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We help you get New York and Florida Auto Dealership Licenses
 

 How To Start an Auto Dealership in NYC?

To sell vehicles retail or wholesale in New York, you must be registered as a dealership with the Division of Vehicle Safety Services at the New York Department of Motor Vehicles. The process of becoming an auto dealership is fairly involved, as the industry is highly regulated, but if you take it step by step you'll find it more manageable. Here's what you need to know to get started.

First off, do you even need to register as a dealer? Obviously, you are permitted to sell a vehicle in the newspaper as a private-party transaction without a dealer license. However, you must register as a dealer if the following applies to you:

·         {C}You bought the vehicles in order to resell them AND one of the following:

 

§  {C}You display three or more vehicles for sale at one time on premises that you own or control

§  {C}You display three or more vehicles for sale within one month at such a location

§  {C}You sell six or more vehicles in a calendar year

Note that the above applies to dealers of motor vehicles, motorcycles, and trailers, not mobile home trailers.Requirements

If you've established that you're required to register as a dealer, the first thing to do is read the Motor Vehicle Dealers and Transporters Regulations publication from the DMV. Forty-five pages of requirements, regulations, and responsibilities might turn you off to the whole idea (not to mention another 45 pages of sample dealer forms)―but again, it's all doable if you're committed to it, so soldier on.

You'll need to lay the groundwork for registering as a dealer by obtaining the following:

§  {C}A business certificate from your county clerk

§  {C}If you'll have employees, a federal employee ID number and proof of worker's compensation and disability insurance coverage

§  {C}A sales tax number and a copy of the Certificate of Authority issued by the New York State Department of Taxation and Finance (assuming you will collect sales tax)

§  {C}Proof of insurance that will cover vehicles owned or operated by the dealer and sporting dealer plates

§  {C}A surety bond in an amount ranging from $20,000 to $50,000, depending on the type of dealership

§  {C}Franchise agreements with manufacturers of new vehicles you intend to sell (not required for selling used vehicles)

§  {C}A statement of ownership or permission to use the place of business

§  {C}A photocopy of the driver license or non-driver photo ID from the company's owner, president, or partner

You'll need to include all items in the above list when you send in your application, along with the appropriate application and business fees. You'll also need to have the following, which will be inspected as part of the review process for your application (these are explained further in the regulations: 

§  {C}Satisfactory premises in the state of New York with proper security for business records and display space for vehicles

§  {C}A permanent sign

§  {C}Bills of sale and other forms dealers use, and a book of registry for record keeping.



_________________________________________________________________________________________________________

There are few businesses that are as unique as automotive dealerships in this country, and for some people, the challenge of being at the helm of one—or at the top of a region chain, with many stores under the umbrella—seems like an irresistible challenge. If you’re one of those people, and you’re wondering what to do to get started, well, look no further.

Getting Started

Because the vast majority of dealerships are independently owned, the path to ownership is a bit unusual. But just like any industry, there are certain steps that need to be taken in order to get started.

The first thing to do is to get certified. Each state offers a certification class, which you will need to take before taking the certification exam (there is usually a fee for taking the exam). Once you’ve passed the exam, it’s time to move on to the next step.

Location, Location, Location

Cars and trucks are a physical product, and you will need an office, showroom, and lot. So the first task will be to find a suitable location. You’ll also need to decide on a name for the store. After that is done, you will need to decide if you are going to sell used or new cars. Should you choose to sell new cars, you’ll need to enter into a franchise agreement with a manufacturer—this usually has to be bought. Automakers will likely have their own requirements that they expect their dealers to meet, such as having a certain exterior design.

Fill Out The Required Paperwork

Once you’ve chosen a location, secured a franchise agreement if necessary, and decided what type of cars to sell, you’ll need to work with your local government to get the usual building permits and zoning approval. You’ll also need a Web site to help attract business.

After receiving approval from your local government, you’ll need a surety bond, which you can secure based on your credit history (you may need additional collateral if your history is shaky). A surety bond is an agreement that says that you, the dealer, will honor all the fees that are associated with the store, and the amount will be no less than $10,000. You will also need a business license.

Obtaining Capital

If you aren’t moving into an existing structure, then you’ll obviously need to obtain capital and build a facility. Capital can be obtained through a bank loan. Once the building is finished, you’ll need to stock it with the usual items: Furniture, computers, telephone lines, fax machines, printers, filing cabinets, cubicles, plants, signage, decorations, and most importantly, cars and trucks.

