* Valid Driver's License: You must have a valid driver's license from Tennessee or another state. It must be in your name and have a photograph.
* Proof of Residency: You must provide proof of residency in Tennessee. This could include a utility bill, lease agreement, or mortgage statement.
* Background Check: You will need to undergo a criminal background check. The background check will be performed by the Tennessee Highway Patrol (THP).
* Surety Bond: You must obtain a surety bond in the amount of $10,000. The surety bond will protect consumers from financial loss if you fail to fulfill your obligations as a wholesale auto dealer.
* Dealer's License Application: You will need to complete and submit a Dealer's License Application to the Tennessee Department of Revenue (TDOR). The application fee is $200.
* Dealer's Plate Application: You will need to complete and submit a Dealer's Plate Application to the TDOR. The application fee is $10.
* Proof of Insurance: You must provide proof of insurance for your business. The insurance must cover liability, property damage, and worker's compensation.
