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Used car dealers allowed to keep title in limbo If dealer buys at auction Veh goes on car lot and dealer sells. Is the dealer's name or company name ever on the title?
Wiki User
∙ 16y ago
Most state laws require a dealer to turn over title to a buyer, whether another dealer or individual, within 30 days of purhcase. The issue that I think you're asking about occurs when vehicles are bought and sold so quickly that the title doesn't have time to 'catch up' to the car. So, the dealer that sold a car, may in fact be waiting on the dealer or auction that sold him the car. As far as your second question, the dealer's name would appear on the "assignment of title", but not on the title itself as this is only required when the vehicle is titled to an individual.
Wiki User
∙ 16y ago
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You become a licensed car dealer in the state of your choice.
I'm wondering on how you can go to auto auction for dealers with out a dealers license basically i just want to buy and sell cars out of my backyard like 1 at a time is this possible?
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What states require out of state dealer licenses in order to buy a vehicle at auction?
States have nothing to do with an auction choosing to be a dealer only auction or a public auction. Thus there is no state that "requires" a dealer licenses to buy at an auction. This a requirement of the auction if it chooses to be dealer only.
Can a convict obtain acar action license?
This can vary depending on which your looking for, and where your live. If your looking for a license to sell cars as an auction (start your own auction company) then you will need to get a business license and find out what your city's / county's / states requirements are for having an auction company. There also may be and organization to join such as American Auto Auction Association , or Georgia Auction Association (just examples). These organizations can provide you with more information. If your are looking for a license to buy and sell cars at an auction then you will need to be a registered company as either an auto dealer, or auto wholesaler. Most auctions have one or more auctions that are "open to the public". However to gain access to dealer auctions you will need a business license, then apply with the auction to be a member. If you are still interested in getting a dealers license and want more information call Arthur Izaguirre @ 312-733-9577
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All of the good wholesale auctions are 'Dealer Only" meaning the person attending the auction must hold a valid dealer license. Most states require a 'car selling location' in order to obtain a 'Dealers License" Check with your local/State laws and Good luck I got my Dealers license when I was only 22
How can you gain access to a dealer only auction?
The only way you can buy or sale at a dealer only auction is to be a registered dealer. That means you have to be a licensed dealer.
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