How to Obtain a Car Auction License in California
Surety Bond Professionals is a family-owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your California car auction license bond needs. Learn how to obtain a car auction license in California, below. What License is Needed to Buy and Sell Cars at Auction in California? The two main types of auto dealer licenses issued in California are retail and wholesale dealer licenses: A retail auto dealer license will give you the broadest range of opportunities to buy and sell pre-owned vehicles through the auction process in California. It allows you to buy and sell pre-owned vehicles at both dealer-only and public auctions. A wholesale license allows you to buy and sell at dealer-only auctions, but you may not auction pre-owned vehicles to the public. There are some requirements for obtaining a retail vehicle dealer license that don’t apply to wholesale dealer licenses, such as having to maintain an approved office and car lot. Wholesale dealers can work from a home office. What Are the Steps in the Licensing Process? The following points provide a broad overview of what...
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