how do you get a auto dealership licence for a small business?

Question

i want to start a small business selling cars. i trying to get information to get me started.

Answer 1

Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.

Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:

* The Automobile Sales Manager's Complete Success Formula: A Current Guide to Managing a Profitable Car Dealership by Jon McCormick
* Cars and People: How to Put the Two Together by Ziegler
* Selling Cars: The Handbook of the Professional by Patrick Davis
* What You Need to Succeed: Making Car Sales a Career Rather Than a Job by Mike Radosevich

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 2

Each state has their own licensing agency for selling vehicles and their own regulations. I'm assuming that you mean used cars, because you have to buy an existing dealership or spend alot of money to sell new cars for an OEM.

BTW, prices have dropped like a rock on used cars, dealers and auction houses are losing their shirts, why don't you go into something where you can make money? You have to have a line of credit on the "value" of all of those vehicles, so if you have 20 vehicles worth $10k each, you have to have $200k line of credit, which with no experience you may be paying 10 - 12% on - do you have any idea how capital intense this market is?

Answer 3

Check in your state the agency that governs licensing for auto dealership

in Utah, for example, the Motor Vehicle Enforcement Division (MVED) of the Utah State Tax Commission licenses and regulates automobile dealerships. This web page contains everything you need to know about operating an auto dealership in Utah http://www.tax.utah.gov/mved/

Answer 4

You should check with the Department of Motor Vehicles in your state. They probably have a brochure for you.

Generally, you need to pass an examination, pass a background check (the state will run it, you'll have to pay a fee to cover the cost), and meet certain requirements to your place of business (signage, equipment, etc.)

Answer 5

was in the car business for 15 yrs and I can tell you, Its not easy, theres a saying,"know how to make a small fortune in the car business? start with a large fortune" but go to the local dmv and ask there