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They have investigators who respond to complaints from the public. We need to understand terms. system Closed August 15, 2021, 6:43pm 4. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Can you kindly answer this below question that was asked by someone else. So the person selling the cars in the state without that states license is the loser. I simply want to sell them at a wholesale price and with an it is what it is mentality. They dont realize the average dealer is the small independent lot working hard to make it everyday. Good luck in getting it resolved. I was in the hospital for 12 days. Michael Thanks for your interest in the e-books. as you kow, you cannot sell cars to individuals. This lady saw that I had just came from my job at the hospital, saw an early twenties girl that was gullible and in a bad place, and had no qualms about selling and unsafe car to me knowing I would have a long drive home. I feel like Im somewhat backed into a corner as a flipper just because Im not trying to do this on a larger scale and make a career of it. Thanks for comment. Tax rules define flipping as "active income," and profits on flipped houses are treated as ordinary income with tax rates between 10% and 37%, not capital gains with a lower tax rate of 0% to 20%. Many do not but it may be an option you can exercise. He said the rule was made by the board and I could write a letter and he would present it to the board for review. You just sign a lease for your lot with the option, it is valid only after you receive approval for your license. Next question? The current Utah title is in the name of the dealer. First, you need to make sure that the car is actually owned by you. Don. Some states say absolutely ZERO. And finally, as the bonding requirement in AZ for a dealers license is 100k what would a general estimate of the bond cost be? Dealer or motor vehicle dealer means any natural person or entity that is engaged in the business ofbuying, selling, or dealing in motor vehicles. Research shows that up to one in five vehicles sold outside of licensed automotive dealerships are not legal private party car sales but are illegal sales of curbstoned vehicles. In Ohio, the last time I checked, you can buy and sell up to 5 cars a year without a dealer license. NO license plates? As I read the requirements in Utah, you can easily do what you want to do. Here is a website dealing with curbstoning. Just want to add that of course you would have to have the vehicle towed to your house if you didnt insure and register it, and only allow the potential buyer to test drive it in your backyard, but however no law saying you have to register a vehicle when you transfer the title in your name, so why do you keep repeating that people have to register vehicles they get to resell, it is not true.