Motor Vehicle Dealer (New Or Used Vehicle)

A Motor Vehicle Dealer (New or Used Vehicle) is a business licensed by the State to buy and sell new or used motor vehicles. The distribution of motor vehicles in the State of North Carolina vitally affects the general economy of the State and the public interest and public welfare, and in the exercise of its police power, it is necessary to regulate and license motor vehicle manufacturers, distributors, dealers (wholesale and retail), salesmen, and their representatives doing business in North Carolina, in order to prevent frauds, impositions and other abuses upon its citizens and to protect and preserve the investments and properties of the citizens of this State

Other Information

Duration of License

Annually

Authority

GS 20-287 -GS 20-290

Exam: No Exam
License Type: Stand-Alone License

Fees

Application
$90.00
New License
$90.00
Renewal
$90.00
Reciprocity:
$0.00
Miscellaneous:
$0.00

Other Requirements

Insurance Bond $50,000; Assumed Name Filing; Copy Of Corporate Charter; Business Premises Must Pass Inspection By And Theft Bureau Personnel; Must Meet Zoning Requirements For City And/Or County

Exemptions

Receivers, Trustees, Administrators, Executors, Guardians, Or Other Persons Appointed By Or Acting Under The Judgement Or Order Of Any Court; Public Officers While Performing Their Official Duties; Persons Disposing Of Motor Vehicles Acquired For Their Own Use And Actually So Used, When The Same Shall Have Been So Acquired And Used In Good Faith And Not For The Purpose Of Avoiding The Provisions Of This Article; Persons, Firms Or Corporations Who Shall Sell Motor Vehicle As An Incident To Their Principal Business But Who Are Not Engaged Primarily In The Selling Of Motor Vehicles. This Category Includes Finance Companies Who Shall Sell Repossessed Motor Vehicles And Insurance Companies Who Sell Motor Vehicles To Which They Have Taken Title As An Incident Of Payments Made Under Policies Of Insurance And Who Do Not Maintain A Used Car Lot Or Building With One Or More Employed Motor Vehicle Salesmen; Persons, Firms Or Corporations Manufacturing, Distributing Or Selling Trailers And Semitrailers Weighing Not More Than 750 Pound Load; A Real Estate Broker Or Salesman Who Sells A Mobile Home For The Owner As An Incident To The Sale Of Land Upon Which The Mobile Home Is Located.

Licensing Authority

NC Department of Transportation
Motor Vehicles
Vehicle Services
3145 Mail Service Center
1100 New Bern Ave
Raleigh, NC 27699-
919-715-7000

Please check with your local City, County or Municipality for area specific license requirements they may have.