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HOW MUCH MONEY YOU NEED TO TO GET A CAR DEALERS LICENSE IN 2022 + ADVICE

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In this video I tell HOW MUCH MONEY YOU NEED TO TO GET A CAR DEALERS LICENSE IN 2022 AND WHAT IS THE MINIMUM CREDIT SCORE I RECOMMEND + MORE!!!
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Опубликовано:

6 сен 2024

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Комментарии : 129

@bradleydilworth1147 2 года назад

15-20k is key! That’s what got me started and it’s been great. I used to look at cars for free because that’s my passion now I make money doing it! Def appreciate the all the game you give out

@CHUCKSDAILYHUSTLE 2 года назад

I appreciate you as well my guy

@BoogieJay-mi4hj 8 месяцев назад

I'm now on the verge on starting I need some knowledge man

@rdvanbalkaya4463 Месяц назад

How come ı have 40k ı can't even close to open everything expensive man

@nxtlvl721 2 года назад

Aint nothing to it but to do it. I started in 2002 with $5000 and a dream. Before that I was floating titles and trying to make money from public auctions. Got In trouble by the state for not having dealer license the fine was $1000. LET'S GET IT LET'S GO!!

@CHUCKSDAILYHUSTLE 2 года назад

I like that saying there 🏃🏿‍♂️💨💨💨

@knd225 Год назад

How much was your surety bond?

@raulmendoza2620 Год назад

Wish you the best homie

@al-mubdizahir8704 Год назад

What do you mean by floating titles?

@JudahwardIV562 Год назад

Fasho big homie

@ince9507 11 месяцев назад

I asked a guy who own a dealership how much money i need to get started, he told me min of 100K. So, thank you for keeping it real in this video.

@Sarasdad91 Год назад

Surety Bonds here in Michigan, and it differs state to state, are 10k minimum to start a dealership. Usually, an insurance company that will insure a car dealership will offer a 10k bond for $100 or $200 a month, depending on your credit score. RU-vid has lots of videos on this subject. Just check for your state.

@tonymcrae9734 2 года назад

Good job chuck I started with under 10k in Nc over a year in half ago I’m at 430 cars sold as a one man show I’m selling normally $8000 and under cars no buy here pay here only sale cash cash and financing thru one finance company

@CHUCKSDAILYHUSTLE 2 года назад

I love to hear that boss and congratulations on all of the success 🥂

@tonymcrae9734 2 года назад

@@CHUCKSDAILYHUSTLE thanks bro you helped me out a lot more than you may know so I really appreciate you!!

@codemajic8238 2 года назад

hey man is there a way i can contact you? i have a couple of questions for you please!

@codemajic8238 2 года назад

@Tony Mcrae

@nef-one8640 2 года назад

That's amazing all on your own. Curious how much do you profit per month after your expenses?

@KeeWebb 6 месяцев назад

What you said about old cars is so true. I have a ‘03 Jaguar S-Type &😊 it is temperamental. The smallest thing can make the car malfunction.

@richdollaway 8 дней назад

I appreciate the advice, this might be something I'm trying to grow into.

@haroldgordon290 2 года назад

Stay Dropping Knowledge. Knowledge is Power my guy. La Familia 💪

@CHUCKSDAILYHUSTLE 2 года назад

#majornation #lafamilia

@JoeCnNd 10 месяцев назад

Luckily i live in indianapolis where i can sell a bunch of cars. I can understand why people in other states might not do it right.

@ernestotovar8596 Год назад

Thanks for the advice and encouragement. Nice vibes!

@guitarobot 2 года назад

I'm following your advise right now Chuck. Let's see how it goes.

@CHUCKSDAILYHUSTLE 2 года назад

Get to the $ and the freedom 🏃🏿‍♂️💨💨

@kingthree33 Год назад

GREAT Video! GREAT advice!!! I paid attention man thank you 🙏

@kingsj7662 Год назад

Google said parts of getting your dealer license (in Florida) are: -Obtain Garage Liability Insurance. -Obtain a $25,000 Surety Bond. Is that a must? Just for the license?

@Wante2koolCLIPS 2 года назад

Thank you for this video💯

@murrayminimotors1674 2 года назад

I watch you everyday keep up the great work and great motivation my man!! I do have one question you're wondering if I can have the same concept with motorcycles that's really my passion but I can't work on cars also I would like to do both but I wonder if motorcycles can really work the same way!!

