Omg lucky! I wish I saw this sooner, I sold my first deal at 9k my net check was 3.3k with a 1500 down payment ): I rushed the deal because I was excited to close and was clueless about the buyer fee. Learning from my mistakes thanks to you
dealers dont add the buy fee to the advertised price of the car, thats a good way to get sued (i learned the hard way, cost me about $10k and i didnt even go to court). Instead, i would only sell the car if i make enough on the backend products (gap and warranty) to offset the bank fee. I would explain that to the customer and even show them the bank fee on the banks approval sheet. Most people understand that. Also, when you quote them payments go ahead and include the gap and warranty in the deal. Dont ask them if they want it, and then quote them a higher payment after those products are added in. You will have a much higher chance of selling the backend products that way
7 months in with my dealers license. Those Westlake buy fees are crazy, although if you have a good rep, they'll work with you a little bit depending on the situation. Definitely learning a lot and have so much more to learn. Love seeing your vids! Put me on the list please!
Love your videos man! I have been working at my cousins dealership for a couple years now, and I'm about to branch out and start my own your videos have been a lot of help.. much love!
This game is DEEP! I’m realizing that things must be done correctly & smartly in order to profit & also stay out hot water 🤔. Thanks for Knowledge Lucky! Respectfully, Swaggedoutrentals - Rico - Houston, TX
i wish i knew about your account 5 or 6 years ago i tought myself all of this, did it all with local banks and credit unions didnt know about other banks or backend till just a few years ago
Hey it didn't rain today. Well so far. :) On to the video. What can we learn next? I'm liking the finance portion better than the sales side. Now to get experience in F&I or be a consultant.
Can you make videos about how to purchase a car using business credit? How do I purchase a car in the name of my business as a personal guarantor with it showing up on my person credit. Second idea, how can I purchase multiple cars for Turo using my dealers license (plan on getting one) without them showing up on my personal credit
That’s a lot trickier and there’s so many variables with it that it’s hard to make a video on plus that’s one of the things I sell in my classes in my consulting. I’ll see if I can kind of make a generic video
@@LuckyLopez777 how can I reach out to you directly to get some guidance on that question specifically. I see a lot of videos on purchasing using an LLC but very heard the dealer perspective
Which software you recommend for adding vehicles into inventory. What are some start up tools/software needed. So far all I have is Grapevine Data consultants from Fresno CA. Would Appreciate a consultation.
Do you have any video mentioning a few of the banks that work under these three categories? Will like to learn of a few for the DSP one (other than west lake)
its been hard to find lenders for a very small dealership. especially prime lenders do you have any tips where to look for. ive heard brokers can help with that as well but i dont even know where to start.
You mentioned winning a free consultation for comments for TH-cam subscribers...So do you have regular consultations that you charge a fee for or is the consultation just for TH-cam?
so can i put a gps on the car being financed with the bank in case there is a payment recourse so i know where the car is and mitigate the risk of loosing it after the banks takes back his check ?
You could sell your car on any platform and there’s always gonna be people that want to know if you could finance it just tell them no cash only I put in the ad.
An auctioneer’s filler words may include: Go Dollar Now Give And Bid Say Here Down Bidder And A Go The Bid The Say The Make It I’m Bid Is Bid Dollar And Dollar Bid Over Here Over There Dollar Now Will You Go Will You Give Bid’em At Will You Bid Will You Give Dollar Bidder Now
So when you hold back points say that 3.5% case, the bank actually gets 3.5% interest and cuts you a check of $600? If so do they have to approve it first? Is there a limit on how much I can hold back? I would think the higher interest rate the more risk of the customer defaulting on a loan.
