SURETY SOLUTIONS BLOG

How To Get A New Motor Vehicle Dealer License In NY

By Jud Webre on Jan 2, 2017 7:35:00 AM in

Auto Dealer Bonds

new york dealer license



Planning on starting a car dealership in New York for new vehicles? 
You must get a New York Dealer License if:

  • You plan on selling at least 5 NEW vehicles within 12 months
  • You plan on displaying at least 3 NEW vehicles for sale within 1 month on your own premises
  • You plan on displaying at least 3 NEW vehicles at once on your own premises

 

Planning on selling USED vehicles? Check out this post: How To Get An NY Used Car Dealer License.

 

How to get a New York Dealer License

 

Step #1: Complete the Original Facility Application

The cost of the application is a non-refundable $37.50 via money order or check (Include with application).

 

Have a previous felony? Check out this post on Getting a Dealer License With a Felony.

 

Step #2: Provide Sufficient Documentation

 

new york car dealer license

 

Step #3: Secure an NY Motor Vehicle Dealer Bond

Purchase a $50,000 NY Motor Vehicle Dealer Bond from a licensed surety bond company.

  Get FREE NY Car Dealer Bond Quotes  

Not sure how to get an Auto Dealer Bond? Use this interactive tool to help you out.

 

What is the Purpose of an NY Motor Vehicle Dealer Bond?

A New York Motor Vehicle Dealer Bond protects your clients should you not fulfill your job obligations. Your clients are protected should you sell a faulty vehicle or not provide a title. A New York MVD Bond is a requirement before you can licensed.

 

Step #4: Include Payment Fees

  • Application fee: $37.50, must be sent along with the entire application and supporting documents.

  • Two Year Registration Fee: $450, will be refunded if your application is not approved. 




    new york dealer license



 

Step #5: Submit Paperwork

Submit or mail paperwork to the Commissioner of Motor Vehicles

NYS DMV Bureau of Consumer and Facility Services
Attention: Application Unit
P.O. Box 2700
Albany, NY 12220-0700

 

Step #6: Wait on the Decision

Wait for the Commission of Motor Vehicles’ to process your application. Be prepared for a representative of the DMV to interview you and inspect your dealership premises during this waiting period.

If you are not approved for a dealer license, you will be refunded for the $450 Registration Fee.

 

For additional questions, check out the New York Dealer License How-To page.


Car dealer licensing ebook



Related Articles:

Massachusetts Used Dealer Bond

Washington D.C. Dealer Bond

New Jersey Dealer Bond