The particular specifications may perhaps change according to the sort of license you might be trying to get. In this article, We are going to stroll you thru how to acquire all dealer licenses in South Carolina.
A non-franchise automobile dealer whose Main enterprise goal and significant organization action would be the rental of motor cars
Occupancy: The setting up has to be occupied by you, the dealer, the basic principle company executed in the creating needs to be the promoting or exchanging of autos.
The point out-mandated study course lasts 8 hours and you can enroll with possibly of the next accredited companies:
Motorized vehicle Wholesaler license: Licensed motorized vehicle wholesalers vary from dealers. Wholesalers are limited to whom they are able to promote motor autos. For a licensed wholesaler, it's possible you'll only sell automobiles to licensed motorcar dealers or other licensed wholesalers.
Organization license/zoning allow/business enterprise registration, etc. or perhaps a letter from city/county stating a compliance document just isn't essential for that trade identify (DBA and site of business enterprise)
Robin Kix is our Renewal Department Manager. Throughout her 10 years inside the surety sector, she aided thousands of companies through the country keep on being compliant at the federal, state and local level. She has substantial expertise supporting industrial bond lines, especially within the vehicle, transportation and building industries.
All dealers must sign-up Using the Auto Liability Coverage Reporting technique prior to January eighteen, 2024. This may observe the status of your bond for each dealer and warn the Division to any dealer by having an expired surety bond.
Learn more about how to get a SC dealer license and begin your automobile dealership in South Carolina by downloading our No cost e-book tutorial!
Dealers will have to file an first surety more info bond with their application for just a new license and also when renewing their license. Surety bonds may be quoted and procured from the business below.
Non permanent Recreational Motor vehicle Dealer license: You must become a licensed SC leisure automobile (RV) dealer to submit an application for a temporary RV dealer license. This short term license helps you to exhibit and offer vacation trailers or motor houses at fairs, leisure or sporting activities exhibits, family vacation shows, or other equivalent situations. Dealers may not obtain much more than six short term licenses in a single calendar year.
I describe a Bond being an insurance policy on your prospects. You only pay out a proportion of your Bond quantity. That proportion relies on the credit history score with essentially the most favorable costs for people with 680 rating or greater in my knowledge.
c. a non-franchise car dealer whose Principal business enterprise objective and significant small business exercise will be the rental of motor autos
South Carolina legislation requires All those wishing to promote motor cars within the point out to obtain a license right before doing so.