Posts Tagged ‘wise’
Question by An open mind…: How do employed vehicle dealerships do profit wise?
I am a auto mechanic and am seeking into possibly beginning my own enterprise. Im curious to know if there is alot of profit in getting and fixing cars? Privately or with a enterprise? I’ve got enough dollars to start a organization, but am not certain if I need to? How have folks done in the Employed automobile enterprise?
Best answer:
Answer by Massive Tom
As with any great enterprise if you are great at buying for low cost and selling high then you wouldn’t have any problems. There are numerous approaches to make good money in utilised vehicles. You make money by purchasing a auto for cheap, acquiring a vehicle and fixing it cheaply, finding vehicles low cost on trade ins, and turning them around swiftly. I recommend that you give yourself a test run. Locate a couple of cars to obtain and turn around. If you make decent money then try to expand and get your own lot/garage. An additional way to make a lot of dollars is to obtain cars that you can get for low cost but look decent. Then what you do is sell these cars for say $ 5000 to folks with terrible credit. You can typically get these type of vehicles for about $ 1000 and make the people pay $ 1000 down and that will pay for the auto. Every thing else that they pay right after that is profit for you. Essentially you have to exploit shady men and women the finest you can but they are desperate so you have them exactly where you want them.
Know better? Leave your own answer in the comments!
The loan will be in the thousands. And if so what is the best business to apply for the loan with?