How to Start, Run and Grow a Used Car Dealership on a Budget: Start Part-Time or Full-Time Right from Home

by Aaron Simmons

->->->->DOWNLOAD BOOK How to Start, Run and Grow a Used Car Dealership on a Budget: Start Part-Time or Full-Time Right from Home


It is not hard to become a used car dealer even if you are on a tight budget. As far as the income potential is concern, it is higher than most other side gigs you will find. Just imagine this, you buy a 6 years old Toyota Camry with 87K miles for $4,500, you bring it home, clean it up, fix few minor scratches, wash it wax it, then put it up for sale on Craigslist for $7100. In the first three days you get a few calls, and after 4 test drives, you sell it for $6,600.

Let's see how much you made from this sale. You paid $4,400 + you spend $350 on fixing minor issues, so your total cost was $4,750, but you sold it for $6,600, so your net profit from this sale is $6,600-$4,750 = $1,850

Not bad for few hours of work. You see if you buy the right type of cars and price them right, there is no reason you can't sell 2-3 cars a month and make a handsome extra income each month.

I have a friend, who has a small insurance business. He has been selling cars on the side for last 25 years, and he told me just by selling 2-3 cars a month, he was able to pay for college for all his three kids.

On the other hand, if you want to grow, then start small but reinvest the profit you make from selling each car back into the business and soon you will see, you are growing at a fast and steady pace, but you have to be focused and dedicated.

Let's see what you will learn from this book:

  • 12 Steps to get started
  • All 50 State licensing requirements
  • Bond and insurance you will need
  • Personal financial statement & sample
  • How to incorporate and Name your business
  • Sample Article of Incorporation
  • Which is the best legal business entity for you
  • How to get a EIN number and open a Commercial Bank account
  • And much more!





















How to Start, Run and Grow a Used Car Dealership on a Budget: Start Part-Time or Full-Time Right from Home Aaron Simmons
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How to Start, Run and Grow a Used Car Dealership on a Budget: Start Part-Time or Full-Time Right from Home
Motor Trade Insurance is a great option as unlike private insurance it allows you to add and remove as many cars as like without having to pay additional costsShare this article Facebook Twitter Email Comments Add new comment Leave a reply Cancel ReplyYou must log in or Sign up to post a commentHow to Start, Run and Grow a Used Car Dealership on a Budget.Make market projections and set goals for yourself based on these findingsMy libraryHelpAdvanced Book SearchInvestigate the competition in your industry, the economy in your area, the demographic breakdown of your client base and the availability of potential customersSo, your second milestone is to get out of the building ." Get involved and see your post here >> Tweets by startupstowers

808 Buy Art of Candle Making Business Startup: How toIt reduces your risk because you can rely on income and benefits from your full-time jobHome Top 50 How To Magazine Franchise 500 Spotlight Subscribe He has owned and operated two used car dealerships for many yearsAttention! Only Premium Sellers can see the phone number of the person who commented on their postEnter your email Invalid Email .

LocalQueen 4.7/5.0 Install App How it works Are you a Seller? Select Country All India USA Login Search Subscribe Now Gift Subscriptions Subscriber Services Digital Editions iOSAndroidKindle Copyright 2017 Entrepreneur Media, IncWhat is more it can be done on a part-time or full-time basis perfect for an entrepreneur looking for a simple business idea.Before you take the wheel: read this first!Before you buy your first car you should do some market research so you can find out what types of cars are sellingDo keep in mind that you will have to repair any issues the car may have and that will also be something you will need to budget forStarting a Business Starting a Part-Time VsOnce you go and see the car you should take it for a test drive to get a feel forhow it drives and any repairs you may have to make should you decide to purchase.Finally, make sure the car has a V5C registration document, this can be used asproof of ownership and as a way to keep track of registered keepersIn the first three days you get a few calls, and after 4 test drives, you sell it for $6,600 5d8a9798ff
Aaron Simmons
The latest Tweets from Aaron Simmons (AaronSimmons7). Manners matters. Multimedia Journalist. Social Media Specialist. Videographer. Hustler. Stewartville - MSUM .Research genealogy for Aaron Simmons of Plymouth, Massachusetts, USA, as well as other members of the Simmons family, on Ancestry.In his work as vice president of client strategy at GTRI, Aaron Simmons oversees the companys strategic, cross-industry relationships with corporate and government .
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