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Tennessee Dealer License Requirements

Obtain a Tennessee Dealer License Application

The starting time step in obtaining your Tennessee dealer license is to complete Tennessee dealer license application. You can download your Tennessee dealer license application by clicking hither: http://www.country.tn.u.s./commerce/boards/mvc/documents/DealerApplication.pdf

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Dealership Business Building

Before you obtain a Tennessee Dealer License you must take a building that is solely for the operation of your dealership. The State of Tennessee does not let more than than i concern to operate out of this location. If your Tennessee dealer role is in the same building as another building, it must exist separated by a wall and if a door connects the two businesses, the door must exist permanently sealed. The Tennessee Motor Vehicle Commission does not grant a dealer license at any residential home. Y'all must have a commercial business location to operate your dealer lot to sell motor vehicles. The State of Tennessee also requires that you accept a 288 foursquare foot interior office. The building that housed the Tennessee Dealer lot must also have at to the lowest degree i restroom.

Working Telephone

Before you are granted a Tennessee Dealer license you must have a working telephone in your concern. The State of Tennessee does not permit a prison cell phone or cordless phone that reaches from some other building to serve every bit your official telephone therefore yous must have a land line. The State of Tennessee wants to make sure you are accessible to your customers at all times. A working phone is a Tennessee Dealer License Requirement.

Hours of Operation

When you obtain your dealers license the Tennessee Motor Vehicle Commission requires that maintain a certain amount of business organization hours. Your Tennessee dealership hours of operation must be posted prominently on the door of your dealership or on your dealership sign. You must accept your dealer lot open a minimum of 3 days a calendar week for a minimum of 12 hours a week. Your hours of operation are your choice as long every bit they are between viii:00AM and 7:00PM. At to the lowest degree 8 of the hours that your dealership is open must be Mon through Friday. Your dealership must be staffed during your minimum hours of operation. Failure to exist open up at least 3 days and 12 hours a calendar week can lead to revocation or your Tennessee dealer license.

Display Lot

In order to obtain a TN dealer license you must have a display lot on the exterior of your building that holds at to the lowest degree 15 vehicles of the blazon that you are selling. Y'all must as well have at least 3 parking spots that are solely for the use of your customers. Call back, before y'all obtain a Tennessee dealer license you lot must have room for at least xv vehicles of your inventory and 3 parking spaces for your customers.

Photographs of Dealer Location

The Land of Tennessee requires you lot to submit several photographs of your dealership before y'all are granted a Tennessee dealer license. Be certain your photographs include your business organisation building, office, restroom, business sign, hours & days of operation, entire display lot, and your phone number.

Tennessee Dealer Sign

You must have a permanent sign before the State of Tennessee will approve your dealer license application. The Tennessee Motor Vehicle Commission wants your dealership name on the sign in at least 8 inch or larger letters. Your dealer sign must exist permanent in nature and must be clearly viewable to the nearest roadway. Be certain to mail service your hours of performance somewhere on the front of the building.

Tennessee Dealer Garage Insurance

Tennessee Land Law requires yous to obtain dealer garage insurance before y'all may obtain a TN dealer license. You must keep your Tennessee Dealer insurance in effect the entire fourth dimension you accept an agile Tennessee dealer license. You must obtain a dealer garage insurance policy with a minimum of $300,000 per occurrence. The address on the dealer garage policy must match the address of the dealer lot. The certificate holder on the dealer garage policy must be the Tennessee Motor Vehicle Commission. Be certain to include a copy of your dealer lot insurance when yous mail service in your Tennessee dealer application package. You may obtain your Tennessee dealer garage insurance by clicking here.

Dealer Surety Bond

The Tennessee Motor Vehicle Commission requires you to obtain a Tennessee dealer surety bond in the corporeality of $fifty,000 with elapsing of two years. You tin can go a dealer surety bond from most Tennessee insurance agents or whatsoever Tennessee bonding company. Surety bonds protect customers from fraudulent automobile dealers. If yous have adept credit a $50,000 dealer surety bond should toll around $350 to $400. If you have less than perfect credit, your Tennessee dealer bond pricing could be much higher. Be certain to enclose your original dealer surety bond in our dealer application packet. Yous can download a copy of your dealer bond here.

Repair Faculty

If the location you are applying for your Tennessee dealer license does not have a repair facility, you lot must provide the Land of Tennessee with a Service Agreement with a repair facility. You can download a Tennessee Service Agreement past clicking here. The Land of Tennessee wants to make certain you lot have a working relationship with a reputable repair facility if yous do not take a repair store at your Tennessee dealership location. This will ensure the best possible customer service. You must too include a completed labor rate class. Yous can download the Tennessee labor rate form by clicking hither.

