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How to become a used car dealer ?
10th December 2009
I am working p/t and trying to struggle my way through college and saving some money on the side. I like selling things to make profit, what do I need to become a used car dealer ? I know I will have to rent a little parking lot or something and have the funds to buy some used cars to start but how can I get the used car plates, licenses and stuff ? Thanks!
Posted in: Auction FAQ | | Comments (3)
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In Texas you have to have to be bonded and apply for a license with the state, establish a place of business with signage with hours of operation posted. Apply and set up a state and local tax license. Off the top of my head these days I’d guess starting out cold a license would would cost 22 – 25 K. I parked mine with a friend of mine and run a couple of cars a year through it and keep dealer tags on my own cars.
Comment by mike c — December 10, 2009 @ 1:53 am
in order to get a dealers license you already have to have a place to sell the cars at. Next you have to get bonded and register at the auction houses
Comment by Roushed2 — December 10, 2009 @ 1:53 am
You will have to meet all the requirements in place where ever you are, which you didn’t mention.
Generally you need a piece of commercial property with an office at the very least.
Comment by oklatom — December 10, 2009 @ 1:53 am