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I am a wholesale dealer, do I need a finance license to do buy here pay here.

Answers from the Automotive Experts

Patricia Algier , Owner at Valley Dealer Exchange Inc Dear John, Laws are different in different states. Here in California you need a dealer license only. Check with the occupational unit of your state DMV. Patti http://www.valleydealer.com

Jessie L Thatcher, F&I and Sales Specialist at Reynolds and Reynolds Company  (Retired) You need to contact your local or state government offices as this varies by state. My guess it you will most likely need to get some type of vendors license to participate in this business. Most states require a dealers license when you intend to sell more than a designated number of vehicles in one year. You can start by contacting the attorney general's office in your state.

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