@CHUCKSDAILYHUSTLE 2 года назад

Yes they can I know dealers that only sell motorcycles/atvs/boats etc

@nxtlvl721 2 года назад

If I can add my opinion on this. Absolutely that would work if motorcycles are your passion I know a man only sells jeeps because that is his passion. Good luck to you

@kevincampos2662 4 месяца назад

Being straight up like he said a lot of people gatekeep

@oegesauto5619 2 года назад

Dope advice man.

@danielpinzon6246 Год назад

Can you get a dealers license without having the office suite? I really just want to purchase the cars at an dealers only auction..

@hpautostyle Год назад

I’ve been ready to take the plunge and go legit as I’ve been flipping for 10+yrs but the legal side with doing taxes and paperwork is what scares me. Any recommendations on where to learn that side?

@user-fv6xq5xr9l 9 месяцев назад

Put a llc on it and watch how drasticly it benefits your company alone with legit business write offs not to mention special offers from gov to private company offers to llc holders aswell potential low $50,000 to million not credit toward your account but llc corp enterprise iys very beneficial

@a-rod9171 7 месяцев назад

Good advice thank you God bless..

@CHUCKSDAILYHUSTLE 7 месяцев назад

God bless 🙏🏾

@darrylhale4153 2 года назад

Hey love you’re videos some of the things you said wasn’t true you don’t need to have perfect credit my credit score was in the 500s yes I did have to pay more for my insurance bond my insurance since I have an excellent driving history didn’t cost that much also certain states you’re not allowed to buy cars and flip cars the state of Georgia doesn’t allow you to do that I mean you can but it technically would be illegal. I’ve started with less than 4 grand and I’m up and running

@CHUCKSDAILYHUSTLE 2 года назад

I appreciate you boss but I said that I "recommend" that you start with the amount stated and the credit score I stated.

@thecarlotmechanic4531 2 года назад

The state of Minnesota allows you to flip a certain number of vehicles without having a dealers license for a example of believe it’s 5 cars a year! Which should be sufficient to know if you want to become a dealer .if you flip five cars successfully you should have made 2500-10k . Run it up gentleman💰💰💰

@eman3414 2 года назад

I'm in the process of getting my license now. Had 10k now down to 7k after paying paperwork, office, ins,etc. I hope 7k can get me started.

@ramonseveriano8346 2 года назад

Out of state wholesale??

@CHUCKSDAILYHUSTLE 2 года назад

It can my guy I was just giving my recommendations.

@eman3414 2 года назад

@@ramonseveriano8346 Georgia

@eman3414 2 года назад

@@ramonseveriano8346 Thanks I been watching your videos for a while. I'm in Georgia starting out.

@jamesbond8760 Год назад

@@eman3414 how it's going in ga also

@stacymoss6382 Год назад

Good info bro just gained a new subscriber

@rydevip3678 10 месяцев назад

Great information thanks

@Priest88 Год назад

Good info champ! I formed the LLC and got my office suite, what would you suggest my next move is surety bond and sales tax certificate? Appreciate the knowledge

@danielpinzon6246 Год назад

Is the office suite mandatory to get the dealers license ?

@godgoatedme 2 года назад

Bro thanks I'm finally subscribed to you. I'm saving and looking at the costs currently but lucky for me I'm a trucker so a few months and I'll be in business.

@user-lr1cq8fk3i 3 месяца назад

At least he honest not Like some mfs. They lie

@definitionXrp 6 месяцев назад

So u cant test drive the car before buying at auction? U buy straight off visuals?

@isldgal Месяц назад

Manheim Auction gives you 221 miles and/or 7 days to return the car

@phillybred8580 6 месяцев назад

Thank you

@MalikBaggz 11 месяцев назад

I’m in South Carolina, I’m looking to get my feet wet. Without a car dealer license you only could sell cars 5 per year limit. Any other recommendations?

@hakeemsaboor8226 2 года назад

do you have to have a surety bond and insurance or is it one or the other? if so do you have any suggestions for who to go with for insurance?

@fedicamptv Год назад

I got a car for 1,000 sold it for 2,000 3 days later. It’s not that hard bro 😂

@Rodrigo-kz5tq 7 месяцев назад

Can 2 ppl start this up & any advice after?

@CHUCKSDAILYHUSTLE 7 месяцев назад

Indeed

@manueljohn1458 2 года назад

Wadup chuck !!! ..... ✌️.

@CHUCKSDAILYHUSTLE 2 года назад

What’s going on sir

@joeyhayes7352 11 месяцев назад

How do I sell more than 4 cars because the legal state max is 4 in a year

@zayday6777 Год назад

It's not a double up on profit , you spent $1300 so you get your money back and $1700

@Baylorbetterthanbrown 9 месяцев назад

Subscribe to you cuz you told the truth

@thelastprophet4578 2 года назад

Yo, I would love a consultation with you fam.

