Soldato
Im thinking of a semi-carear change at some point and im thinking of a used car lot.
The reason being is that i have a few friends in the industry who are fairly wealthy, though they do keep telling me there's no money in used cars - i do think its more they dont want to have a piece of there pie.
At the moment i buy the odd bargain out of the auction, do what ever work that needs doing then sell it on for a profit - not a huge profit but enough to make it worth while imo
The only thing im not sure on is where the money is! Is it in prestige cars where you get a bigger profit margin but sell less of them or in cheaper cars where you have a higher turn over but less of a profit in each motor?
My current business already offers finance through black horse and ive spoke to them about it and they are happy for me to offer car finance as long as i keep to a few rules by some governing body, cant remember who but im sure ill found out more when i further my enquiries.
Is it too risky a business?
The reason being is that i have a few friends in the industry who are fairly wealthy, though they do keep telling me there's no money in used cars - i do think its more they dont want to have a piece of there pie.
At the moment i buy the odd bargain out of the auction, do what ever work that needs doing then sell it on for a profit - not a huge profit but enough to make it worth while imo
The only thing im not sure on is where the money is! Is it in prestige cars where you get a bigger profit margin but sell less of them or in cheaper cars where you have a higher turn over but less of a profit in each motor?
My current business already offers finance through black horse and ive spoke to them about it and they are happy for me to offer car finance as long as i keep to a few rules by some governing body, cant remember who but im sure ill found out more when i further my enquiries.
Is it too risky a business?