help you through the process by offering insurance and bonds that meet State requirements.

The DMV requires a motor vehicle dealers license if you buy, sell, display for sale or deals in 3 or more motor vehicles within any 12-month period. This also apples to mobile homes and recreational vehicles. At Gould, we are here to help you through the process as you open and grow your business.

Steps to become a motor vehicle dealer, pre-license:

Obtain a Federal Employer Identification Number or FEIN number. this is acquired from the Internal Revenue System.
Obtain a sales tax number. This is acquired through the department of revenue.
You are required to participate and complete in a pre-licensure dealer training class requirement from an approved Florida Highway and Motor Vehicle Safety training school.
All officers must be fingerprinted at a Florida Department of Law Enforcement approved provider.

Motor Vehicle Dealer Licensure Requirements:

Submit a complete application to Florida Highway Safety and Motor Vehicle.
Provide proof of garage liability insurance in the amount of 25,000 CSL for bodily injury and property damage and 10,000 PIP.
Provide a surety bond for the specific dealer class you are entering.
Provide proof of the business name and registration.
Provide a copy of your lease agreement.
Provide proof of electronic fingerprint.

The agents at Gould are here to help you with the financial side of acquiring a motor vehicle dealers license by offering surety bonds and insurance. Our goal is to be a one stop shop for your surety bond and garage liability insurance. This makes things easier when your renewal dates approach as you only need one agent for your surety bonding and insurance needs. For a free motor vehicle dealer surety bond quote or garage liability quote to meet state requirements, give us a call today at (386) 734 3970