For all the people that seem to dislike this video, let me shed some light on my thought process. Correct me if I'm wrong, but the average person is not in an immediate position to start their own dealership and open a car lot...Bond, GL insurance, Dealer insurance, monthly rent, markering, not to mention the actual inventory of cars...For those that are in a position to fund all of that, i give a general overview of the process so that you can then take that information and conduct your own research to see exactly what's required based on where you live. I apologize if you thought you were going to watch this video and a dealer's license was going to show up on your doorstep lol. The average person wants to know the easiest way to legally attend dealer auctions, and buy and sell cars without restrictions from the state. So i provide a viable and very common solution to that scenario. Not to mention, its a solution that will allow people to get their feet wet and learn the ropes before jumping all the way into a huge investment. God bless and continue watching the video whether you like it or not 😀
If anyone needs help finding a dealership to partner with message / PM me!! I can point you in the right direction completely legit and completely legal
Young man, I found this video very informative! You did an awesome job. All of my questions and those I did not formulate was answered. Pay no attention to those that try to detract from your great work. Blessings.
Searched up how to get a Dealers License as an upcoming Automotive Technology Student. Im looking to do this so I can have enough to open up my own shop and help the community around me because I know the struggle of finding cars at low prices but hopefully The Most High permits 💪🏼🙏🏼. Thanks for the Video Brother !
My girl needed a bank statement and stub last week and I was worried about her loosing her not getting her car loan 😴 but everything good now only because of deelscafe good work 👍.
This is a perfect glimpse into what it takes to even see a private auction run let alone buy win your first car. There are manny more steps along the way that can be guided through and I’m more than excited for him to explain them and tell us his experiences with them and the right moves to make to be successful in the private auction world.
Overall, this was informative and enlightening, so thanks for taking the time to put this together. The one critique is you said a few times "um, let's see, trying to think what else... (?)". Gave me the impression you were doing this on-the-fly, not being prepared for the presentation, even if informal. The good is your presentation of information did sound authentic, and YOU sounded authentic, and your demeanor came across sincere, honest, interested. Keep up the good work, and much success.
This is very real way to explain the process, I’m thinking about getting mane and this gas helped a lot. In North Carolina you can only 5 cars a year before you get licensed.
I HAVE BEEN FLIPPING CARS FOR YEARS!!! I USE BALTIMORE-WASHINGTON MANHEIM !!! I CAN BUY CLEAN GOOD RUNNING CARS FROM $400-$500 AND FLIP THEM EASY FOR $1500-$2000 ALL DAY LONG!!!
@@CEONTHEMAKING BUT THE CHEAPER CARS SELL QUICKER!!! I CAN SELL A $1500 CAR IN 48 HOURS VS A $5000 CAR IN 2 WEEKS TO A MONTH AND THE PROFIT IS STILL ABOUT THE SAME!!! I WOULD RATHER SELL THE CAR FAST INSTEAD OF DEALING WITH ALOT OF TIRE KICKERS!!!
@@dbfromdc Hey. I'm from the same area as you. Would you be open to discussing a similar partnership as he described? I'm looking to do the same thing.
Hey IGNORE The Negativity and Keep Doing Ya Thang! I Sub to your Channel and Learned alot You Didnt Have to Inform Nobody of Anything but I'm Grateful you Shared the Knowledge and Information you Obtained Keep up the Great Work!!!!✨🌟🙏🏾👌🏾
next time break down the real tea this is joke no real information just alot of beating around the bush
3 года назад+1
Hi Ceonthemaking, Thank you for sharing your knowledge and I hope that you and your family are doing good during these times. I hope that you can help me clear my confusion up on this process (please). Is there a contract between the person that's licensed to go into the auction and bid and the person that intends to buy from them? How much is their fee to usually do this?
There's not always a contract. It could be a simple verbal agreement. I suggest a contract just so it's clear what both parties are expectin beforehand. The fee is completely up to the dealer. I've heard of one-time up front fees of $2,000+, and no other fees after that. I've heard of $100 fee per car purchased etc. I would try to setup a per car purchase fee so that you're only paying if you actually buy something.
3 года назад
@@CEONTHEMAKING Thank you for your reply. Someone told me that they could get me a car at the auction for $500 along with the fees of the car and it's fees- I'm so lost! How do I make sure that I don't get taken advantage of?
What’s up my man, quick question for you. What’s the difference between a dealers license and a sales person license? I just got my salesperson license and going to buy cars under a dealer like you brought up on this video.
