WILL I BE SELLING CARS WITH A WHOLESALE OR RETAIL LICENSE?

You will be selling cars with a retail license.

DO I NEED TO HAVE A CAR LOT IN ORDER TO SELL CARS?

One of the main benefits of our program is that you do not need a car lot in order to sell cars at retail. This is a work from home opportunity so it is perfectly fine if you decide to only sell cars online.

WILL I HAVE TO PAY ANY ADDITIONAL OR TRANSACTION FEES FOR CARS THAT I SELL TO THE PUBLIC?

There will not be any additional or transaction fees for each car that you sell to the public. As a authorized agent of a dealership, you will be able to complete each transaction yourself with the documentation that you would be provided with.

WILL I OWN THE DEALERSHIP OR WILL I BE A MEMBER OF SOMEONE ELES'S DEALERSHIP?

This is a co-op dealer program. Therefore, you would be a member of someone else's dealership. However, as a authorized member, you will be permitted to purchase cars at dealer auctions and sell them to the retail buyer.

WHICH AUCTIONS WILL I BE ABLE TO ATTEND?

You would be able to attend any dealer auction nationwide. You will have immediate access to all of the major auctions such as Manhiem, Adesa and Carmax. If there is an auction outside of the Auction Access network, we will be able to enroll you in those dealer auctions as well.

WHAT STATES WILL I BE ABLE TO BUY AND SELL CARS IN?

You will be able to buy and sell cars nationwide. The dealer license that you will be provided with will be eligible in all 50 states.

HOW LONG WILL IT TAKE FOR ME TO GET LICENSED TO BEGIN BUYING AND SELLING CARS?

We can you your account set up so that you are able to start buying and selling cars the same day of sign up.

IS THERE A LIMIT ON HOW MANY CARS I SELL EACH YEAR?

As a authorized representative of a dealership, you will be able to sell unlimited cars.

WILL I BE ABLE TO PICK UP THE TITLES TO THE CARS THAT I BUY AT THE AUCTIONS?

Yes, you will be able to pick up the titles for all the cars that you purchase at the auction.

WHAT DOES THE BOND AND INSURANCE INCLUDED IN THE SUBSCRIPTION FEE?

Yes, the bond and insurance is covered in the subscription fee.

WHAT DOES THE BOND AND INSURANCE COVER?

The bond and insurance covers general liability.

WILL I BE RESPONSIBLE FOR ANY NEGLIDENT ACTS OF ANY OF THE OTHER MEMBERS OF THE DEALERSHIP?

No you will not. The dealership is set up as a Limited Liability Company so each individual member is responsible for their own negligent act.

WILL THE INSURANCE COVER THE DEALER PLATES?

The insurance that we provide will not cover the dealer plates. You will need to have a personal insurance policy in order to get dealer plates.

HOW LONG WILL THE REGISTRATION OF THE DEALER PLATES BE GOOD FOR?

The registration of the dealer plates will be good for one year.

CAN I HAVE OTHER PEOPLE USE THE PLATE TO TRANSPORT CARS FOR ME?

Yes, you can have other people use the plate to transport cars for you.

DO I HAVE TO PAY THE INCOME TAXES ON THE CARS I BUY AND SELL?

Yes, definitely you will have to. You are in business and you need to pay income taxes on your profits. All members are treated as independent contractors and you will receive from the Co-op used car dealership 1099 which you need to file your income tax form 1040. You simply keep track of your income and expenses and hand everything over to an accountant who will prepare your income tax returns. Members usually report their income on a Schedule C, which is attached to their 1040 Income Tax Form.