Question:
Hello,
I am going through the paperwork to get my dealer's license in NYS. I have been the purchaser for a different dealership for about a year and have learned a lot. The major thing I learned is that there is always something I dont know. Any car auction tips and tricks to picking a good car? Ive made good and bad picks and know the basics. Also, more importantly, and tips on running my first used car business, like how to provide financing for the consumers, etc? Any tips will be greatly appreciated.
Answers:
Where can i find some spike ike jordans online 4sale and thatare cheap less than?
if you sell a real stone, and it comes back on you. take it back for full price or put them in a good car then send the stone back to the auction block. if you try to fix a major collision, poor body work car it will cost you more than it's worth and your customer will never be happy or back and he or she will tell friends [this has been proven to cost approx 1/3 of possible prospective sales in a small to midsize town].I've never owned a car. Would it be a good idea to get one?
don't tote the note for anyone for your first two years of business take a small amount of your profits and set aside for this. because it only takes a couple of deadbeats in a row to ruin your business. and get friendly with a good repo-man he just may save your childs college fund and your house
Would anyone be interested in buying a 1976 Volare Roadrunner?
yeah I have some advice get a cool logoI found a Saturn Vue I like, but it has 112,000 miles on it. It costs 7,000. Is that a good deal?
If you are setting up as an independent, it is going to be hard, if not impossible, to sign up as an indirect lender with banks, unless you have pretty hefty cash reserves.Just bought a used car, what next?
You will also find it hard to offer warrantys on cars until you get established, for major companies are not going to want to deal with a small independent.
Should i sell a car that has problems to someone who hass no idea?
Likewise, it is hard to get set up on floorplanning your cars, so your cash flow will be very tight, and you will have to buy what you can quickly turn.
If u bought a car and then dont want it anymore can u return it?
Typically, an indepenent used car dealer should have 15 to 20 years used car experience before they start their own dealership. 95% of independents fail within the first few years, mainly due to cash flow problems, and I have seen New Car dealers fail at stand alone used car lots.
How can i find cheper car insuer?
Advertising is going to be your life blood, if you can't afford to sink a lot of money into heavy hitting ads, then people will not come in.
Instead of auctions, hook up with some dealerships as a wholesaler. This gives you a better pick of cars than the auction, and helps you build a base of business that can supplement your used car lot, often making the difference between being profitable or bankrupt. The best wholesalers know the market, and have their own lot to sell their "niche" vehicles.
Shall I Change Locks When Purchasing Car from an Individual?
Know your target market, who you are going after, what they will buy, and how they will pay for it. You can't sell New Lincolns in the ghetto, and you won't sell buy/here pay/here cars on 5th Avenue.
Can someone run this vin number for me? please?
You may find that you need to finance some of your own accounts: always go short term, get your investment in the vehicle as down payment, and repo the cars if one payment is late. You take a high risk, but in many cases you'll have no option but to hold your own financing on a few cars to keep some cash coming in.
How can I find out how to buy one of the mobile trailers that FEMA has for sale?
I will say, unless you know 100% of what to do, how to do it, then hold off before jumping solo.
More Questions & Answers ...
This article contents is post by this website user, CarQnA.com doesn't promise its accuracy.