When planning to start a used car dealer lot there are a few steps to being ready when the inspector checks your proposed place of business. Besides the location you will find information on advertising and places you can look for cars for your proposed new business.
The first and most important part is to have a location to place your vehicles. Check your local zoning department for more information on using the land for a used car dealer lot.
Now that you have your location time to prepare for filing for a vendor license with your local State Ohio. You can do this step by visiting your clerk of courts office or go online to the Ohio Business Gateway website. This is all you need to pay your sales tax in the future and this vendor license proves you are a business licensed in the State of Ohio. If you are a limited liability company you will need to file your trade name with the Federal Government site.
Planning to start a used car dealer lot requires you to have a building at least 180 square feet and a lot that will hold at least 10 used cars and this is not counting driveway space. The lot must be gravel or a hard top with no grass or mud. Your office must provide heat. The office will be required to contain 3 chairs and at least 1 file cabinet. You must get your application and fill it out.
Before anyone in Ohio can be issued a used car dealers license they must take a used car dealers course in Ohio.
Get an application for your used car dealer license and it will have all the requirements on it. Just follow the steps and do what the application is asking and if you meet all the requirements you should have no problem.
How to find cars to sell on your lot is easy. Just search online for car auctions in your area. You could even find cars while driving down the road or online.
Now you can start advertising your used car lot. A website is a great way to advertise your lot. Build your own website by doing a search online for a website host. Your business sign and cards are other ways to get noticed.
You can also sell cars using online ads the same way you posted a car for sale in past.
There are two types of car liquidation: voluntary and compulsory. A voluntary liquidation is when a car dealership agrees to have their cars sold at a liquidation auction. There are several reasons why a voluntary car liquidation auction would take place. For one, if a business is struggling they may choose to auction off their merchandise early enough that they will be able to pay their debts before things get out of hand. An individual that owes for a vehicle may find themselves in a situation where they will not be able to finish paying for the car. In this case they may choose to voluntarily have their car sold at an auction in hopes of selling it for enough to pay off the loan.
A compulsory liquidation is when a business or individual is forced to participate in this auction. This type of car liquidation is usually court ordered, which means that they have no choice but to participate. For example, if a car dealership went out of business or filed for bankruptcy, then the cars would be liquidated and sold at an auction. Vehicles that are impounded or retrieved from criminals such as drug dealers are sold at car liquidation auctions.
What does a car liquidation auction mean for you? Why would it be beneficial to know when these auctions are taking place? The majority of these cars are in good running condition. Many of them have great warranties and they are being sold for a low price, which means great savings for anyone in the market for a new or used car. It would be easy for you to check the history of any of these cars that you have an interested in. All you need to do is have the VIN number to receive the history through Car Fax. Then you will have all the information you need to make a good decision about the car you want to buy. Basically, it means that you can get a good, dependable car at a really cheap price.
Learn Some Great Tips before You Contact Your Local Auto Wrecker for Junk Car Removal.
So you have an old junk beater sitting in the backyard. What do you do? Do you simply call the junkyard and give the car away? You might want to think twice about doing that as it might not be in your best interest.
One of the first things you should do is contact someone who knows cars and who can give you an idea of what the vehicle might be worth. You want to make sure you are not scraping a classic car that is worth a small fortune before calling for junk car removal service.
Get the most money you can for that junk car.
The next thing you should do is call around to different companies and get quotes on what they are paying for scrap cars and trucks. Some junk car removal service companies pay more while others pay less.
It is also a good idea to not be lazy and call more than one company to get the best price for that scrap car. Now, if you really just want to get rid of the old vehicle and do not care about how much cash you get for it, by all means, go ahead and call your local tow truck company and see if they can pick up the car for free. Some towing companies will while others will want to charge you.
You should not be charged for a pick up because the junk car removal company gets cash for your car at the scrap yard.
If he is going to charge you for the pick up he is getting paid twice for the one job. Nice for the towing business but not practical for the scrap car owner.
Also, don’t forget to salvage what you can from your scrap car before you have it picked up. Check inside for any personal items you may have left in the car. You may want to remove and keep the battery if it is in good condition. If the wiper blades are in good shape you could also keep them.
If the vehicle has a spare tire and a jack in the trunk you might be wise to take them out. They will only be scrapped and they could come in handy sometime.
Keep in mind these junk car removal tips are applicable in any city and are not limited to your local area.