Obtaining a dealer's license in Virginia involves several fees, primarily an application fee of $225 and a registration fee of $325 for the knowledge exam. These are the core costs for most aspiring auto dealers in the state.
Breakdown of Virginia Dealer License Costs
The primary expenses for a Virginia dealer license are straightforward, but it's important to understand each component.
- Application Fee: This is a non-refundable fee required when you submit your initial application for a dealer license.
- Knowledge Exam Registration Fee: This fee covers the cost associated with registering for and taking the mandatory knowledge exam, which assesses your understanding of Virginia's dealer laws and regulations.
- Additional Fees: Depending on your specific business structure and needs, you might incur other costs.
Here's a detailed look at the typical fees:
| Fee Type | Amount | Description |
|---|---|---|
| Application Fee | $225 | Required when submitting your dealer license application. |
| Knowledge Exam Registration Fee | $325 | Covers registration for the mandatory dealer knowledge exam. |
| Extra Background Check (per check) | $10 | Applicable if additional background checks are required. |
It's important to note that the total cost can vary as additional fees may apply depending on your specific business requirements and the type of dealership you intend to open. For instance, specific endorsements or certain business structures might lead to other associated costs beyond these core fees. Always consult the Virginia Department of Motor Vehicles (DMV) for the most current and comprehensive fee schedule.