Sure its not very expensive to get a car dealers license. A lot of paperwork and a lot of steps that seem very overwhelming but if you break them down into Smart Goals its more manageable.
Hey I love you videos bruh you’re one of the guys if not the only one I look to for good flipping advice.. I’m a full time worker and part time flipper myself and i don’t have any interest in opening my own car lot at all. I do admit the more I flip cars the more nervous I get with the DMV flagging me (Arizona allows up to 6 before needing a license)...I’m almost at the point where I have to start putting the titles in my wife or a family members name. If I’m fortunate enough to find a dealer who will let me use their license and I make some kind of a deal to pay them a percentage off every flip what is a good percentage in your opinion?
I really appreciate the feedback bro! Glad you enjoy the videos. To answer your question, I would try to workout a monthly fee instead of a percentage of each car sale. I think doing a percentage of each car sale would make things tricky, especially if you happen to lose money on a car etc. I would shoot for $250 a month and see what type of response you get.
CEONTHEMAKING for real bruh all these other so called flippers be on some bullshit I know they full of it majority of the time. But you bring that truth to flipping no exaggeration, i follow slot of your rules and it works out, But yeah that makes better sense to work out a monthly fee i hope I can eventually find one. I’ll try and hit up a smaller local dealer and see how it goes. Appreciate it fam.
You could get a wholesale dealers license without needing a lot or office and then you can legally buy cars and still funnel them through your retail dealer contact legally and not have to stress about putting them under your wifes or family members name. A wholesale license is very inexpensive to get and you can "operate" out your garage.
Couldn’t complete the whole video you basically learned me to find someone to use there dealer license but the title says how to get a dealer license thanks but no true info
West Good brother it sounds as if we have more than afew things in common..i made a song lastyear and it sounds like the one your playing in the background.
I do the seem with a dealer lot. I just have a question he charge me tax and 100 bill for car. And I pay tax at the auction too. I just feel like is too much what you think?
yes u can be a wholesale dealer from home. from your garage just need to have its own entrance. I just became a retail dealer myself. its harder than i thought.
@Iceman- In California you can get a car dealers license from either a garage or first floor home office. It cannot be upstairs. The DMV Occupational Inspectors will not do any second floor upstairs home offices
It's legit impossible to find anyone dealing cars anymore. Im trying to get a bus from California but can't buy it from this one place without either being out of state or having a license and being bonded. Maybe we could do business? I would be happy to pay
Bro stop talking about why we would want a dealers license it took 5 minutes to get the the point man anyone watching this already knows why we would need or want a dealer license
What if I wanna buy cars just for myself? I live in Cali and I want to get project cars but don't want to go through buying a car using a dealer or another broker because they charge a lot
@Jerryfun-To be honest in a lot of cases you can actually find some great deals through offerup, facebook marketplace and craigslist. You just have to be persistent and play the numbers game and put in a bunch of low ball offers and eventually you are bound to get some deals without needing a car dealers license
@self dominion-Without a dealers license you can only bid on Public Car Auctions that are open to the public. Also copart they somewhat allow non dealers to get access to their auction for a fee. Copart cars and usually in bad shape.
Good info, I flip as well. I mainly use Manhein I've been to Adessa twice it's cool. But I have bought plenty of cars under $1000 without having to do any work. I picked up one yesterday. Check out flyinwheels on here he bought five under $500 for tax season.
you got a dealer license how do you get one in cali???? if not can you debunk from getting caught up with the irs? buy cars with fake driver license maybe??
Marco Martinez you cant even walk in. It’s around 8 kiosk and you have to scan your auction access card to get a bidder badge. You can’t get past security without it on.
Question! So when you sell a car, is it still a simple title sign over? Or since your a dealer technically you have to do certain paperwork, plate transfer ect?
I am looking for a dealer who already has the licenses to connect me as a seller, I would like to be part of the sales team and be able to enter the auctions and buy expensive on behalf of the Company, I heard that there are companies that open the opportunity to increase the sellers / people able to buy cars at clean title car auctions, please if you have any information, thank you for your attention
I've never bought from copart but i know alot of ppl that have. I actually plan on checking them out soon. Houston is a big city so im sure they have a few auctions to choose from.
