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Although automobile sales experience is desirable, salespeople who have sold other big-ticket items, such as boats or expensive jewelry, may also be prospects.
You’ll need a general distinguishing number, which identifies your dealership in the eyes of the state.
You must meet several stringent requirements to receive this number.
Other licenses and permits may be required as well.
Sales tax must be collected on all vehicles you sell, and you must remit that tax according to your state-determined payment schedule.
Their advertsising was done through , which cost them quite a lot.
They just couldn’t sell the cars fast enough, and I think you need to sell the cars within 30 days most of the time, which they weren’t able to do. And going against monolithic car yards that had larger advertising budgets made it very difficult for them to be a success.
Before you commit to a lease, or make improvements to the property, consult with your local zoning office to ensure that you can legally establish your business at that location.
Contact your state Motor Vehicle Administration to obtain requirements for a vehicle dealer’s license.
Owning even a small used car dealership entails much more than just putting some cars on a lot and waiting for customers to come along.
It requires knowledge of the cars, expertise in their features and differences, knowing competitive prices of similar models and how to arrange vehicle financing.