If you are a Vehicle Dealer in Nevada, you are required to apply for a license and obtain a Vehicle Industry Business License Bond. The following are required to have a vehicle industry business license: brokers, dealers, rebuilders, lessors, distributors, manufacturers, for sales of off- highway vehicles, utility or boat trailers, motorcycles, horse trailers (without living quarters), utility trailers, autos, cars and other types of vehicles.
The license requirements are as follows:
Applicants must complete an application obtained from the Nevada Department of Motor Vehicles and pay the license and fingerprint fee and be able to pass a background check.
New or franchise dealers must submit a copy of the Dealer Franchise Certification. Manufacturers will need to provide a letter of confirmation from the Strategic Alliance (SAE) for their World Manufacturer Identifier.
If applicable, provide a copy of the business Certificate of Incorporation and Corporate filing, and/or a fictitious (dba or trade) name filing.
Business location requirements include: a place of business within the state, office space, display lot, permanent exterior signage with business name (no less than eight-inch high letters) that is visible from the street, and provide two color photographs the show the exterior of the building and sign. The business will require a site inspection by the State.
A surety bond is required as follows:
$10,000 bond for utility or boat trailers (weighing less than 3,500 lbs)
$50,000 bond for motorcycles, horse trailers (without living quarters) and utility trailers (weighing more than 3,501 lbs)
$100,000 bond for any other vehicle type
In lieu of a bond, a certificate of deposit of equal amount may be filed with the State.
Applicants will also need to obtain a business license from the city or county government the business will be located within and purchase and maintain automobile liability coverage.
The premium that you pay for a Nevada Vehicle Industry Business License Bond is dependent on credit, and bond amount needed. For bond amounts over $50,000, personal and business financial statements are required.
Contact our Surety Bond Specialists at:
Hours: 8:00-5:00 CST, Monday through Friday