Dealing With The Why And How To Get A License To Sell My Car Indianapolis

Selling a car or truck in the US is really quite easy, get on ebay or craigslist and typically a week or so later your vehicle is sold. The down side is if you sell more than 3 over the span of a year, in most states you will be committing a felony. Knowing this there are many reasons for why and how to obtain dealers license to sell my car Indianapolis.

So other than avoiding the free trip to jail there are several other reasons for investing in a state automotive dealer license. With it you can go to private wholesale auctions hosted by the state and other dealers by purchase vehicles that are closed to the public. These auctions are generally held twice a month in most states.

Another huge advantage is that you could go to any new car dealership and bid on cars wholesale using a closed bid. This often dramatically reduces the price of the vehicle because there are no retail mark ups on it. These vehicles may be sold retail for considerably high profit.

A few other advantages are being able to sell several vehicles without fear of breaking the law. You could also drive around the cars on your dealer plates and insurance. Because are running a business you are also entitled to write off these expenses on your income taxes. With your business ownership you could also be eligible for different credit lines to help purchase autos with.

The requirements are generally the same in nearly all 50 states inside the US. One of the key factors is that you have never had a criminal record. While this does not exclude someone, it makes the overall process of becoming bonded more difficult. One of the last steps is securing this bonding for your new dealership.

Licenses are generally granted by the DMV or office of vehicle services in their respective states. There is often a test required that will range from 10 to 75 different questions. There must also be a physical address listed as the real place of business, and a hardwired telephone installed with the dealers company name. The physical address must also be open for any on site inspection.

After the tests and on site inspections are passed, there are different fees that must be paid to the government. There are typically fees that have to be paid that range from 50 to 250 dollars. Most states also require a surety bond of at least 50,000 dollars to be filed with the department of transpiration. It also helps to have a business license for the town or city you will be operating in as well as a good business plan to show potential investors.

This has been a general overview for the reasons for why and how to obtain dealers license to sell my car Indianapolis. Anytime you consider starting a new business you should always weigh the pros with the cons. Though there is nothing quite as fulfilling as knowing you have built a business through hard work and sweat that can be passed on to your children when you retire.