Deezil
Senior Member
Sorry for the 1000 questions but maybe someone in the industry can help out ...
There are literally thousands of 2nd hand car dealerships on almost every street corner these days, where does these guys purchase their vehicles from? Obviously some of these comes from trade-ins and clearly there is some sort of hierarchy in the industry if you simply look at the quality of cars on offer at each dealer. I've heard of things like bank repo auctions, stolen vehicle auctions and wholesale warehouses but what do you need to be able to buy there? A dealership license or something? How do you obtain such thing? Also heard Burchmore's offer good discounts for cash buyers but surely they must get their cars from somewhere as well.
I'm simply asking to help my old man out. Forced into early retirement and cars is basically the only thing he knows. Pension won't last and he is just trying to increase his income by trying the wheeling and dealing route. Obviously it's no use buying from the 2nd hand dealer itself after they've already loaded their markup on the vehicle. Aim is basically to buy and sell 1 vehicle every 2 months (or maybe even 1 vehicle per month if he is lucky) and make a small profit on each transaction so it's not as if he is going to put any dealership out of business soon.
Yes I know every second Tom, Dick and Harry is either trying to get into or is already in the game but you need to start somewhere and where better than to ask on the MyBB forums? Surely it can't be a state secret judging by the number of car lots popping up all over the place?
Anyway, any info as to where to start would be greatly appreciated. Thanks!
There are literally thousands of 2nd hand car dealerships on almost every street corner these days, where does these guys purchase their vehicles from? Obviously some of these comes from trade-ins and clearly there is some sort of hierarchy in the industry if you simply look at the quality of cars on offer at each dealer. I've heard of things like bank repo auctions, stolen vehicle auctions and wholesale warehouses but what do you need to be able to buy there? A dealership license or something? How do you obtain such thing? Also heard Burchmore's offer good discounts for cash buyers but surely they must get their cars from somewhere as well.
I'm simply asking to help my old man out. Forced into early retirement and cars is basically the only thing he knows. Pension won't last and he is just trying to increase his income by trying the wheeling and dealing route. Obviously it's no use buying from the 2nd hand dealer itself after they've already loaded their markup on the vehicle. Aim is basically to buy and sell 1 vehicle every 2 months (or maybe even 1 vehicle per month if he is lucky) and make a small profit on each transaction so it's not as if he is going to put any dealership out of business soon.
Yes I know every second Tom, Dick and Harry is either trying to get into or is already in the game but you need to start somewhere and where better than to ask on the MyBB forums? Surely it can't be a state secret judging by the number of car lots popping up all over the place?
Anyway, any info as to where to start would be greatly appreciated. Thanks!
