Display spaces shall physically be divided from any other motor vehicle dealer’s display space by a permanent barrier no less than three feet in height and erected in such a manner as to clearly distinguish one dealer’s display space from another dealer’s display space.Must have enough parking spaces for the number of anticipated cars To insure availability of the licensee, the following standards must be met and maintained by each licensee. Each dealer:
- Shall post and maintain the hours of operation in a clear manner at or near the main entrance to the dealership office on a placard, sign or by other durable means(b) Shall provide the department with all information and telephone numbers necessary to contact the dealer. Information and telephone numbers shall be provided in writing to the Division of Motorist Services Regional Administrator.
5. OBTAIN A FL SALES TAX NUMBER
Florida Sales Tax Number: All Florida businesses are required to have a sales tax number. If you do not have a sales tax number or wish to receive additional information regarding Florida sales tax, please contact any Florida Department of Revenue Office Service Center or write to: Department of Revenue, Tallahassee Service Center, 5050 West Tennessee Street, Tallahassee, FL 32399, or telephone (850) 488-6800 . Additional information may be obtained on-line at the Department of Revenue’s website by going to www.floridarevenue.com or in your local telephone directory under State agencies.
6. OBTAIN GARAGE LIABILITY INSURANCE
Independent dealers(VI), Auction dealers (VA), Wholesale dealers (VW), and Salvage dealers(SD) have the option to submit a copy of:
- A garage liability insurance certificate which shall include, at a minimum, $25,000 combined single limit liability coverage including bodily injury and property damage protection and $10,000 personal injury protection; OR
- A general liability insurance policy coupled with a business automobile policy, which shall included, at a minimum, $25,000 combined single limit liability coverage including bodily injury and property damage protection and $10,000 personal injury
GARAGE LIABILITY INSURANCE REQUIREMENTS The garage liability insurance certificate must have the following information:
- Name of the garage liability insurance company;
- Address of the garage liability insurance company; Instructions to Form 86056 - Page 9
- Name of the garage liability insurance agency;
- Address of the garage liability insurance agency;
- Phone and fax number of the garage liability insurance agency;
- Name of the insured;
- Address of the insured;
- Garage liability box must be checked;
- Garage liability policy number;
- Effective date of the policy;
- Expiration date of the policy;
- Authorized number of dealer license plates for applicable dealers;
- Copy of garage liability insurance signed by the garage liability insurance agent is required for all dealers listed above, except mobile home dealers not selling recreational vehicles. The requirements are:
- Independent dealers (VI), Auction dealers (VA), Wholesale dealers (VW) have the option to submit:
- A garage liability insurance certificate which shall include, at a minimum, $25,000 combined single-limit liability coverage including bodily injury and property damage protection and $10,000 personal injury protection; OR
- A general liability insurance policy coupled with a business automobile policy, which shall include, at a minimum, $25,000 combined single-limit liability coverage including bodily injury and property damage protection and $10,000 personal injury protection.
- All garage/general liability insurance certificates must include the number of dealer license plates authorized for the dealership by the insurance company.
- Signature of the garage liability insurance agent (electronic/facsimile signature is acceptable); and
- Name of the certificate holder which should read: Department of Highway Safety & Motor Vehicles, 2900 Apalachee Parkway, Room A312, MS# 65 Neil Kirkman Building, Tallahassee, Florida 32399.
7. OBTAIN A $25,000 SURETY BOND
Dealer will be required to Provide the DHSMV with the original surety bond form 86020 for motor vehicle dealers
SURETY BOND REQUIREMENTS NOTICE: The surety bond must be on the form provided by the State or use the EXACT LANGUAGE contained in the form provided by the State and written on the letterhead of the Surety Bond Company. Any changes in the language of the bond, addendums or conditions will be rejected. Original surety bond must be submitted with the application. The surety bond must have the following information:
- The exact business name and all fictitious names to be used by the dealership as it is registered with the Secretary of State. In the case of a sole proprietorship or a partnership the name of the owner(s), or partners must be listed on the surety bond (example John Doe d/b/a Sun Drop Auto Sales or John Doe and Robert Smith d/b/a Doe & Smith Auto Sales);
- The name of the surety bond company;
- The bond number must appear on the face of the bond;
- The amount of coverage;
- A motor vehicle dealer applicant shall provide a surety bond in the amount of $25,000. Form HSMV 86020, Surety Bond for Motor Vehicle Dealer;
- A mobile home dealer or mobile home broker applicant shall provide a surety bond in the amount of $25,000. A mobile home dealer with more than four supplemental locations must submit an original surety bond in the amount of $50,000. Form HSMV 86018, Surety Bond for Mobile Home Dealer;
- A recreational vehicle dealer applicant shall provide a surety bond in the supplemental locations must submit an original surety bond in the amount of $10,000. A recreational vehicle dealer with more than four supplemental locations must submit an original surety bond in the amount of $20,000. Form HSMV 86019, Surety Bond for Recreational Vehicle Dealer;
- The effective date;
- The expiration date;
- Signature of the surety agent or the attorney-in-fact;
- Address of the surety agent; Instructions to Form 86056 - Page 7 Instructions to Form 86056 - Page 8
- Complete address of the surety agent;
- Telephone number of the surety agent.
