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- MO Dealer And Business Operating Manual 2023
Get MO Dealer And Business Operating Manual 2023-2024
Revised: March 2023MISSOURI DEALER AND BUSINESS OPERATING MANUALTable of Contents Section 1: Contact Information ............................................................................... 11 Section.
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Powersport FAQ
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You need more than just a bill of sale to complete the transfer of a vehicle in Missouri. You also need to complete the registration and titling process, and if you're the buyer, you also need to pay sales tax.
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In the State of Missouri individuals and businesses are allowed to sell up to six vehicles per year without a dealer license. If you sell more than six vehicles, you will need to get a dealer license for the type(s) of vehicles that you sell.
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Dealer Application Checklist Attend the required four-hour dealer training course. Submit the online background check. Purchase an auto dealer bond and liability insurance. Register your business with the Missouri Secretary of State. Complete the inspection of your dealership's building, lot, and signage.
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Was Your Title Delivered Late Or Not Delivered At All? The laws in both Missouri and Kansas state that an auto dealer must tender the title to the buyer within 60 days of the purchase. But there are times when this simply doesn't happen. It could be because the dealer is unorganized and irresponsible.
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Used Vehicle Purchased in Missouri – The buyer must receive a properly assigned title from the seller that proves a transfer in ownership occurred. If the buyer purchased the used vehicle from a dealer, the buyer may also receive a completed title application.
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To get a dealer's license without a lot, you can apply for a wholesale license. Obtaining a wholesale license does not require a lot. However, a wholesale license only allows you to sell, buy, and trade cars among wholesale dealers and you can't sell cars to car end users.
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In Missouri, doing this is illegal. Purchasing a car without a title from a used car dealer is also a very easy way to expose you to a lot of harmful schemes and scams and criminal prosecution. Want a free consultation?
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If a person buys a vehicle without putting it in their name and then sells it, it is known as title jumping.
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