Video should be labeled... how to sell cars under a dealer. Otherwise no useful info on how to get a dealer license. This video was cool but not on point , content of video does not reflect title
Hey ceo and any other people who are knowledgeable in car dealerships, I have a question about becoming a salesperson for a dealership. I know someone who owns and operates a dealership buying and selling cars. (located in California) I contacted him and spoke to him about taking me on as a partner so I can start to buy and sell cars on my own but through his dealership due to the fact I'm looking for a side hustle and I'm not ready to start up my own dealership. My question is, what would it cost YOU (a dealership) to take on another partner/salesperson? He is saying that he needs to add me to all of his insurance policies and that it'll be $1,000 on my end just to join the dealership. I would like to know your 2 cents on the matter. Thanks.
That's pretty cool that you know someone willing to entertain the idea. I'll answer this question to the best of my knowledge. He's correct that he'll have to add you to the insurance etc, but it shouldn't cost him $1,000. Depending on your age, driving record, etc. there's a chance adding you to the policy would affect his premium..but that's a different story. There may be some paperwork/filing fees to get you going under his dealership, but they shouldn't cost him $1,000. My guess is that he decided a $1,000 is what he is willing to accept in order for it be worth his time and effort. He probably just tells people thats what it costs to set everything up. The real question would be if he plans to charge you anything per car you buy/sell..or any monthly type of fees for remaining under his dealership etc. IF NOT, $1,000 honestly isn't bad if you can afford it. I've heard of dealers charging more than twice that to setup people under their dealership. Im not sure how things work in CA, but I would also confirm with him that adding you as a salesperson will allow you access to dealer auctions for you to purchase your own cars. Hope this helps.
@@CEONTHEMAKING Thanks for the response! He defiantly wants to get me signed in with the auctions and get me to the point where I am doing it all on my own. I will talk to him about the per car fee and see if he is going to charge me the $1,000 upfront as well as X amount per car. What would you consider to be a fair amount per car I purchased? I mentioned the idea to him and we talked about paying $200 per car. Does that seem like a fair price since I'm going to be doing everything on my own and investing my own capital? I understand he already is established and has been in the game for a while and I'm grateful he is willing to work with me, but I wouldn't mind a second opinion on my situation. Thanks again.
@@ModysLobbys $200 per car seems a little steep Mainly because you have to pay auction fees on every car you buy which are usually $300 - $500 depending on the purchase price of the car. Maybe shoot for $125/$150 per car. So say you won a car at auction for $1500. The auction fee might be $275 and then you'd have to pay him $200. So you'd be in the car $1975. Those fees can add up when you start buying multiple cars. I'd just talk to him and see if he's willing to work with you any on the per car fee since you're new and trying to learn the game.
@adolfo You could get a wholesale dealers license without needing a lot or office and then you can legally buy cars and still funnel them through a retail dealer contact legally and workout a consignment deal with the retail dealer to have them sell your cars to the public you can either workout a commission based deal or flat fee deal. A wholesale license is very inexpensive to get and you can "operate" out your garage.
I don't have a license but every state will require you to have a lot, or a place that you can put your vehicles. They will not let you have a license unless you work with a dealer like he said.
This is a waste of time The whole video is to tell you to Get in touch with someone that has a dealer licence already and make a deal with them so you could work under their licence.
Hey, whats up bro, i am in texas but if i get a dealership who is cool with doing a partnership but they are in another state like florida , when i go to the auction and buy a car in houston, would the title go from manheim to the florida dealer's name being a florida title? i'd like to know because i feel like people may not want to buy out of state title cars for different reasons
whats up man..dealers don't have to actually register the car when they buy. You just fill out one of the buyer slots on the back of the title like any other sale, and that transfers ownership. You dont have to go to the DMV and file for a new title.
@@CEONTHEMAKING Thanks for the reply man! So basically i can fill out the buyer slot info to the person i'm selling the car to so it goes from that auction's name directly to the buyer's name?
@@lorenzonathaniel3630 if you have a deal license then yes, check out rick dyer on you tube, or go to the facebook group called 'money maker auto dealer"
it's not out of the ordinary. Alot of dealers will charge a fee up front to add you. More important question is whether they plan to charge you anything else moving forward.
He says it's a security deposit and he will reimburse me once I decide to remove myself from his dealership. I must admit I have some skepticism regarding the way how people use the phrase security deposit. Please advise.
I would try to get whatever agreement yall workout in writing, just to keep things on the up and up. His price isn't far off from what many other dealers would charge, I've just never heard of many dealers offering to give it back once you're done buying cars. He could be telling the truth! who knows, but your best bet is to see if he'll put it in writing for you with name of dealership and his signature included. Also whatever he expects from you as a member of his dealership so both of you are clear on expectations.
