Is this considered flipping? Be sure to contact the DHSMV for more information, and good luck! Prioritys man. It can be. My $50,000 bond costs me $375 a year. Really! Don. I might go to your local District Attorneys office if the DMV is of no help. You get insurance, then register when you want to drive it on the road but not for the purpose of reselling a vehicle you just bought. First off u say some states have limits on the number of cars u can sell! Thank you for taking the time to assist us with questions. That is so a DEALER can avoid having to comply with the same regulations dealers are upheld to. How to Get a Dealer License Without a Car Lot. Hi Don, I am based in north VA and I am intending to start this kind of business. Whenever I bought a car I did put my name on the back of the tittle and my address, but never registered the car. NOTE: there states that set the number one can buy and sell without a license. Don. Ill take care of that later.. SURE. I was suppose to get a smog certificate from him also Ca. And Ive had many flippers to tell me %%$^@%#^ %%#^%$ and my wife, too. This means that you can buy and sell cars as a hobby or for personal use, but you cannot use it as a business. The person said yes, it can be used for moving the vehicle from one location to another or for a test drive by a potential buyer. The use of the word shall has even gone to the Supreme Court. I just bought a used car from a private seller and we realized after the fact that it was flipped. Teens Involved in Huge Car Crash on Busy Freeway | Inside Edition They agreed to trade the two cars I got for two they had the titles for, which they are now giving me the silent treatment and run around. Its a brand, model, age mechanical condition and mileage. The auction does not SELL the car because the auction doesnt own it. Good luck Don. Why is there no enforcement efforts with all the regulations and laws being violated so openly? By not registering (plates and taxes)and titling the vehicle you are not paying these fees and taxes. I wanted to know if I am required to have a used car lot in order to obtain a car dealers license in the state of Arizona. Let the financial marketplace decide whetherI can obtain the cash to purchase inventory. They are not intended for vehicles that are driven everyday for dealer use. However, the amount of money you make flipping cars will vary based on your success. As long as you are not involved in the sales of the vehicles, you are not a dealer so it does not require a license. In researching the Colorado statutes for obtaining a dealer license, I see they require a net worth of 100K and a credit score of at least 701. I would like to get in the business of flipping cars legally. The person recording continuously remarks on the severity of the weather during the footage. Plus youll have access to true wholesale priced vehicles at dealer only auctions. Don. Both uninsured. In the video I clearly state to check with the licensing department in your state to determine legality. I am considering a strategy to obtain a dealers license, Purchase a car at auction for myself which would be a timely money saving buy, and possibly the same for my father in law. This year I have sold 5 vehicles. Required fields are marked *.
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