Flipping Exotic Cars Vs Buy Here Pay Here
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- เผยแพร่เมื่อ 3 ต.ค. 2024
- #ExoticCars #BuyHerePayHere #AutomotiveLife
We go over the pros and cons of Flipping Exotic Cars and compare it to Buy here pay here portfolio BHPH.he numbers will surprise you! you can make more money from a Cheap car then a Lamborghini or Ferrari in the long term
I Buy "Buy Here Pay Here". we get you cash in 7 Days!!!!
Contact me at Lucky@Automotivelife.com
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How to Start a Dealer Licensing
How to Start a Rental Car/ Exotic Rental Car
How to Start a Auto Repair Shop
How to Start a Auto Body Shop
How to Flip Cars for Extra Cash in 30 Days
Man you are changing my mind on BHPH, I always tried to stay away from it because of the headaches but also because BHPH dealers have a bad reputation. I have seen many shady ones get taken out by the state and even the FBI.
You are opening my mind to do more financing and I might start doing some BHPH now that I’m opening the repair shop, thanks for the info.
I have over 50 years of experience. BHPH is far better than messing around with the jerk offs when dealing with "exotic" cars (problem cars).
We are in Florida, no brag but we hold more gross than you can an exotic. Make sure you do the maintenance that the end user will not do. We are fanatics about timing belts and water pumps, I fired a mechanic years ago because he "thought" the belt was O.K. Our rules are they all get REPLACED! Put spy boys in every damned one of them. Just a few pointers. The guy who taught me the business told me "they are all bums", that way you are never disappointed. Our average CV is around $5000. per unit. We NEVER sell to people who work in "gentleman" clubs or preachers. Painters and police are also bad risks from what experience has taught me. We VIG the customers at 23.9. I hate to be cynical but I have seen it all.
Ive been doing BHPH for years, we are a medium size dealer. And while the video is awesome, ill tell you its not easy.....
Lucky your content is awesome. I’m not a dealer I am a retired guy that’s hoping to take it vantage of lower prices and be able to buy a truck in the next six months. I don’t want to buy a new one I want to buy a used one. So I watch all your videos so I can be informed as to when prices might start to creep downward
Right on!
This is better than I thought u opened my eyes even more thank u
Thanks for watching the video
Never heard of "Buy Here Pay Here" until your video. Could you please upload a video on explaining what is it exactly and how would one start this type of business?
If you go to my channel there’s a few videos on by here pay here that will explain most of the stuff to get started all the very good details are in our online classes
Actually Lucky I like the numbers. Like you I prefer the money. We do have a couple oddities in Texas, so it makes me wonder. One item when I was in Rental Properties was no matter the contract interest rate specified and initialed by the borrower the J.P.'s would set the interest at either 6% or 18%. Seldom anything in between. Also we have a quirk that most Doc fees are $150, and an addendum must be disclosed for any amount above with broken down fees. The GPS install and Detail I suppose could go in that box? FL was crazy at $799 for DOC fees and they will not come off of it nor reduce the price of the vehicle. Its ok I'm not with that chick any longer. :)
By selling used Ninja 400, I was able to buy at 3400$, clean and polish the bike grease the chain and the bike was gone for 5000$ 48 hours later.
Lucky your videos are the very best ...so much good info ...would like a video like these just discussing repos and possible potential
Thanks Byron I appreciate that 😁. I was thinking about showing how much money we make off of repos late payments and some of the things that people don’t know about
@@LuckyLopez777 definitely...please do!!!
@@byronhaley5947 Will do 😁👍
Hi lucky, enjoying your videos.
Don’t you do dealership courses any more?
Only consultation call window pops up on your website, even when i press the courses
you do not know how good are your tube. many thanks
Thank you for the Complement and for watching :)
Mr Lopez preciate the free game. At the 11:40 mark you mentioned you got 7192 by adding the cost of the vehicle 4,995 plus tax 446, plus interest we made 1,251 plus down pmt of vehicle 1,000. When I added all those I got 7692. To get 7192 I added the cost of the vehicle 4,995 plus the doc fee 500 plus the sales tax 446 plus the interest we made 1,251. I'm taking notes and i'm new to this so i'm not sure which way is the correct formula.
Ill Check it now. I may have addes doc fees
@@LuckyLopez777 OK. I just finished your course on How to start a rental car company and How to flip cars. Preciate you taking the time out to create these courses. I'm looking forward to this new journey.
@@marquisrobinson1274 congrats 🥳. What state/city you renting cars in
@@LuckyLopez777 i haven't started renting out yet. When I do it will be in Orlando florida and surrounding areas
This just got real good.