I have a meeting with him at 8. Your channel has truly helped and motivated me especially during this these trying times. Can you tell me what a typical agreement is?
A deposit is security to secure the deal to protect dealer from any cancellation fees. I could understand if deposit is needed to bid on vehicles at auction. But I see it’s only necessary for a deposit to be under someone dealership as a rep if you’re able to bid on vehicles under the dealership. Because most auctions charge between $400 to $1,000 relisting fee if you win a vehicle but choose not to pay for it.
![How To Flip Cars | FULL PROCESS [13]](/img/1.gif)
For all the people that seem to dislike this video, let me shed some light on my thought process.
Correct me if I'm wrong, but the average person is not in an immediate position to start their own dealership and open a car lot...Bond, GL insurance, Dealer insurance, monthly rent, markering, not to mention the actual inventory of cars...For those that are in a position to fund all of that, i give a general overview of the process so that you can then take that information and conduct your own research to see exactly what's required based on where you live. I apologize if you thought you were going to watch this video and a dealer's license was going to show up on your doorstep lol.
The average person wants to know the easiest way to legally attend dealer auctions, and buy and sell cars without restrictions from the state. So i provide a viable and very common solution to that scenario. Not to mention, its a solution that will allow people to get their feet wet and learn the ropes before jumping all the way into a huge investment.
God bless and continue watching the video whether you like it or not 😀
If anyone needs help finding a dealership to partner with message / PM me!! I can point you in the right direction completely legit and completely legal
@@crazymonkey86056 looking to get one in ct
Sugar Mist I’m interested in getting one for MO
Floyd Franklin it got busted apparently it wasnt so legal 💀
I agree fuck them bro run your bag
Young man, I found this video very informative! You did an awesome job. All of my questions and those I did not formulate was answered. Pay no attention to those that try to detract from your great work. Blessings.
Thank you my young brother for teaching me about getting a dealer's license may the Lord keep on blessings you and your family peace
blessings to you and yours bro!
CEONTHEMAKING
Please can I get your WhatsApp number
Great video
Searched up how to get a Dealers License as an upcoming Automotive Technology Student. Im looking to do this so I can have enough to open up my own shop and help the community around me because I know the struggle of finding cars at low prices but hopefully The Most High permits 💪🏼🙏🏼. Thanks for the Video Brother !
Whatever you wanna do just believe in yourself and don’t focus on the reasons it might not work. Focus on the reasons it will. I wish u good fortune.
Same here! So glad to see someone else with the same idea :)
My girl needed a bank statement and stub last week and I was worried about her loosing her not getting her car loan 😴 but everything good now only because of deelscafe good work 👍.
This is a perfect glimpse into what it takes to even see a private auction run let alone buy win your first car. There are manny more steps along the way that can be guided through and I’m more than excited for him to explain them and tell us his experiences with them and the right moves to make to be successful in the private auction world.
Man he did good. Y’all so impatient lol this was helpful
Thanks bro...ppl think they gonna click the video and instantly become a dealer 😂
Great video! I like that you take time breaking things down and explaining the pros and cons.
Overall, this was informative and enlightening, so thanks for taking the time to put this together. The one critique is you said a few times "um, let's see, trying to think what else... (?)". Gave me the impression you were doing this on-the-fly, not being prepared for the presentation, even if informal. The good is your presentation of information did sound authentic, and YOU sounded authentic, and your demeanor came across sincere, honest, interested. Keep up the good work, and much success.
Genuine feedback. Appreciate it!
This is very real way to explain the process, I’m thinking about getting mane and this gas helped a lot. In North Carolina you can only 5 cars a year before you get licensed.
Thanks 4 this vid. Good stuff bro real talk! Keep it up. Peace & Blessings.
I HAVE BEEN FLIPPING CARS FOR YEARS!!! I USE BALTIMORE-WASHINGTON MANHEIM !!! I CAN BUY CLEAN GOOD RUNNING CARS FROM $400-$500 AND FLIP THEM EASY FOR $1500-$2000 ALL DAY LONG!!!
That's dope! The cheaper cars tend to scare me a little lol
@@CEONTHEMAKING BUT THE CHEAPER CARS SELL QUICKER!!! I CAN SELL A $1500 CAR IN 48 HOURS VS A $5000 CAR IN 2 WEEKS TO A MONTH AND THE PROFIT IS STILL ABOUT THE SAME!!! I WOULD RATHER SELL THE CAR FAST INSTEAD OF DEALING WITH ALOT OF TIRE KICKERS!!!
