How to Become an Auto Dealer

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Auto dealers can make money both on the initial sale of a vehicle and on the financing. If you're interested in becoming an auto dealer, you should know that there are a number of stops along the way.
This video describes what are the steps to become an auto dealer. For more information, please visit; http://www.carprofit.com/

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How to Become an Auto Dealer

  1. 1. How to Become an Auto Dealer<br />
  2. 2. Auto dealers can make money both on the initial sale of a vehicle and on the financing. If you're interested in becoming an auto dealer, you should know that there are a number of stops along the way. <br />
  3. 3. Auto dealership include training, testing, licensing, meeting zoning requirements and passing muster with the DMV. As you travel this route toward your auto dealership, the following can help you avoid unwanted detours.<br />
  4. 4. 1. The State-Mandated Auto Dealer Certification Class<br />The requirements for this vary from state to state, and it can be done online or in a classroom setting. <br />
  5. 5. 2. Auto Dealer Certification Exam<br />Once completed the course, you must take the auto dealer certification exam. There is a fee for taking the exam. Once you have passed the exam, you can begin the application process for dealership.<br />
  6. 6. 3. Choose Location<br />Choose a location, an office and a name for the dealership. Also choose the vehicle types you wish to sell. If buying a franchise to become an authorized dealer, contact the automaker to discuss its requirements in addition to the local government's requirements.<br />
  7. 7. 4. Obtain A Zoning Verification Letter <br />Once you have selected the location and types of vehicles, obtain a zoning verification letter showing that the location is approved by the city as a place of business for auto dealers. This letter is a requirement for getting a surety bond.<br />
  8. 8. 5. Get The Surety Bond.<br />The surety bond is an amount no less than $10,000 that is a promise by the dealer to honor all applicable fees that are associated with the dealership. The bond is secured by your personal credit history. <br />
  9. 9. 6. Obtain A Business License <br />Obtain a business license from the state in which you are doing business. The required forms can be found on the DMV website for your area or on the state website.<br />
  10. 10. 7. Outfit The Office <br />Outfit the office with appropriate furniture, computers and telephone lines and have your applicable forms and licenses on display before the DMV gives you a final inspection. Get the initial vehicles you've purchased on the lot and make sure you have appropriate signage for your location. <br />
  11. 11. 8. Set Up The DMV Inspection <br />The DMV inspection is the final step before being able to open for business. Once you have passed your inspection, you will receive your dealer number, temporary license, special plates and report-of-sale forms.<br />
  12. 12. Thanks For Watching…<br />For More Information, Please Visit;<br />http://www.carprofit.com/<br />

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