For sale used car dealer license in New Jersey.
Overview of a used car dealer license for sale
The license issued by the NJ Department of Banking and Insurance allows running a wholesale or retail dealership. The business with this type of license can operate anywhere within the state. It enables buying and reselling any type of vehicle. The owner can participate in auctions by registering with the auction house; that means submitting a copy of the business’s license, proof of ownership and payment of an entry fee.
A used car dealer’s license for sale is tied to a specific place; the office can be based in any location; the lot area needed for the operation of a retail business should be at least one acre. If the business will do wholesale, it may need an area for 2-3 vehicles, no more. The new owner should have a team of competent mechanics and towing truck operators. The range of used vehicles is, as a rule, listed online in advance of the auction and gives the dealer an opportunity to bid on a vehicle given the description and photographs, or the dealer will attend the auction to inspect the desired vehicle(s) in person. Miscellaneous car purchases are typical practices and credit may be extended by the auction house.
This deal includes the licenses, five dealer plates, temporary tags, and an exceptional reputation which is crucial to auction houses that can increase time for credit.
*You can also see other offers for sale in the category “Vehicles”.