@@dbfromdc Hey. I'm from the same area as you. Would you be open to discussing a similar partnership as he described? I'm looking to do the same thing.
@@dbfromdc Hey brother pm me. Im doing what youre doing but I want to throw some ideas at you
@@Rebelatheart pm me if you want to get access into auction and flip to the public legit and legal
Hit it on the nail my g exactly the info I needed keep doing ya young king
Thanks for the video good information. Getting to the point faster will help you in viewer retention. 🙌🏾
Getting a dealer to agree to this type of agreement would be next to impossible, but I respect your info bro 💪🏾
With a complete stranger, yea would be. It helps if you know somebody..or if somebody you know knows somebody. I've seen it happen quite a bit
Thanks for all the great creative solutions for getting around getting a dealers license my solution for my goal 🙏🙏🙏🙏🙏🙏
Hey IGNORE The Negativity and Keep Doing Ya Thang! I Sub to your Channel and Learned alot You Didnt Have to Inform Nobody of Anything but I'm Grateful you Shared the Knowledge and Information you Obtained Keep up the Great Work!!!!✨🌟🙏🏾👌🏾
Thank you! I don't post car videos anymore, but I appreciate the support!
Thank you for sharing this information. I'm considering this and am now trying to do some research. New subbie too!!
I just want to bid on vehicles and export them for sale in other countries.
How Can you Do this? Enlighten me Please I Can be Interested in doing this As well
This dude takes to long and don’t get to the point
Good things take time my friend
Good video! I like your bunch of small inputs from your experience!
Im always trying get into this. Finally quit my job and now finna start hunting !
pm me if you want to get access into auction and flip to the public legit and legal
Sugar Mist
Hey brother , I’m trying to get in the auction , what is your fee
Ron Early honestly man Im not in that anymore they all got locked up apparently it was illegal
@@crazymonkey86056 he send me a email or call or text me at vmireles69702@gmail.com #-559-994-4635 my name is Antonio
@@ronearly2058 email me vmireles69702@gmail.com or call or text me my name is Antonio #559-994-4635
Excellent video!!! Thx for the info & much success to u & your business!
This was very helpful.... I’m currently working on my license.
This was great, I am looking into this. We shall see...
next time break down the real tea this is joke no real information just alot of beating around the bush
Hi Ceonthemaking,
Thank you for sharing your knowledge and I hope that you and your family are doing good during these times. I hope that you can help me clear my confusion up on this process (please). Is there a contract between the person that's licensed to go into the auction and bid and the person that intends to buy from them? How much is their fee to usually do this?
There's not always a contract. It could be a simple verbal agreement. I suggest a contract just so it's clear what both parties are expectin beforehand.
The fee is completely up to the dealer. I've heard of one-time up front fees of $2,000+, and no other fees after that. I've heard of $100 fee per car purchased etc. I would try to setup a per car purchase fee so that you're only paying if you actually buy something.
@@CEONTHEMAKING Thank you for your reply. Someone told me that they could get me a car at the auction for $500 along with the fees of the car and it's fees- I'm so lost! How do I make sure that I don't get taken advantage of?
What’s up my man, quick question for you. What’s the difference between a dealers license and a sales person license? I just got my salesperson license and going to buy cars under a dealer like you brought up on this video.
you need to get to the point lol
U need make your on fucking videos not judge others "lol"
@@chasinlindsay2369 u good bro?
@@chasinlindsay2369 why u mad 💀
I think it's required to be a RUclipsr. Talk about nothing for the these couple minutes.
Chasin Lindsay you need to shut your dumb ass up and get better grammar
When i was young i paid $3200 for a car that was worth $12000 i drove it bc i needed a car but have wanted to do this ever since. I hope i can .
Sure its not very expensive to get a car dealers license. A lot of paperwork and a lot of steps that seem very overwhelming but if you break them down into Smart Goals its more manageable.
Hey I love you videos bruh you’re one of the guys if not the only one I look to for good flipping advice.. I’m a full time worker and part time flipper myself and i don’t have any interest in opening my own car lot at all. I do admit the more I flip cars the more nervous I get with the DMV flagging me (Arizona allows up to 6 before needing a license)...I’m almost at the point where I have to start putting the titles in my wife or a family members name.
If I’m fortunate enough to find a dealer who will let me use their license and I make some kind of a deal to pay them a percentage off every flip what is a good percentage in your opinion?
