1. Apply online. Complete and submit the NJMVC Motor Vehicle Dealer Application (Form MV-1).
- Include your full legal name, business address, and contact information.
- Enter your business type as "Wholesaler MVD."
- Provide details about the vehicles you will sell, such as the types and number of vehicles.
- Disclose any criminal convictions or bankruptcies related to your business.
2. Pay the application fee. The non-refundable application fee is $100. You can pay online using a credit/debit card or check/money order.
3. Submit supporting documents. Along with your application, you must provide various documents to support your application:
- Proof of legal entity: This can include a copy of your business registration or incorporation papers.
- Ownership documentation: If you are not the sole owner of the business, you must submit a list of all owners and their respective ownership percentages.
- Proof of financial responsibility: Provide evidence that you have insurance coverage meeting the minimum requirements set by the NJMVC.
- Sales tax documentation: Submit proof that you are registered to collect sales tax in New Jersey.
- Criminal history background check: Submit a completed Form MVC-182, Criminal History Statement, for each owner, officer, or partner of the business.
4. Pass the Motor Vehicle Dealer License Exam. You will need to pass a written exam that covers topics related to the motor vehicle industry in New Jersey. The exam fee is $50.
5. Receive your license. If your application is approved and you pass the exam, the NJMVC will issue you a Wholesale Motor Vehicle Dealer License. The license fee is $100 annually and must be renewed each year.
