Frequently Asked Questions
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Absolutely. Co-op Dealerships are LLCs, and you become a legal member. You can buy and sell vehicles under the dealership name and keep your profits.
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Yes. The dealership sells the car under its license. All Co-op Dealerships have retail licenses.
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Delivery is permitted, but bringing strangers to your home is not advised. All the paperwork is completed at the dealership.
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Yes. You can attend auctions like Manheim, Adesa, and others. Members cover auction fees.
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No. Licensed dealers are exempt from sales tax on purchases.
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Yes. You will receive a 1099 and must report your net profit.
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Nationwide. You’ll be assigned to the nearest available dealership.
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Yes. Your dealership license is valid nationwide.
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Set up takes one hour.
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Yes. You must comply with all local, state, and federal regulations.
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No. It’s for business use only.
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$100,000 liability and $30,000 physical damage coverage, with a $2,000 or 10% deductible (whichever is greater).
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It’s required to be added to the dealership’s insurance policy.
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Since 1990.
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No. It is for your use only.
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No. Only registered members may buy and sell vehicles.
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Yes. Additional fees may include tax, title, registration, and shipping.
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No. The dealership provides a location. You’ll need a place to store or work on cars, but you cannot display them for sale outside the dealership.
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No. You join an existing dealership with other independent contractors.
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Placement will be in your state when available; otherwise, nearby states are used.
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Retail. You can sell both retail and wholesale.
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No need to pay deposits, just the sign up fees.
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No. The dealership is already structured as an LLC.
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Every 15 months.
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LLC (Limited liability company) or LP (Limited partnership).
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No. Legal protections are in place.
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They operate in 20 states and serve members nationwide.
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The dealer is located in Florida.
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Yes, you’ll need to sign a contract.
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Sarmiento Auto Group LLC, Tampa, Florida.
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We don’t share that info; however, in FL LLC’s registry you can see our registration number.
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Yes.
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Yes, at Sarmiento Auto Group you can register your rebuilt titles in North Carolina.
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No, we do not offer dealer plates.