This means there are opportunities for those who want a dealership with new or used cars, or a combination of the two.
Auto dealers may also choose to run their dealership on a physical lot, or without a lot location. Most states require you to select whether your new auto dealership will sell new or used cars.
If you plan to sell used cars only, you likely do not need to be franchised through an auto manufacturer.
However, you are still required to have the right type of license through the state.
This business plan is based on an actual Used Car Dealership business.
It can be reformatted into any market or any other business context. Also, used auto dealers can only sell used cars, not new, so be sure to take this into consideration before making your selection.In addition to deciding on new, used, or a combination of new and used for your new auto dealership, you may also be wondering how to get a car dealer license without a lot.It is possible in some states to operate an auto dealership online, but you are still required to have the right type of license and follow all the steps below to ensure you are operating in line with your state’s laws.An auto dealership without a lot can be beneficial in reducing start-up costs including having a physical location, but it comes with other challenges like marketing and special licensing in some cases.Together, they cited 7 How marks an article as reader-approved once it receives enough positive feedback.This article has over 373,366 views and 100% of readers who voted found it helpful, earning it our reader-approved status. Nearly everyone uses a car for business or personal use.After considering your options for new or used car sales, and businesses with or without a physical lot to work with car-buyers, your next step is to check your state licensing requirements.This is a two-fold process, including understanding the Department of Motor Vehicle or Department of Licensing guidelines.The cost of opening and operating a dealership, however, can require millions of dollars.Before you open a car dealership, think carefully through the entire process.