How To Start Run And Grow A Used Car Dealership On A Budget

Author : Aaron Simmons
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781545112816
Total Pages : 140 pages
Book Rating : 4.19/5 ( download)

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Download or read book How to Start, Run and Grow a Used Car Dealership on a Budget written by Aaron Simmons and published by Createspace Independent Publishing Platform. This book was released on 2017-04 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to Start, Run and Grow a Used Car Dealership on a Budget Start Part-Time or Full-Time Right from Home-Start Your Own Used Car Business 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 Where to get all your dealer supplies and Forms What and how Auction houses work How to get started on a tight budget How to find financing for your new business All Legal requirements How to develop your Inventory How to sell cars How much can you make How to do it part-time from home Dealer management software How to grow your used car dealership Enjoy and good luck!

Author : Ron Ash
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781985375611
Total Pages : 84 pages
Book Rating : 4.13/5 ( download)

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Download or read book How to Start a Used Car Dealership with Little to No Money written by Ron Ash and published by Createspace Independent Publishing Platform. This book was released on 2018-02-12 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: I promise not to make this complicated. This book will be a continued value to you throughout the life of your business. You will find things in this book that established car dealerships do not want you to know. We'll discuss the ins and outs of the auto sales industry. You'll be shown insider resources into buying, selling and financing vehicles. Secrets behind financing your inventory, sales and business will be given. I'll teach you how to be retail ready and poised for success. You'll learn how to gain instant equity to be used to grow your business. After reading this book, you will be able to start your own car dealership with little to no money and run it successfully for years

Author : Kevin Thomas
Publisher : Dog Ear Publishing
ISBN 13 : 1608446352
Total Pages : 154 pages
Book Rating : 4.53/5 ( download)

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Download or read book How to Make Extreme Profits in Your Used Car Operation written by Kevin Thomas and published by Dog Ear Publishing. This book was released on 2010-06 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Kevin Thomas delivers the must read business book of the year for anyone looking to get into the used car business. Kevin combines valuable insight with real how-to techniques that will shorten your learning curve and get you profitable fast. Just executing his Right System concept alone will add thousands to your bottom line." Cory L. Mosley, Auto Industry Sales & Marketing Expert and Founder of Mosley Automotive "Kevin has proven time after time his ability to take an auto dealership to the next level and beyond. His understanding of the entire used car operation, from procuring inventory, to reconditioning, sales, and financing is thorough and his business ethics insure him success time after time. I knew Kevin would be successful, and he has surpassed even my ambitious predictions." Joe Callahan, President Callahan Coachworks Are you an auto dealer wondering how to manage stagnant growth and low profits? Are you afraid the current economy will force you to close up shop? Let's face it. Our industry has changed dramatically in recent years. But as a dealer, when I turned to the so called Guru's for answers to my questions, their advice and ideas were stale and out of touch. I decided to take control. While I couldn't influence gas or stock market prices, I could harness my fifteen years of industry experience and focus on controlling "three vital components" of my business: customers, inventory and processes. How to make Extreme Profits in Your Used Car Operation is the most valuable resource on the market today, offering you answers to the questions dealers routinely grapple with. It's a simple plan to help you master the "three vital components," get predictable and consistent results, and ensure your dealership's long-term success. Kevin Thomas knows what it takes to create a successful automotive dealership. The owner and operator of several of Georgia's most successful stores, former President of the Georgia Independent Automobile Dealers Association, and winner of the prestigious Quality Dealer Award; this fifteen year veteran's in depth industry knowledge results from firsthand experience in a wide range of new and used car dealership positions from sales consultant to general manager. A visionary and a trendsetter, and a graduate of the Professional Business Coaching Alliance's School of Coaching, Kevin masterfully combines his hard earned entrepreneurial expertise with his intimate understanding of the automotive world, sharing his knowledge and ideas with companies and industry professionals around the world. On the Board of Directors for the local Chamber of Commerce, and President of the local Rotary Club, Kevin is happily married to his wife and business partner Karyn. They have three children; Ann Marie, Morgan and Kevin Jr.

Author : Jack Porter
Publisher : Independently Published
ISBN 13 : 9781073602353
Total Pages : 194 pages
Book Rating : 4.54/5 ( download)

