How much will it cost to start a used car dealership ?

Question

let's say i rent a lot that can fit about 12 cars with a trainer office. how much will it cost to start a dealership like this including the license and such ?

Thanks

Answer 1

You are looking at three aspects as far as the cost goes

a) Licensing fees----less than 20 cars/year bond is $10,000

b) 6 hour online course required by Dmv--------$150-200

c) Working capital-----------about $20,000

I hope it helps