How to get a dealer license in California. 

Thanks

@@oegesauto5619can I sign up to be a sales person with you? I'll pay my fees and everything. We can talk about it in person or phone

Thanks for watching 👍

I have a quick question how do I go by setting up an LLC with me being under another dealer license as a dealer rep putting tittle and do taxes write off expenses and getting business credit

@@antlivetheentrepreneur4478 I don’t think you can setup an LLC a Rep. All the paperwork you will have will be under the dealers name so they own the cars because they have the license. I could be wrong but that’s how I think it is.

honest opinion bro i respect what your doing bro i hope u get some were far in life . im 20 at the moment i watched the video over and over just to soak up the knowledge you were giving out to the people ima just do it like you said 💯

@@josiahsalinas3214 thank you !

Can you make a video to explain how dealers pay their taxes i need to know before i make steps a head

Yea I got lucky .

Yeap all cash to start off, and yes Copart cars definitively need recon but every used car will. I try to take on the ones that need the least amount of body work. Quick movers ..car business is good at times and slow at times but definitely FUN lol

@16FJ247 so how long have you been into car dealership

I’m going to hit the 1 year mark very soon 🎉

Do you know what will disqualifications are on the live scan? Like if felons need not apply...

For wholesale only it can be not for retail

1 yes for wholesale license you still need to take the test. 2 it will definitely help you but it’s hard to say you will make a profit. You can find good deals on crashes cars and you got a good body shop guy . It may take some trail/error .

@@oegesauto5619 Thank you for your response

It took about 3/4 months for everything

Nice! I just finished the test and submitted my application and that's where I'm currently at. How long do they usually take for the next step?

@@edwinromero361 it can take anywhere from 2-4 months

@@anthonyjohnson498 it could . Most likely for wholesale , potentially even retail depending on the location . It all depends on the zoning in the area .

He man you can reach me on my IG @19junior23. You’re in CA so very similar process I’m from Los Angeles

Thanks man. So for a wholesale dealer license meaning you can only buy cars from one auction and sell it in another auction , you can use your place of living but the office in your home must have its own entry so like maybe your garage. For retail license you do need an office in a commercial building

@@oegesauto5619 Thank you for replying! For the commercial building office, is it able to be on the 2nd floor? Or does it have to be on the first floor? Thanks again man!

@@joseg3525 any floor is fine.

@@joseg3525 for retail dealer you will also need a parking space with the proper signs if you’re in California.

@@oegesauto5619 Awesome man! Thanks for your time. I saw you mentioned you only need 1 space? I've heard you need 2? And yes I'm in California as well. Thank you for your help and congrats!

Any Suggestion on an approved location with a display area here in the inland Enpire?

@@andrerobinson5867 not familiar with the IE but you can check commercial building and Craigslist make some calls .

Thanks for watching

The bond you need is 50K for retail , but it’s cheaper . It depends on your credit for the price

@@Octanejunkiess everything . Your parking spots with proper sign and that they are not easily removable. They have a checklist I don’t remember everything at the moment. For sure all sings up

For wholesale it’s possible. But not for retail

For that you may need a dismantling license . Depending on how big of a business you want to do that as, but I’m not to sure on how dismantling works

At that point I was waiting for my paperwork to be approved. Seller permit is for your state tax agency . If you’re in California would CDTFA

Good credit will help but if your credit is not the best, I think it’s still a good rate . My opinion

Yes

It’s a fingerprint scan similar to l a background check

Can’t they don’t allow public in because that drives the prices up.. then it is not a wholesale marketplace anymore. They used to allow it about 25 yrs ago

This is the hardest part trying to find the right location. Try checking Craigslist and also driving around your area. The office has to be zoned for dealers where ever you decide to rent

Usually the areas where there are a lot of mechanic shops and other independent dealers, parts places, etc. There is a reason cities have them grouped all in one area that isn’t a coincidence.. some rural counties have much less strict zoning laws

It can be, you just have to sell more units as a wholesaler. The car market is a little uncertain especially around this time of year. Even as a wholesaler you will still need a home office with a separate entrance.

Insurance for your cars and dealer bond .

You can probably work out the terms with a dealer . I’m sure they will charge you a fee if they’re willing to bid on a car for you.

Great question if I remember correctly it’s only once .

You have to renew it every year or you can pay double and get a 2 year bond

Yes, when you are filling out the application for your dealer Bond, they will ask you for it. when you are filling out your application for the DMV they will ask you for it as well.

Test first Then you can get the bond.

@@oegesauto5619 Thanks , I need to call DMV for make a test? I didn't find it on the dmv website

That depends on your location. You can call them directly and ask if an appointment is needed.

