Do you want to open a car dealership in Wyoming? You will need to get a Wyoming dealer license from the state Department of Transportation (DOT).
There are several different dealer license types in the state but the licensing requirements for them are largely the same. They include securing a dealership location, getting a sales & use tax license, a Wyoming auto dealer bond, and several others.
Keep reading for a detailed walkthrough of how to get a Wyoming car dealer license!
The state DOT issues 4 different types of dealer licenses. These are:
- New Vehicle Dealer
- Used Vehicle Dealer (selling less than 12 vehicles per year)
- Used Vehicle Dealer (selling more than 12 vehicles per year)
Before you move forward with the dealer licensing process, you need to register with the Secretary of State and the Department of Revenue (DOR).
To get started with your business registration, go to the Secretary of State website and follow the instructions. The registration fee for a limited liability company or a profit corporation is $100. If you file online, you will also need to pay a convenience fee of $2.
For your sales & use tax application, visit the DOR website and complete the application form. You will need to pay a $60 non-refundable application fee for your tax license.
Finally, you also need to apply for a Federal Employer Identification Number (FEIN) from the Internal Revenue Service (IRS). This is required for tax purposes.
All Wyoming auto dealers must comply with the following requirements for their dealership location:
- The dealership must be located in a permanent structure which is not primarily used as a residence
- The dealer must occupy the place on a continuous basis – or provide a separate written notice if this will not be the case
- Daily records of inventory must be stored at the dealership
- There must be enough space to display at least 5 vehicles (for dealers selling 12 or more vehicles per year)
- An exterior sign that indicates the type of the business must be permanently displayed; The sign must be clearly visible from the road
- The dealership must have a landline telephone that is located inside and its number must be listed in the phone book
- The place of business must comply with all city or county zoning requirements; A letter of approval that the location is approved for the sale of vehicles is also required
- The property must be leased or rented
All dealership owners must complete the License Background Check Questionnaire.
Wyoming auto dealers must also have their fingerprints taken at the local law enforcement agency. You must submit two blue fingerprint cards – the State-Non Criminal and the Federal Criminal card.
Typically, fingerprints are submitted along with the license application. Due to the time it takes to process them, you can submit them earlier. When submitting them, you must include a $39 processing fee in certified funds, made payable to ‘Attorney General – DCI’.
All Wyoming dealer license applicants must obtain a $25,000 Wyoming auto dealer bond. This bond guarantees that dealers will comply with the provisions of the Wyoming Statutes.
Note: Make sure that your bond is not executed until your license application is approved by the DOT.
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You can now proceed with completing the vehicle dealer application form MV-422.
Applicants for a Wyoming auto dealer license must fill out sections 1-4 and 6-8, whereas applicants for a manufacturer license must fill out sections 1-3 and 5-8.
You also have to attach the following supporting documentation to your application before you submit it to the DOT:
- A copy of your business registration documents
- IRS documentation of your FEIN
- A copy of your sales & use tax from the DOR
- Color photos of your dealership building sign, and display area; dealers who sell less than 12 vehicles per year must only provide photos of their building and sign
- Proof of compliance with zoning provisions and written approval
- A copy of the lease or rental agreement for the dealership
- Background check questionnaire
- Copies of franchise or dealer sales and service agreements (for new dealers only)
When you’ve assembled all the necessary documents, mail your application packet to the DOT at the following address:
ATTN: Motor Vehicle Services
5300 Bishop Blvd.
Cheyenne, WY 82009-3340
You must also include a licensе fee when submitting your application.
- All dealers who sell more than 12 vehicles per year and all manufacturers must pay a license fee of $100
- All dealers who sell fewer than 12 vehicles per year must pay a license fee of $25
Once you are licensed, you can obtain a demo/manufacturer or full use plates. For the former, you must pay a $25 fee, and for the latter – a $125 fee.
Dealers who sell fewer than 12 vehicles are only allowed to have 1 demo plate, and cannot get a full use plate.
Licenses for both dealers and manufacturers are valid for one year. The effective and expiration dates of your license will correspond to the dates of your surety bond.
You must renew your license and bond prior to their expiration. To learn more about the renewal process, contact the Wyoming DOT at (307) 777-4375.