Auto-dealers license

If you want to make money buying and selling cars an auto-dealer license is what you need. A dealer license gives you the same access as the large dealerships to buy and sell used vehicles. Applicants who apply for a used dealer license must also attend a dealer education program and pass a written exam.

There are many different perks that coincide with getting an auto-dealers license. One of the main benefits is getting access to the wholesale dealer auctions that take place around the country on a regular basis. You also have no limit to the amount of cars that you can sell and trade per year. People without a dealer license have a 4-6 rate limit depending on the state and if it is surpassed can face serious legal issues.

When considering becoming a auto-wholesale dealer, a person must be licensed by the state. An auto-dealers license is only licensed to buy from, sell to and deal at wholesale with other licensed dealer. It is important to understand the consequences of illegal actions that could take place. Any person violating these licensing requirements is guilty of a second-degree misdemeanor. Punishments for this could result in jail for up to six months or fines of up to $500.