Being a car dealer in Chicago has many perks. For starters, the employment outlook for those who are car dealers in Chicago is one that is steady. Automobile sales are something that may decrease during some months, however the sales even out when looked at it yearly. Therefore, those car dealers in Chicago know that they have a job to go to. Despite the recent consolidation of many big name automobile companies, car dealers are still some of the highest number of jobs available. In 2008, the automobile dealer industry held 1.2 million jobs. The Chicago area, given its high population, will be on the areas that will have more car dealer jobs available for those interested, when compared to small cities or towns.
Secondly, those who are in Chicago also find that the work environment is a huge plus. They are constantly working with people, making sales, so it is not the career for someone who is not happy when having to communicate with people. Those who are car dealers also like the fact that they get to haggle prices with many, which is a fine tuned skill that all car dealers develop over time.
When being a car dealer in Chicago, people have the choice to either deal with new buy used car chicago or sell used cars. If going to the route of selling used cars, there needs to be a certain amount of car and engine knowledge known. Many of these dealers will go to auctions and pay for these cars out of their own pocket. Therefore, they do not want to buy something that is not going to appeal to the customer, nor something that breaks down as soon as the customer purchases it. In either situation, it creates a bad image for the car dealer.
Those who work as dealers for new cars as usually exclusive sellers of a certain brand, such as Chevrolet or Volkswagon. These types of car dealers may find it harder and harder to keep employment as more and more companies are shutting down dealerships in an effort to stay clear of declaring bankruptcy. However, in the Chicago area since it is such as wide spread area, there should not be many dealerships closing.
The requirements to become a dealer in Chicago are to have a dealer license. This will involve filling out a form. Along with the form, there are certain other things that a person will need. For starters, a $20,000 bond or certificate of deposit, proof of insurance that includes $100,000 for bodily injury, $300,000 for each accident and $50,000 for property damage, as well as for those starting a new car dealership they will need a copy of the manufacture’s franchise agreement. For those leasing a lot, they will need a copy of the lease for the lot. There is also a mandatory background check for those wishing to be a car dealer in Chicago.
On top of the forms and the information that you will need to supply, there are some fees associated. There is an annual fee of $1,000 for the dealer’s license. If the dealer has more, than one chicago used car lot then there is an additional fee of $50 to $100 depending on if the lot is new or used. In addition, the annual fee for dealer plates is $45.
There are many restrictions as to Sunday car sales and whatnot, however these are all covered in the packet that the Department of Motor Vehicles will supply for the dealer. Once all the information is received and confirmed, the person can then begin their exciting and fast-paced career.