FAQs

 

For your convenience, our most common customer questions are answered right here.

Have more questions? Reach out to us on the Contact Us Page

Q. Is this an Indiana Dealer License?

A. No we don’t offer Indiana Dealer Licenses.

 

Q. How does the Dealer Licensing process work? 

A. You will work with a corporation that owns the dealership and will be assigned a Dealer Rep status. As an apprentice, you will be bonded, insured, licensed and trained as a car dealer.

 

Q. Can I attend dealer only auctions? 

A. Yes. Apprentices can attend dealer only auto auctions. Some used car dealer only auto auctions sell up to ten thousand used cars a day and so taking part in dealer only auto auctions is one of the main advantages of the dealer apprentice program.

 

Q. Is this Dealer License in my home state? 

A. We normally try to find a dealership in your same state.

 

Q. What states are you currently able to help acquire an auto wholesale dealer license? 

A. Currently all 50 States.

 

Q. Are the dealer plates ( hard plates ) insured and registered?

A. Yes, the dealer plates are insured and registered with their state of origin.

 

Q. How long does it take to get set up with a dealer license? 

A. If you complete all the formalities and submit all the necessary documents then it will take us less than a week to get you a dealer license.

 

Q. Is it legal to use someone’s license? 

A. You are not renting a dealer plate nor renting a dealer license, both of which are illegal. Each apprentice buys and sells the cars as a representative for the Corporation and owns the profits he or she makes. 

Q. Is there any training that I need to complete? 

A. Yes. You will want and need to complete the training to be successful.

 

Q. How much does it cost to get a dealer’s license? 

A. Depends on the state. The average is around $8,000. Most dealerships cost around $1500-$3000 per month to keep open. As an apprentice, you are only responsible for your monthly membership fees which are considerably less.

 

Q. Do I need to have a drivers license, current insurance, and a banking account to be an apprentice?

A. Yes. If you do not have this documentation, you cannot apply to be an apprentice. No exceptions will be made for anyone.

 

Q. Will I have access to a line of credit at the auctions?

A. The Dealers do not offer any type of credit line for the apprentice. All sales at auctions are typically cash sales and need to be paid within 24 hours. Financing is the sole responsibility of the apprentice.

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