Final Steps

The final step is to pass a Department of Motor Vehicles inspection, once that’s done, you’ll be granted dealer license plates and other state-issued forms.

Of course, those are just the basic bureaucratic hoops. But there’s more to it than that. You’ll need to learn the business first, perhaps by selling cars, managing a dealership, or working for an auto manufacturer. There are even colleges that have curriculums that teach students how to own and manage a dealership.

You’ll also need to obtain the capital to start, which can be difficult if you cannot get approval for a bank loan. And you’ll need to choose locations carefully should you choose to become a franchisee for an original equipment manufacturer (OEM)—automakers don’t like it when their dealerships are too close together.

Other Considerations

Another aspect that must be considered is the service aspect—most dealerships also offer car repairs along with auto parts sales, and franchise stores that perform repairs will need to honor manufacturer’s warranties. The parts and service side of the business—referred to as “fixed operations”—can be very profitable if managed correctly, so it’s wise not to overlook this part of the business.

Most importantly, you’ll need to ability to work hard. Running a business is a labor of love, and since customer service and retail sales are the lifeblood of car dealerships, that means that maintaining a good reputation with the public is a must. The best way to keep customers coming in the door—thus maximizing profits—is to work hard. Otherwise, all the above steps will go for naught.

If you follow the appropriate procedures, make good business decisions, and work hard, you too can become an auto dealer.

______________________________________________________________________________________________________________

Here at advantage we can help you step by step to start your great auto dealership business venture. Simply give us a call at: (929) 290-8609 or Come by our office located at: 88-45 164th Street, Jamaica, NY 11432 

Thomas McGovern, MBA, CVA
Sanjay Agrawal, President
Kedar Gupta, Director
Augustine Sampa, Director
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Notary, Notary Public, Contractor Insurance,  Corporate Formation, Advertising Agency, Marketing plans, Advertising plan, BUSINESS INSURANCE NYC,  (718) 558-5532  WE OPEN CORPORATIONS,  INCOME TAX PREPARATION, INCORORATION, NOTARY, NEW YORK CITY BUSINESS INSURANCE, BUSINESS PLANS, COMMERCIAL INSURANCE,  BUSINESS OWNER INSURANCE,TAX IDENTIFICATION NUMBERS, SALES TAX, PAYROLL TAX. LOW COST BUSINESS INSURANCE, SMALL BUSINESS INSURANCE, FREE QUOTE, 1040, IT-201,  941, 1120, 1120S, CT3M/4M,  OPENING SMALL BUSINESS IN QUEENS NY, INCORPORATING IN NEW YORK STATE, WORKERS COMPENSATION INSURANCE, PENALTIES REDUCTION, ELIMINATE FINES PENALTIES, SMALL BUSINESS INSURANCE, INCORPORATE FILING RECEIPT, EIN NUMBERS, EMPLOYER IDENTIFICATION NUMBERS, ITIN NUMBERS, INDIVIDUAL TAX IDENTIFICATION NUMBERS, 24 HOUR NOTARY SERVICE, NOTARY, NOTARY PUBLIC, TYPES OF INSURANCE, TYPES OF TAXES IN NYC, CONTRACTOR BONDS, CONSTRUCTION BONDS, BUSINESS PERMITS, CONTRACTOR INSURANCE, BUILDING PERMITS, BUSINESS LICENSES AND PERMITS NEW YORK CITY, JAMAICA QUEENS, OPENNING A STORE IN NYC, BUSINESS CERTIFICATE DBA, SALES TAX CERTIFICATE, CERTIFICATE OF AUTHORITY, GUARNISHMENTS, PROBLEMS SOLVED, LEINS, LEVIES, JUDGEMENTS, BOOKKEEPER, BOOKKEEPING, ACCOUNTANT, ACCOUNTANTS, CPA NEEDED, C.P.A. NEEDED, CERTIFIED PUBLIC ACCOUNTANT WANTED, TAX ACCOUNTANT, RAPID REFUND, FAST REFUND, BIG REFUNDS, INCOME TAX REFUNDS, RAL, REFUND ANTICIPATION LOANS, SURETY BONDS, HOME IMPROVEMENT CONTRACTORTS LICENSE TEST, HOME IMPROVEMENT CONTRACTORS INSURANCE, NASSAU COUNTY, KINGS COUNTY, NEW YORK CITY. BROOKYLN, HOW TO START A BUISNESS IN NEW YORK CITY ?, STARTING A BUSINESS IN NYC, PAYROLL SERVICE, INCOME TAX DUE DATES, FILINGS, TAX DUE DATES, TAX MAILING ADDRESS, INCOME TAX MAILING ADDRESS, NYC Department of Health and mental hygiene food service provider applications WC/DB-100, FLUSHING, CAMBRIA HEIGHTS, QUEENS VILLAGE, ST. ALBANS, HOLLIS, SPRINGFIELD GARDENS, LAURELTON, RICHMOND HILL, SOUTH OZONE PARK, WOODHAVE, REGO PARK, FOREST HILLS, CORONA, HOWARD BEACH, BELLROSE,  BAYSIDE, FOREST HILLS, JACKSON HEIGHTS, JAMAICA, HOW DO I OPEN A BUSINESS IN NYC ? BUSINESS TAXES

