Sup /o/ Got a small inheritance and I've always wanted

>>17692878
Buy a house

>>17692920

Got one. And I'm shopping for a Miata kart shell to stuff a 1UZFE into. I'm here to talk about making the used car experience fucking awesome and worth bringing out the whole family for, not my regular /o/shit

>>17692930
I don't go to a used car lot to have fun and nobody else will

>>17692878
car lots are like mattress stores, the grand majority of people who walk into one will walk out with a new purchase

>>17692878
i run a used car lot. it fucking blows. good money if you play your cards right. 90% of dealers are financed and making little to nothing shuffling shit around. dumping 60+k into it a month just fo fix cars, no financing from us, doing bhph. its not fun unless you have a good team. its really just stressful...
>i regularly fantasize about driving truck all day and not dealing with the lot anymore. i just wanna be a neet, man...

File: jordans.jpg (418KB, 800x602px) Image search: [Google]

418KB, 800x602px

>>17692878

Who knows man, it works for Jordan's Furniture in Massachusetts. It's a fucking furniture store but they have an IMAX theater, trapeze act, a main hallway that looks like it's Mardi Gras, and Kelly's Roast Beef.

>>17692878
>Got a small inheritance and I've always wanted to run a used car lot

Don't do it OP. I know this probs a troll, but still...

1.)Unless you have the capital & credit to invest in a multi-million dollar operation, you are going to get stuck running a slightly upscale buy-here, pay here lot

2.)The logistics of running a dealership are insane. If you have no previous car sales experience, you would need a strong business background just to have a grip on your P&L and how to optimize profit

3.)Cars don't support the kind of margin that would be necessary to make a car dealership into a "Vegas" style experience. You'd never make any money

4.)You'd be dealing with dirty, broke ass motherfuckers all the time. Repo'ing cars is fucking awful

>>17693098
>buy-here, pay here lot

I'm very familiar with how profitable those are if you target the right demographic. I've known buy here pay here guys who sold the same car a dozen times over. If I did this, I'd probably also open a lot near the hood under the same license, and use that for the guaranteed cashflow.

>Cars don't support the kind of margin that would be necessary to make a car dealership into a "Vegas" style experience. You'd never make any money

Probably true but I don't mean the upscale sense of a Vegas experience. I mean the EXPERIENCE experience. Think something you'd see in Pigeon Forge or Gatlinburg if you're a TNfag

>>17693112
>I'm very familiar with how profitable those are if you target the right demographic

That's the thing though, they aren't.

>Think something you'd see in Pigeon Forge or Gatlinburg if you're a TNfag
That's the thing though, that sort of hook doesn't really work with cars. Or at least as someone who worked in car sales, I have a very VERY hard time picturing it work

i can't think of anything shittier to spend an inheritance on

whoever left you that money is rolling in their grave

>>17693163
>>I'm very familiar with how profitable those are if you target the right demographic
>That's the thing though, they aren't.

Buy Here Pay Here is a license to print money if you aren't a fuckup.

The sad truth is that if you want to make money in the car dealership business, open a buy here-pay here lot with cheap domestic/japanese easy to fix cars (in case you buy a car at auction that needs some work). It is like a license to print money. Buy a car for 3k, mark it up to a sale price of what you think, say 5k. Buyer comes in and says they have a 3k down payment. You sell the car based off their down payment vs how much you have in it....so if the buyer has a 3k down payment, you sell them a car you have 3k in. You sell them the said 3k car for a sale price of 5k, leaving a balance of 2k financed by you (you are financing free money) at whatever rate you can get away with (I think some states limit this to 18-20 percent). Now you install a GPS tracker/kill switch in the car and have a very clear purchase agreement. If they miss a payment, the ignition is killed for say one week. If they don't pay after that week, you locate the vehicle, repossess it and resell it to the next guy. All clearly stated in your purchase agreement. You've made the 3k down payment in your pocket to cover the initial cost of the car, plus any payments, and move on to the next guy where their down payment and payments becomes pure profit. Obviously due to the nature of people buying at buy here/pay here lots, these places have a high rate of default. The rules and regulations of what you can get away with are going to vary by state of course.

>>17692878
Are you a scum bag? Do you like to prey on the ignorant, incompetent, elderly and stupid?

>>17692878
http://stansellseverything.ytmnd.com/