Hawaii Dealers Licenses are regulated by the Hawaii Motor Vehicle Industry Board in Honolulu, Hawaii.
To find out how to get an Hawaii Dealer License, you can call the Hawaii Motor Vehicle Industry Board at 808-586-3000 or follow the Hawaii Motor Vehicle Dealer License Steps below. To learn about Hawaii Dealer Federal Requirements, order your ADTA Dealer Ethics, Profit, and Compliance Manual.
To obtain a Hawaii Dealers License you must first request a Hawaii Dealer License Application packet. This packet contains all the forms necessary to obtain your HI Dealer License. Just call 808-586-3000 to have a Hawaii Dealer License application sent to you.
Yow will need a business building before you can obtain a Hawaii Dealer License. Your building must have an office, a sign with your dealership name displayed prominently, and restrooms for your customers. The Hawaii Motor Vehicle Industry Board only allows one Hawaii Dealer License per address. You may not have two separate Hawaii Dealers Licenses at one location.
The Hawaii Motor Vehicle Industry Board requires all Hawaii Motor Vehicle Dealers to have a display lot with room for 3 or more vehicles. Your display lot needs to be visible from the nearest roadway and you may not sell other dealers vehicles on your lot. Only your inventory can be sold on your Hawaii dealer lot.
The Hawaii Motor Vehicle Industry Board requires you to show proof that you own or lease the property for your Hawaii dealership. If you lease the property, the lease must not expire before the expiration of your Hawaii Dealers License. You must include a copy of your lease agreement or proof of ownership in your HI Dealer License packet. If you sublease the property you must also include a copy of the sublease.
The Hawaii Motor Vehicle Industry Board requires you to show proof of a line of credit before you are issued a Hawaii License. You must be able to obtain a line of credit from an approved lending institution such as a bank or any institution that is Federally insured with a net worth of at least $50 million. A new motor vehicle dealer must show proof of a $500,000 line of credit. A used motor vehicle dealers or a motorcycle dealer must show proof of at least $50,000 in credit. The Hawaii Motor Vehicle Industry Board wants to make sure you are in the business of selling motor vehicles and not just getting Hawaii dealer plates to avoid paying taxes. Be sure to include a copy of your line of credit in your Hawaii Dealer License Application.
You must obtain a Hawaii Dealer Surety Bond before you are granted a Hawaii Dealers License. You can get a quote on a Hawaii Dealer Bond from most licensed Hawaii insurance agents and the pricing is based on your credit scores. Good credit scores will allow you to purchase a Hawaii Dealer Bond for about $175 per year. If you have bad credit your Hawaii Dealer Bond may cost much more. Dealer Bonds protect Hawaii customers from fraudulent dealers. If you operate your Hawaii Dealership with complete integrity, you will never have to cash in your HI Dealer Surety Bond.
You must include a financial statement that is less than one year old in your Hawaii Dealer License application packet. Your financial statement must be signed by a currently licensed Certified Public Accountant. If you have multiple partners, each partner must submit a current financial statement. The Hawaii Motor Vehicle Industry Board wants to make sure that you are in good financial health before granting you a HI Dealer License.
If you are incorporating, the Hawaii Motor Vehicle Industry Board requires you to include your articles of incorporation with your dealer application packet. If you are using a trade name, you must show proof that you have filed the trade name with the Hawaii Business Registration Division. For more information just call 808-586-2727.
You must include a self inspection report with your dealer license application. A self inspection report is a document you can write that includes a description of your licensed location along with a drawing of your location. You will also need to show measurements of the lot and the building on your self inspection report. Be sure to also include where your restrooms are located.
You will need to include a photograph of your business. The Hawaii Motor Vehicle Industry Board wants to know what your location looks like. You will need a separate photograph for your display area, your sign, your office, and your restroom. Be sure to include all photographs in your Hawaii Dealer packet or you can hold up your Hawaii Dealer License process from 5 to 7 weeks.
The Hawaii Motor Vehicle Industry Board requires you to send in the correct Hawaii Dealer License fees before you obtain your Hawaii Dealer License. The Hawaii Dealer License fees vary greatly, so you should call 808-586-3000 to find out your exact HI Dealer License fees. If you write your check for the wrong amount, it will hold up your Hawaii Dealer Licensing process substantially. Be sure to call the Hawaii Motor Vehicle Industry Board before mailing your application packet. To follow all Federal Dealer Regulations in the ADTA Dealer Manual.
Before you mail your Hawaii Dealers License application, be sure to call 808-586-3000 to make sure you are including all the required documents and proper licensing fees.
Mail Hawaii Dealer License Documents to:
Motor Vehicle Industry Board
DCCA, PVL Licensing Branch
P.O. Box 3469
Honolulu, Hawaii 96801
or you can deliver your Hawaii Dealer License Documents to:
Motor Vehicle Industry Licensing Board
335 Merchant Street, Room 301
Honolulu, Hawaii 96813