 

We service the following areas: Queens, Brooklyn, Manahattan, Bronx, Staten Island, Kings County, Richmond County, Nassua County, Suffolk county,Astoria, Ditmars, Steinway, Bayside, Bay Terrace, Oakland Gardens, Belle Harbor, Bellerose. Breezy Point. Broad Channel. Cambria Heights. College Point. Corona. Douglaston, Douglas Manor, East Elmhurst, Elmhurst, Far Rockaway, Arverne, Bayswater, Edgemere, Flushing, Auburndale, Kew Gardens Hills, Floral Park, Forest Hills, Forest Hills Gardens, Fresh Meadows, Glendale, Glen Oaks, Hollis, Hollis Hills, Holliswood, Howard Beach, Lindenwood, Jackson Heights, Jamaica, Briarwood, Jamaica Estates, Jamaica Hills, South Jamaica, Kew Gardens, Laurelton, Little Neck, Long Island City, Hunters Point, Ravenswood, Queensbridge, Maspeth, Middle Village, New Hyde Park, Ozone Park, Queens Village, Rego Park, LeFrak City, Richmond Hill, Ridgewood, Rockaway Beach, Rosedale, Saint Albans, Springfield Gardens, South Ozone Park, Sunnyside, Whitestone, Beechhurst, Malba, Woodhaven, Woodside--- All of New York State


Queens Neighborhood with zip codes

Arverne , 11692, Astoria Heights , 11370 , Astoria , 11102, 11103 , 11105 , Auburndale , 11358, Bay Terrace , 11360 Bayside , 11359, 11360, 11361 Bayswater , 11691 Beechhurst , 11357 Bellaire , 11427, 11428, 11429
Belle Harbor , 11694 Bellerose , 11426 Blissville , 11101 Breezy Point , 11697 Briarwood , 11435 Broad Channel , 11693 Cambria Heights , 11411 College Point , 11356 Corona , 11368 Ditmars , 11005, 11370 Douglaston , 11362, 11363 , Dutch Kills , 11101 , East Elmhurst , 11369, 11370, 11371 , Edgemere , 11690 , Elmhurst , 11373 , Far Rockaway , 11096, 11690, 11691, 11692, 11693, 11694, 11695, 11697 ,  Floral Park , 11001, 11002, 11003, 11004, 11005 , Flushing , 11351, 11352, 11354, 11355, 11356, 11357, 11358, 11359, 11360, 11361, 11362, 11363, 11364, 11365, 11366, 11367, 11368, 11369, 11370, 11371, 11372, 11373, 11374, 11375, 11377, 11378, 11379, 11380, 11381, 11385, 11386, 11390 , Forest Hills Gardens , 11375 , Forest Hills , 11375
Fresh Meadows , 11365, 11366 , Fresh Pond , 11385 , Glen Oaks , 11004 , Glendale , 11385 , Hammels , 11693
Hillcrest , 11365, 11366 , Hollis Hills , 11427 , Hollis , 11423 ,  Holliswood , 11423 , Howard Beach , 11414
Hunters Point , 11101 , Jackson Heights , 11372, 11370 , Jamaica , 11405, 11411, 11412, 11413, 11414, 11415, 11416, 11417, 11418, 11419, 11420, 11421, 11422, 11423, 11424, 11425, 11426, 11427, 11428, 11429, 11430, 11431, 11432, 11433, 11434, 11435, 11436, 11439, 11451, 11499 , Jamaica Estates , 11423, 11432
Jamaica Hills , 11432 , Kew Gardens Hills , 11367 , Kew Gardens , 11415, 11418, 11424 , Laurelton , 11413
LeFrak City , 11368 , Linden Hill , 11354 , Lindenwood , 11414 , Long Island City , 11101, 11102, 11103, 11104, 11105, 11106, 11109 , Little Neck , 11362, 11363 , Malba , 11357 , Maspeth , 11378 , Meadowmere , 11422
Middle Village , 11379 , Murray Hill , 11358 , Neponsit , 11694 , New Hyde Park , 11040, 11042 , North Shore Towers , 11005 , Oakland Gardens , 11364 , Ozone Park , 11416, 11417 , Pomonok , 11365 , Queens Village , 11427, 11428, 11429 , Queensboro Hill  , 11355 , Queensbridge , 11101 , Ravenswood , 11106 , Rego Park , 11374 , Richmond Hill , 11418 , Ridgewood , 11385, 11386 , Rochdale Village , 11434 , Rockaway Beach , 11693
Rockaway Park , 11694 , Rosedale , 11422 , Roxbury , 11697 , Saint Albans , 11412 , South Jamaica , 11435, 11433, 11436, 11434  , South Ozone Park , 11420, 11436 , Springfield Gardens , 11413 , Sunnyside Gardens , 11104 , Sunnyside , 11104 , Tudor Village , 11417 , Whitestone , 11357 , Willets Point , 11368 , Woodhaven , 11421 , Woodside , 11377 , 

