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The Michigan Department of State suspended the license of a used car dealership after discovering the dealership allegedly tampered with odometer readings. Some of the topics covered within the lengthy manual include: Fees are different for each class. The $10,000 Michigan auto dealer bond is a central licensing requirement for new and used car dealers, and brokers. For classes C, H, and R the licensing fees are $160. Allow at least 30 days for processing. ONLINE DEALER APPLICATION . Every U.S. state requires an auto dealer license before any buying or selling business can take place. Instant approval. If you wish to sell more than 5 vehicles in a 12-month period in the state of Michigan, you will need to have a Michigan Dealer License. Dealers need their own space. BMV Dealer Options For BMV … Applying for a new license. Get Licensed Today. In many states, this gives wholesale dealers an advantage because they need to comply with fewer licensing requirements. Dealers can find automotive-related forms online where they can download many (but not all) of those forms that come from the Secretary of State's (SOS) office. A minimum of 2 dealer plates is required for your business. You need a used motor vehicle dealer license if you sell, offer to sell, or advertise for sale at least: twelve (12) used motor vehicles (includes off-road vehicles, snowmobiles, and mini-trucks); or ; Three (3) used manufactured homes; In a 12 month period. and this is how to Become an Auto Dealer Without a Land Lot (Car … The Michigan SOS offers different types of dealer … For the most common types of Michigan auto dealer licenses – new and used car dealers, you will have to post a $10,000 Michigan auto dealer bond. Unlike new and used car dealers, wholesale dealers do not sell vehicles retail. Steps to Get Your License. Dealer. Submitting a Michigan motor vehicle dealer bond. Please note that not submitting the required checklist items and not fully completing the dealer application will delay the processing of your license application. Step #7: Wait to be Approved . Whether you are choosing to buy a new or used vehicle from a dealer, you may want to ensure that the business is obeying the law and has a valid license. However, Same Day Car Dealers License provides an alternative that is seamless, instant and cost-effective. The are many avenues to obtain your car dealers license. You are legally allowed to sell less than 5 vehicles a year if those vehicles are titled in your name and used primarily for personal, family, or household use. 1/3. Every state requires that an automobile dealer acquire and maintain a valid license.