So there’s the idea, a low volume dealer with no car lot.. just one or two cars at a time. Probably just the one. What would it take to do this? Unfortunately the answer is A HELL OF A LOT! To get cars from the auctions at wholesale, you have to have a dealer license. To get a dealer license, you have to give your left nut and first born to the State… or at least that’s what it feels like. Let’s run this down: 1) Need a business location. You can’t run this from your home. 2) Must have a land line at the business location. Apparently the State doesn’t know how much more efficient it is to just use cell phones. Or they don’t care. 3) Gotta get fingerprinted. Not a big deal I suppose. 4) Need to attend a pre-license seminar, which is 4 hours of fun! 5) The business location has to get approval from the zoning commissioner. 6) Need a surety bond. 7) Need insurance. 8) Need a corporate structure. Technically you could run this as a sole proprietorship, but you’d be INSANE to do so. 9) Need signage at the business. And I’m sure there’s more here I don’t know about yet. Lots of trouble, many hoops to jump through. I guess this is a good thing though as it cuts down on fly-by-night operations, and on cutthroat competition resulting from people jumping in without proper research and needing to dump their inventory on the market. And remember, this is just to get setup so that you can buy your first car! There’s a whole new learning curve to deal with there, and capital needed to make that first purchase. Still, this seems like a good thing to try. I see a lot of effort in getting this going, but the actual “job” once the fiery-hoops-of-death have been conquered doesn’t look bad. At least most parts. So it’s a go, let’s do this thing! this was posted by http://autobroker.wordpress.com