How to become a licensed new and used car dealer can be overwhelming. In fact, it can be pretty fun too. There are some simple steps that you need to follow in order to get started. If you follow these steps you will find that your business can thrive and actually be successful rather than just idea. The first important steps on how to become a used car dealership owner is to meet all state licensing criteria. All other types of car dealers need to first decide on a company structure. Next you must register a legal business entity with your local state government. Finally, you will need to secure a dealership or a temporary location to conduct business. After all the steps are complete you can then legally test drive your new car or truck. Many people are not aware that local governments require that any new and used car dealership obtain some form of government oversight called dealer disclosure. This is especially true if they are required by law to disclose their dealer relationship upfront and honestly. Dealers and franchisees must also pay a $500 filing fee that is paid to the local government before they can start selling cars. This fee is referred to as the "gap insurance" or "sales tax" and it protects dealers and franchisees from unexpected sales tax liabilities. Next you will need to apply for a sales tax certificate. Most car dealers do not sell used cars directly to consumers. Instead they work through brokers that collect consumer information to fill out the forms and then they send it out to the sales tax authorities for processing. In order to get this paperwork completed and sent out to the local authorities you must become a licensed new car dealership owner. You may think that these fees are outrageous and that you can't afford to become a new car dealership owner, but that couldn't be further from the truth. First you have to open a checking account. Then you must deposit at least five hundred dollars into that account with a designated bank, and then you have to buy fifty one hundred dollars' worth of used cars from your parent corporation (the company that owns the used car dealership). That's your start up capital and all it takes is a few months of hard work. Click on this link: www.royal-buick-gmc.com to see the cost of new and used vehicles. If you're thinking that buying used vehicles at a New and used car dealership is just plain nuts, then think again. New and used car salespeople are trained by industry standards. They are not out to make easy money. They work in an honest business and they want to make sure that each customer they meet has a wonderful experience. After all that's why they're there. Find out more details in relation to this topic here: https://en.wikipedia.org/wiki/Japanese_used_vehicle_exporting.
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