If you want to sell a car in the US, it can be pretty easy: just go to eBay Motors, list it, and sell it. On the other hand, if you want to make a living by car sales, you’ll need to pass some tests, get a license and have your property inspected.
Securing a car sales license can be a daunting process. There are many applications to be filled and an exacting array of building requirements. Although it may sound too difficult, these lists are actually helping you to follow the requirements and finish the deal without having troubles with understanding the legal tone of dealership pages.
In short, there are three separate dealership categories: licensing requirements, dealer forms and dealer-related information. You can learn about each state’s dealership building requirements at the DMV’s website. These requirements are about the size of the street signs, size of display lots, number of phone lines and the posting of operating hours. You will also find that, for example, Pennsylvania requires a minimum of five different applications, and North Dakota only requires one.
Also, at the DMV’s website you will find applications forms you can download, including bill of sale and odometer disclosure statements, deadlines, fees, renewals, temporary permits, without having to track them down at the DMV’s office.
You will have to start with choosing your state and reading the lists of information. Most states require that you pass the DMV test to get a car dealer license, set up a properly zoned location and get the location approved by the DMV inspector. After that, you should contact your local DMV and receive information and paperwork to fill out. But before you can buy and sell cars, you will need several other things such as a business license, a business plan (ideally, you will make this for yourself ), but also, you should apply for a surety bond and pass a background check. Most states and most bonding companies will want to know if you have a solid financial history and no crimes in your past.
Once you obtain a dealership license you immediately face a set of rules and regulations. Therefore, you will need to read a dealer-related page of current state legislation laws regarding dealership business practices. You will find information about Lemon laws, misleading advertising, pricing, documentation fees, warranty agreements and more.
It is very important to know these regulations because it is good for your business. Those regulations are written concisely so you will not need an attorney to translate the important parts for you.
Lastly, if you really want to become a car dealer, you should start small and keep the costs minimal. It has been said that the most successful car sellers focus on buying one vehicle at a time in the beginning, and maintain a side income until they gain more experience and wealth.
Information on Dealers License, LLC
Dealers License, LLC is based in Greenville, South Carolina and helps clients across the country acquire their dealer license. They can assist you whether you are looking for a wholesale or retail dealer license, either of which allow you to access the dealer-only auctions mentioned above as well as buy and sell within the company’s retail network. They will also help you 24/7 with marketing assistance, mentoring and coaching. If you would like to learn more, check out: https://www.dlcnetwork.com/.