How to get Automobile Dealership in India and USA

How to get Automobile Dealership in India and USA

HOW TO START A CAR DEALERSHIP and whether it is the right fit for you and your dealership business. PLANNING THE BUSINESS is the first step than any dealer should take . The plan of car dealership can depend of many situation depending country .Automobile dealership in different countries have different plan and requirement.

STEPS TO GET AUTOMOBILE DEALERSHIP IN INDIA AND USA.

FIRSTLY YOU NEED A AUTO DEALER BOND.

An Auto Dealer Bond is a type of surety bond that auto dealers need before they can get licensed. The important thing to remember about these bonds is that they are not a protection for you (the dealer), but for your customers. Though most states require an Auto Dealer Bond, not all states do. So, BONDS ARE NECESSARY TO GET AUTOMOBILE DEALERSHIP IN INDIA and USA

There are several types of bonds you may need, depending on the kind of dealership you want to run. Some general bonds include:

  • DMV bonds.
  • Used car dealer bonds.
  • Wholesale car dealer bonds.
  • RV bonds.
  • Motorcycle dealer bonds.

To open a dealership in any state, you will need to obtain a business license allowing you to sell vehicles of a particular kind. License requirements vary significantly between states. Some states have minimal requirements and few fees, whereas others have strict, lengthy and at times expensive licensing procedures.

LISCENCE REQUIRED FOR CAR DEALERSHIP

The law states that if you are in the business of buying, selling, brokering, leasing or dealing in vehicles of a type that is required to be titled, you need a dealer license.  “Vehicle” is defined as any vehicle required to be titled, motor vehicles, trailer coaches, and trailers weighing over 2500 lbs.

Lease or own a property for your dealership
Complete and submit your dealer application form, along with all other required documents
Pass a state-mandated dealer training course
Pay all application, licensing, and dealer plate fees
Zoning and Municipal Approval

HOW MUCH AUTOMOBILE DEALERSHIP COSTS.

The cost of automobile dealership in INDIA and USA can be different it depends on the location ,and business background of location.
The license fee for Class C, Class H and Class R dealers is $160. All other licenses cost $75.  Dealer plates are $10 each.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.