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Download or read book Be Your Own Boss! Used Car Dealership Business Startup written by Jack Porter and published by Independently Published. This book was released on 2019-06-12 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Be Your Own Boss! Used Car Dealership Business Startup A Detail Step By Step Guide to Starting a Successful Preowned Car Lot Business for All 50 States Have you ever wanted to be your own boss? Are you looking for a rewarding career? Do you consider yourself a master salesman, or maybe want to become one? Are you looking to start a business that really matters? Car dealership owners provide a much-needed service to our communities, and this service is with a personal touch that cannot be achieved via an online-only buying experience. Sometimes it appears that there are more cars on the road than people already, how could you possibly make any money in this industry? The market has never been better for individuals who are striving to begin their own used car dealership. Used car dealerships are a recession sturdy business model. With my 30 years of hands-on experience in the automobile dealership industry, this book fulfills my need to give something back. I share all of my wisdom and time-honored advice for venturing into your dream career! My family memories involve selling baseball cards at the local flea market and traveling to auto auctions with my father and Uncle Sam. I was an adult at the time of my first auction, but I felt like a kid on his way to the circus. I became captivated by all of the action happening between the auctioneer and the people with the paddles. My Uncle Sam's voice cut through the bidding to yell the winning bid for a beat-up and rusted yet supposedly reliable pick-up truck. Three weeks and two paint jobs later, I was able to watch him sell it for a $3,500 profit. I was immediately hooked. Ever since then, I knew I desperately wanted to sell used cars, but not just for the insane profits. I once sold a gently used Volvo in great condition to an elderly couple who were completely thrilled to have it. They wanted it for safety reasons and of course its record of reliability. That made me proud. Moments like these make it all worth it. Car salesmen have to be therapists, educators, and extended family all rolled into one. The entire experience can be very rewarding! If you have a passion for cars, helping others, and making lots of money, you cannot go wrong with starting your own car dealership. In this "Be Your Own Boss! Used Car Dealership Business Startup" book, I show you everything you need to know, from start to finish of how to run a used car dealership. You can even start from the comfort of your own home! You'll learn the basics like: What impact the car industry has Why you should start a used car dealership NOW How to complete market research What the pros and cons are of starting a used car lot How & Where to buy your inventory How to Navigate through the two big Auction Houses How to price your stock How to market yourself Most importantly, I give you some cold, hard facts. What your initial startup costs will be How to finance The legal requirements What licenses you'll need Answers to some difficult issues you'll face What legal issues you need to consider Licensing requirements & Fees for all 50 states All of this is sprinkled with my time-tested advice and experience. I yearn to give back and mentor some up-and-coming entrepreneurs! I also include a full listing of instructions and regulations to start your own used car dealership, broken down by state in an expansive appendix. With this all-inclusive guide, you will have all the tools you need to begin the greatest journey of your life! As an added bonus, with the purchase of this paperback book, you can also download the eBook version for FREE!

Author : Max Zanan
Publisher :
ISBN 13 : 9781691591329
Total Pages : 128 pages
Book Rating : 4.27/5 ( download)

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Download or read book The Art and Science of Running a Car Dealership written by Max Zanan and published by . This book was released on 2019-10-09 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the pocket guide I wish I had when I first became a general manager of a Mitsubishi dealership in New York. Honestly, I am not the brightest star in the sky and made every mistake anyone could've possibly made. Unfortunately, I see dealer principals/general managers/general sales managers making the same mistakes today. The only difference is the time and consequences of these mistakes. I got my first GM gig in 2004. That was in the beginning days of the Internet, before millennials joined the workforce, and way before any viable disrupters entered the market space. It was a lot easier to get away with mistakes then. I don't think you could get away with making the same mistakes now. The stakes are too high. Automotive retail profit margins are tiny. According to the National Automobile Dealers Association (NADA), automotive net profit margin as of March 31, 2019 was merely 1.38 percent. As a result, every misstep makes it harder to stay in business.The car business desperately needs better leadership skills, understanding of social media, inventory management, fixed operations, and so much more. There is no educational barrier to the entry into car business, and there are only a handful of universities offering a major in car dealership general management, such as Liberty and Keiser. On top of that, only a tiny percentage of dealer principals and general managers attend the National Automobile Dealer Association University. That means that a vast majority of general managers receive training on the job, even if we took business-related classes in college. The auto business is a different animal. General information will only carry you so far. That is exactly why general managers make the same mistakes year after year. My goal is to break this vicious cycle and provide as much information as possible to ensure that automotive retail survives the disruptions we are witnessing today. We need to be ready for the next generation of car buyers, people who are more computer savvy and not afraid to search for better deals. According to surveys, 80 percent of millennials plan to buy a vehicle in the next five years. In fact, millennials worldwide will buy about 40 percent of all vehicles in the next decade. At the same time, they spend an average of 17 hours on line before going to a dealership.Are you ready for them?

Author : Ben Younes
Publisher :
ISBN 13 : 9781520127446
Total Pages : 40 pages
Book Rating : 4.48/5 ( download)

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Download or read book Opening Your Used Car Dealership written by Ben Younes and published by . This book was released on 2016-12-12 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Complete Guide On How To Open And Run A Used Car Dealership!What Does It Take to Start a Used Car Dealership?Things You Really Need To Know To Run A Successful Business- How To Start Your Own Used Car Dealership.- How Much Does It Cost To Open A Used Car Dealership- How To Get A Car Dealership License.- Where To Get A Car Dealership License.- Who Needs A Car Dealership License.- How To Get Financing For Your Dealership (If Needed).- Where To Get Cars For Your Dealership To Sell (Inventory).- How To Hire, Recruit And Train Salespeople.- How To Control Your Inventory.- How To Advertise And Sell Your Inventory.- To Become Successful In The Car Business-........And Much More........ Sales Training:No matter if you are selling a new or a used car, the basic stay the same. The manner in which you perform them may vary, but all the steps must be done to make a sales.The following are the steps to a successful sales:1.Meet and greet2.Establish rapport3.Qualify4.Vehicle walk around5.Test drive6.Service tour7.Ask for the sale8.Offer write-up & Negotiation9.Vehicle delivery10.Follow up after the saleA Complete Guide On How To Open And Run A Used Car Dealership.

