How to Become a Classic Car Broker? (Part 2)

Posted by Steve White on Sep 26, 2012

3)    Identify your competitors – It is important that you know how many classic car brokers are operating in your area and find out about their specialties, which can be muscle cars, classic sports cars, luxury cars, or others. You can identify your competitors by doing research on directories that are dedicated to classic car sales.

4)    Obtain licenses and permits – Depending on which state you plan to operate in, you may be required to obtain licenses and permits to become a classic car broker. Consult the Department of Motor Vehicles in your state to find out about the requirements. Also, you have to visit the clerk’s office in your city or county to get a business license.

5)    Lease a highly visible location – To attract more customers, you need to choose a business location that is highly visible and easily accessible. Lease a lot that is located on a well-traveled road and has ample parking space.

6)    Gather classic car listings – Your success as a classic car broker is partly dependent on the number of classic car listings you can acquire. While you can sell the listed cars yourself, you will also get some compensation if the cars are sold through other approved brokers. You can gather classic car listings while attending classic car shows and conversing with classic car owners. Also, make sure you check out the classified ads in classic car websites.

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