I seen the other video. Now this is beyond awesome.
Where is the course details ?
Everything is on my website the link is in the description
update ** we are now finally going to buy here pay here. I came back to get more motivation for an already nervous day
Fabulous work. Thank you!
Thank you for watching 😁
Definitely fun! Thanks 🤙🏽
🙌😁
I think there is a lot wrong with your math,first you hardly will find all these cars for $2000 and if all these cars need some repairs.
Then you are triple your purchase price in your sale price but by the exotic car you are not doing you only figure 6 %.
Believe me on a 150K car my cost I will have more profit then 10K I could go on and on with no doubt I good BHPH makes great money with a lot of headaches sometimes even a gun in your face.
So figure out the repair on your cars before you can sell them a big lot need at least 1 or 2 full time mechanics not easy to find ,that's why a tool box has wheels
Great info 👍
Thanks for watching!
Great video, but I have a question. I’m a dealer here in Sac, Ca. I specialize in very low mileage Japanese makes. What do you think about speciality or niche dealers? For example, I want to get into 4wd vehicles, like Lexus GX, land cruisers, 4runners, Tacoma, Tundra, etc. Also get into lifting new Subarus and putting wheels and tires on them. Do niche dealers do pretty well?
I think it is always good to have a niche but you were limited by your volume I have friends that import cars from Japan I also have friends only do exotic cars you always have good customer client base but it’s very hard to expand because it’s a limited amount of people I would definitely recommend keeping your niche that makes you happy but to expand your business I would do regular cars at a different facility so this way you can capitalize on volume.
Unemployed for 4 months but wants to finance a 20k car. You will always have customers.
Great video thanks
Glad you enjoyed it. :)
Can’t believe how profitable the BHPY model can be if done right. I do have a question… I was watching a video from a different channel some time ago and the pint was made that you can ask to be a rep of a dealership and pay them a monthly fee for them to do the transfer of paperwork and you can basically buy and sell cars without needing to have a dealership. I think the term was “Retail Dealer Representative”. Is that true?
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Lucky, no one in my city of about 300,000 people offer this BUY HERE PAY HERE Service. I am just wondering if you can talk about the whole process, like paperwork, can we do the direct deposit?
I do have a few Videos. but I mostly save the BHPH for my classes. but it sound like your sitting on a gold mine!!!
@@LuckyLopez777 Where do I find info about your classes? Thanks for responding, Lucky.
When are you doing a bhph course ? Great content btw 🙏🏼
We do have one it’s part of our dealership course.
@@LuckyLopez777 where? Tried to sign up but it’s just showing rental course.
@@oceaniccapitalllc.921 same too , any links ?
@@oceaniccapitalllc.921 I can email you the link. We are updating the corse
@@LuckyLopez777 need it to please castledeal@hotmail.com
Thanks for sharing.
Thank you for watching
Would like to speak with you in regards to legalities for the BHPH sales. What’s the best way to reach you? Of course I wouldn’t mind paying you for your time. Thx
We do Consulting calls. Emails us at Lucky@AutomotiveLife.com
Yeah, so we are comparing storing and managing sales for 2 cars vs 150 cars? Maybe I'm not cut out for this dealership business.
You can do both lol. I love the car biz cuz you can make it totally your style and business plan 😁👍
Jafar21215 here, I definitely want to do BHPH
Me Tooooo
Do you have a school or books I can learn from to sell cars? Am saving to open to open a small car dealership attached to my bodyshop I focus on frame machine and painting cars here in Chicago, illinois
I have an online class that we have if you go to our website Automotivelife.com you can sign up for it
@@LuckyLopez777 thanks will do that
I’m not a car dealer but to think you will flip exotic cars with 300k bank roll is very dumb. Maybe this is not for him
Hey lucky
Heeeeyyyyyy 😁👍
What I fine funny is that he wanted to open an exotic dealership with only 300k lol 😂 from what that old heads told me on the block stay in ya lane ... and what u said about people that buy this cars will wait for a good deal I tell u this your way wrong and yes I do own a lambo and people that got lambo money don’t care how much they pay if they want it
Everybody’s looking for a deal whether you’re a multimillionaire or somebody is looking for a $3000 car it’s just people that are buying exotic cars a little bit more smarter so everybody that I’ve ever met always wants the best deal and they’re willing to take their time and wait
Oh yeah. Do you love me? 😍💋 💝💖❤️
Do you love cars 🚗 🤷🏻♂️