Used Vehicle Dealer (Auto)Agency: Insurance and Financial Services
Required State License(s):
The Michigan Department of State's Business Licensing and Regulation Division (BLRD) licenses and regulates Michigan's new and used motor vehicle dealers. For more information visit the Department of State Web site www.michigan.gov/sos or call 1-888-SOS-MICH (888-767-6424).
Other Possible License(s):
If an auto dealer finances all purchases, the dealer should be licensed as an Installment Seller of Motor Vehicles with the Department of Insurance and Financial Services; 877-999-6442 or visit the website at: www.michigan.gov/difs.
For Installment sales of other products, no license is required, but certain limits apply about the rate of interest that may be charged. Contact the Department of Insurance and Financial Services at 877-999-6442 or visit the website at: www.michigan.gov/difs.