Car Sales Business Plan

In addition, by running financial projections, you can determine whether your revenue model is a feasible one.

In addition, by running financial projections, you can determine whether your revenue model is a feasible one.

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Select a visible location with easy access from main roads.

Ensure that your site has plenty of parking for your vehicle inventory as well as your customers’ vehicles.

Before you commit to a lease, or make improvements to the property, consult with your local zoning office to ensure that you can legally establish your business at that location.

Contact your state Motor Vehicle Administration to obtain requirements for a vehicle dealer’s license.

Call vehicle owners who have “For Sale” classified ads in local newspapers, vehicle trader publications and online trader websites.

Travel to local or regional vehicle auctions to purchase vehicles in good or better condition.Other licenses and permits may be required as well.Sales tax must be collected on all vehicles you sell, and you must remit that tax according to your state-determined payment schedule.Although state regulations vary, you must satisfy criteria relative to building size and location, signage and operating hours.You’ll also need to post a state-determined surety bond.Finally, hire a maintenance worker to prepare the vehicles for sale.Ask family, friends and business associates to contact you regarding vehicles they want to sell.Some lenders and investors will want to check your personal credit, so check your credit reports and correct any errors.If your credit scores on the low side, take necessary steps to pay off your debt and improve your score before seeking business funding.Their advertsising was done through , which cost them quite a lot.They just couldn’t sell the cars fast enough, and I think you need to sell the cars within 30 days most of the time, which they weren’t able to do. And going against monolithic car yards that had larger advertising budgets made it very difficult for them to be a success.