Utah Car Dealer License Guide
In this article, we’ll walk you through everything you need to get an Utah car dealer license. Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. Our expert agents are ready to assist with all your Utah car dealer license bond needs. What Are the Different Types of Utah Car Dealer Licenses? Utah’s Motor Vehicle Enforcement Division (MVED) issues three main types of motor vehicle dealer licenses: New vehicle dealer license Used vehicle dealer license Motorcycle dealer license The most common of these is a used vehicle dealer license, which is the focus of this article. What Are the Steps in the Licensing Process? Before you complete and submit your application for a vehicle dealer license, you’ll need to accomplish certain tasks including: Obtaining a Federal Employer Identification Number from the IRS Registering your dealership with the Utah State Tax Commission and obtaining a sales tax number Completing an 8-hour pre-licensing course offered by MVED or by an approved training vendor Securing a permanent business location Purchasing the required amount of liability insurance Purchasing Workers’ Compensation insurance to cover employees Purchasing a $75,000 Utah car dealer bond Within 5-10 days of receiving...
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