How many cars can you flip in Florida without a dealers license. In Florida, the law states that a person must have a dealer’s license if they sell, or offer for sale, more than five vehicles in a 12-month period. Therefore, if you plan on flipping cars in Florida, you are allowed to sell up to five cars in a 12-month period without a dealers license, but if you exceed that amount, you are required to have a dealer’s license.
It’s important to note that even if you sell less than five cars per year, you still need to comply with state laws and regulations regarding the sale of vehicles, including requirements for titles, registration, and taxes.
It’s also important to keep in mind that even if you’re not legally required to have a dealer’s license, you may still be subject to state and local regulations regarding the sale of used cars. So, it’s important to check with the Florida Department of Highway Safety and Motor Vehicles for more information about the laws and regulations in your area, before starting a car flipping business in Florida.
How to get a car dealers licence in Florida
To apply for a car dealer license in Florida, you will need to complete the following steps:
- Meet the eligibility requirements: You must be at least 18 years old, have a valid Florida driver’s license, and have no felony convictions or criminal charges related to vehicles or business practices.
- Obtain a bond: You will need to obtain a $25,000 surety bond from a licensed surety company.
- Register your business: You will need to register your business with the Florida Department of State and obtain a federal employer identification number (EIN) from the IRS.
- Obtain a sales tax number: You will need to register for a sales tax number with the Florida Department of Revenue and obtain a certificate of registration.
- Complete the Dealer Application: You will need to complete the Dealer Application, which can be obtained on the Florida Department of Highway Safety and Motor Vehicles website.
- Pass the examination: You will need to pass an examination on Florida motor vehicle laws and regulations.
- Pay the fees: You will need to pay the application fee and any other required fees.
- Obtain the physical location: You will need to have a physical location for the dealership, which must be zoned for commercial use and have the necessary signage.
- Obtain the insurance: You will also need to have liability insurance coverage for your dealership.
- Inspections: You will need to pass an inspection by the Florida Department of Highway Safety and Motor Vehicles.
Once you have completed these steps and your application is approved, you will be issued a car dealer license. It’s important to note that the process may vary depending on the Florida county where your dealership will be located.
The length of time it takes to get a car dealer license in Florida can vary depending on a number of factors, such as how quickly you complete the required steps and whether there are any issues or delays with your application. However, on average, the process of getting a car dealer license in Florida can take several weeks to several months.
It’s important to note that the time it takes to get a car dealer license in Florida may vary depending on the Florida county where your dealership will be located. Some counties have a more streamlined process and can issue licenses more quickly, while others may have more requirements or longer processing times.
It’s also recommended to check with Florida Department of Highway Safety and Motor Vehicles for any updates or changes on the application process and the time frame for getting a car dealer license.
Selling cars in Florida can be a good business, as Florida has a large population and a strong economy. However, it also depends on the specific location within Florida and competition in the area. The state has a diverse population, with a mix of retirees, tourists, and young professionals, which can create a diverse market for used cars. Florida also has a relatively low unemployment rate, which can indicate that consumers have more disposable income to purchase cars. Additionally, Florida’s population is growing, which can also contribute to an increased demand for cars. However, it’s important to research the specific market conditions in the area where you plan to start your business, as well as the competition, to determine whether starting a used car business in that location would be a good opportunity.