How many cars can you have in your name? There are no outright limits on the number of cars that can be registered under your name, but there are some rules about how many cars you can sell in a given month or year. Rules vary by state, but, in general, if you plan to sell more than two cars per year, you may need to look into filing for a car dealer license.
How Many Cars Can You Have in Your Name?
There is no limit to how many cars you can buy or own at one time. And there is no limit on the number of cars that can be registered under your name. As long as you pay the registration fees and have the appropriate insurance for all of your vehicles, you should be covered. If you’ve been parting out cars successfully and want to start doing more cars, or if you’re starting a car collection, you can comfortably own as many as you want.
Are You a Dealership?
If you are not just parting out cars or collecting cars, but, instead, are buying and selling vehicles outright, there are a few rules. Depending on where you live, if you sell more than a certain number of cars in a given time frame, you may need to apply for a car dealer license.
The rules on who and when you would need to file to become a dealership vary by state. But, in general, selling more than two cars per year means you should look into it. DMV.org has a detailed list of the rules for each state. There are different types of dealership licenses and the specifics vary wildly by state, so your best course of action is to check with your state Department of Motor Vehicles.
If your goal is flipping cars, it may be legal to “float titles.” This means you buy a car without signing your name to the title and then sell it to someone who then signs the title, which legally bypasses you as the seller. This practice is not legal in all states. For more information, see our article: Flipping Cars for Profit: Your How-To Guide.
There is no limit on the number of cars that one person can own, but there are some strict rules on the number of cars you can sell in a time period. These rules all depend on the state you live in and the type of cars you want to buy and sell, so make sure you are following all of your local laws by checking with the Department of Motor Vehicles in your state.