![[ TEASER ] เงาะป่า - วงL.กฮ. | TMG RECORD](http://i.ytimg.com/vi/M4ObdFfcPww/mqdefault.jpg)
Omg lucky! I wish I saw this sooner, I sold my first deal at 9k my net check was 3.3k with a 1500 down payment ): I rushed the deal because I was excited to close and was clueless about the buyer fee. Learning from my mistakes thanks to you
dealers dont add the buy fee to the advertised price of the car, thats a good way to get sued (i learned the hard way, cost me about $10k and i didnt even go to court). Instead, i would only sell the car if i make enough on the backend products (gap and warranty) to offset the bank fee. I would explain that to the customer and even show them the bank fee on the banks approval sheet. Most people understand that. Also, when you quote them payments go ahead and include the gap and warranty in the deal. Dont ask them if they want it, and then quote them a higher payment after those products are added in. You will have a much higher chance of selling the backend products that way
7 months in with my dealers license. Those Westlake buy fees are crazy, although if you have a good rep, they'll work with you a little bit depending on the situation. Definitely learning a lot and have so much more to learn. Love seeing your vids! Put me on the list please!
Good stuff!! your on the list
I’m actually trying to get in with Westlake. Do you use another company?
Love your videos man! I have been working at my cousins dealership for a couple years now, and I'm about to branch out and start my own your videos have been a lot of help.. much love!
Awesome you should. Nows the time 😁🙌
It doesn’t matter if I win or not. Your giving out gold here. I buy Lucky by the barrel. 👏🏻👏🏻👏🏻👏🏻
Thanks 😁
This game is DEEP! I’m realizing that things must be done correctly & smartly in order to profit & also stay out hot water 🤔. Thanks for Knowledge Lucky!
Respectfully,
Swaggedoutrentals - Rico - Houston, TX
Exactly!! :)
First Come, First Served. Need the consultation.
On the list 🙌
Now I understand why a single trip to a dealership affected my credit score so much) Thanks for the video, useful information, interesting to learn.
Glad it was helpful! :)
Excellent information to learn the different Banks program
I am coming back to the US and this time I hope to start my own business and try to live happy> Cheers
Cheers 😁
i wish i knew about your account 5 or 6 years ago i tought myself all of this, did it all with local banks and credit unions didnt know about other banks or backend till just a few years ago
Welcome to the family. I home we can show you some stuff that can help your business now 😁👍
I love watching/ listening to your shows your one I don’t mind if they are long.
I’m trying to keep them under 10mins lol
Can you do a current how-to vid soon on structuring a buy-here-pay-here? That would be sick!
Its Coming soon. thats also in our classes for a deep breakdown. :)
Hey it didn't rain today. Well so far. :) On to the video. What can we learn next? I'm liking the finance portion better than the sales side. Now to get experience in F&I or be a consultant.
Thank you for putting out good content. The consultation would be helpful!
Thank you for watching 😁👍
Love your videos! hopefully I can win that hr, Im in the middle of getting my dealership license right now!
Fingers crossed!
I think I just became your first patron on patreon! I would love a free consultation!
Thanks I appreciate 🥳
That was clear cut - thanks a lot
You're welcome!
First time on your channel. Im hooked! Thanks for the info.
Awesome! Thank you! welcome to the Automotive Life Family
Great video like always !! Can’t wait for a Full BHPH course
Its Live on our Website
@@LuckyLopez777 can’t find it on there , I appreciate if you share link thanks .
Great Video, hope things are going well in Vegas
We are 100% open. So we will see
Can you make videos about how to purchase a car using business credit? How do I purchase a car in the name of my business as a personal guarantor with it showing up on my person credit.
Second idea, how can I purchase multiple cars for Turo using my dealers license (plan on getting one) without them showing up on my personal credit
That’s a lot trickier and there’s so many variables with it that it’s hard to make a video on plus that’s one of the things I sell in my classes in my consulting. I’ll see if I can kind of make a generic video
@@LuckyLopez777 how can I reach out to you directly to get some guidance on that question specifically. I see a lot of videos on purchasing using an LLC but very heard the dealer perspective
@@boischristian my email Lucky@automotivelife.com
Great videos. I always see your content. I'd love that call. I'm just a startup. I finance the cars myself but want Improve thanks
thanks :). your on the list
Excellent information Lucky. I learn a lot
Thanks
Great video Lucky!
Thanks I appreciate the comment
Which software you recommend for adding vehicles into inventory. What are some start up tools/software needed. So far all I have is Grapevine Data consultants from Fresno CA.
Would Appreciate a consultation.
DealerCenter is what I used.
Super great info. Thanks.
Thanks 😁💯🚗
Lucky what are the best banks to work with I need help I’m a new dealer
Great content!
