Financial statement: Current, accurate information is required. Follow instructions carefully. The Dealer Board requires a net worth of at least $50,000.  Download a Statement of Financial Condition.

Credit Bureau report: A credit bureau report will be obtained on every applicant. This report is an indicator of an applicant's financial fitness. The Dealer Board requires a credit score of at least 600. It is suggested that if you are not sure of your score that you contact Experian to run your own credit report. If derogatory information appears, it must be resolved or explained in an attachment to your application.

Background check: A background check will be done on every applicant. If the applicant has ever been arrested, charged with, convicted of or pled no contest to any felony or misdemeanor crime in the past ten years, excluding traffic violations, supporting court documents must be included with the application.

Place of business affidavit: Complete the appropriate sections and sign. Place of business for dealers must satisfy the following requirements:

• Permanent enclosed office with electrical service and restroom.
• Space to display one or more vehicles.
• Open to public a minimum of 12 hours a week.
• In compliance with local zoning.
• Used exclusively for the dealer business or incidental businesses, such as parts, repair, etc.
• Sharing the site with another business owned by another person is NOT permitted.
• A permanent sign displaying business name, clearly visible from the street.
• Premises owned or leased by dealer.

Wholesalers are not required to meet the place of business requirements, but must maintain an office in which all vehicle books and records are maintained.  Download a Place of Business Affidavit.

Written examination:  Mastery Exam - Must score 100% on open-book exam. Each owner or corporate member must have completed and submitted the "Mastery Test" or they must be currently licensed as a dealer or salesperson.

Business Documents: If filing as a corporation or an LLC a copy of the stamped articles of incorporation/LLC filed with the Colorado Secretary of State must be submitted. If the corporation is out-of-state a copy of the Certificate of Authority is required. If filing as a partnership a signed copy of the partnership agreement is required.

Franchise agreement: If applying as a franchised dealer please ensure that the manufacturer is licensed to do business in Colorado. You may ask for a copy of their license or contact our office. If the manufacturer is licensed you will need to obtain a letter from them stating that you are authorized to sell their product line.

Dealer plate affidavit: Application for dealer demonstration and full-use plates must be completed and signed.  Download a Dealer Plate Affidavit.

Colorado Sales Tax License: (Colorado Business Form) - Copy of the sales tax license or a copy of the sales tax application stamped with Dept of Revenue's "received" stamp as well as proof of trade name registration.

Fee: Check should be made payable to the Department of Revenue. Licensing fees are subject to change on July 1 of each year.

Bond: $50,000 surety bond in legal name and D.B.A. Bond must be an original bond, signed by owner or partner, corporate officer of LLC member.