|
Are you talking a full fledged car dealership or selling a few cars here or there?
One of my first businesses was a used car dealership. If you have never been in the business before, I'd suggest starting small. I dunno how the regulations are in your area but in most places you can pull your dealers license out of a warehouse somewhere.
Don't go crazy renting some high end car lot somewhere until you know you can run the business properly. I started out just buying cars on the side and selling one at a time from my house then rented a small 2 bay warehouse that had a few parking spots assigned.
I later worked a partnership deal with a guy that owned a very nice high traffic lot but didn't have the license and we both sold from the same lot.
Something else to think about when you start out.. A friend of mine that I let work off my license when he first started out did a pretty smart thing when he finally got his license.
He rented a warehouse much like I started in but, only sold specific cars. He sold Mustangs, Jeep Cherokees & Saturns. Seemed to work pretty well for him as he eventually learned what to look for and what those customers wanted. Another guy I knew specialized in just commercial panel vans & light commercial trucks.
There are a ton of scum bags in that industry just like adult.. so just be for warned. Just start small, don't blow a bunch of money just because you have it. Learn the biz then move up if you do well.
|