If you are looking to earn a bit of extra money and have a bit to invest, but not enough to purchase or rent a space, then you can still take advantage of an auto sales license. Instead of using the license to sell cars on a larger scale, you can instead keep a smaller number of vehicles on hand at a given time, such as between one and five so you never have to worry about renting somewhere to keep them and can save on overhead costs.
If you want to become even a small auto dealer, you will need a license however as most states have a restriction on the number of cars you can buy and sell within a year and even a smaller seller will exceed this limit.
How To Become A Small Auto Dealer
- No matter how many cars you want to sell, you will need to get an auto sales license. This is just as important if you plan on only having several cars at a time as if you plan on having dozens or even a hundred. Having a license will ensure that your business venture is completely legal so you will not experience any legal problems and your customers will be completely satisfied.
- Once you realize that you need to get an auto sales license, it is time to determine what the specific requirements in your area are. If you need help, there are various firms that will not only inform you of the requirements, but also help you ensure that you meet them and have the proper documentation and assist with every other step of the licensing process.
- Before your purchase your automobiles, you should figure out where you will store them. If you plan on only selling a few, you will most likely not need a car lot, but you will need to make sure that the cars are in a place that is visible to the public. If you are unable to find such a place, you can choose to park your cars near your home or other property and instead rely solely on the internet to make your sales, but this can be more challenging.
- If your cars will be sitting outside and not in a garage of some sort, you should strongly consider purchasing covers or some sort of protection for them to ensure that they stay in top shape while waiting to be sold.
- Once you are ready, you can go to dealer-only auctions or even public auctions to find cars that you wish to buy. Depending on your preferences, you may also want to interact with private individuals selling their cars, but this is up to you.
- After you have your cars, you need to start advertising for them and ideally you should do so with signs in your area as well as online listings. Consider making your own website which should not be very expensive but is a good way to get recognized and list your cars.
About Dealers License LLC
The firm Dealers License LLC is based in Greenville, South Carolina and can help you obtain an auto sales license that will allow you to buy or sell automobiles at auctions and other locations. You will also have 24/7 access to coaching, marketing assistance and mentoring. If you are interested in learning more, visit https://www.dlcnetwork.com/.