License: Used Motor Vehicle Dealer

Arkansas Department of Public Safety Arkansas State Police-Regulatory Services Division Used Motor Vehicle Dealer License external site

#1 State Police Plaza Drive

Little Rock, AR 72209

(501) 618-8600

Used Motor Vehicle Dealers - A person who sells or attempts to sell five (5) or more used motor vehicles registered in their name in any one calendar year must obtain a Used Motor Vehicle Dealer license. This individual may sell used cars, trucks, motorcycles, buses and other motor vehicles. They finance, or handle financing, for used motor vehicles purchased on credit. These licensed Used Motor Vehicle Dealers must maintain records of sales and used motor vehicle titles. Travel mobile home sales businesses that take motor vehicles as trade also are required to be licensed as used motor vehicle dealers. Salvage Parts Dealers are required to obtain a separate certificate from the Arkansas Department of Finance and Administration. Requirements: (1) Must have a photograph of the business location. (2) Must have a corporate surety bond in the sum of at least twenty-five thousand dollars ($25,000) (3) Must have proof of liability insurance coverage on all vehicles to be offered for sale in an amount equal to or greater than the amount required by the Motor Vehicle Safety Responsibility Act, § 27-19-101 et seq. (4) Must have a list of the persons or entities having any ownership interest in the used vehicle dealership. (5) Must have a list of salespersons to be employed. (6) Must have a bona fide established place of business used primarily for the sale of used motor vehicles. (7) Must have a telephone number listed in the name of the business. (8) Must have a sign identifying the establishment as a used motor vehicle dealership legible from the street, road, or highway, and a picture thereof (9) Must have a filing cabinet or other repository adequate to secure the business records of the establishment under lock and key or combination. Additional requirements can be found in A.C.A § 23-12-607. New License Dealer fee: $250.00 per year, Renewal fee: $250.00 per year, New Satellite Location fee: $125.00, Satellite Renewal fee: $125.00, Late fees: $35.00