What does it take to start a Small Car Lot? lafayette.backpage/LandForSale/78000-142-acres-of-unzoned-land/10888214 In most states, you can buy anywhere from three to seven vehicles a year under your own name. Before making a five-figure investment in a state-issued dealer license, a lot of small operators will end up using their spouse, relatives, friends, acquaintances, and driving-age kids as temporary owners of those vehicles. The good news with that wholesale license is that you have access to the vehicles at the wholesale dealer auctions that are generally off limits to the public. The bad news is that once you buy a car, you will not be able legally to sell it to a customer unless a retail used car dealer is willing to “buy” your vehicle for a fixed fee (usually $100 to $300 per car), and then retail it to a consumer under their own license. Location Many county and city governments require at least a half-acre of paved surface, an office, and the most crucial ingredient of all, proper zoning. Most local governments will try to keep car dealers within a narrow strip of roadside and limit the available real estate to as small of a supply as possible. Want a prime location? It will cost several thousand dollars at a minimum. The smarter alternative for most dealers new to this business is to find either a more rural location at a lower cost, or get a small office that has limited space for vehicles. That means lower drive-by traffic, smaller inventory and perhaps more money in advertising. Pick your challenge.
Posted on: Mon, 14 Jul 2014 12:10:19 +0000
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