Obtaining an auto dealer license is the first step in starting your car sale business and exploring the possibilities of the auto dealership industry. The licensing process involves a number of criteria that you must meet. Obtaining a car dealer bond is an important requirement that you must fulfill in order to obtain a license. There are also several things to keep in mind when you decide to apply for an Oregon dealer license. Let’s start!
In Oregon, you can sell up to five cars per year. If you sell more than this, you need a dealer’s license. This license will not only allow you to sell more than five cars, but it will also allow you to appear on the Oregon dealer license lookup. DMV can impose civil fines of up to $5,000 per vehicle for violating licensing laws.
Here is a step-by-step guide, continue reading. You can use our Oregon dealer license lookup to define what you need to do to get your license.
The first step is to determine which form of car dealer license you will be applying for. The following are the different categories of dealers in Oregon:
Your vehicles must be sold and displayed at your business location. The location must meet the following requirements:
Your insurance agent must complete, sign, and stamp the liability insurance certification form issued by the DMV (on the second page). A form provided by the insurance provider will also be accepted by the DMV as long as it is a copy of the DMV form. Note that if you sell certain types of cars, you might be eligible for an exemption.
A car dealer bond in Oregon costs a small percentage of the total bond number. The cost of a bond is determined by your financial strength, such as personal credit.
To become licensed in Oregon, you must first acquire an auto dealer bond. Your application should include a surety bond form.
New auto dealers are required to complete eight hours of pre-licensing education and receive a certificate, which must be submitted with their application.
Check to see if you are excluded from having to obtain a certificate of education. If so, fill out form 735-370C.
Complete the Standard Three-Year Oregon Dealer Application Packet (only for New and Used Motor Vehicle licenses) or the Special Three-Year Oregon Dealer Application Packet (for Motorcycle, Moped, Snowmobile, and/or ATV licenses).
1905 Lana Ave NE
Salem, OR 97314
The fee for a three-year license is $1,187, which includes one license plate. Also, each additional plate will set you back $54. If you want to license a second venue, you’ll have to pay an extra $350 fee.
We hope you have successfully completed your Oregon auto dealers license search. Now it’s time to obtain your auto dealer license.