@CHUCKSDAILYHUSTLE 2 года назад

Hey boss to set it up reach me at IG chucks_dailyhustle or my email is chuck.collabnow@gmail.com

@thelastprophet4578 2 года назад

@@CHUCKSDAILYHUSTLE just hit you on ig

@andrerobinson5867 2 года назад

Good stuff, can I store any cars at home (no selling) just storage? I'm here in CA where we only need a 1 space display.

@oegesauto5619 2 года назад

I’m CA you need an office with minimum 1 display area at your office

@andrerobinson5867 2 года назад

@@oegesauto5619 Thanks, I understand that, so in this situation I would only be able Buy and Sell 1 at a time from that 1 space? Or can I store maybe 3-4 cars at home, with 1 at my display space?

@oegesauto5619 2 года назад

@@andrerobinson5867 you can store cars at home that is fine.

@williamsmith8760 10 месяцев назад

I sold my first car this year. I want that license help. How much???

@aishalaquitta5943 2 месяца назад

I don’t went through Wisconsin

@ULSB1969 Год назад

All you are saying is you need 20 grand, but you give no idea what those 20 grand go too.

@mrgmrg9943 Год назад

We’re you previous trucker?

@eugenerobinson2910 2 года назад

This video starts at 5min mark

@CharmleysChopShop Год назад

So what do you do though, you have them sign the title, and then you just wait till you sell it and then have the buyer take care of the title and stuff? So you never really mess around with the title?

@enjoythesho1992 Год назад

You can do that buts it's not the honest way

@ProdByKeys Год назад

If you’re flipping then that’s you’re only option really lol. But once you have a license that’s straight up skilly, sketchy & even more not legal to do cus now you got a license and skipping titles lol - once you have the license you can register as many cars as you want in the business’s/dealers name

@Yournamehere365 Год назад

Did you ever title skip in the beginning of it was legal in your state keep it real

@michaelbonsu9040 Год назад

can someone reply with the 21 point inspection so I can write it down on a note pad?

@squaremovement 5 месяцев назад

go to a les schwabs, point s, sun auto or other tire shop for an oil change. most of the time they do a “complimentary”, 21 point inspection to upsell you. keep the notes for the free fame

@fromthedeserts2724 2 года назад

How much can a new dealer aspect to make first two years net?

@CHUCKSDAILYHUSTLE 2 года назад

That depends on your work ethic and business model.....theres no ceiling

@jajajaja2624 Год назад

Can I wholesale under a dealer ...

@quitHackin Год назад

Yeah don’t get your dealer license so you can b able to find a bunch of good deals at the auction. First, waste your time online looking at way overpriced cars. Horrible advice.

@franklinauguste415 Год назад

Haha your a clown of all trades

@jonassimpha6773 Год назад

Remember, he said, get your feet wet first before you jump out there😎

@abubacar862 2 года назад

❤️❤️❤️❤️❤️ Nice

@VOLVO2LUV 2 года назад

HEY

@CHUCKSDAILYHUSTLE 2 года назад

What’s up my guy

@romansh1357 7 месяцев назад

I do not want to have my feet wet man

@flopez425 Год назад

Dude u didn’t mention shit about the actual process

@wanderingknight10 Год назад

Never answered the question of how much money does it take to get a dealership license which is what the title says. Terrible

@synoladesignsboutique Год назад

At least $2500- $3k

@servantofTheFatherSonSpirit1 Год назад

Wishing you would stop flooding the dealer auction with incompetent people which drives up competition, which makes it hard to be a legitimate dealer because the market is being flooded with people who is not doing it correctly and by the book. One person gets in then they let their brother, sister, cousin, their aunt, their grandma, their friends and whomever else.

@diesel961 Год назад

If you can't beat incompetent people then you're pretty much very incompetent

@1ute Год назад

How to I do it in a legit way?

@giooo3110 Год назад

Can a felon get dealers license ?

@iamjoedaddy Год назад

Most likely not depends on the conviction. Look up your state licensing requirements and it should have a link to disqualifications.

@grancampeon3151 Год назад

Yes you can. But It depends on the nature or your conviction. Especially if it has to do with Fraud or Money Laundering, you're likely to get automatically declined

@romansh1357 7 месяцев назад

Man becoming dealer sucks

@CHUCKSDAILYHUSTLE 7 месяцев назад

Not true at all, atleast not everyone. You have to have passion for what you do. Find your lane and stick to it and you will be good!!