I'm Interested in Becoming a Car Dealer: Do I Need to Own a Storage Lot in Order to Receive a License?

Answered by

Roxana Stewart
Roxana StewartAuto Insurance Writer

Posted on Sep 18, 2023

There is no requirement to own a storage lot in order to become a car dealer. However, it is important to have a place to store the vehicles you are selling in order to comply with local and state regulations. You may want to consider leasing space or partnering with another business that has a storage lot.

People are also asking

  • Do You Provide Pre-approval for a New Honda Civic?

    Yes, we do offer pre-approval for a new Honda Civic. In order to be pre-approved, we will need to review your credit history and current finances. This will help us determine how much money we can loan you to purchase a new Honda Civic. We also offer competitive interest rates on new Honda Civics, s

    Read more
  • How Do I Get Insurance When I Buy a Car?

    There are a few different ways to get car insurance when you buy a car. You can buy a policy from an insurance company, get coverage from the dealer who sells you the car, or get a policy from the government.If you buy a policy from an insurance company, you will need to shop around and compare rate

    Read more
  • The Most Effective Way to Delete Your Carvana Account

    There is no one definitive way to delete your Carvana account. However, the most effective way to delete your account is to contact customer service and request that your account be closed. You can also delete your account by logging into your account and clicking on the "delete account" link. If yo

    Read more