Steps On How To Become A Car Dealer

A car dealership business is one of the most thriving businesses of today. In the fast paced world, it is true that more and more people are in need of cars. If you are one of the individuals whose hearts have the passion for selling cars, then a car dealing business is right for you.

Becoming the boss of your own business is very rewarding. It builds up pride and craftsmanship in your daily routine, as well as keeps you physically fit. If you are one of the aspiring business professionals who want to start a career in automotive business, here are some steps on how to become a car dealer.

1. Start with a Good planning Strategy

Becoming a car dealer is a fifty-fifty gamble. Through car dealing business, you can earn higher profits but on the other end, you may also end up in bankruptcy. Before opting to start such business, create a business plan that will define your business strategy. This should guide you through the positive and negative possibilities of being a car dealer. This should contain your business objectives and the written strategies to earn customer trust.

You can have your business plan checked with a business advisor. Once done, you may get a certification from the state. You may need to pay for a little fee in order to get certified.

2. Choose for the best location

In putting up a business, location should be one of the most important things to consider. You need to at least have a showroom for your cars and trucks. When choosing for a business location, think about the rental fee or cost of building in a small town area or big city, convenience of the customers, strategic partners, and potential investors; prestige of the place, safety, and facility requirements. Make sure that the location you choose will be accessible to the public and must easily catch people's attention.

You also need to decide for the name of your store. Something that would relate to cars will best do. Think about what to sell: used cars or brand new cars. Will you be franchising with a manufacturer? By the time, you get decided on these things, you will also be enlightened on the image of your car dealing business, which is almost within your reach.

3. Fill out the required paperwork

After you have chosen your location and secured a franchise agreement, work with your local government to get building permits and zoning approval. You should also need to have a surety bond, an agreement between you and the manufacturer that will assure responsible payments of obligations. You can get a surety bond depending on your credit history after an approval from the government.

4. Obtain capital

Whether you are only leasing a property for your showroom or building your own establishment, you need to have a capital. If you are in short of cash, you can obtain a capital through business loan or bank loan. Use the money to furnish your building with the most fundamental needs for business, such as fax machines, printers, filing cabinets, cubicles, plants, signage, decorations, and most importantly, cars and trucks.

5. Pass the MOT test/inspection

The Ministry of Transport Test is an annual test of automobile safety. Once you pass this test, you will be finally granted with the car dealer license plates and other state-issued forms. Do not forget to widen your horizons through the use of internet. Build up a website for your car dealing business and entice more people to trust your brand.


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Louise Collins writes articles for http://www.motortradeinsuranceonline.org.uk/ where you can find information on how to insure your motor trade business. If you are in the process of starting up a new car dealership always remember that finding the right insurance is very important.


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