The South Carolina Office of Motor Autos (SCDMV) problems various motorcar dealer licenses. On this page, we’ll check out who’s needed to have one particular as well as measures to implementing for the proper dealer qualifications.
This isn't meant as authorized tips. When you've got questions about dealer licensing requirements, make sure you seek out the support of authorized counsel.
You’ll want garage liability insurance policies to receive dealer plates, and you must post evidence of the coverage when you apply for your license.
Make sure to not thrust off acquiring your surety bond. Acquire a free, no obligation quotation nowadays. You'll be able to select an effective day to your bond to coincide along with your software submission.
Robin and her staff do the job alongside one another to produce a positive customer service encounter at time of every policy renewal, whether or not that be locating the most effective pricing or giving added support.
Think of a surety bond as verification that you'll be an authority that the public ought to believe in. The bond retains you accountable for your small business choices.
Like a retail dealer you need to receive your expected gross sales tax selection from the South Carolina Department of Revenue. Simply because licensed wholesalers can not promote autos to men and women, they're not necessary to acquire profits tax and for that reason are exempt from this prerequisite. Wholesale dealers have to get hold of a tax exemption certification with the SC Section of Earnings.
When a declare is filed, the surety investigates The problem and may compensate claimants nearly up to the full volume of the bond. This bond is in the amount of $thirty,000 – the entire degree of compensation a surety may lengthen to at least one or numerous claimants.
Robin Kix is our Renewal Section Manager. For the duration of her ten years within the surety field, she assisted thousands of businesses through the country stay compliant in the federal, point out and native degree. She has substantial expertise supporting industrial bond strains, specially inside the automobile, transportation and design industries.
Dealerships have to not publicize a vehicle at a selling price lower than the actual marketing price, and any special discounts or rebates needs to be explicitly stated.
As you're finished, post your application with all your supporting documents into the SCDMV by mail to:
The general public should have the capacity to contact the proprietor or operator within your facility whatsoever realistic situations. Your records, information and textbooks should also be taken care of and housed In this particular composition.
The dealer is accountable for amassing and paying out revenue tax to your Division of Earnings on read more the quarterly foundation.
Also, if you bought a different surety bond you will need to mail the initial bond AND Electricity of Lawyer to: