Car is one of the primary means of transportation in USA. People use cars more as a necessity, instead as a status symbol; therefore almost everyone here possesses his own car. As per a countrywide survey, a normal middle class household owns at-least two cars. On the contrary, a major part of populous of America consist of students, homemakers and old aged people who usually prefer to go economic while selecting a car. Also, not everyone can afford brand new cars, luxury or vintage cars. This lacuna creates a prominent demand for used cars. That is why used cars’ market holds almost equal buyers as market of brand new cars have, which makes used car trading a significant business opportunity for many. Yes, it is true. It is not only the new cars that are usually dealt by a dealer but people equally express their interest in venturing in used cars these days. To get started in used car business one needs to have a Used Car Dealer License compulsorily.
To obtain a Used Car Dealer License one great option is to go for a Wholesale Program wherein you can get complete services. To obtain this license you need to fulfill many requirements imposed by state DMV. Therefore it is always recommended to see a well established consultancy firm for better assistance. Firstly, they will help you in getting an office address that meets all the requirements which are mandatory from the DMV of State. Once you enrol with them for Wholesale Program, they will provide full assistance in acquiring insurance, bond and LLC. Besides taking care of the documentation formalities, they also give ample training to make you aware of all the complexities of car dealership business. Furthermore, this all services are provided at very reasonable charges.
Once you get the license issued, you get access to private dealer auctions & online auctions nationwide, which allow you to explore a wide range of used vehicles and make you earn more and more. Moreover, this license makes you eligible for the Retail Program as well. This means that your Used Car Dealer License can help you to sell cars to the general public too. Only obligation is to sell cars & make all your transactions through the licensed retail dealer only. Additionally, this license allows you to sell vehicles at auctions. The next major step is to buy and sell cars and earn a commission. The best part of holding a legal license is that it helps you to get a car for yourself at huge discounted price.
Although, obtaining a car dealer license (whether for new cars or used cars dealership) and setting up a whole car dealing business requires huge investments in terms of money, space and efforts, but you may consider it as a your first step towards being an entrepreneur.