#cardealer wholesale or retail???

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In California there are two basic types of dealer licenses:

Retail Dealer License

Wholesale Dealer License

There is one endorsement allowed on either license as long as you post a $ 50k Bond and can post a sign:

Autobroker Endorsement

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With a retail car dealer license, you can sell cars to the anyone.  You can sell cars to the public, you can sell cars to dealers, you can sell cars to auctions. Retail licensed dealers may also sell on consignment. When you have a retail license you are automatically a wholesaler as well.

With a wholesale car dealer license, you can only sell cars to dealers and auctions.  Wholesale car dealers wishing to sell a car to the public need a retail licensed car dealer to ” draft ” their sale. This ensures that the vehicle is registered properly with the DMV and the correct sales taxes are paid. We offer “drafted sale ” services to our students who obtain a wholesale dealer license and insurance.

We always suggest a retail car dealer license, if possible. Zoning restrictions are stricter but there is more money in retail.  Wholesale dealers turn over more cars buying right and selling them at the dealer auctions.

Retail Car Dealers & Autobrokers must post a $ 50k Bond.

Wholesalers selling 24 cars per year or less must post a $ 10k Bond

Your Car Dealer Bond

https://cardealerbondnow.com/index.php?subproducerID=Tristar%20Motors

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#realcardealerschool

http://gotplates.com

800-901-5950

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We are the only DMV Certified Car Dealer School

owned by an actual Retail Car Dealer

with an Autobroker Endorsement

Teaching quality dealer education since 1998

DLR License 35862

DMV Teaching License CCC0004