New Jersey Motor Vehicle Commission Business Licensing Services Bureau P.O. Box 171 Trenton, NJ 08666-0171 Phone: (609) 292-6500 ext.5014 STATE OF NEW JERSEY Enclosed are applications and supplemental forms necessary to apply for a motor vehicle leasing license. If you lease vehicles for a period of 120 days or more you must be licensed. Each applicant for a motor vehicle leasing license shall have established and maintained a place of business at the time such license is issued. An established place of business must have an exterior sign and be in conformance with all municipal requirements. No license approval will be granted when the applicant intends to use the premises of a currently licensed dealer or the premises of the proprietor of an allied business. A licensed motor vehicle leasing firm is restricted to the leasing of motor vehicles and may only sell leased vehicles to the vehicle lessee, a family member of the lessee, an employee of the lessee or at wholesale to another dealer. When all investigations are concluded and the applicant approved, a certified check or money order will be requested, as well as a current insurance certificate reflecting liability coverage in the minimum amounts of $100,000/$250,000 bodily injury and $25,000 property damage for all owned or fleet vehicles. Such insurance certificate must contain a 30-day cancellation clause. In addition to the above, the leasing company must provide a surety bond in favor of the State of New Jersey in the amount of $10,000. The bond must be executed by a surety company authorized to transact business in the State. The bond must be for a 12-month term and must be renewed at expiration for successive 12-month periods. The fee for the license is $100 plus an additional fee of $257.50 for one set of registrations and five license plates. If you have any questions, please call (609) 292-6500 ext.5014. Thank you for your cooperation in this endeavor. 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