Buying and selling cars is a great way to earn a lot of money. In order to maximize profits and legally do this business, you will need an Auto Dealer License. While getting an Auto Dealer License requires a good amount of effort, the rewards and benefits you gain will make it well worth it.
Access to Dealer Auctions
You can buy cars at wholesale prices at auctions and sell them at a higher price. You can also get wholesale prices on items from parts and repair stores. Without an Auto Dealer License, you won't be allowed in to the auctions.
You can write off car-related purchases, from gas receipts to auto repair bills. Many times you will get dealer discounts and tax-free purchases from dealers and repair shops.
Since you get to purchase most cars at wholesale prices, you can pick out the car you want at the price you want.You also can help out your family and friends by purchasing them cars at wholesale.
Your Own Business
When you get an Auto Dealer License, you can basically have your own business. Your hard work will pay off and you will see the rewards.
Based in Austin, Texas, Chase Holik has been writing on a variety of topics since 2006. He has been published in "Horns Illustrated" magazine. Holik holds a Bachelor of Arts degree in rhetoric and writing from the University of Texas at Austin.