Indiana dealer license invasion?

Posted in the Auto Dealers Forum

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Honestcardealer

Lombard, IL

#1 Feb 28, 2011
Whats with all these Indiana dealer license plates on the roads in Illinois and Wisconsin? They are all over I see them all the time at auctions and on the road
joey

Lombard, IL

#2 Mar 1, 2011
just google "indiana wholesale dealer license" and you can see why
KrazyKarGuy

Denver, CO

#3 Mar 2, 2011
These are all "newbies" being sucked into a wholesale license. They are driving up auction prices (already up due to demand for used cars) because they know nothing about the "process".
These "Indiana" companies popped up about a year ago. I expect they may last another 2-3 years until other states get involved to stop them. It's a great business model. I know one of these outfits has over 500 monthly payers at $299 a piece (150K/month). That's better than owning 5-6 BHPH lots.:-) There will be more Indiana Businesses popping up until Indiana has 1,000,000 licensed wholesale dealers!
joey

Lombard, IL

#4 Mar 2, 2011
the problem is not only that they drive up the auction prices and mess up the market. Most of these "wholesale dealers" buy cars at auctions and sell them to the public. You can see them on craigslist selling by owner.
some are so stupid they take pictures with the Indiana dealer plates on the car and advertise for sale by owner. They retail the cars in a different state so they don't get caught.
Retailing cars with a wholesale license ??? this whole thing has to end, its illegal what they are doing !!!
KrazyKarGuy

Denver, CO

#5 Mar 2, 2011
Your right Joey. You can go to the Indiana State Dealer Licensing website and they have a list of licensed dealers. It's an Excel file. They have almost as many wholesalers as used car dealers. You can see there are 100's located at the same addresses.
What's going to be shocker for these folks is when they learn at renewal time they have to have sold 120 cars a year!
These companies are misleading the sheep. I bet those new "wholesalers" selling retail have no idea what they are doing is wrong.
I'm going to complain to my dealer licensing board and I recommend dealers (I'm a wholesaler) do the same.
Only a half of the states have a wholesale license. Joey was that Craigslist in Rockford where you saw the photos?
joey

Lombard, IL

#6 Mar 5, 2011
it was in craigslist chicago. where exactly do I have to complain? to the State of Illinois Dealer Licensing? Are you from Illinois? We should complain to both states indiana and illinois
jeff d

Chicago, IL

#7 Mar 5, 2011
I are right guys. I was talking the other day at the auction with one of these "wholesalers". He said that the reason he got the indiana wholesale license is because you don't need to have a lot (rent& other expenses) and you have no overhead this way. My answer was that in order to retail cars to the public you need a lot and a retail license. and there is no other way around unless you do it illegally with a wholesale license. Guess what he said that I'm right but he only does wholesale...bs
travis

Lombard, IL

#8 Mar 9, 2011
Indiana wholesale dealers are ruining the whole automobile sales industry by making it way too easy to get a license. Wholesalers are doing too many illegal transactions and Indiana is under pressure to do something about it from all the other states
KrazyKarGuy

Aurora, CO

#9 Mar 9, 2011
I'm a wholesaler in Colorado. I was at Manheim in Denver today and the auction prices of carts here is out of sight. Shortage of cars in 9-12K range. Dealers are keeping them and selling off the back of the lot. When there is a "good" car it goes for almost retail so no margins for a wholesaler to make a profit plus the dealer are getting them. One guy, wholesaler, says he scours for cars at dealers. Cleans and fixes and he brings them to the auction. It's tough in Colorado for the used car market and especially wholesalers. Glad I'm old (67) and don't have to "work" anymore!:-)

I doubt if Indiana will do anything about the out of state dealers. It's a revenue stream to support the bureaucrats.
Just getting it done

United States

#10 Jul 4, 2011
I am looking into the Indiana deal as my state has made it almost impossible. I build trailers have been for 20 years about 80 per years and issue COs for the trailers, but now I am limited to 5 sales a year or need dealer license. My state has no Manufacture plate and the requirements for dealer plates require large sales lot with service and inspection requirements. All I need is a business /dealer name and dealer number for the CO. So I would sell the the trailer to the Indiana dealer then to the retail customer. It seems like a lot of work to keep going as it will cost me about $5000 a year for rent and all. But I will gain 2-4 dealer plates so I will no longer need to buy plates for my rides or paying for inspections. So is it wrong or is the system wrong were I need to do this or stop working. Maybe I could find some system that would write me a monthly check
Just getting it done

United States

#11 Jul 4, 2011
No my state is not Va.

Again is this any worse than the millions that are collecting a check on the system every month that you and I are paying for.
Jason

Lombard, IL

#12 Aug 10, 2011
Look all of this indiana wholesale license bashing is kind of funny. I have an indiana wholesale license and we are making great profit using various wholesle techniques. Once in a while i do sell to the public and when i do i do it 100% legally. thats right I do not have much of overhead and i love it. I can provide the public with inexpensive cars saving them plenty. I think the days of the old time car dealer with lot, guys running around with white shirts and ties trying to rip people off selling a car thats worth 5k for 8k making money on financing, rust proofing trade in tricks and all other dirty games is much harder now..
I can sell a car thats 12k at a dealer for 9k. and yes old school retail dealer hate me and i dont care. Im happy, buyer is happy, all good..
paul

United States

#13 Aug 11, 2011
Jason wrote:
Look all of this indiana wholesale license bashing is kind of funny. I have an indiana wholesale license and we are making great profit using various wholesle techniques. Once in a while i do sell to the public and when i do i do it 100% legally. thats right I do not have much of overhead and i love it. I can provide the public with inexpensive cars saving them plenty. I think the days of the old time car dealer with lot, guys running around with white shirts and ties trying to rip people off selling a car thats worth 5k for 8k making money on financing, rust proofing trade in tricks and all other dirty games is much harder now..
I can sell a car thats 12k at a dealer for 9k. and yes old school retail dealer hate me and i dont care. Im happy, buyer is happy, all good..
what is the process for legally retailing with an indiana?
Flipping Autos

Las Vegas, NV

#14 Aug 15, 2011
paul wrote:
<quoted text> what is the process for legally retailing with an indiana?
Goto http://www.retaildealernetwork.com/ we proccess retail legally for over 200 Indiana wholesale dealers.

Retail Dealer Network
Owned & Operated By:
Flipping Autos Consulting Group, LLC
http://www.retaildealernetwork.com/

http://www.flippingautos.com/

Business Hours
Mon - Sat 9am -5pm
Sun - Closed

Office Phone
(800) 849-3306
Jallen156

United States

#15 Aug 16, 2011
To all the people who are Indiana wholesalers how much was the bond I heard its for 25,000 but you have to pay 500 year is that true of do you have to get the whole 25,000
Jallen156

United States

#16 Aug 16, 2011
And America is a free market system so don't get mad when the thing that made all the "legit" people on here get some money now they gain a little competition that's how our society is built. And blame the bush administration for the rise is everything and the Republicans in office now who wanna give barack a hard time and not try something new in this failing economy.
funny

Dawsonville, GA

#17 Aug 17, 2011
You have to get a bond for $25000, not $500. And it's all George Bush's fault too.
Jallen156 wrote:
To all the people who are Indiana wholesalers how much was the bond I heard its for 25,000 but you have to pay 500 year is that true of do you have to get the whole 25,000
Mike

Burbank, IL

#18 Aug 17, 2011
Jason wrote:
Look all of this indiana wholesale license bashing is kind of funny. I have an indiana wholesale license and we are making great profit using various wholesle techniques. Once in a while i do sell to the public and when i do i do it 100% legally. thats right I do not have much of overhead and i love it. I can provide the public with inexpensive cars saving them plenty. I think the days of the old time car dealer with lot, guys running around with white shirts and ties trying to rip people off selling a car thats worth 5k for 8k making money on financing, rust proofing trade in tricks and all other dirty games is much harder now..
I can sell a car thats 12k at a dealer for 9k. and yes old school retail dealer hate me and i dont care. Im happy, buyer is happy, all good..
Really ?? I'd love to know how you're "legally" doing business with the public?

https://myweb.in.gov/SOS/AAOnline/ShowFile.as...

the wholesaler in that link was fined $25000 for selling to the public .. good luck .
who me

United States

#20 Oct 1, 2011
Ur a sick man
[
who me

United States

#21 Oct 1, 2011
And a fruit. So I will call u fruit man. Hahahaha

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