Author : Ben Younes
Publisher :
ISBN 13 : 9781520121833
Total Pages : 41 pages
Book Rating : 4.30/5 ( download)

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Download or read book How to Open a Used Car Dealership written by Ben Younes and published by . This book was released on 2016-12-11 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Complete Guide On How To Open And Run A Used Car Dealership!What Does It Take to Start a Used Car Dealership?Things You Really Need To Know To Run A Successful Business- How To Start Your Own Used Car Dealership.- How Much Does It Cost To Open A Used Car Dealership- How To Get A Car Dealership License.- Where To Get A Car Dealership License.- Who Needs A Car Dealership License.- How To Get Financing For Your Dealership (If Needed).- Where To Get Cars For Your Dealership To Sell (Inventory).- How To Hire, Recruit And Train Salespeople.- How To Control Your Inventory.- How To Advertise And Sell Your Inventory.- To Become Successful In The Car Business-........And Much More........ Sales Training:No matter if you are selling a new or a used car, the basic stay the same. The manner in which you perform them may vary, but all the steps must be done to make a sales.The following are the steps to a successful sales:1.Meet and greet2.Establish rapport3.Qualify4.Vehicle walk around5.Test drive6.Service tour7.Ask for the sale8.Offer write-up & Negotiation9.Vehicle delivery10.Follow up after the saleA Complete Guide On How To Open And Run A Used Car Dealership.

Author : Remar Sutton
Publisher : Penguin Mass Market
ISBN 13 :
Total Pages : 404 pages
Book Rating : 4.28/5 ( download)

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Download or read book Don't Get Taken Every Time written by Remar Sutton and published by Penguin Mass Market. This book was released on 1994 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: ? With completely revised with new sections on leasing and shopping on the Internet? Author is the country?s authority on leasing and is a frequent guest on shows such as 20/20, Oprah and Good Morning, America.For fifteen years, Don?t Get Taken Every Time has helped hundreds of thousands of consumers to get the best deal in town. In this completely revised edition, automotive consumer expert and former auto dealer Remar Sutton takes you through the process of shopping, financing, and negotiating?for cars and trucks, new and used, whether buying or leasing. He exposes the latest car dealer practices and scams and guides you step by step to minimizing dealer profit and maximizing your savings. You?ll learn:? Whether to buy or lease? What to buy?new or used?? How to get the most for your present car, whether you sell it or trade it in? How to shop on the Internet?and when to buy on-lineAbove all, you?ll learn to recognize the dealer?s profit-making strategies, and how to not get taken?ever again.

Author : Max Zanan
Publisher : Independently Published
ISBN 13 : 9781792652929
Total Pages : 102 pages
Book Rating : 4.25/5 ( download)

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Download or read book Car Business 101 written by Max Zanan and published by Independently Published. This book was released on 2018-12-24 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Automotive retail is at crossroads--either it gets better or becomes extinct. Consumers are dissatisfied with the sales process in brick and mortar dealerships and that is the driving force behind the rise of Carvana and other industry disrupters. However, it is not too late to fix the way car dealerships operate and improve their reputation. Car Business 101 highlights irrational and counterproductive behavior that car dealers engage in on a daily basis. If you own or work in a car dealership it will be easy to recognize insanity that goes on in Sales, F&I, BDC, HR, and Parts & Service departments. This book offers a fresh perspective and plenty of practical solutions that should be implemented as soon as possible. It is informative and entertaining at the same time. It is a must read for dealer principals, dealership employees, and vendors that service car dealers.

Author : John A. DaRe
Publisher : CreateSpace
ISBN 13 : 9781463779481
Total Pages : 218 pages
Book Rating : 4.88/5 ( download)

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Download or read book Car Business 101 written by John A. DaRe and published by CreateSpace. This book was released on 2011-09-30 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Car Business. Getting started in the car business, How to Get a Dealer License - Without the Typical Car Lot and Expenses. How to buy and sell cars for profit. How to set up your own - Car dealership, Auto Broker. How and where to Buy cars - How to Appraise a car - Where to Sell your Cars. Learning the Auction Process - Being Licensed to Buy and Sell at any Dealer Auction in the Country. Even Sources for Money to Buy your Cars, Nothing is left out. Have been teaching people since 1998, on How to get into the Car business. This Book is based on 20 plus years in the Car Business, and still active today !