Todd Bryant is a graduate of Germantown Academy and the University of Pittsburgh College of Business Administration Honors College.
He has been President of Bryant Surety Bonds, Inc., an A+ rated Business with the Better Business Bureau, since 2007. Licensed as a producer with the Department of Insurance, he has been published in the National Association of Surety Bond Producers newsletter and on numerous authoritative publications such as The Washington Post, Entrepreneur.com, Azcentral.com and many more.
Yes, to open a used car dealership in Texas you need to carry Garage Liability Insurance with a minimum coverage of $85,000 Combined Single Limit. This insurance protects against bodily injury or property damage resulting from incidents related to dealership operations, such as accidents during test drives.
While not legally required, many dealers also choose to carry additional coverage, such as inventory insurance, workers’ compensation, and others, to better protect their business.
If you want to sell boats in Texas, you do not need a traditional Texas dealer license issued by the Texas Department of Motor Vehicles (TxDMV). Instead, boat sales are regulated by the Texas Parks & Wildlife Department (TPWD).
To legally sell boats in Texas, you will need to apply for a Boat (Marine) Dealer/Distributor License through TPWD.
For more details and application requirements, visit the TPWD website.
No, you can’t. Each state has its own licensing requirements.
If you plan to sell or buy vehicles in Texas, you will need to obtain a Texas dealer license that aligns with your business activities.
Under Texas law, any individual or business that buys, sells, or exchanges more than five vehicles registered in their name within a calendar year — or sells even a single vehicle not titled in their name — must hold a valid Texas dealer license.
Before applying for your dealer license, it’s essential to determine the type of vehicles you plan to sell. In Texas, different dealer licenses come with specific permissions and restrictions.
In general,
– Wholesale Dealer License – Allows you to sell vehicles to other licensed dealers but not directly to the public.
– Wholesale Motor Vehicle Auction License – Permits offering vehicles for auction exclusively to licensed dealers.
– Salvage Dealer License – Authorizes the buying, selling, repairing, or rebuilding of salvage and nonrepairable motor vehicles.
If you intend to sell multiple types of vehicles, you may need a separate General Distinguishing Number (GDN) for each category. Some licenses, such as the Salvage Agent License, require either selecting an existing GDN or applying for one as part of the licensing process.
Great information shared thanks for it US Dealer Licensing from the same field who helps in your dealer licensing service.
Thank you for the feedback!
Good morning
Do you need insurance to open a used car dealership in Texas?
Yes, to open a used car dealership in Texas you need to carry Garage Liability Insurance with a minimum coverage of $85,000 Combined Single Limit. This insurance protects against bodily injury or property damage resulting from incidents related to dealership operations, such as accidents during test drives.
While not legally required, many dealers also choose to carry additional coverage, such as inventory insurance, workers’ compensation, and others, to better protect their business.
It’s also important to note that the required surety bond is not the same as insurance.
For an even more detailed explanation, check out our free ebook guide: How to Start a Car Dealership in Texas.
How do I get boat dealers license
If you want to sell boats in Texas, you do not need a traditional Texas dealer license issued by the Texas Department of Motor Vehicles (TxDMV). Instead, boat sales are regulated by the Texas Parks & Wildlife Department (TPWD).
To legally sell boats in Texas, you will need to apply for a Boat (Marine) Dealer/Distributor License through TPWD.
For more details and application requirements, visit the TPWD website.
Can Georgia Dealer License by used here in Texas to Sell and Purchase???
No, you can’t. Each state has its own licensing requirements.
If you plan to sell or buy vehicles in Texas, you will need to obtain a Texas dealer license that aligns with your business activities.
Under Texas law, any individual or business that buys, sells, or exchanges more than five vehicles registered in their name within a calendar year — or sells even a single vehicle not titled in their name — must hold a valid Texas dealer license.
I really need one. Whole sales or savage license.
Before applying for your dealer license, it’s essential to determine the type of vehicles you plan to sell. In Texas, different dealer licenses come with specific permissions and restrictions.
In general,
– Wholesale Dealer License – Allows you to sell vehicles to other licensed dealers but not directly to the public.
– Wholesale Motor Vehicle Auction License – Permits offering vehicles for auction exclusively to licensed dealers.
– Salvage Dealer License – Authorizes the buying, selling, repairing, or rebuilding of salvage and nonrepairable motor vehicles.
If you intend to sell multiple types of vehicles, you may need a separate General Distinguishing Number (GDN) for each category. Some licenses, such as the Salvage Agent License, require either selecting an existing GDN or applying for one as part of the licensing process.
For a more detailed guide, check out our free ebook, How to Start a Car Dealership in Texas, here: https://www.bryantsuretybonds.com/how-to-start-a-car-dealership-in-texas-ebook. Additionally, I recommend reviewing the Texas DMV’s eLicensing User Guide for step-by-step instructions: https://www.txdmv.gov/sites/default/files/body-files/eLICENSING-UserGuide_Independent-GDN-Licensees.pdf.
Hope this helps, and best of luck with your dealership journey!
I’m planning on opening my dealership soon. ! Is the $50K bond paid each year?
The bond is issued for the same term as the duration of the license, which is two years. I hope it helps.