Massachusetts Automobile Dealers Industry Information Pamphlets
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How to fill out Automobile Dealers Industry Information Pamphlets?
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FAQ
To be licensed as a Massachusetts Auctioneer, you will need the following:To register by completing a new online application.A diploma or certificate from a certified auctioneer school.A $10,000 surety bond on the form approved by the Director of the Division of Standards.More items...
There is no minimum number of cars an individual can sell before they are deemed to be a trader. A person will only be considered a trader if they buy cars mainly for the purpose of reselling them at a profit, regardless of the number of vehicles sold each year.
How Many Vehicles Can I Sell in California in a Year? Within the state of California, you can only sell up to five vehicles within a year without a vehicle dealer's license.
How to Get a Used Car Dealer's License in MassachusettsRegister the Dealership. Register or incorporate your business in the state of Massachusetts.Arrange Workers' Compensation Insurance.Organize the Lease.Have the Property Inspected.Obtain a Surety Bond.Apply for a Dealer License MA.
Requirements$25,000 Bond. Per MGL c140(58), the license holder must obtain a bond, or equivalent proof of financial responsibility, executed by a surety company authorized by the insurance department to transact business in the commonwealth.Repair Facility Association.Zoning by-Law 6.2 - Unregistered Motor Vehicles.
Under Massachusetts law, anyone who sells more than three cars in a one-year period is considered a dealer and must obtain a used car dealer license from their municipality.
The Buyers Guidethe major mechanical and electrical systems on the car, as well as some of the major problems that consumers should look out for;whether the vehicle is being sold "as is" or with a warranty;what percentage of the repair costs a dealer will pay under warranty;More items...
The FTC's (Federal Trade Commission) Used Car Rule requires California Dealers to post a Buyers Guide in every used car they offer for sale. You must post a Buyers Guide before you display a vehicle for sale or let a customer inspect it for the purpose of buying it, even if the car is not fully prepared for delivery.
Massachusetts Auto Dealer License GuideObtain a Permanent Business Location.Compile the Required Documents.Obtain Your Auto Dealer Bond.Submit Your Dealer License Application.