Steps to Opening Your Own Car Dealership Franchise
Introduction •
There are few businesses as unique as running a car dealership, whether you sell used cars or buy a new car franchise. For some people, the challenge of being at the helm—or at the top of a region chain, with many stores under the umbrella is irresistible
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Learn the Business Obtain Financing Develop a Business Plan Become Certified Find a Spot to Set Up Shop
Start with a Good planning Strategy • Becoming a car dealer is a fifty-fifty gamble. Through car dealing business, you can earn higher profits but on the other end, you may also end up in bankruptcy.
Choose for the best location • In putting up a business, location should be one of the most important things to consider. You need to at least have a showroom for your cars and trucks.
Obtain Financing • The first place to begin is with your local bank or credit union for a loan to cover expenses for six to 12 month's of operation.
Develop a Business Plan • Once you’ve come to terms with investing every greenback you can get your hands on, it would be wise to flesh out a solid business plan.
Become Certified • Next, attend a state-mandated dealer certification course, either online or in a classroom setting. Plan on dedicating about six to eight hours for lectures, which are followed by an exam. With a passing grade, you’re certified.
• Cars and trucks are a physical product, and you will need an office, showroom, and lot. The first task will be to find a suitable location. You’ll also need to decide on a name for the store. After that is done, you will need to determine if you are going to sell used or new cars.
About Us • US Dealer Licensing helps dealers with a wide variety of opportunities when it comes to buying and selling. Our dealer license essentially covers everything except retail.