Zoning Certification

You must submit written verification to the Tennessee Motor Commission that your dealership meets all local zoning requirements. Yous must contact your Office of the County Executive or Function of the Municipality for this written verification. Just call your zoning authority, tell them that you demand zoning compliance so you can open up an automobile dealership. They should exist able to postal service you this verification but some offices may require yous to pick upward the verification in person.

Records of Conviction

If yous or any other officers on the Tennessee dealer license application have committed a felony or crime of moral turpitude y'all must furnish a copy of any court records. Committing a criminal offence of this nature in your by does not necessarily mean you will be denied a Tennessee dealer license. The Tennessee Motor Commission will review each application on a example by case footing.

Franchise Agreement

If yous are a franchised dealer selling brand new vehicles you must ship a copy of your factory franchise trade agreement or a letter of the alphabet from the manufacturer stating that y'all take permission to sell their vehicles. If you are selling merely used vehicles, you will not be required to submit a franchise agreement with our dealer license application.

Tennessee Business Tax License

You must obtain a business tax license by your County Clerk before the Tennessee Motor Vehicle Committee will grant your TN dealers license. Only phone call or stop past your County Clerk's role to apply for business organisation tax license. The fee for the Business Tax License is $15.00. If y'all have further questions about the Tennessee Business Tax License you may telephone call the Tennessee Department of Revenue at 605-253-0600 or y'all can start the online application procedure to gain a Tennesse Concern Revenue enhancement License past clicking here.

Tennessee Sales Tax Identification Number

 Y'all must apply for a Tennessee Sales Tax Identification Number earlier yous can obtain your dealer license... You can utilize for your TN Sales Tax ID number by clicking here: https://apps.tn.gov/bizreg/ or calling 605-253-0600. Exist certain to include this information in your dealer application packet.

Financial Groundwork Disclosure

You must provide the Motor Vehicle Commission with a Financial Background Disclosure before you are granted a dealers license. The Tennessee Motor Vehicle Commissions will provide you with this form by calling 615-741-0651
Financial Statement or yous can download it by clicking here.

You will exist required to provide the TN Motor Vehicle Commission with a financial statement that proves you lot have a internet worth of at least $x,000. You tin can contact your banking concern to have this form completed. It must be prepared by a Public Accountant or a Certified Public Accountant. Your banking company should be able to provide this service to you free of charge or for a nominal fee. The financial disclosure statement must be dated less than one year before submitting you dealer license application to the Tennessee Motor Vehicle Division. If the financial disclosure statement was completed more 12 months ago, the Motor Vehicle Partition volition crave a new fiscal disclosure statement.

Manufactures of Incorporation

If you are a Tennessee Corporation, Limited Liability Corporation, or Limited Liability Partnership, yous must provide a re-create of the lease as filed with Tennessee Secretarial assistant of Country'due south Office. If yous are an out of State Corporation or Limited Liability Corporation you must provide a Document of Authority to practise concern in Tennessee. If you accept questions virtually Tennessee Manufactures of Corporation or how to apply for a Certificate of Authorisation you tin contact the Tennessee Secretary of State's Division of Business Services by clicking here or calling 615-741-2286.

Salesperson License

All sales persons and all owners that are conduct sales at the dealership must apply for a Tennessee Salesperson License. You can use for a Tennessee Salesperson License by clicking hither: http://land.tn.us/commerce/boards/mvc/documents/newsalespersonapplication.pdf

Tennessee Dealer License Fees

New Dealer License Fees               $400.00 per line make
Used Dealer License Fees               $400.00
New Motorcycle License Fees          $400.00 per line make
Used Motorcycle License Fees         $400.00

Mail Dealer License Application and Paperwork

When you have completed all of the steps in a higher place you lot volition mail the following paperwork:

Tennessee dealer license application,
Check or coin order for $400 per line brand
Original 2 year dealer surety bail
Copy of zoning letter
Copy of repair understanding
Copy of sales revenue enhancement document of registration
Copy of canton business tax license
Copy of city business tax license if applicative
Re-create of financial disclosure
Photographs of your business edifice, function, restroom, business sign, hours & days of     functioning, entire display lot, and your telephone number
Financial argument prepared past accountant
Original document of dealer garage insurance
If y'all are a corporation include a copy of articles of incorporation
If you lot are a new dealer, a copy of your factory franchise trade agreement
If you are a new dealer, a copy of your labor charge per unit form

Make all paperwork and appropriate fees to:
Tennessee Motor Vehicle Committee
500 James Robertson Parkway
2d Floor
Nashville, Tennessee 37243-1153

If y'all have any questions about how to obtain a Tennessee Dealers License you may contact the Tennessee Motor Vehicle Commission at 615-741-2711.

Good luck in your efforts to obtain a Tennessee Dealer License

Click here for Tennessee Dealer Insurance.

Download Tennessee Dealer Application

Good Luck In Obtaining Your Tennessee Dealer License!

Source: https://www.dealertraining.org/dealers-license/tennessee-dealer-license.html

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