A Wholesale Dealers License is the easiest way to flip cars and How to Get one Flying Wheels
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- Опубліковано 27 сер 2024
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At 23 I started a Car dealership with no money. Whats the full video to see the tips, tricks, and ins and outs and how I got my dealers license and bought cars at auction and flipped cars using other peoples money.
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Learn how to do the same @
www.StartYourDealership.com
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Follow our day to day @ Flying_Wheels_
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Used car Auto Dealer how to get in or get a license how make money flipping cars what it is like being a car dealer is it worth it how much money at a car dealership negotiating and can you make money with used car values and more!
Song Credit: Bustin' Loose
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Closed my dealership in 2020. Motivation to reopen 🔥🎯
2020 was the best time to have a dealership..! Why did you close and miss all the monies made in the industry? Profits were at a all time high$$$…!
what was it like having a dealership? we learn as we get older how difficult it is to make money. I am sure it isnt easy.
Buddy closed before the bull run
Nice truck. Nice box and racks. You can almost always make $$$$ on a 4x4 truck !
you just motivated the crap out of me thanks brotha you just gave me that little push I needed
Good info. As a retired guy looking for something to do; this wholesale thing looks appealing.
Not so fast. I like cars and really enjoyed going to the Auctions. When I retired I did get my wholesaler's dealer license. I sold a few cars to other dealers and there was no money in it.
The way I did make some money is in buying cars for friends. I mainly specialized with Lexus Lease Returns and would make around $3000 on each car. One thing flying wheels didn't mention are the auction fees. On a $30,000 car the fee is around $350 and another $350 if you sell it at auction. Here in California as a wholesaler you can't transfer a car directly
to a buyer so you have to go through a retail dealer and that dealer will want $300 or $400 to process the sale. The last time I consigned a car to a dealer he didn't pay the DMV fees
and went bankrupt. I lost $$$$ and so did the other conginment sellers. Here in California a Retail Dealer only has to post a $50,.000 bond with the state so this can be eaten up with
two or three sales or even one so be extra careful. As a wholesale dealer when it comes to collecting on the bond you're dead last.
I actually looked into it here in MN. Same requirements for wholesaling as retail car lot. So no advantage anyway.
I drive part-time @ a wholesale auction house so am aware of the fee structure.
Question.
If you have a broker buy your car say on copart for you is the title in there name ? Reason I ask bc about every state has a limit on how many u can sell.
Thanks
craig at flying wheels is very knowlegable about his business and the car industry!!
Just subbed and love this material!
TC in Annapolis MD
Just a comment for support 😀
Yeah, I wish we could get a wholesale dealer license. State WA took Wholesale dealers out back in 2017 !
A whole 16 minutes video for one sentence at the end. How to get a wholesale license.
Answer:. Call the DMV.....
Directly from the car salesman hand book.
Enjoying this content!
In recent research I've noticed that NH is one of only 9 States that allows a wholesale license w/o a lot. It's such a hard thing to find out info. about as Google just pushes the Surety ads.
I know you can't drive the car around being a wholesale dealer. I was wondering if I fixed something and need to verify it can you drive it for a bit then to make sure the fix is good?
"Note: Wholesale dealers CANNOT sell vehicles to a retail customer. They can ONLY sell vehicles to other dealers."
This is copy and pasted from the Maryland MVA, going the wholesale license route sounds far too restrictive not being able to resell to a private individual.
TC in Annapolis MD
If you partner with a retail dealer, then you can sell to the public, through that retail dealer. You need to find a dealer you can trust, & has been in business for a long time etc. They will want either a fixed amount to run the paper work, some will do it for around $500.00 or just let them know how much you want for the car and they can mark up accordingly on their end etc.
The Silverado isn't MINT! Look at the passenger side front bumper. It's been squeezed.
Wish he actually covered the how to get one part like the title says
You said your dad could add to his collection. How long can he keep a car? Do you have to sell it in a certain amount of time?
Trucks in Phoenix Arizona are priced through the roof right now.!! I see what you're selling yours for! you're a lot less!
I have a question. With a wholesale dealer license could I sell the cars to places like carvio or carvana?
If you bought a car at auction, do you prefer to resell it at a different auction house?