2006-11-19 06:59:02 · 6 answers · asked by drudog 1 in Cars & Transportation ➔ Buying & Selling
lots and lots of money.
2006-11-19 08:31:21 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Each state has their own requirement for used car dealers. Check with your state's DMV for the requirements for a dealer license.
Usually they require you to have a fixed place of business, with zoning approval. You will have to post a bond, and most likely pass a criminal back round check. You will need insurance.
Once you are licensed you can then begin to buy cars for the lot, and sell them. With a dealer license you can buy at dealer only auctions, or you can buy from other dealers, or the public. You may be able to get a line of credit for car purchases, or you may need to have the money to buy the cars for the lot!
Good luck!
2006-11-19 08:03:22 · answer #2 · answered by fire4511 7 · 1⤊ 0⤋
If you dont know that the first place to go is the DMV, you have no business getign in this business. You dont know the basics of the industry, so I am sre you dont know all the ins and out, legalities and rules regarding used car sales. There are a lot of ways you can get burned in this business. Stay clear until you know these things, or you will lose your A$$~
2016-05-22 03:57:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I can tell you that you cannot just start buying and selling cars.....in my state (KS), if you sell more than 5 cars a year without a dealers license, you will have lots of problems.
2006-11-19 08:49:41 · answer #4 · answered by gg 7 · 1⤊ 0⤋
start buying and selling cars do this for a year or so then get a lot and lic.
2006-11-19 07:04:36 · answer #5 · answered by Anonymous · 0⤊ 2⤋
You will be hated among Men.
2006-11-19 07:15:28 · answer #6 · answered by Anonymous · 0⤊ 1⤋