Location, dealer bond, if you’re in CA sellers permit

@@oegesauto5619 I still haven’t taken the dmv test, can I just schedule that ? Or they want all of paper work, yes I am in California

With wholesale you can buy vehicles anywhere (auction,direct from people) and then you can resel at auctions. You will get a personal license plate that allows you to drive the cars as needed to conduct business (take for oil change, detail shop etc) technically you cannot use as a personal vehicle but if you’re “test driving” the car you should be ok . You can go on as many test drives you like :). And you can’t transfer them to your name but try to find a retail dealer who can help with the transfer for a small fee

@@oegesauto5619 OK great, thank you for the reply.

You can use dealer plate on your own vehicle you will always be driving inventory as a dealer

From dealer only auction yes . You still have the option of public auction.

You can use your surname and add and apply for the LLC . The DBA would be if you don’t use your surname . DBA and LLC are completely different things .

@@oegesauto5619 which one did you pick?

@ralphiesmokes I used DBA for now eventually would like to grow into LLC

@@oegesauto5619 right on bro thank you!

My personal IG @19junior23 hit me up

Not yet, it’s been 3 weeks so far DMV said the process takes 4-6 weeks . The bad part is Rent is still due every month

Finally got my temporary license and tags .

@@oegesauto5619 OK, cool I'm still setting up my office location and signage. I have my Bond and everything ready, and as soon as my office and display area is set up I should be ready to submit my application. How many Plates should I get? Or how many did you order?

@@andrerobinson5867 perfect good luck to you . I only applied for one plate however I only got a temporary plate, they said the original will arrive in 6 moths, yes 6 Months 😯

@@oegesauto5619 Have you started buying or going to auction yet?

Once you submit your application honestly, for me it was quick. It took about 30-60 days total . But you will need a location already .

Yes pretty much

Yes, I am in the beautiful southern California Los Angeles. And wholesalers and retailers buy from the same auction for the most part.

@@oegesauto5619 I know a dealer who goes to these dealer auctions and helps me buy thru his lic. I'll give him my max bid for the vehicle I want and he will buy it and i pay him cash on the day that the auction sold it. I do give him a small commition for the favor and pay any auction fees that come with the car. But I need to find another back up since he's getting ready to retire and won't do this anymore. Do you know anyone that is cool like this or what you recommend. How can I find another dealer willing to help?

I used google and went with the one that had the best reviews for my state . I’ll try to find a link

@@oegesauto5619did you ever find the link?

You can sell to other dealers yes. Or resell at auctions

The dealer class ?

Can’t be a dealer Mobil

Test at the DMV in a computer

Not for retail . For wholesale only if you have a home office

Also depends on the state

It’s a dealer class I used Google to look up a few and they also have a few listed on the DMV website.

It can vary to be honest. If you good with paperwork you will save a lot of $ doing it yourself

I googled a few and did the one with the best review

And what was the class you found when you Googled it.. thank you for your information can you post the link you used

Ty!!

For retail sales you cannot use a house as an office. For wholesaling vehicles you can use a home office. But it needs to have its own entrance from the exterior. Hope that helps. I have a commercial office where store a few cars and have an office.

I think they might be asking about a sales person license and not a dealer license .

Depends on location rent . But around (estimate) 3K

You need to take a DMV dealer license class .

Ya lot of time, but you can get this all done with less than 20K .

Hi Victor some auctions yes .

They will come out to inspect

@@oegesauto5619 How long did it take you to be up and running after inspection?

After inspection the next I was ready

You can start goin to auction locally and see what prices are . That way you have an idea , I think prices are still high.

@@oegesauto5619 What do they look for inspection? I have mines tomorrow 😅

I’m in Los Angeles and I did a class recommended by CA DMV I’ll see if I can find the name

@@oegesauto5619 ah okay im over here in SD lmk if you find it. And thanks.

On IG I’m at 19junior23

Bond. It’s like an insurance almost . But more for the customer

Good question, I think you may have to pay a little more to add commercial sales to the license . On the application you can check what you will be selling, (used cars, motorcycles, commercial cars etc) .

@@oegesauto5619 Thank you so much. You really simplified this whole process. Definitely looking into this soon.

@@oegesauto5619 I just ran into this question in my dealer101 class, there is no additional cost for choosing commercial, motorcycle, RV etc.. So you’re able to choose even all of them and not get charged. Which is pretty cool.

You mean to sell new cars ? Or used ?

@@oegesauto5619 new cars

@@desirejames5417 new cars is a lot different. You may need to franchise but I’m not sure how that works to be honest . I know it’s similar but also different

@@oegesauto5619 I just finished the certificate the exam smidgen pay a fee for new car dealer license.

Then you will have to find another location unfortunately. Look into the zoning first that way you know it will be approved

@@oegesauto5619 Hi !! I have plenty of small dealers around my house... how do you negotiate using their location? Is there a way of doing this ? tHANKS in advance

Hi, you cannot share a lot from my understanding.

@@oegesauto5619 Thanks for answering ! Ok got it, based on your experience, roughly how much are commercial offices going for in Los Angeles ? I might have to go that route