Bond requirements. New and used car dealers must provide bond based on number of sales and must have real estate value of not less than $5,000 or more than $15,000.

Dealers selling 12 or more cars in a year must be licensed. License renewals are on a staggered basis. A Dealer Audit is conducted by State In­spectors for approval of license renewal.

Dealer License Fee: $375.00 for new and used automobile dealers (5 plates)