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Requirements for NC auto dealer?

I checked with the dmv website and saw a requirment that I would have to have $50,000 in the bank. Does anyone have any knowledge on this and is this a requirment that is thourghly enforced that I will not be able to get away from?

Are there different requirments for a wholesale dealer?

Here is the dmv link:

http://www.ncdot.org/dmv/forms/licensetheft/downlo...

3 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    Here are the requirements:

    Hawaiian shirt

    Gold chain with money sign emblem

    mustache (bushy)

    alligator boots

    dark sunglasses (big)

    stick of chewing gum

  • 1 decade ago

    i think thats it , if you need cars that are cheap then you should look at car auction , take a look at http://carauctions.deals-guide.com/

    Good luck in your business

  • 1 decade ago

    Should be cheaper.

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