Ok, if you plan to sell less than 25 vehicles per year, it is a $10,000 surety bond you must put up, $125 for the required class to get your license, $1250 for the license, then you would have insurance, which can run from $600 per month to $2000 per month depending who you go thru as well as your credit rating. Then you would have to rent a shopfront for this, unless your residence is zoned commercial.
If you plan to sell more than 25 cars per year, it is a $50,000 surety bond, plus the other.
Then you will have around $250 in fees per vehicle you purchase to get it thru emissions, tag and title fees.
Without knowing really detailed financial records, I cannot tell you if this is a worthwhile endeavor or not. If you have the spare money and willingness to eat the upfront costs for a year or so until you are established, then it is worth it. If you are like a lot of the public and living from paycheck to paycheck, I would not advise it.
It is a cutthroat business and unless you are selling exotic cars, you are competing with every other car lot and private seller and the margins on used cars are thin. Especially if you purchase from auctions and you have to put money into the vehicle to be able to sell it and if you are not a mechanic to at least save some on the labor. Most used car lots make around 2-4% profit on a vehicle. So you have to watch that margin on what you purchase it for and what you put into it and are able to sell it for.
And then you have the consumer that purchases it AS IS and comes back in a couple of days because something fails on it and you have that headache of making them happy without losing your shirt or losing your reputation.
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