Flipping Cars in California without a California DMV Dealer License!
As of October of 2018, you are able to sell up to 5 vehicles per year as a private party.
That means no licenses needed, dealer education, sales taxes paid, etc if you only want to sell 5 cars per year.
How many cars can I sell without a license?
Answer: The law pertaining to a “dealer license” talks about the limit of vehicles a person can sell without needing that license. Minnesota State Statute 168.27 sub. 8 says; “A person is limited to the sale, purchase, or lease of not more than five motor vehicles in a 12-month period.
How many cars are sold in California each year?
New vehicle registrations reached 2.047 million units in 2017, down from 2.088 million in 2015, which was one of the strongest years ever recorded by the California New Car Dealers Association (CNCDA), which releases sales figures each quarter. About 2.01 million cars and trucks are expected to be sold this year.
Do you need a license to flip cars?
Can I sell a car for a family member without getting a dealer license? Yes, as long as you have the paperwork and permission to do so. Some states might require you to get a Limited Power of Attorney before selling the vehicle.
Photo in the article by “Flickr”