How do i apply used car dealer license in state of texas?
Answer:
"From anywhere in Texas, contact the Texas Department of Transportation or go to their Web site. If you plan on doing any financing or arranging financing you also need a license from the Office of the Consumer Credit Commissioner.
For a retail used car dealer, you must pay a $500 fee plus $45.30 per metal dealer plate desired (most small dealers only need a couple of these), obtain a $25,000 surety bond or have an irrevocable bank letter of credit for $25,000, and you must own or lease property with an office (seperate from and with no access to any residential living quarters on the property), at least 5 paved parking spaces, and a sign with six-inch letters. You must also have a working land line phone installed in the office, have a desk and at least two chairs, and there are other provisions to get your license application approved.
For a wholesale license, you must have an office, but need not have specific parking spaces for the sale of vehicles on-site. But with that license you can only sell to other wholesalers or dealers."
http://www.faqfarm.com/q/how_do_you_get_. Other Questions and Answers: