For the more seasoned dealers that may have some questions, this section is for you!
It doesn't matter what the reason is, the most important thing is that you finally decided to protect your business. Some dealers wait until the auction or their lender mandates insurance from them to make the move. Others won't make the move until their wife or business partner complains about it one too many times. Several other dealers won't be able to sleep at night and won't be able to stand it. And others need something bad to happen like get a vehicle impounded for not having a dealer insurance policy and then it really costs them. And even that scenario is much cheaper than having an uninsured auto claim. For dealers that are a little more short-sided, this is what needs to happen in order for them to buy their used auto dealer insurance.
You've done so much work to get to this point in your business development, don't try to cut corners just to try to exploit a loophole. Since the California DMV doesn't require dealer insurance to get your license or renew it for that matter, some dealers will think that is an immediate reason to never purchase insurance. Don't fall for the trick! Sleep better, think like a professional and find different ways to leverage your dealer insurance to make you more money instead of looking at this as just a business expense. Get a quote on your Auto Dealer Insurance today! It's probably a lot less expensive than you think.
YCDB Quicktips #101 is to create a logo. When I say create a logo I mean, have one professionally developed for you if you are not a designer. Don't be cheap or short-sided with this step. Think about it this way, how do you want your prospective buyers to think about you and your dealership? Let's play a little game. What word pops into your mind when you read the word K-Mart. If I'm not mistaken, it's either cheap or some variation of that word. Let's try a different word now. How about Cadillac? Unless you've been living on another planet for the last thousand years, you probably have an image in your mind of something luxurious or something very close. You probably understand the importance of developing a beautiful logo and why it's #1 on our list of YCDB Quicktips to help used car dealers take their sales to the next level.