My First Car Dealership
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- เผยแพร่เมื่อ 28 ก.ค. 2019
- #Dealership #CarFlipping #AutomotiveLife My First Car Dealership Showing you around and going over how to flip cars how to get started Dealer financing Buy here pay here
Contact me at Lucky@Automotivelife.com
IG 📷: / automotive.life
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Be Sure To Watch "How To Get Your Dealers Licence and Start a Dealership" th-cam.com/video/CTKOVhb_K1U/w-d-xo.html
Wow. That's hugh. I'm opening with a 45 car lot and 2 bays in new York. Great stuff!
Charlie Hernandez that’s awesome. Congrats is this your first dealership.
Aaron Draper I’ve seen consignment cars be a blessing and a curse it’s extremely hard to make money off consignments because people usually want to much money for them plus depending on which bank you send it to you could have one to three payment recourse so if the customer doesn’t pay you have to buy that car back so now you’re stuck with the car that you didn’t make any profit on
How is your car lot going ?
My carlot is small. but thank u for the honest videos u the only guy on u tube that knows what hes doing and dont bs.
I really like all your advice. I travel for work but eventually want to flip cars or open a small dealership. I have a lot of interests and my favorite TH-camrs are the ones that don’t have to share the information they do but they still share their experience. Anything you learn, experience is everything. Thank you and keep up the awesome work.
Man I love your channel. I own a small indoor/warehouse dealership were i specialize in selling Infiniti and Nissans. You’ve answered so many of my questions with expanding and other ways of making profit! Thank you again!
Right on!
Goals man!
I love how you know all details about your cars.
Like Guru know all his minions by name. I am about to finish watching all your video. Good work and God Bless.
Thank you 🤗
Wow at your dealership! With the real service drive!
It was a old Mitsubishi & Suzuki Dealership
Great video and info. Thanks for sharing.. keep it up !!
Thanks Colin we appreciate that More Videos on the way :)
Good stuff my new favorite channel
Thanks DJ. We have a new video coming this week 😃👍
Man going to be running through all your vids! Lol let’s get that algorithm going! 💪🏽
Yesssss
Could you go over how you do Consignments and how you finance them thank you
Wow you've come a long way from 4 yrs ago to today
I wanna grow up to be a dealership owner it’s been always my dream l love cars and know a lot about them.
You can do it :)
You have a beautiful dealership
Thanks :)
We need some more videos brother we love your videps
working on more as we speak
can you make a video on everything to do after a sale
Preach! So you would still choose Texas #1 before even Florida to open a dealership? I’m in California, but even here rent to own might work? On a cheaper side.
This blog is full of Benefit
💯
Hey great info. I wanted to ask you. I thought you can't legally advertise 2 different prices for a car. Regardless if cash or finance. I'm in New York.
what about buying previous rental cars from companies like Enterprise, or do you do that already
Can you make a video that talks about how long it takes on average to sell a car? How long does it take to turn over your inventory? Thanks
Gustavo Duarte I’m working on that now. 😃👍
Could you tell me the thought process on how come to put expensive cars in the front and cheap cars in the back
I understand now thank you
I don't want to be bothered by a salesman. I look over the entire lot before I even want to talk to a salesman. I generally want new, but bought a 2013 Ford FLEX that had 13K on it discounted by USAA in 2013. It only has 70K on it, and it has had no issues.
Thanks for showing the lot and shop, it was really informative. Have you been able to make the video on flooring plans or raising capital to buy cars?
Modern Motorheads If you go to my how to get a dealers license video. I talk a little about flooring lines. I’ll make another video about them.
@@LuckyLopez777 please make a video about the flooring when you have time, love your videos.
@@evolutionball3973 we made the video its coming out Next sunday this sunday is part 2 of car flipping
@@LuckyLopez777 sweet looking forward to it, what's your opinion on having no finance available at the dealership and doing cash cars only under 6k. Also what's your opinion on selling cars above 35k but customers brings own finance? 10 car limit in both scenarios with 75k floor plan available. Located in Texas.
Evolution Ball I did cash cars for a while there is a good market but there’s always more people with $1000 down looking for vehicles I believe the key and having a dealership is to be open to all types of sales cash finance and buy here pay here
Do you get most of your cars from the auctions, or trade-ins?
I'm thinking of starting a lot in Michigan, is that a good state for a used lot?
Man congratulations You have a nice place and the shop is great! Did you start with an auto repair shop and then got involved in the dealership business? I have an auto repair shop i can fit about 20 cars in it and I'm thinking about getting my dealer license.
can i use my auto repair shop to start the auto dealer business?
Eliezer Aldana I had a repair shop and customizing In the beginning. I started flipping car. Once I started flipping 20-30
Cars a month. I went and got my dealers license. I would always recommend a dealers license or. Wholesale license.
How much is your Flipping car course
Whats up Automotive Life, got a quick question for you. I have a dealership selling in my area. Asking price is 900k. The owner is willing to do owner financing with 200k cash down. Revenue around 2M annually. Not exactly sure on net profit because of many right offs. Holds about 150 cars, over 400 5 star ratings on google. Great customer base. What do you think about that?
