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How many cars can you sell a year?

Discussion in 'The Hokey Ass Message Board' started by dannyego, Apr 8, 2011.

  1. dannyego
    Joined: Mar 12, 2008
    Posts: 1,387

    dannyego
    Member

    So I kinda go through cars like water, and usually sell about three a year. I heard somewhere along the line you can only sell a certain number a year without being a dealer. Is there any truth to this? I don't want uncle Sam knocking on my door for back taxes or something.
     
  2. It's not a federal thing as far as I know, it depends on your state.

    Just Call the DMV and ask, just don't give 'em your name or address!!!
     
  3. pug man
    Joined: Apr 9, 2007
    Posts: 1,010

    pug man
    Member
    from louisiana

    Good question, i would like to know the answer myself. I was once told you could sell 8 but i'm really not sure. I'll wait to hear from an "EXPERT"......
     
  4. Master of None
    Joined: Dec 18, 2009
    Posts: 2,279

    Master of None
    Member

    Depends from state to state I think. And your right I believe its 4 or 5 here in Iowa. They are starting to watch it a bit more, with more requirements and restrictions. My friend here in town let go of his dealer license for this reason(Was a Pontiac dealer till 80, then sold old Pontiac's till this last year.).
     

  5. Steves32
    Joined: Aug 28, 2007
    Posts: 1,280

    Steves32
    Member
    from So Cal

  6. SoCal Merc
    Joined: Jul 26, 2007
    Posts: 572

    SoCal Merc
    Member
    from SoCal

    Thanks for posting the link, Steves32. I guess I'm done selling cars for the year........
     
  7. arkiehotrods
    Joined: Mar 9, 2006
    Posts: 6,471

    arkiehotrods
    ALLIANCE MEMBER

  8. Squablow
    Joined: Apr 26, 2005
    Posts: 15,137

    Squablow
    Member

    Wisconsin says the limit is 5.

    Of course, they only have records of the ones that are titled in your name, not that I would ever sell a car that I hadn't transferred the title to my name nor would I suggest anyone else sell a car that way wink wink nudge nudge.
     
  9. slddnmatt
    Joined: Mar 30, 2006
    Posts: 3,682

    slddnmatt
    Member

    thats news to me, i still thought it was 3! i tried getting a dealers license when i was chasing down a truck my buddy wrecked that went to auction...they make that damn near impossible to obtain too!
     
  10. flynbrian48
    Joined: Mar 10, 2008
    Posts: 7,169

    flynbrian48
    Member

    I thought as long as you paid tax on 'em, as many as you could turn. But then, I'm no lawyer. My sister is, maybe she knows...
     
  11. dannyego
    Joined: Mar 12, 2008
    Posts: 1,387

    dannyego
    Member

    Hmmm... In Ohio you have to have a dealership in order to get a license. Bummer guess I'm stopping at 5, or they will go in my wifes name.
     
  12. 1oldracer
    Joined: Dec 3, 2010
    Posts: 195

    1oldracer
    Member

    Yes, it is a state to state thing. Here in Illinois it is 3 cars titled in your name.
     
  13. Doc.
    Joined: Jul 16, 2005
    Posts: 3,558

    Doc.
    Member Emeritus

    In La., 5 or more a year requires a dealer's license.

    Doc.
     
  14. Insane 1
    Joined: Feb 13, 2005
    Posts: 973

    Insane 1
    Member
    from Ennis TX

    You mean people really transfer these things...........
     

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