Mississippi Dealer License

Mississippi Dealers Licenses are granted by the Mississippi Motor Vehicle Commission in Birmingham, Mississippi.

Mississippi Dealer Training Podcast

Mississippi Dealer License Application

To find out how to get an Mississippi Dealer License, you can call the Mississippi Motor Vehicle Commission at 601-987-3995 or write to the Mississippi Motor Vehicle Commission at:

Mississippi Motor Vehicle Commission
P.O. Box 16873
Jackson, MS 39236-0873

Mississippi Dealers, Mississippi dealers are regulated by the Mississippi Department of Revenue
Mississippi Department of Revenue
Motor Vehicle Licensing Bureau
P. O. Bo 1140
Jackson, MS 39215
601-923-7143

www.dor.ms.gov


Step Number 1 Dealer Surety Bond and Insurance
You must obtain a dealer surety bond and insurance in order to obtain an Mississippi dealers license. I always recommend this as the first step in obtaining a Mississippi dealers license. The cost of a dealer surety bond is based on your credit score and the cost of your insurance is based upon your driving record. I am often asked what it costs to obtain a Mississippi dealers license and I can never answer that question accurately because the total cost will depend on your credit score and your driving record.
The State of Mississippi requires you to obtain a $15,000 dealer surety bond in order to be granted a Mississipp idealers license, is the bond going to cost you $15,000, of course not, with good credit you should be spending about 100 to 200 dollars a year for your bond, your insurance company will normally send you an invoice every year or every other year. If you have a couple of blemishes on your credit score, the price of your bond can increase dramatically. The bond must be a surety bond eecuted by an insurance or bonding company authorized to do business in Indiana,
You must also obtain a special insurance policy before the State of Mississippi will allow you to have a dealers license. Your insurance policy pricing will be dependent on your driving record so if you have a really bad driving record, you might pay a lot more for your insurance. You must also obtain an insurance policy that will cover the vehicles that are in your inventory. The State of Mississippi requires every vehicle driven on any roadway in the state to have insurance, including the vehicles in your inventory when they are being test driven by your customers.

Step 2-Federal Ta ID Number and Mississippi Sales Ta Number
Before you apply for a Mississippi dealers license you must obtain a Federal Ta ID Number and a Mississippi Sales Ta Number.
I am going to make a very bold prediction, If you take the necessary steps to obtain a Mississippi dealer license, I predict your income will increase dramatically, In fact may of us that have obtain a dealer license have realized profits that were unimaginable before we obtained our dealers license. With the increase in your income, I guarantee that Uncle Sam is going to want piece of it, so we must obtain a Federal Ta ID Number, this is the number the Federal Government will tack onto your new business, you will have this number on your ta returns, and it shows the State of Mississippiy ou are ready to pay federal taes on your profits. You are also going to have to obtain a Mississippi Sales Ta Number so you can easily collect sales ta on the vehicles you sell.
You must obtain your Federal Ta ID and Mississippi Sales Ta Numbernumber BEFORE you apply for your Mississippi Dealers license. I you have questions about your Mississippi Sales Ta number you can call 317-233-4015
I want to magnify the screen so you can see these screen shots a little easier
Once again if you have questions you can call 317-233-4015 and they will gladly answer any questions that you have about your Mississippi Sales Ta Number. Remember you have obtain your Federal Ta ID Number AND your Mississippi Sales Ta ID BEFORE you submit your Mississippidealer license application, which we will cover in just a few moments.

