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Do you have to have a dealers licence in texas for buying and selling from police auctions?
28th March 2010
I’m wondering if this is a requirement for buying both cars and motorcycles.
Posted in: Auction FAQ | | Comments (2)
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No. Police auctions are open to the public. So anyone can buy from them. BUT you do need a dealer’s license if you plan on buying and then selling more than 3 vehicles a year. They aren’t cheap. And you have to go through an extensive background investigation. If you decide not to get a dealer’s license and sell more than the limit, the DMV will catch up to you and make you pay some extremely high penalty fees.
Comment by insidebuy — March 28, 2010 @ 4:20 pm
No, you only need a dealer’s license to go to a dealer’s auction. All the other types of auctions are open to the public.
Comment by CarmelKM — March 28, 2010 @ 4:20 pm