$1.$Startup Needs: i$)$Starting Elite Motors entails several financial considerations across different areas. Firstly, securing suitable premises involves leasing a showroom and service center. The anticipated monthly rent is projected at $$2000,$ with additional expenses for renovation and setup estimated to be around $$1100.$ii$)$stocking inventory demands a substantial investment. Allocating funds for purchasing an initial range and quantity of vehicles requires careful budgeting, typically from $$1$ to $ $1,$ depending on the desired inventory size and variety.iii$)$Equipment for the service center, including essential tools such as vehicle lifts and diagnostic equipment, represents another significant expense. Estimated costs for necessary equipment fall between $$100$ to $$150.$iv$)$Allocating resources for staffing is crucial for operational readiness. The start$-$up budget should cover payroll expenses for sales associates, service technicians, and administrative staff. Anticipated payroll costs for the first three months are approximately $$300.$v$)$Promoting the dealership's launch and attracting customers necessitates a portion of the budget to be allocated toward marketing and advertising efforts. Initial campaigns and promotions are estimated to cost around $$500.$vi$)$Consultation and legal fees constitute an essential aspect of business setup and compliance. Hiring consultants, legal advisors, and accountants for regulatory compliance and financial planning requires a budget allocation ranging from $$200$ to $$250.$