Thanks I appticait that
I’m a new car dealer and I’m 20 yrs old the classes I took didn’t help at all. Need your help 😂😂
Watch our videos. And if you need training we have dealer training as well. Buy sell finance
hello thank you for your tips, can you provide more about selling back end products?
Great Content.
Thanks :)
Do you have any video mentioning a few of the banks that work under these three categories? Will like to learn of a few for the DSP one (other than west lake)
I do but alot of the banks are different state to state
Awesome video what do you think of the in-house financing
It’s the future and the only way to build log term wealth
its been hard to find lenders for a very small dealership. especially prime lenders do you have any tips where to look for. ive heard brokers can help with that as well but i dont even know where to start.
ive one had luck with one local credit union as a referral program but besides that nothing else
Feelin Lucky...
Federal student loans should have recourse to the university for the first 60 months post-graduation and months with $0 minimum payment don't count.
How can I get more banks to work with my dealership. I am in El Paso, Tx
Did you figure it out ?
does your program come with any type of mentorship?
yes there are different levels :)
I’m a dealer what do you think about buy here lay here for customers?
You mentioned winning a free consultation for comments for TH-cam subscribers...So do you have regular consultations that you charge a fee for or is the consultation just for TH-cam?
I Do 1hr consulting calls for $250 email me at Lucky@automoitivelife.com
I need to find a job at a dealership
I’m sure if you go to any dealership right now they’re looking for sales people appointment riders service writers and marketing people
so can i put a gps on the car being financed with the bank in case there is a payment recourse so i know where the car is and mitigate the risk of loosing it after the banks takes back his check ?
Las Vegas Local, wanting a consultation, how do I consult to you about GMB, I can white Label.
Team Vegas 🙌. Your on the list
@@LuckyLopez777 Does that mean I get the Consultation?
Nice shirt
Thanks :)
Pick me! Pick me! Gummy Bears & Toast!
Yes Sir!!!
"Yo Adrian!"
Yesss!!!
Man I got hit with 3 buybacks in one week...I hated my life lol
Kiss of Death lol. they come in 3rs lol
I want know how make connecting with CUDL I CONTACT with many Credit union and they told me just work with FRANCHISE.
you can but there's alot of requirements
@@LuckyLopez777 without Financial hard to sell more cars . Is any way to make consultations about it
Save my dealership need your help
Your On the List :)
Can I sell my expensive car I don’t have dealer permits and people sending me message wants to do finance my car in Craigslist and OfferUp
You could sell your car on any platform and there’s always gonna be people that want to know if you could finance it just tell them no cash only I put in the ad.
I buy that for dollar I wish have consulting with you about this topic please
Your on the list
@@LuckyLopez777 thank you 🙏🏻🙏🏻
An auctioneer’s filler words may include:
Go
Dollar
Now
Give
And
Bid
Say
Here
Down
Bidder
And A
Go The
Bid The
Say The
Make It
I’m Bid
Is Bid
Dollar And
Dollar Bid
Over Here
Over There
Dollar Now
Will You Go
Will You Give
Bid’em At
Will You Bid
Will You Give
Dollar Bidder Now
Facts !!!
The dealership doesn't want the new salesman to know the money they make with financing otherwise the salesman would ask for another commission.
Consultation for a $1
$$$. On the list 😁👍
Hiiii
Hola 👋
So when you hold back points say that 3.5% case, the bank actually gets 3.5% interest and cuts you a check of $600? If so do they have to approve it first? Is there a limit on how much I can hold back? I would think the higher interest rate the more risk of the customer defaulting on a loan.
Each bank has there own terms. but they only do it on Good credit customers. so there is way less chance of default
Pick me 🙋🏻 please....With you since you had 50 subscribers 🙏
Your on the List and thanks for being a OG sub
@@LuckyLopez777 Thank you for sharing your knowledge....
Lucky give me a like,
🥖🥖🥖🥖🥖🥖🥖🥖🥖
Yesssss
Me, me, pick me!
Your on the list 😁
Great content bro, thanks for what you do. I watched almost all your videos man. Lots of informations love it
@@johndesinor2680 thanks 😁
me?
Your on the list 😁