Business license, assumed business name certificate, tax resale number. Plus your location, rent/utilities/phone. And some cars to sell.
Yes, I did.
To begin a used car business there maybe several sources of funds to buy or lease a lot for the cares and the cash needed to buy used cars. Small business loans may be received from state or federal agencies. One can also use their own funds. Another way to stock up on used cars is to offer a seller of a used car to place that car on your car lot and offer the owner a good percentage of the sales if the car is sold. Perhaps a 50-50 deal might be a good start.
First you will need a business plan. Then you should shop it around to find investors who are interested in supplying money needed to start a business. You can also look for government sponsored small business loans.
First, work for a used car dealer atleast 6 to 12 months. Then prepare a good used car dealer business plan. Go from there.
One of the ways to start a used car business from home in Illinois is to start off with three or less cars. Someone can also sell the cars on behalf of a person who keeps the cars elsewhere until an interested customer is found.
The battery
You can go to ehow.com and type in car rental business in the search box
When starting any business, one will want to research business laws in the local area. For a used car dealership, one will also need to establish an inventory, get proper licenses and insurance, and secure a location.
about 150k
buy a car and rent it out
One can start their own car valeting business by first preparing a business plan. Once one has one, a lot needs to be purchased for the car valeting business to operate on, supplies need to be purchased, and employees need to be hired.
Get a sponge and wash a guys car. Get money from them. Repeat.