Starting costs for a car dealership will differ significantly depending on if you are an independent used dealership or new franchise dealership. How much does it cost to start a car dealership? Used car dealerships however have lower startup costs and less ongoing regulation, but you will have to exclusively sell used cards which can impact your margins significantly. New car dealerships can also sell used cars.
While new car dealership franchises will generate more in sales, they also have more red tape, higher expenses to start and maintain inventory, and often come with some confusion from customers that you are in fact a part of the dealer corporation. The two basic options of car dealership types are new car dealership franchises or user car dealerships. What type of car dealership should I open?