 

Brooklyn Neighborhood with zip codes

Albemarle-Kenmore Terrace, 11226, Bath Beach 11214, Bay Ridge, 11209,  Bedford Stuyvesant, 11216, Bensonhurst, 11214, Bergen Beach, 11234, Beverley Square East, 11226, Beverley Square West, 11226, Boerum Hill, 11201,11217, Borough Park, 11219, Brighton Beach, 11235, Broadway Junction, 11233, Brooklyn Heights, 11201, Brownsville, 11212, Bushwick, 11221, Canarsie, 11236,  Carroll Gardens, 11231, Caton Park,   11218, City Line, 11207, Clinton Hill, 11205, Cobble Hill, 11201, Coney Island, 11224, Crown Heights, 11225,11213, Crown Heights North, 11213, Cypress Hills, 11208, Ditmas Park, 11226, Ditmas Park West, 11226, Downtown,11201, DUMBO, 11201, Dyker Heights, 11228, East Flatbush, 11203, East New York, 11207, 11208, East Williamsburg, 11206, Farragut, 11210, Fiske Terrace, 11230, Flatbush, 11226, Flatlands, 11236, Fort Greene, 11205, Fort Hamilton, 11209, Fulton Ferry, 11201, Georgetown, 11230, Gerritsen Beach, 11229, Gowanus, 11231, Gravesend, 11223, Greenpoint, 11222, Greenwood Heights, 11232, Highland Park, 11207, Homecrest, 11239, Kensington, 11218, Mapleton, 11204, Madison, 11229, Manhattan Beach, 11234, Manhattan Terrace,  11230, Marine Park, 11234, Midwood, 11230, Midwood Park, 11210, Mill Basin, 11234, Mill Island, 11234, Navy Yard, 11205, New Lots, 11236, North Side, 11211, Northeast Flatbush, 11212, Ocean Hill, 11233, Ocean Parkway, 11230, Paerdegat Basin, 11236, Park Slope, 11215, 11217, Plum Beach, 11235, Prospect Lefferts Gardens, 11225, Prospect Heights, 11217, 11238, Prospect Park South, 11217, Red Hook, 11231, Remsen Village, 11236, Rugby, 11203, Sea Gate, 11224, Sheepshead Bay, 11235, South Midwood, 11210, South Side, 11210, South Park Slope, 11215, Spring Creek,        

11239, Stable Brooklyn, 11218, Starrett City, 11239, Stuyvesant Heights, 11216, Sunset Park, 11220, Vinegar Hill, 11201, Weeksville, 11233, West Midwood, 11230, Williamsburg, 11206,11211, Windsor Terrace, 11218, Wingate, 11203, 

 

 

 

 

 

 

 

 


 


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Advantage Brokerage, Inc

NYC Business Insurance
164-03 89th Ave Ste. 1-C

Jamaica, New York 11432

New York City Business Insurance

8845 164th St, Jamaica NY 11432 

Queens County, New York City, N.Y.C.
Phone: (929) 290-8609

New Location opening in Brooklyn, NY

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