One thing I’ve learned in the car business is that no one ever sells a profitable dealership lol. With $200k you can do amazing things as a start up. Without all the past liabilities. Perfect example is there’s a dealership here in Las Vegas that’s for sale but they burned every single bank so they have it up for sale somebody’s going to buy it from out of state and they’re not going to realize they try to do business with local banks nobody’s going to do business with them and once you purchase a corporation you take over their debts and responsibilities so customers from the past can still come up and sue you for something done 2 yrs ago. So I always advise. Never buy a existing dealership.
Why did you get rid of your retail dealership? What happened like why wasn’t it successful either like mistakes mistakes you made that you can share with us
What are flooring plans?
Lines of Credit
I wish those prices still 😫😫😫
Me too lol
Automotive Life Im Located in Alabama New Dealer as of 2019 have my Car lot location everything is set up really nice about 10 car inventory rite now But trying 2 get to at least 25, I have been doing pretty good being that I started towards the closing months of 2019. I have 1 floor plan wit nextgear, which I have a few floored cars & I Also have a few cash cars!!
Also I am connected to a guaranteed financing company also which I sell all my floored cars on that platform. But I wanted to know how do I get connected wit sub prime lenders where I can make a sale & I receive full profits instead of having to share a portions with CAPS? Also how do I get started with buying cars from dealerships @ cheap prices like U where doin in your flipping vids? Also how can I access more capital? Because rite now Im being very wise on how I use my floor plan !!
As Far as Capital there is Nothing Every bank will not lend to Dealers with a 800 credit score and 200-300k in sales every month bank still told me no lol you have to Slowly build your capital or find a investor Sub prime bank you have to find them in your area Call your Dealers association or ask other dealers what banks they use
Great content, you mentioned dealership course? Is that up and running at this point?
We are currently making it. Should be ready in February
Any update on this? I really need this course
Great and very informational videos, do you have buyers or you are only one who goes to auction?
Dachi Jguniashvili I go to the auction. And buy all my cars. I like to check each car out before buying
Automotive Life Automotive Life Automotive Life I’m thinking to open small car lot, I found building can hold 15 cars and at it’s located on pretty busy street. Based on your previous video , i believe it is good location because it’s consider as wearhouse type of dealership and at the same time it’s on busy street where I can still park couple of cars in front of building to attract customers. My question is about expenses. Building will cost me 3500 plus utilities. I’m wondering Should I start using Dealer Center right away or try to keep expenses as low as possible? I appreciate your advise
Dachi Jguniashvili You want to used DealerCenter right away cuz it will help you track everything. I would stay away from a warehouse. Unless it has a large lot. Cuz in 90day you can out grow it. I see it happen all the time. Go for the most parking in the beginning. Tiny office. 😃👍
What’s your website for your dealership? And do you finance cars outta state? Or sale cars outta state?
We do sell cars out of state. But. Our banks here in NV suck. They don’t like to lend out of state. NV is one of the few states that suck for dealers. Lol. Plus cars are also priced higher here in NV. Compared to other states. TX and CA are much cheaper and the mid west is way cheaper
How can someone finance something from you from the east coast? Mainly became everything here on the east coast has rust on it.
We do have Nationwide lenders that Lend to everybody but My BHPH is only for people that live in Las Vegas
Looks like you're in NM
Las Vegas
How does buy here pay here work for u is it profitable sound like a good idea can u do a video about it thank u
Frankie Nieves we are working on that video as we speak.
On the buy here pay here do the buyers pay the sales tax plus the downpayment at closing or can they pay sales tax to you at a later date
Most time i would like to cover sales tax with the down payment
Any news on the website yet?
Danny Moss it’s Live www.AutomotiveLife.com
Chrysler 300s are junk! I’ve lost a lot of money on them pieces of crap! Always lifter problems! 🤣🤣 thanks for the info! Great channel btw! 👍🏼👍🏼
Thanks Pablo Ive lost alot of money on Dodge/Chrysler over the past years lol
You want the 3.5l engine, not the 2.7.
😀🤗🙊🙃
How much does it coast to get a dealership started
Watch our Video goes over costs It mostly Depends on Credit and your State It can be as little as $3500 Mine Costed $50k but in our video "How to Get your Dealers License & Start a Dealership" gives you good break down
Bucket row. Lol
How much do you make a year?
If you are flipping 10 cars a month making $750 profit on each car you can make $7-10k a month. I own a dealership and a shop so my numbers are a lot different B
@@LuckyLopez777 okay I was just wondering because I am about to get into flipping cars I am currently 18 years old.
thats a personal question bro. lol im surprised he replied u
@@ikelenafly not really since he posts his buisness on youtube and I was curious because I am getting into this at the age of 18 about to be 19
@@jaluntaylor4596 Good luck brother. I wish I was 19 again😥
Love the videos, where do I find all the paperwork to sell cars, as is, contract, odometer disclosure, etc. I am a nee dealer in houston, Tx. My name is Samuel Rosas.