I really appreciate the feedback bro! Glad you enjoy the videos. To answer your question, I would try to workout a monthly fee instead of a percentage of each car sale. I think doing a percentage of each car sale would make things tricky, especially if you happen to lose money on a car etc. I would shoot for $250 a month and see what type of response you get.
CEONTHEMAKING for real bruh all these other so called flippers be on some bullshit I know they full of it majority of the time. But you bring that truth to flipping no exaggeration, i follow slot of your rules and it works out, But yeah that makes better sense to work out a monthly fee i hope I can eventually find one. I’ll try and hit up a smaller local dealer and see how it goes. Appreciate it fam.
@@Juicewestcoast look online and youll find several dealers that do that
Carlos Javier Johnson Oliva do u know any particular dealer that’ does that? Even online?
You could get a wholesale dealers license without needing a lot or office and then you can legally buy cars and still funnel them through your retail dealer contact legally and not have to stress about putting them under your wifes or family members name. A wholesale license is very inexpensive to get and you can "operate" out your garage.
Nice job my new young friend !
Liked/Subscribed !
So you can fix the cars in your garage with the partnership license? Is it legal?
with a wholesale license you can sell vehicles through public auctions correct?
Exact same in California you hit every point bro💯💯
Thnak you! Answered a lot of questions!! A like from me
pm me if you want to get access into auction and flip to the public legit and legal
Couldn’t complete the whole video you basically learned me to find someone to use there dealer license but the title says how to get a dealer license thanks but no true info
I suggest if u deleet the background music and raise the volume of your voice.
If I apply application, someone from government come and check my location in Texas?
usually highway patrol or sherriff comes to check it out
Can you set a car lot in front of your house as long as you have a building set up for it?
West Good brother it sounds as if we have more than afew things in common..i made a song lastyear and it sounds like the one your playing in the background.
Thanks for the video, real helpful
Thanks for the info man, very helpful
I do the seem with a dealer lot. I just have a question he charge me tax and 100 bill for car. And I pay tax at the auction too. I just feel like is too much what you think?
Can you run a wholesale dealer from home office, do you need a separate entrance from the house. For California im asking.
Thanks in advance.
yes u can be a wholesale dealer from home. from your garage just need to have its own entrance.
I just became a retail dealer myself. its harder than i thought.
@Iceman- In California you can get a car dealers license from either a garage or first floor home office. It cannot be upstairs. The DMV Occupational Inspectors will not do any second floor upstairs home offices
Can I use my house if I’m in Pa
Thank you for the information, very descriptive.
It's legit impossible to find anyone dealing cars anymore. Im trying to get a bus from California but can't buy it from this one place without either being out of state or having a license and being bonded. Maybe we could do business? I would be happy to pay
this video made me not get a license
I have read multiple places that “renting” a dealers license is illegal, is this true?
The bond for Pennsylvania is $20,000
😳THATS HIGH
How do you attend the auction if you’re working under someone else dealer license?
A dealer can add reps under their dealership
Do you still have that agreement paperwork between you and the dealer. I found someone that’s willing to let me be a dealer rep.
Bro stop talking about why we would want a dealers license it took 5 minutes to get the the point man anyone watching this already knows why we would need or want a dealer license
we need to talk about why a video is 18 minutes long on how to get a dealers license....
Because he’s not doing a tutorial. He’s having an actual conversation. I feel like he’s my cousin giving me advice.
What if I wanna buy cars just for myself? I live in Cali and I want to get project cars but don't want to go through buying a car using a dealer or another broker because they charge a lot
@Jerryfun-To be honest in a lot of cases you can actually find some great deals through offerup, facebook marketplace and craigslist. You just have to be persistent and play the numbers game and put in a bunch of low ball offers and eventually you are bound to get some deals without needing a car dealers license
If you dont have a dealers license what kind of cars can you bid on?
@self dominion-Without a dealers license you can only bid on Public Car Auctions that are open to the public. Also copart they somewhat allow non dealers to get access to their auction for a fee. Copart cars and usually in bad shape.
can you get a dealers license just to go to auctions and buy a car(s) for yourself?
That was super helpful. Thank you
Good info, I flip as well. I mainly use Manhein I've been to Adessa twice it's cool. But I have bought plenty of cars under $1000 without having to do any work. I picked up one yesterday. Check out flyinwheels on here he bought five under $500 for tax season.
Appreciate the feedback man! Where do you live? I think local markets have a lot to do with prices. Prices have been crazy where I'm at lately.
