HOW TO BECOME
AN AUTO DEALER

This FREE ebook guide is designed to help aspiring dealers understand all the steps involved in launching their own dealership!

What's in the ebook?

An overview of the auto
dealership industry

A detailed explanation on the
steps involved in opening a
dealership

A table with licensing
information for all 50 states

Tips on reducing your bond
premium

Chapter breakdown

Introduction

Auto dealer industry overview

Why open a dealership?

Considerations

Benefits of becoming a dealer

Industry forecast

How dealerships operate

Most common types of dealer license

Launching your dealership

Business requirements

State requirements to open a business

Cost of opening a dealership

Licensing requirements

Pre-licensing training and examination

Business location

Zoning requirements

Insurance

Criminal background check

Surety bond

Inspection

Odometer statements and Warranty forms

Application

Fees

State licensing requirements

State and federal laws

Auto dealer industry overview

Why do you need an auto dealer bond?

Cost of getting bonded

How to avoid surety bond claims

How to finance your auto dealership

How to acquire cars for your lot

Conclusion

About Lance Surety Bonds

Lance Surety Bond Associates, Inc. is a surety bond agency based out of southeastern Pennsylvania and able to write all surety bond types in all 50 states. Through our vast network of markets, we can offer customers with a number of specialty programs for all types of srety bonds. Feel free to contact us with any questions related to bonding!