- Typed name of the surety agent;
- Name of the dealership;
- Signature of the principal of the dealership (original signature or facsimile signature);
- Name of the surety bond company;
- Address of the surety bond company;
- Telephone number of the surety bond company; and
- The surety bond must have the surety bond company seal or stamp or an electronic seal.
- *NOTE: A power of attorney for the Attorney-in-Fact must accompany the bond.
If providing a line of credit rather then Surety Bond , Dea ler must Submit an irrevocable letter of credit in lieu of the surety bond for motor vehicle dealer applicants.
- A surety bond or an irrevocable letter of credit prescribed by Section 320.27(10), F.S., in the amount of $25,000. An irrevocable letter of credit must be issued by a bank authorized to do business in this state.
The following items are required on the irrevocable letter of credit:
- The exact business name and all fictitious names to be used by the dealership as it is registered with the Secretary of State. In the case of a sole proprietorship or a partnership the names of the owner, or partners must be listed on the surety bond (example John Doe d/b/a Sun Drop Auto Sales or John Doe and Robert Smith d/b/a Doe & Smith Auto Sales);
- The name of the bank;
- The number assigned by the bank;
- The effective date;
- The expiration date;
- Signature of the bank officer;
- Title of the bank officer;
- Name of the bank;
- Address of the bank;
- Telephone number of the bank;
- Name of the dealership;
- Signature of the principal of the dealership (original signature or facsimile signature);
- Typed or printed name of the principal;
- Address of the dealership; and
- Seal of the bank or stamp or an electronic seal.
SURETY BOND REQUIREMENTS NOTICE: The surety bond must be on the form provided by the State or use the EXACT LANGUAGE contained in the form provided by the State and written on the letterhead of the Surety Bond Company. Any changes in the language of the bond, addendums or conditions will be rejected. Original surety bond must be submitted with the application. The surety bond must have the following information:
- The exact business name and all fictitious names to be used by the dealership as it is registered with the Secretary of State. In the case of a sole proprietorship or a partnership the name of the owner(s), or partners must be listed on the surety bond (example John Doe d/b/a Sun Drop Auto Sales or John Doe and Robert Smith d/b/a Doe & Smith Auto Sales);
- The name of the surety bond company;
- The bond number must appear on the face of the bond;
- The amount of coverage;
- A motor vehicle dealer applicant shall provide a surety bond in the amount of $25,000. Form HSMV 86020, Surety Bond for Motor Vehicle Dealer;
- A mobile home dealer or mobile home broker applicant shall provide a surety bond in the amount of $25,000. A mobile home dealer with more than four supplemental locations must submit an original surety bond in the amount of $50,000. Form HSMV 86018, Surety Bond for Mobile Home Dealer;
- A recreational vehicle dealer applicant shall provide a surety bond in the supplemental locations must submit an original surety bond in the amount of $10,000. A recreational vehicle dealer with more than four supplemental locations must submit an original surety bond in the amount of $20,000. Form HSMV 86019, Surety Bond for Recreational Vehicle Dealer;
- The effective date;
- The expiration date;
- Signature of the surety agent or the attorney-in-fact;
- Address of the surety agent; Instructions to Form 86056 - Page 7 Instructions to Form 86056 - Page 8
- Complete address of the surety agent;
- Telephone number of the surety agent;
- Typed name of the surety agent;
- Name of the dealership;
- Signature of the principal of the dealership (original signature or facsimile signature);
- Name of the surety bond company;
- Address of the surety bond company;
- Telephone number of the surety bond company; and
- The surety bond must have the surety bond company seal or stamp or an electronic seal.