Posted : Saturday, May 25, 2024 11:51 AM
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Get your Dealer License Get your Retail or Wholesale Dealer License today, to generate passive and residual income, while doing something that you enjoy Dealer Office
California has two types of Dealer licenses for selling pre-owned vehicle; Retail and Wholesale.
A Retail Dealer License permits you to sell vehicles to the public, other Dealers or at auctions.
Retail Dealers are required to have an approved office and “car lot” where they are allowed to display vehicles for sale.
A Wholesale Dealer License permits you to sell to other Dealers or auction but not to the public, in California.
The DMV allows Wholesale Dealers to operate their business from a residence and are not required to have a commercial office or “car lot”.
Some Wholesale Dealers work in partnership with a Retail Dealer who has already met the State’s requirements.
Essentially you would be working as a Dealer under a Dealer to sell through to consumers.
Both Retail and Wholesale Dealers may buy vehicles from any source including Dealer-only auctions.
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