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Vehicle: 2003 VW Passat
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Vehicle: 2002 Ford Expedition EB
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Vehicle: 2002 Hyundai Elantra
Book Value: $9,975
Purchase Price: $475
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i recently opened up a used car dealership, and i was wondering if there was somewhere i could get info as to how to buy cars from private sellers, or what type of records should be kept, where to get "drive away temporary tags for buyers" or even where the best dealer only auctions are?
Satan.. where do you get the idea that i am 18? Im 20, and your entitled to your opinion as to whether you think im capable or not. I have financial backing from an endeavor i started in high school. Anyhow, how do you get the idea that i recently bought a car at auction? and that money is tight?

To clear things up, i just passed the Ohio physical inspection, and will be opening up in a few weeks when i get the plates and tags. I come to find out that this info comes in a packet when you pass the inspection. Thanks to the people who actually gave a decent answer.
Just cause i bought a car and wanted to sell it doesnt mean that money was tight. And the 18 was my girlfriend/fiances age at the time, and we were asking for her parents sake. Maybe you should do what the site is intended for… answer questions not give your opinion and call me a liar because i happen to recently buy a house and start a dealership at age 20. I know its not typical but no need to blast someone for no reason

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4 Comments »

  1. what state is this in/need more info because this cant be nj or ny/they have rules for temps and records/and sales tax and other stuff

    Comment by ken k — March 24, 2011 @ 4:16 pm

  2. the drive away tags u got to contact ur dmv… i think u have to sell so many cars in a 6 month period to get those….and as far as buying cars from private sellers…just get the title and fill out a bill of sale and keep it (think u need to keep it for at least 5 years) ….as far as "dealer only" auctions…unless u have a lot of money to spend wich u prolly dont since u jsut opened ur business…then they rnt gonna help u much……

    and btw u have to have dealer license to get in them anyway….wich i dont think u do since u dont have the info on dealer tags and temp tags…

    Comment by Karle — March 24, 2011 @ 4:16 pm

  3. Sounds like you didn’t do much research before you went into the business. I recommend contacting the DMV for your state and ask all the questions regarding tags and such. In regard to the auction question, do a google search for your area and ask some of the other dealers around you.

    Comment by Otto — March 24, 2011 @ 4:16 pm

  4. If you truly opened a car dealership without this information you are soon to be out of business. This is Car Dealer 101. You cannot possibly have a real store if you do not know these things.

    Plus, since you just turned 18 ( http://answers.yahoo.com/question/index;_ylt=AmoGnI_SBpjE02ppv5hwsVDty6IX;_ylv=3?qid=20090610204533AAds12T ) You cannot possibly have the backing to get into this. Especially since you just bought a car at a dealer last month and money soon got tight: http://answers.yahoo.com/question/index;_ylt=Am3c708UfCZGSbP50kb8D9Hty6IX;_ylv=3?qid=20090904075122AAZRfMT

    I smell something that came from the posterior of a male bovine.

    Comment by xx_satanic_mechanic_xx — March 24, 2011 @ 4:16 pm

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