A car dealer is an individual or company that sells new and/or used cars at retail prices, often through a dealership. They are also responsible for the financing of the cars sold and may provide other services to customers such as maintenance and repairs. If you are in search of successful dealership companies, you may check this website.
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Car dealerships are typically franchised by automakers, meaning that they sell only certain brands of cars. Some dealerships may also be authorized to sell multiple brands. In addition to selling cars, dealerships may also provide other services such as auto financing, vehicle service and repair, and extended warranties on new and used vehicles.
Becoming a car dealer usually requires completing a training program offered by the automaker or dealership, although some states have their own requirements. After completing the training program, you will then need to obtain a license from your state's motor vehicle department.
What are the Requirements of Being a Car Dealer?
To become a car dealer, you must first obtain a license from your state's motor vehicle department. Each state has different requirements, but they generally include a combination of age, education, and experience.
You must also have a clean driving record and pass a background check. Some states require that you post a bond or insurance policy to protect consumers from fraud.
If you plan to sell used cars, you must obtain a license as a used car dealer. The requirements for this license are similar to those for a new car dealer, but you may need to take an additional exam.
In most states, you must also apply for a business license. To get this license, you'll need to provide the state with proof that you have met all the requirements for becoming a car dealer.
