5 Ways To Secure Your Tennessee Car Dealer License In 2024

How to Secure Your Tennessee Car Dealer License in 5 Simple Steps

Discover the step-by-step process for obtaining a Tennessee Car Dealer License, including facility requirements, inspections, license types, surety bonds, and paperwork submission. Learn how to navigate the licensing process efficiently.

This guide outlines a 5-step process for obtaining a Tennessee Car Dealer License.
The steps include establishing a business location, scheduling an inspection, applying for the correct license type, purchasing a motor vehicle dealer bond, and completing necessary paperwork.
The license application process involves complying with specific facility, signage, and display lot requirements.
Tennessee does not offer wholesale, broker, or exporter license types.
A surety bond of $50,000 is required for customer protection, and it involves a one-time payment.

Are you looking to become a car dealer in the state of Tennessee? If so, you'll need to obtain a Tennessee Car Dealer License. This comprehensive guide provides you with a clear, five-step roadmap to secure your license. From establishing a business location to completing the required paperwork, we've got you covered. Here's how you can make your dream of becoming a car dealer in Tennessee a reality

Step 1 Establish Your Business Location
- To kick-start the process, you must establish your place of business. It's essential to note that temporary facilities and residents are prohibited. Your business location must meet specific criteria, including facility, signage, and display lot requirements.
Step 2 Schedule an Inspection
- Once your business location is set up, the next step is to get it inspected by an area field investigator. To schedule this inspection, you should contact the Tennessee Motor Vehicle Commission. This inspection is a crucial part of the process, as it ensures that your business complies with the necessary standards.
Step 3 Complete Your License Application
- To proceed, you'll need to complete your Tennessee dealer license application. Ensure that you apply for the correct license type. It's worth noting that Tennessee does not offer wholesale, broker, or exporter license types. If you have concerns about a felony on your record, you may want to explore other options.
Step 4 Purchase a Motor Vehicle Dealer Bond
- As part of the licensing process, you'll be required to purchase a Tennessee motor vehicle dealer bond. This type of surety bond is designed to protect your customers. In the event that you fail to adhere to rules and regulations, someone can make a claim against your bond. The bond amount is set at $50,000, but you'll only need to pay a small percentage of this amount. Importantly, this is a one-time payment, not a monthly one. You can obtain a surety bond from a reputable surety bond provider.
Step 5 Complete the Necessary Paperwork
- The final step involves completing the remaining paperwork, which can be found on the official Tennessee website. You'll also need to pay the required licensing fees and submit your application. Upon approval, you can expect to receive your Tennessee dealer license in the mail within seven to ten business days. To activate your license, take your licensing certificate to your local county clerk, who will issue you your dealer license plates.

Becoming a car dealer in Tennessee is an exciting endeavor, but it's important to follow these five key steps to ensure a smooth and successful licensing process. With the right guidance and preparation, you'll be on your way to running a legitimate and thriving car dealership in the state of Tennessee.

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