Become an Auto Wholesaler

1Get a wholesale auto license. This is essential to become an auto wholesaler.

2Find out the rules and regulations regarding the limits of an auto wholesaler in your local state. For example, in the state of Florida, the wholesale dealer licensees may only buy from, sell to, and deal at wholesale with other licensed dealers.

    The general requirements of getting a wholesale auto license includes contacting your local DMV office, getting approval of a business location by a DMV representative, completing a dealer training seminar, completing specific forms and showing proof of liability insurance.

3Know the difference between being an auto wholesaler and an independent dealer. If you are looking to start a business and sell to the public, then you are interested in becoming an independent dealer. Unlike auto wholesalers, they are permitted to do business at retail or wholesale.