I Want To Sell Cars With A Private Dealers License, How Much Starting Capital Is Recommended?
This module be operated in California, I am thinking to delude 1-2 cars at a time. How such start Capital is advisable that I hit inorder to be in this business?
If you are selling to the public, you need a dealer license, not just a wholesale license.
in CA, you need a place of business, sign, room to display at least 2 cars at a time, business license, dealer surety bond, dealer auto insurance (NOT cheap). They run a credit and background check.
If you have a place of business, then you need your utilities as well.
Before 2009 began, I was looking at projected costs of business in the $70k area for the year. That did not include inventory. In CA. it will be about the same, but the bond might be a little cheaper.
I wouldnt start with less than $20k liquid. Even that is a shoestring budget.