What is an auto dealership surety bond? As part of the application procedure for a Motor Vehicle Dealer License in Ohio, used car dealers must purchase the Motor Vehicle Dealer Bond. The auto dealership surety bond guarantees that if a…
Although obtaining a dealer floor plan for your auto dealership may appear intimidating at first, it is actually pretty straightforward. To put it simply, floor plan financing functions similarly to a credit card designed specifically for purchasing vehicle inventory. Dealers…
Selling used cars can be a lucrative business, especially because dealers tend to make more money selling used cars than new ones. This trend is likely because of the high price of new cars and more financially conscious buyers. If…