Tuesday, March 3, 2009
A new plan
Monday, March 2, 2009
Dealerlicense.com Update!
I bought a book package from Dealerlicense.com and received it today. First off I have to outline a few of the best things about the transaction.
- Awesome communication. I asked a question and James responded same day.
- I bought the package and it was mailed the same day
- Shipped Thursday and I received the books on Monday!
Dealer Agent/Dealer Co-Op UPDATE
- Where is the car shown to the customers/ Where is the price negotiated?
- Where is the paperwork completed?
Saturday, February 28, 2009
Strategy
- Buy here Pay here,
- financing
- warrantees
- certified
- specialization
- quantity over quality
- cheep
- trucks
- My cost of the vehicle at auction/ private party
- My cost to recondition the vehicle
- Transporting the vehicle
- Dealer overhead
- Advertising
- Sale price
- My profit.
Friday, February 27, 2009
The difference between a Man and a boy...
Thursday, February 26, 2009
Dealerlicense.com
Wednesday, February 25, 2009
The Co-Op Dealership option...
For those just starting out there's a possibly cheeper way to get into the car sales business without all the overhead of the bond, the insurance, and the car lot. You could buy into a current dealer organization and become a business partner with them like a Co-Op.
1. Buy and sell three (3) cars during the 90-day time period.
2. Approach thirty (30) new and/or used car dealers offering to buy and sell cars.
3. Run six (6) separate ads in major newspapers offering to buy used cars.
That's not so bad and honestly the ads are $175 and how much money could you really loose on 3 cars, $500 total? Then you have $300 for doc fees and shipping and another $300 for auction fees and your total exposure is only $775. Then you just have to go and talk to 30 dealers... no problem they aren't doing anything in their offices anyways, they're definitely not selling cars... If you go to all the GM dealers they're probably looking for work:)
I spoke with the owner of autoincome.com today for a good 45min and when I got off the phone I was pretty jazzed about the deal. I still think that it's a great way to get exposure. I don't believe that it's a scam and I might do it. Tim said that he'd help me get in touch with one of his dealer partners here in Arizona so that I could talk with someone face to face about it. He hasn't gotten back to me yet but hey maybe it takes a while to look up who your partners are and get back to a potential client. I'll let you know when I hear back form him.
**Update**
Tim got back to me this morning (within 24 hours of my request) with the name and number of one of his partners here in AZ!! I have a lot of respect for him and my natural distrust of anyone selling me something is feeling a lot more comfortable with this deal!
Total fees
$1500 First and last two months up front
$50-$200 per car, auction fees (I can't get anyone to tell me what I should expect these to be. Everyone tells me that it's different for every car... come on there's got to be a percentage... 5% of the high bid as a fee? That's the way that it works at Barrett Jacksons... Even when I called Manheim they couldn't tell me.."it's different for every car and every location" So I bid on a car and as I walk up to the window to pay they're in there spinning the big wheel to tell me how much my fees are?? Low money NO WHAMMIES')
$50-$100 per car doc fees
$25 per car overnight shipping
4% if you sell a car on eBay
$500 a month Co-Op fees
Still not as pricy as doing it all on your own....