question about selling cars

[ranj]

how many cars can you legally sell in one year.

i'm looking into starting a couple of projects with cars, you know fixing some up and reselling them for a profit.

any info would be greatly apperciated! lol

[quickdodge®]

From what I understand, you can sell as many as you want as long as you don't sell more than three at once. At that point, you will need to get a dealer's license. Later, QD.

[2.0civic]

i thought it was like 6 or 7 total a year before dealers license but hell im not sure. i know after my 6th one my senior year, i was told that i would have to start putting them in my parents name or pay a fuckload on taxes

[ranj]

cool, thanks guys. repped

anyone else got some for sure info?

[quickdodge®]

I have found out that it is 5 cars. Later, QD.

[ranj]

ohh damnit lol

thanks alot man appreciate it, would rep you more if i could

[rickgiblin]

i believe last time i looked into it, it was 6 cars per year per person...

[SL65AMG]

From what I understand, you can sell as many as you want as long as you don't sell more than three at once. At that point, you will need to get a dealer's license. Later, QD.

ive heard that you can only sell 5 or 6 a year that you get titled. after that you need a dealers license.

[95droppedhatch]

What I do is not out them in my name and get the person I am buying the car from not date it or anything just get them to sign it and leave it as a open title so it can be signed into the next owners name but I have heard it is 5 aswell but not sure

[fire7882]

You will be put in jail for skipping title if you are caught. The law technically states that you need a license if you plan on selling a car for profit, even if you only sell one a year, but they will start looking into your activities if you reach 5 a year.




What I do is not out them in my name and get the person I am buying the car from not date it or anything just get them to sign it and leave it as a open title so it can be signed into the next owners name but I have heard it is 5 aswell but not sure

[92mr2T]

I have found out that it is 5 cars. Later, QD.

+1

More than that legally you would need a dealers license.

[Sack Attack]

There is no "number" of how many you can do each year. you can do 2 or 200. If you are caught with an open title to a vehicle im sure you could get into some trouble. I have a friend that works at the hapeville dmv and he says that if your name appears a lot they might start looking and watching you if appears a lot of times in a small time frame.

[sagarchahal]

i think its 10

[ahmonrah]

it's 5 unless they changed the law recently. i've bought and sold that many in the past 2 years (2 the first year, 3 the following) and the max personal sales per year are 5, but that doesnt say that yo mamma, pops sister and brother can't sell them>! not that mine ever have....