@@CEONTHEMAKING I agree Im in South Florida cars under $3000 at Manheim are rough looking and the nicer ones ones sell close to retail
you got a dealer license how do you get one in cali???? if not can you debunk from getting caught up with the irs? buy cars with fake driver license maybe??
Do you go to Manheim in Riverside CA
Marco Martinez you cant even walk in. It’s around 8 kiosk and you have to scan your auction access card to get a bidder badge. You can’t get past security without it on.
What are the bond terms. Is it renewal every year and pay again
You already a CEO ✊🏾
✊🏽
People here complaining don’t want to put the time in. THEYRE looking for a get rich quick scheme . Trust come in like a lion go out like a lamb.
Exactly. Guess they thought a dealer's license would show up on their doorstep after watching the video.
Question! So when you sell a car, is it still a simple title sign over? Or since your a dealer technically you have to do certain paperwork, plate transfer ect?
@ceonthemaking
Nope couple signatures on the title and of course a bill of sale
Thanks COTM!!⭐️⭐️⭐️⭐️⭐️
i wonderd what happend to lewis hamilton after his last crash .yo lewiss wheres your earings .
🤣
Would you be able to sell a car without having to give them a paper license plate? Or are those mandatory
not mandatory
Do a video on wholesale vs retail license bro!
I am looking for a dealer who already has the licenses to connect me as a seller, I would like to be part of the sales team and be able to enter the auctions and buy expensive on behalf of the Company, I heard that there are companies that open the opportunity to increase the sellers / people able to buy cars at clean title car auctions, please if you have any information, thank you for your attention
What auctions are the best to buy from?
Manheim and Adesa are two that are in most major cities. Really just depends what city you're in.
I live in Houston, TX, and I am more interested. In buying just for a hobby. What do you think of copart?
I've never bought from copart but i know alot of ppl that have. I actually plan on checking them out soon. Houston is a big city so im sure they have a few auctions to choose from.
Check out autonation they just opened one in Houston im in Los Angeles
Manheim is good good
Subtitle should be : How to use somebody else's Dealer License!!!!
🤫
@@CEONTHEMAKING 🤓😂
Soo would I need a license still for part time buying & selling
How but and sell under the dealer business and still benefits from it ? And how does the dealer benefit??
a fee
Helpful
well done video thank you
Lots of good info
Video should be labeled... how to sell cars under a dealer. Otherwise no useful info on how to get a dealer license. This video was cool but not on point , content of video does not reflect title
Is there anyway I could contact you , I want to get into this
Can you just buy cars for 500-1500 at auction and sell it to Carmax like multiple times a month?
you could try... no guarantee carmax would want the car and or give you more than you paid for it.
Hey ceo and any other people who are knowledgeable in car dealerships, I have a question about becoming a salesperson for a dealership. I know someone who owns and operates a dealership buying and selling cars. (located in California) I contacted him and spoke to him about taking me on as a partner so I can start to buy and sell cars on my own but through his dealership due to the fact I'm looking for a side hustle and I'm not ready to start up my own dealership. My question is, what would it cost YOU (a dealership) to take on another partner/salesperson? He is saying that he needs to add me to all of his insurance policies and that it'll be $1,000 on my end just to join the dealership. I would like to know your 2 cents on the matter. Thanks.
That's pretty cool that you know someone willing to entertain the idea. I'll answer this question to the best of my knowledge.
He's correct that he'll have to add you to the insurance etc, but it shouldn't cost him $1,000. Depending on your age, driving record, etc. there's a chance adding you to the policy would affect his premium..but that's a different story. There may be some paperwork/filing fees to get you going under his dealership, but they shouldn't cost him $1,000.
My guess is that he decided a $1,000 is what he is willing to accept in order for it be worth his time and effort. He probably just tells people thats what it costs to set everything up.
The real question would be if he plans to charge you anything per car you buy/sell..or any monthly type of fees for remaining under his dealership etc. IF NOT, $1,000 honestly isn't bad if you can afford it. I've heard of dealers charging more than twice that to setup people under their dealership.
Im not sure how things work in CA, but I would also confirm with him that adding you as a salesperson will allow you access to dealer auctions for you to purchase your own cars.
Hope this helps.
@@CEONTHEMAKING Thanks for the response! He defiantly wants to get me signed in with the auctions and get me to the point where I am doing it all on my own. I will talk to him about the per car fee and see if he is going to charge me the $1,000 upfront as well as X amount per car. What would you consider to be a fair amount per car I purchased? I mentioned the idea to him and we talked about paying $200 per car. Does that seem like a fair price since I'm going to be doing everything on my own and investing my own capital? I understand he already is established and has been in the game for a while and I'm grateful he is willing to work with me, but I wouldn't mind a second opinion on my situation. Thanks again.
