2007-02-06 03:41:09 · 3 answers · asked by estephania2182 3 in Cars & Transportation ➔ Buying & Selling
One. It's a federal thing.
2007-02-06 03:51:17 · answer #1 · answered by Ricky J. 6 · 0⤊ 0⤋
The dealer license isn't volume dependent. The advantage of a dealer's license is titling.
Let's say you're going to buy John Smith's car and sell it to Jane Doe.
In order to sell it to Jane, you must transfer ownership from John to yourself (so that you have the right to sell it). This means that you have to pay the fee to have the title listed in your name. Then you'll have to pay the fee (or include it in the cost of the sale) to transfer ownership to Jane.
If you had a dealer's license, you could sell the car to Jane without having titled it in your name. You could save the transfer fee, the paper-work, and the time for the bureaucracy to process everything.
This would also change how you tax the sale.
2007-02-06 06:30:08 · answer #2 · answered by trigam41 4 · 0⤊ 0⤋
No, you would be unable to. you will possibly desire to have a social risk-free practices # to purchase a motor vehicle. it is component of the Patriot Act. additionally, if somebody will pay funds for an motor vehicle the place the quantity is over $10,000 that still might desire to be suggested, if it is not, your going to penal complex for an exceedingly long term. Terrorist stole planes and flew them into homes, now the government is questioning vehicles with bombs loaded in them might desire to be next, it is why this falls under the patriot act.
2016-09-28 12:11:40 · answer #3 · answered by ? 4 · 0⤊ 0⤋