If you’re thinking of entering the car auction game, Florida is the right place. Car auctions are popular in the Sunshine State. But before you get ready to sell your first vehicle via auction, you’ll need to first get properly licensed with the Florida Department of Highway Safety and Motor Vehicles (FLHSMV).
Selling cars at an auction can be a win-win-win. For you as the dealer, it’s an opportunity to make money on multiple sales at one event. For the individual or organization offloading the vehicles, it’s a quick way to get their transaction completed. And for the buyer, it often means a better deal than buying the vehicle through a traditional dealer transaction.
If you sell more than three vehicles in a year’s time, you’ll need an auto dealer license from the FLHSMV. And the process for getting that license is virtually the same whether you choose an independent motor vehicle dealer (VI) license or a motor vehicle auction dealer (VA) license. So if auctions interest you, getting your car auction license can make a lot of sense.
Fortunately, you’ve come to the right place. Here’s your comprehensive overview of getting your vehicle auction license in Florida.
The FLHSMV issues ten different types of motor vehicle, recreational vehicle, and mobile home dealer/broker licenses. If you want to sell vehicles at an auction, the type you’ll need is (as you can probably guess) the vehicle auction dealer (VA) license.
With this license type, you can legally hold auctions at which vehicles are sold to the highest bidder. You can sell recreational vehicles at auctions with this license type, too.
But there are a couple of important caveats here. First, the buyers at your auction need to be licensed motor vehicle dealers. Secondly, if you plan to sell vehicles for retail price at your auction, you’ll need to get a vehicle independent dealer (VI) license, too.
Now that you know more about the Florida vehicle auction dealer license, you probably have a clear idea of whether it’s the right license type for you. If so, here are the steps you need to take before you can get your license:
Once you’ve checked off the above to-dos, you’re ready to get to the actual license application process. There are just two things left to check off your list:
As you can tell from perusing the application itself, you need to send in quite a bit of paperwork to complete the process and get your Florida car auction license. Beyond the fee, you need to include:
Once you submit your application, the process to approve it usually takes about a month. If you don’t hear back about your application or get your license after 30 days or so, contact your local regional office.
Once your license is approved, mark April 30 on your calendar. You’ll need to renew your license on that date each year. You’ll need to take eight hours of continuing education and pay $75 to renew each time.
Getting your ducks in a row to get your Florida car auction license will require some legwork on your part. But once you get the license, you’ll be ready to tap into the lucrative statewide vehicle auction market. And, from that point forward, as long as you renew your license on time, you’ll be able to work as a legal vehicle auction dealer throughout the state.