Texas Motor Vehicle Dealer License Requirments
Posted: November 19, 2023
Auto Dealer Bond Rates Car Dealer Bond is typically called an MVD Bond, or a Motor Vehicle Surety Bond. Auto dealer surety bond is not an insurance policy, it does not protect the auto dealer from any losses, but it does protect the consumer from any wrongdoing or wrong actions by the dealer. Most states require auto dealers to carry a surety bond, which is a...
How to obtain a Texas Auto Dealer License?
Posted: January 12, 2020
Texas Auto Dealer License Requirements? To regulate the Auto Dealer trade, the state subjects Texas Automobile Dealer to many legal restrictions and requirements. For a new Dealer license in Texas, the first step is to obtain a General Distinguishing Number (GDN). This requires, among other things, a permanent place of business, a business Signage, enough space to display five vehicles the dealer intent to sell. You'll need a GDN whether you...