Salvage Motorcycle Dealers..??

Anyone know whats required in order to become a salvage motorcycle dealer, in NJ?

Need to know how to become registered to be able to purchase wrecked motorcycles from Insurance companys, and then how to get on a "list" so that they know that I'm a qualified 'SALVAGE' Dealer.

Or does anyone have a connection in NJ that would be willing to help me out.

Thanks.

 

I don't know about in NJ, but in MI it's a lot of work and money to get everything up and running. Much easier to have someone find you a bike and buy it from them

 

Hymer Motors in AZ. Low initial investment.

 

Cold, dude...

 

Not sure of NJ, but it's probably similar to other states:
If you have an office space with parking lots, etc. and can open a 2nd business in it just to have a mailing address, that's the easiest.
Otherwise:
rent on a business location
Untilities there
Insurance and bonded
dealers license
Classes and annual continuing education
City/county annual business license fees

If you're wanting to buy a few bikes a year for you and your friends, it's not worth it.

 

pretty much. Just wrote a renewal check for a few K just for insurance...fun stuff

 

My employer/boss/good friends, just got their OHIO dealers/salvage license.
I'm actually sitting here watching several Virtual bidding lots on COPART.
I've got the green light to search and buy what I think is a profitable buy. We dabbled in this over the winter before they got their actual Dealers' license, and was quite successful.

I can only assume that the requirements are similar from state to state.
In Ohio, your property has to be 55,000 sq/ft I believe.
Fenced in yard with semi-opaque netting or vinyl slats attached to the fence.
A county inspector must come and see the property.
I had to take several pics of the property, the fixed sign, the office with a working counter, etc...and send them to the state.

My employer already had their primary business setup of 35yrs, so this was easier for them to do.
Just alot of paperwork-emails, faxes, phone calls, tax papers...and then getting setup with the online auction sites themselves, is a job in itself.

 

i understand, thanks for the info guys. seems copart, i cant even buy unless i am a 'broker'.

anyone want to hook me up with a few bikes?

 

Mob connections

 

NC auctions are open to the public. There are only a few states that allow that to be done.