New Jersey Dealer License

New Jersey Dealers Licenses are regulated by the New Jersey Motor Vehicle Commission in Trenton, New Jersey.

Dealer Training Podcast

New Jersey Dealer License Application

To obtain an New Jersey Dealer License, you can call the New Jersey Motor Vehicle Commission at 609-292-5340 or write to the New Jersey Motor Vehicle Commission at:

Motor Vehicle Commission
Business Licensing Services Bureau
PO Box 171
Trenton, New Jersey 08666-0171

New Jersey Dealers, New Jersey dealers are regulated by the New Jersey Used Motor Vehicle Commission
New Jersey Motor Vehicle Commission
Business Licensing Services Bureau
P.O. Bo 170
Trenton, NJ
08666-0170
609-292-6500 et. 5014
www.njmvc.gov 
I want you go in depth in the 6 Steps to an New Jersey Dealers License 

Step Number 1 Dealer Surety Bond and Insurance
You must obtain a dealer surety bond and insurance in order to obtain an New Jersey dealers license. I always recommend this as the first step in obtaining a New Jersey 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 New Jersey 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 New Jersey requires you to obtain a $10,000 dealer surety bond in order to be granted a New Jersey dealers license, is the bond going to cost you $10,000, 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 New Jersey,
You will also need an insurance policty, $100,000 - $250,000 for bodily injury
$25,000 for property damage

Step 2-Federal Ta ID Number and New Jersey Sales Ta Certficate
Before you apply for a New Jersey dealers license you must obtain a Federal Ta ID Number and a New Jersey Sales Ta Certificate.
I am going to make a very bold prediction, If you take the necessary steps to obtain a New Jersey 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 New Jersey you are ready to pay federal taes on your profits. You are also going to have to obtain a New Jersey Sales Ta Number so you can easily collect sales ta on the vehicles you sell.
You must obtain your Federal Ta ID and New Jersey Sales Ta Certificate number BEFORE you apply for your New Jersey Dealers license. I you have questions about your New Jersey Sales Ta number you can call 609-292-9292 (Option #1)


Step 3 Fingerprints
You must have your fingerprints taken before you are granted an New Jersey Dealers License. The State of New Jersey requires dealers to be of a higher ethical standard than the average person walking down the street. Very soon you will have oversight over very large financial transactions. Most of the vehicles you sell with your dealers licenses will be worth several thousands of dollars. This are very large financial transactions that the State of New Jersey is allowing you complete oversight. So, before the State of New Jersey approves your dealers license, they want to make sure you never rolled back odometers, they want to make sure you have never stolen a car, the State of New Jersey wants to make sure they are not giving a dealers license to someone that was managing some auto theft ring. As I stated a moment ago, the state of New Jersey requires dealer to be high ethical standards so you a background check will be ran on you when you obtain your mandatory fingerprints.
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Step 4-Building & Lot
You must have a building for your New Jersey 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
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.

You must also have also have installed and maintain a working land line telephone whose number shall be listed in the licensee's trade name, the same as that which is listed in the application and in any advertising. You must also erect and maintain a permanent sign. The sign shall list the trade name of the dealer, the same as that which is listed in the application and in any advertisement by the dealer. The Telephone number listed on the sign must be the phone number listed in the application and in any advertisement by the dealer. The sign must also list the hours of operation
Be manned and open to the public at least 20 hours each week or
The sign must be professionally designed on permanent material,.

Step 5 Register Your New Business with the New Jersey Secretary of States office.
The New Jersey Secretary of State is not only the State of New Jersey’s leading election authority they are also in charge of keeping a record of every business operating in New Jersey. They want a record of the dealership you are opening as well. Before you file your business on the New Jersey Secretary of States website you will need to decide upon your business entity. You are either starting your dealership as a sole proprietor, and llc, a corporation, a business trust, a partnership, or a not for profit. You can get some legal advice to determine what business enitity is best for you, or If you need guidance you can call the Secretary of States office at 800-457-8283
Let me show you how easy this is, it only takes a few moments when you have decided your business entity

Step 6-Complete Application
The final step you need to do to obtain an New Jersey dealers license is to complete an New Jersey dealer license application in it’s entirety. This must be done online only, the State of New Jersey no longer accepts mailed dealer applications.
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.

Don’t for get to have the following documents ready
Completed license application
Child Support Certification for each owner
Fingerprint Request Notification Form
Copy of Driver License for each owner
Passport size color photograph for each owner
Copy of Incorporation/Formation Papers
Copy of Alternate/Fictitious Name Filing Certificate (if applicable)
Copy of Federal EIN Registration Certificate
Copy of Property Deed or Lease/Rental Agreement
Copy of NJ Certificate of Authority for Sales Ta
Business Hours Form
Completed Authorized Signatories Form, etc.)
Photographs/plans clearly depicting the complete premises and signage where the dealer intends to conduct business
 
When you submit your application correctly you should receive your New Jersey Dealers license in about 30 days.

Once you obtain your New Jersey dealers license you must display the license prominently, you are going to work hard to obtain your New Jersey dealers license, you are going to be proud when you obtain your New Jersey dealers license, New Jersey law requires that you display your dealers license prominently when it is granted,

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Good Luck In Obtaining Your New Jersey Dealer License!