If you want to make money buying and selling cars an
auto-dealer license is what you need. A dealer license gives you the
same access as the large dealerships to buy and sell used vehicles.
Applicants who apply for a used dealer license must also attend a
dealer education program and pass a written exam.
There are many different perks that coincide with getting an
auto-dealers license. One of the main benefits is getting access to the
wholesale dealer auctions that take place around the country on a
regular basis. You also have no limit to the amount of cars that you
can sell and trade per year. People without a dealer license have a 4-6
rate limit depending on the state and if it is surpassed can face
serious legal issues.
When considering becoming a auto-wholesale dealer, a person must be
licensed by the state. An auto-dealers license is only licensed to buy
from, sell to and deal at wholesale with other licensed dealer. It is
important to understand the consequences of illegal actions that could
take place. Any person violating these licensing requirements is guilty
of a second-degree misdemeanor. Punishments for this could result in
jail for up to six months or fines of up to $500.
CAR DEALER LICENSE
Q: How much money do I need to get started?
Q: Will this System work where I live?
Q: Can I really make a 6-figure income?
Q: Do I need to be a salesman?
Q: Do I need big expensive offices and equipment? See more Questions
& answers here