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Step 3-Building & Lot
You must have a building for your Mississippi dealers license. Your business building must be a permanent enclosed building owned or leased by you, The established place of business must be devoted mainly to the operation of your dealership
you must meet local zoning requirements. You can contact the city hall or county court house’s planning a zoning division to ensure the location you want to use as your dealership meets all local zoning requirements for an Mississippi Dealers license. Applicants should contact their local city or county office to ensure compliance with local zoning ordinances.
The dealer shall conduct business in a building on the same property as the display lot. If the dealer is a used car broker, and will not display an inventory of vehicles for sale, the requirements of this rule for an established place of business shall still be met, with the eception of the display area for vehicles. That would be for brokers. All sales activity must take place at the lot, you cannot sell vehicles away from the lot unless you are selling vehicles at a dealer auction

Step Number 4 Attend 8 Hour Training Class
The State of Mississippi is one of the many states that require you to set through a training class before you can obtain your Mississippi dealers license. The class takes about 8 hours There only one company in Mississippi that is approved by the state to provide your mandatory training classes and they provide training in Pearl just east of Jackson At this time they are charging $375 dollars for the training class

Step 6-Complete Application
The final step you need to do to obtain an Mississippi dealers license is to complete an Mississippi dealer license application in it’s entirety.
If you make mistakes on the application it will be returned, so you want to spend some time and ensure there are not mistakes on the application.
If there is a change in business entity, after you become a licensed dealer, a new application must be submitted with all applicable paperwork, including a new bond and a new dealer license number will be assigned.

Once again, here is that great contact information for you
Mississippi Department of Revenue
Motor Vehicle Licensing Bureau
P. O. Bo 1140
Jackson, MS 39215
601-923-7143

www.dor.ms.gov 
When you submit your application correctly you should receive your Mississippi Dealers license in about 30 days.

Once you obtain your Mississippi dealers license you must display the license prominently, you are going to work hard to obtain your Mississippi dealers license, you are going to be proud when you obtain your Mississippi dealers license, Mississippi law requires that you display your dealers license prominently when it is granted, don’t shove it in some desk drawer, or lock in in a vault, frame your official Mississippi dealers license and display it on the wall, all Mississippi dealers licenses must be displayed prominently

If you want to become a car dealer in Mississippi, you will need to obtain a dealer license. Here is a step-by-step guide on how to do so:

Meet the requirements: To be eligible for a dealer license in Mississippi, you must be at least 18 years old and have a valid Mississippi driver's license. You also need to have a physical location for your dealership, such as a showroom or lot, where you will display and sell your vehicles.

Obtain a surety bond: In Mississippi, car dealers are required to have a surety bond in the amount of $50,000. This bond protects consumers by providing them with a financial recourse if you fail to follow the terms of your dealer license or engage in fraudulent activity. You can obtain a surety bond from a bonding company or an insurance agency.

Complete the application: Once you have met the requirements and obtained a surety bond, you can apply for a dealer license by completing the "Application for Dealer License" form, which is available on the Mississippi Department of Revenue's website. This form asks for basic information about you and your dealership, including your name, address, and the types of vehicles you plan to sell.

Submit the application and supporting documents: Along with your completed application form, you will need to submit the following documents:

A copy of your Mississippi driver's license
A copy of your surety bond
Proof of ownership of your dealership location
Proof of liability insurance
A list of the vehicles you currently have in inventory
Pay the fees: There is a $100 fee to apply for a dealer license in Mississippi. You will also need to pay a $50 fee for each dealer plate you wish to obtain.

Attend a dealer education course: Mississippi requires all new dealers to attend a dealer education course. This course covers topics such as state and federal laws related to car dealerships, ethical practices, and consumer protection. You can find a list of approved dealer education providers on the Mississippi Department of Revenue's website.

Pass an inspection: Before your dealer license can be issued, an inspector from the Mississippi Department of Revenue will visit your dealership location to ensure it meets all of the state's requirements. This includes checking for adequate space to display and sell vehicles, as well as ensuring that you have the necessary equipment and supplies for conducting business.

Once you have completed all of these steps, you can expect to receive your dealer license within a few weeks. Keep in mind that you will need to renew your license annually, and you may be required to complete additional training or meet other requirements to maintain your license.

Mississippi Dealer Application
Salesperson Application

Good Luck In Obtaining Your Mississippi Dealer License!