Auto dealers do not only sell vehicles, but they also managed to provide maintenance services for cars, include warranty claim processing and selling automobile parts. That is why they need to hire salespeople for selling and automobile mechanic for car maintenance.
Furthermore, there is a big money attained through initial sale of a vehicle and its financing. This business attracts money that is the reason why you can have large amount of income. If you are planning to be an auto dealer, you must consider several steps. Discussed below are guidelines on how to become an auto dealer.
First thing that you have to do is attend the state-mandated auto dealer certification class. Some states do not require this. However, the class can be done through online class or in classroom setting. This is a per hour education requirement and must be completed first before stepping up to the next guideline. After completion of the course, you can now take the auto-dealer certification exam. If you have passed the exam, you can now process the application for auto dealership.
Secondly, decide where will be the location, office and name of the auto dealership. It is essential to know the hot spot for the location of your business. The name of the auto dealership must be catchy enough to remember. Moreover, select the vehicles you wish to sell. If you are planning to buy franchise, contact the automaker to know the requirements. You can also ask questions about franchise terms with them.
Third step that you must do is to obtain a zoning verification letter. This kind of letter is an approval of the city that the planned location is the right place for auto dealers. After having the letter, you may get your surety bond. Surety bond is not less than $10,000. It is given to honor all applicable fees that are associated with the dealership.
You can get the business license after you had given the surety bond. Business license depends on the state that you will put up your business. The required forms are posted on Department of Motor Vehicles (DMV) websites. After this, you must display license and applicable forms on the shop. In addition, putting up telephone lines and computers is necessary too. Make sure that the lines are working before DMV inspects the business firm.
Furthermore, there is a big money attained through initial sale of a vehicle and its financing. This business attracts money that is the reason why you can have large amount of income. If you are planning to be an auto dealer, you must consider several steps. Discussed below are guidelines on how to become an auto dealer.
First thing that you have to do is attend the state-mandated auto dealer certification class. Some states do not require this. However, the class can be done through online class or in classroom setting. This is a per hour education requirement and must be completed first before stepping up to the next guideline. After completion of the course, you can now take the auto-dealer certification exam. If you have passed the exam, you can now process the application for auto dealership.
Secondly, decide where will be the location, office and name of the auto dealership. It is essential to know the hot spot for the location of your business. The name of the auto dealership must be catchy enough to remember. Moreover, select the vehicles you wish to sell. If you are planning to buy franchise, contact the automaker to know the requirements. You can also ask questions about franchise terms with them.
Third step that you must do is to obtain a zoning verification letter. This kind of letter is an approval of the city that the planned location is the right place for auto dealers. After having the letter, you may get your surety bond. Surety bond is not less than $10,000. It is given to honor all applicable fees that are associated with the dealership.
You can get the business license after you had given the surety bond. Business license depends on the state that you will put up your business. The required forms are posted on Department of Motor Vehicles (DMV) websites. After this, you must display license and applicable forms on the shop. In addition, putting up telephone lines and computers is necessary too. Make sure that the lines are working before DMV inspects the business firm.
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Looking for the best deals in second hand cars can ensure you the quality you can get. It is also important to know all the information with car in your attempt on how to become an auto dealer.
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