How Do You Get A Used Car Dealer License In Arkansas?
You will need a dealer license in order to sell more than 5 used cars in Arkansas. The Department of Motor Vehicles determines all requirements and regulations for dealer applications. Follow the guidelines below to help you through this process. Find a location for your used car dealership. Rent, lease or buy the property you need. Assuming that you know how to run a car dealership, follow the proper legal procedures to set up the foundation for your business. Obtain the following items before you apply for a used car dealer license: a business sign, an accounting/filing documentation process, proof of liability insurance and a business phone listing. Pick up a copy of the DMV Arkansas Dealer Application form (ASP-70). Go directly to your local DMV in person or through the official Arkansas DMV website (see Resources below) and fill out the form. Get a business/cashier’s check for $25,000 for the Surety Bond. Take a picture of your business site and sign. Draw up a list of salespeople
