To qualify for a wholesale dealer license you must meet all of the following requirements: A permanent business location with an indoor office space. An outdoor vehicle display lot adjacent to the business office, unless all vehicles will be displayed outdoors. A $25,000 surety bond or irrevocable letter of credit.. Forms to apply for a wholesaler dealer license: Wholesale Two-Year License Application MV2860 . Entity/Owner Statement MV2844 (If your business has more than one owner, print and submit a form for each owner, partner, LLC member or manager, corporate officer or shareholder. Wholesale Business Facilities Statement MV3188. "/>Car wholesale license