SCDMV adjusting days of operation at 22 branches and extensions for CDLs and CLPs issued.SCDMV branches adjust days of operation
Licensed motor vehicle dealers must meet all the previously listed criteria to pass inspection. Because licensed wholesalers cannot sell vehicles to individuals, they are not required to maintain a permanent place of business and lot or to display a sign. However, wholesalers are required to house their records at the location indicated on their application and license.
The building structure requirements are below. Wholesalers are exempt from these requirements:
The Licensing of Retail and Wholesale Dealers and Wholesale Motor Vehicle Auctions (SCDMV Procedure DE-004) procedure has more information.
There are substantial restrictions for licensing a building that contains more than one business or entity. If you are considering licensing a building that is shared by other businesses or entities, a pre-inspection is required. Contact Dealer Licensing at 803-896-2611 to reach your local agent and request a pre-inspection prior to making a commitment for a shared building.
Federal Law requires that every used vehicle for sale on a dealer lot must have a completed Buyer's Guide Form in the window. This form indicates whether or not the used vehicle is being sold under warranty or "As Is" without a warranty. When the vehicle is sold, a copy of the form must remain with the dealer's records and a copy must be given to the customer buying the vehicle. The purchaser should sign both copies.
You may find more information from the National Independent Automotive Dealers Association - A Dealer's Guide to the Used Car Rule.
Every dealer is required to keep complete records of each transaction in which a motor vehicle is sold or transferred. These records must be maintained for five years from the date of the transaction. To be accurate and complete, these records must reflect all of the following:
The SCDMV requires that these records be available for inspection and copying by an SCDMV agent during normal business hours.
Your records must be maintained in a reasonable and orderly manner. All entries should be legible to the ordinary person upon inspection. If your records are not kept in this fashion, you could be penalized during an inspection.
Any dealer or wholesaler who fails to keep the required records or fails to make them available upon inspection is guilty of a misdemeanor. Upon conviction, the dealer or wholesaler may be fined up to $200 or imprisoned for up to 30 days.
As a retail dealer, you must collect sales tax on any sale. You can obtain your required sales tax number from the Department of Revenue. For each sale, you must complete the Title Application (SCDMV Form 400) and indicate your dealer license number and sales tax number on the form.
Licensed motor vehicle dealers must meet all the previously listed criteria to pass inspection. Because licensed wholesalers cannot sell vehicles to individuals, they are not required to collect sales tax and therefore are exempt from this requirement. Wholesale dealers must obtain a tax exemption certificate from the SC Department of Revenue.
Displaying Your Dealer or Wholesaler License
Once you receive your motor vehicle dealer or wholesaler license, you must display it in a prominent place in your business.