@@ModysLobbys $200 per car seems a little steep Mainly because you have to pay auction fees on every car you buy which are usually $300 - $500 depending on the purchase price of the car. Maybe shoot for $125/$150 per car.
So say you won a car at auction for $1500. The auction fee might be $275 and then you'd have to pay him $200. So you'd be in the car $1975. Those fees can add up when you start buying multiple cars.
I'd just talk to him and see if he's willing to work with you any on the per car fee since you're new and trying to learn the game.
@@CEONTHEMAKING Awesome thanks man!
What do you think is a good monthly fee to pay a possible partner dealer ?
@adolfo You could get a wholesale dealers license without needing a lot or office and then you can legally buy cars and still funnel them through a retail dealer contact legally and workout a consignment deal with the retail dealer to have them sell your cars to the public you can either workout a commission based deal or flat fee deal. A wholesale license is very inexpensive to get and you can "operate" out your garage.
Awesome video. Thank you.
this guy looks like his dealers license consist of a Slim Jim and a screwdriver
yep, and I'm still buying cars with em!
Do you know how old you need to be for a dealers license in the uk?
What about if I just want get my Licenses but not ready to start the business?
I don't have a license but every state will require you to have a lot, or a place that you can put your vehicles. They will not let you have a license unless you work with a dealer like he said.
Six car per year in Ohio
Hey ma if you buy under a dealer does the title get registered to him or to you? And will the sales and tax process be different?
Title gets signed over to the dealership, not anybody's name in particular.
pm me if you want to get access into auction and flip to the public legit and legal
Sugar Mist hit me up
@@frankboyd5944 hey the company I was using went under
Thank you.
Thanks for the video
Thanks for the info bro
How
how long are the bond terms
how did you put that background behind you ?
Probably a green screen 😂
Can you help me come up with a contract ?
Im from KCMO and I'm looking for someone to be under could we work out a deal?
This is a waste of time The whole video is to tell you to Get in touch with someone that has a dealer licence already and make a deal with them so you could work under their licence.
Bro at 4:34 that shit got me scared for a sec 😂
FYI like your vids
What are you using for your backgroubd
a green screen
Hey, whats up bro, i am in texas but if i get a dealership who is cool with doing a partnership but they are in another state like florida , when i go to the auction and buy a car in houston, would the title go from manheim to the florida dealer's name being a florida title? i'd like to know because i feel like people may not want to buy out of state title cars for different reasons
whats up man..dealers don't have to actually register the car when they buy. You just fill out one of the buyer slots on the back of the title like any other sale, and that transfers ownership. You dont have to go to the DMV and file for a new title.
@@CEONTHEMAKING Thanks for the reply man! So basically i can fill out the buyer slot info to the person i'm selling the car to so it goes from that auction's name directly to the buyer's name?
@@lorenzonathaniel3630 if you have a deal license then yes, check out rick dyer on you tube, or go to the facebook group called 'money maker auto dealer"
@@lorenzonathaniel3630 the title goes from previous owner/auction, to dealer, to new buyer.
I can't get past the crooked mustache.
Thank for sharing.
Is it normal for a dealer to request a deposit from you of 2000 in order to put your name under his dealership.
it's not out of the ordinary. Alot of dealers will charge a fee up front to add you. More important question is whether they plan to charge you anything else moving forward.
He says it's a security deposit and he will reimburse me once I decide to remove myself from his dealership.
I must admit I have some skepticism regarding the way how people use the phrase security deposit.
Please advise.
I would try to get whatever agreement yall workout in writing, just to keep things on the up and up. His price isn't far off from what many other dealers would charge, I've just never heard of many dealers offering to give it back once you're done buying cars. He could be telling the truth! who knows, but your best bet is to see if he'll put it in writing for you with name of dealership and his signature included. Also whatever he expects from you as a member of his dealership so both of you are clear on expectations.
I have a meeting with him at 8. Your channel has truly helped and motivated me especially during this these trying times.
Can you tell me what a typical agreement is?
A deposit is security to secure the deal to protect dealer from any cancellation fees. I could understand if deposit is needed to bid on vehicles at auction. But I see it’s only necessary for a deposit to be under someone dealership as a rep if you’re able to bid on vehicles under the dealership. Because most auctions charge between $400 to $1,000 relisting fee if you win a vehicle but choose not to pay for it.