What Is The Difference Between A Retail And Wholesale Auto Dealer’s License?

When choosing to apply for an auto dealer’s license, there are two main options that are available in terms of specific licenses. One is for a retail dealer’s license while the other is for a wholesale one. For people who are new to the industry or haven’t given the idea of licensing much thought, it can sometimes be confusing to know which of these two options is the one that they are looking for. Although you can get assistance with acquiring either type of auto dealer’s license, it is important to understand the differences so you know which one you want.

Where To Sell

The main difference between a retail and wholesale dealer license is where you will be buying and selling the automobiles. If you want to sell vehicles directly to the public, then the retail programs are ideal. That is because in order to sell any automobile to the public you will need the specific retail dealer license. If you do not plan to sell to the public and instead are interested solely in buying and selling to and from other dealers at dealer-only auctions, then the wholesale auto dealer’s license is the better option.

Access To Auctions

No matter which option you select, you will have a dealer’s license and this will give you access to the auctions that are set up only for dealers. These auctions allow you access to special rates as well as other features. They will also give you the opportunity to make important business connections with other dealers who work with similar types of automobiles.

Time

If you choose to get your auto dealer’s license on your own, it can take several weeks no matter whether you are getting a retail or wholesale license. If, however, you work with a company through a shared licensing program instead of applying for a retail license on your own, you can get access to the dealer-only auctions in just 5 days. The actual process of acquiring a wholesale dealer license takes a bit longer (generally between 4 and 6 weeks with assistance to help speed up the process) but you should still be able to get access to dealer only auctions in around 5 days.

Investment

The process of getting a wholesale auto dealer’s license does cost more money than acquiring a retail dealer license and this is especially true if you are using a shared license program which can speed up the process and cut down on costs. This is simply because there are more requirements involved in getting a wholesale license. When getting the assistance of a firm to help you acquire your license, you will notice that there will be a difference in price depending on what type of license you require but that the difference is simply due to assistance in fulfilling all of the requirements, of which there are more for wholesale licenses.

More On Dealers License LLC

Dealers License LLC is a firm that is located in Greenville, S.C. and can help you get your dealer license no matter what state you are in. They can assist with retail or wholesale licenses which will allow you to attend and participate in dealer-only auctions. Additionally they offer a variety of 24/7 services to assist you including mentoring, marketing and coaching. If you would like more information, simply visit https://www.dlcnetwork.com/.

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