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Sometimes we find ourselves in the dilemma of How to keep busy? What else to do? What options are there? Among other issues that might be holding you back on taking the final step to take matters really into your hands in the automobile industry. We give you here some answers to those questions that you may have asked yourselves and probably think are slowing down your business.
Before answering such questions, if you are interested in making your business a more profitable entity this is the first question you need to ask yourself. How to get a dealer license? We will gladly assist you with all inquiries about this matter.
In a nutshell. How to get a dealer license? Easy, just contact us and we will further assist you in this matter with forms, guidance, dealership application and more!After this first step, here you have some information that might come in handy.
A vast number of automobiles are sold in auctions on a daily basis. Buying vehicles that require some work to do would get your numbers up. Offering to sell them at dealer auctions will generate significant income for you!
This is how it works:
When an insurance company totals an automobile they typically go to an insurance auction, and they have to pay out the owner. But what many people are not aware of is that insurance companies sell those cars in salvage auctions every day! In order for you to get access to this auctions to sell and buy and to gain a profit, each state demands you to have an auto dealer license.
Cars needing some repairs are everywhere, with your wholesale license you can sell nationwide and the best part about it is that you do not have to pay sales tax or register vehicles. After you have your license, you will only have to pay the auction fee. If expanding your business is your call a dealership application is one of the many things we will gladly assist you with, not to mention the car dealers license that is the first step to follow.
Another question that you may have is:
What types of vehicles are likely to be found at insurance auctions? Hail damage, flood, theft recovery, and vehicles that have been involved in collisions. You can purchase these vehicles at dealer only auctions. Always keep in mind that all states have different rules and laws. How much damage a vehicle needs to have to be considered totaled? It is according to the state; whether it is highly damaged or not, the insurance companies still have to pay for the claim. At this point, you as a dealer license holder can take advantage of such an opportunity.
Another thing that you may have overlooked is that in some states, regulations on totaling cars, are just ridiculous. Making auctions a very profitable business. What would you think if you could buy a car that has been totaled because the airbags are deployed?
Insurance auctions have excellent websites with pictures and detailed information on these vehicles. They will even tell you what condition the vehicle is in and whether or not it runs correctly. With just one click of your mouse, you can get access to this information. Look it up on eBay and try typing salvage or rebuild as the keyword may give you a lot of examples
Call one of our dealer license experts, and we will be happy to tell you how it works.