How to Find Information on Becoming a Used Car Dealer

What does a used car dealer do?

In times of job loss, people look to change careers or open their own business. If cars are a source of enjoyment, then a career as a car dealer may be ideal. However, before launching into the car business, it is prudent to evaluate the car business as a career. In some cases, it may be easier to become a used car dealer than a new car dealer. Learn how to find information on becoming a used car dealer.

Things You'll Need

• List of questions

Instructions

1. Prepare questions related to becoming a used car dealer, for example: Where can I access cars to sell? How can the business become a "buy here-pay here" dealership? What is the return on investment in a used car dealership?

2. Locate used car dealers in your area, either through the Yellow Pages, friends, associates or family members. Contact the used car dealers and ask them questions such as: What is the most challenging aspect of the dealership? How long does it take to learn the business?

3. Go to the National Automobile Dealers Association (NADA) website and click on "Training and Events."

4. Click on "Dealer Academy." Review the course offerings then contact the Dealer Academy. Ask questions such as: What are the pre-requisites to becoming a used car dealer? What are the employment prospects?

5. Visit the National Independent Automobile Dealers Association (NAIDA) website. Contact the national association or the state affiliate. Ask questions and do not hesitate to attend local meetings.

6. Network with car dealers, car finance professionals and others through this process. Also, ask to "shadow" a used car dealer for a day or a week to help you understand "a day in the life" of a used car dealer.

Tips & Warnings

• Ask a current used car dealer if apprenticeships are available; this is a way to earn some money and gain experience.

• Do not make a rush decision on becoming a used car dealer. Take the time to thoroughly evaluate the pros and cons of the business.

References

• NADA.org: Dealer Academy
• NAIDA.com: Education requirements for dealer licensing by state

Resources

• National Automobile Dealers Association (NADA)
• National Independent Automobile Dealers Association (NAIDA)
• National Association of Buy Here Pay Here Dealers (NABD)