Thread: Car Business
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Old 4 December 2022, 02:42 AM   #29
acrds1
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Join Date: Dec 2014
Location: Bergen County
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Posts: 37
Quote:
Originally Posted by Zartan View Post
Compliance is probably the hardest part of the business; we do tons of paperwork. Next is money, you got to have another source of income while building your book. It took a long time to work out the problems and figure out the best model for our business environment. It’s the best business I know of for a couple of liberal arts majors:)

To your questions: First thing we do when the vehicle gets in from auction is install a gps. 65$ with three years airtime.
If you don’t pay it’s getting taken away. It’s that simple. Repos are also a great source of inventory.
19 of 20 deals are in-house financed.

I commend you and your business I could imagine getting up and running was a nightmare.

What vehicles do you tend to stock? I assuming camrys/accords correct me if I'm wrong.
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