Question by QuestionAsker0013: Car Dealers?
I was wondering, if I became a car dealer, how do I get money to pay for the cars at an auction to try and sell? In other words, when a car dealer purchases the car they want to sell, where does the money for that car come from? Do they pay for it out of their pockets, or take out loans? Another thing, how good does your credit have to be in order to become a car dealer?
Best answer:
Answer by Daryl C
I tell you coming from a family of car dealers. Most car dealers have about a $ 200,000.00 line of credit at the least that they have to work from. The main reason is being the can’t have leins on the cars that they are trying to sell it would make things too difficult. So all in all you would have to have excellent credit to start a good car lot. If you wanted to buy 2 or 300 dollar cars fix them and sell them on buy here pay here terms well you could do that with little effort if you have the mechanic ability to repair them yourself. That is what I do in my spare time and I make a pretty good profit from it. Not enough to do it full time, but I have never tried either. Go for it, if you have the will there is a way.
Give your answer to this question below!
How To Start And Operate A Profitable Used Car Business
A Licensed Dealer Exposes The Secrets To Getting A Dealer License And The Easiest Ways For You To Succeed In The Used Car Business. Discover How To Buy At Dealer Only Auctions And Quickly Turn Into Profits On Craigslist And Other On-line Web Sites.
How To Start And Operate A Profitable Used Car Business
(view mobile)
This Is A One Of A Kind Manual Written By A Licensed Car Dealer. It Gives You The Complete Details On Importing And Exporting Cars For Big Profits. It Shows You How To Get A Dealers License So You Can Get Into Dealer Only Auctions.
(view mobile)
How To Start A Import/export Car Business
Never Get Ripped Off Again Buying A Car! Save Up To 00 Off Of Your Next Purchase. Former Auto Dealer Gm Blows The Lid Off Of The Auto Industry And Comes Clean On Every Scam And Trick Used In Car Sales. Discover The Right Way To Buy A Car!
How To Start A Import/export Car Business
P301b | 43in | Bonanzacoll | Cat Vet | Important Things To Consider Before Putting Your Property On The Market | armani | juventus soccer jerseys | Key to Starting Your Own Clothing Company | Send Your Home Value Skyrocketing With These Improvement Tips | Why you really need something to compress your files. | The Importance of Text Psychics | Tobacco Freedom Can Be Yours With These Ideas | Famoustop | 4 Tips for Smoothing Hand Wrinkles | Luton Airport Taxi Quote | mutuelle santé | Quick Tips For Being Your Own Handyman
