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2 December 2022, 03:32 PM | #31 |
2024 ROLEX DATEJUST41 Pledge Member
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Real Name: Danny
Location: Bay Area CA
Watch: Yellow Gold
Posts: 20,166
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I have a wholesale/and Export car business. Former new car store owner. Been doing it since 1999
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2 December 2022, 10:33 PM | #32 |
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Real Name: Michael
Location: RTP, NC, USA
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I am not a dealer or wholesaler, but I am a frequent buyer and seller of cars. It's like a hobby, if a hobby can cost you thousands of dollars a month. LOL
I've sold two cars to Carvana... both times I got substantially more than average wholesale for them, but I would never buy a car from them. I think I posted about my last experience here, somewhere. I'm currently in the market for a used BMW M3, and it's horrible out there. Prices are still elevated, private sellers are sure that their car is worth 120% of retail and dealers aren't willing to budge. I have sometimes thought about getting into the business myself, but I have heard (and can see here in page 1) that the hours are tough and of course, I hate people. LOL. Present company excluded, natch.
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3 December 2022, 05:25 AM | #33 |
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Join Date: Dec 2014
Location: Bergen County
Watch: Hulk
Posts: 37
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3 December 2022, 05:25 AM | #34 | |
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Join Date: Dec 2014
Location: Bergen County
Watch: Hulk
Posts: 37
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Quote:
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3 December 2022, 05:52 PM | #35 | |
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Join Date: Feb 2022
Real Name: Casey
Location: El Norte
Watch: Speedy
Posts: 100
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Quote:
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. |
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3 December 2022, 11:24 PM | #36 |
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Real Name: Michael
Location: RTP, NC, USA
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No, F80. I had a G82, great car, it's just too money to risk: I drive my cars on the track, no insurance. And from what I've read, it's still difficult to get an allocation for a new one.
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Enjoy life - it has an expiration date. Disclaimer: Please note that the avatar is not an accurate representation of how I look. The camera adds 10 pounds... |
4 December 2022, 01:42 AM | #37 | |
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Join Date: Dec 2014
Location: Bergen County
Watch: Hulk
Posts: 37
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Quote:
I like the F80 better also, I'm not a big fan of the ZF transmissions in the new ones. The F80 will age really well just like the E90s did... |
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4 December 2022, 02:42 AM | #38 | |
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Join Date: Dec 2014
Location: Bergen County
Watch: Hulk
Posts: 37
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Quote:
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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4 December 2022, 07:33 AM | #39 |
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Join Date: Feb 2022
Real Name: Casey
Location: El Norte
Watch: Speedy
Posts: 100
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What vehicles do you tend to stock?
Mostly American, easier to work on, parts availability… We get some Asian too…avoid European like the plague Everything is online @ https://finnsdiscountauto.com/ |
15 December 2022, 04:21 PM | #40 |
2024 ROLEX DATEJUST41 X2 Pledge Member
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Real Name: Steve
Location: Nevada
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Posts: 3,494
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F&I Manager for a new vehicle dealer here. Going on 8 years in the business (if these Fed rate hikes don’t kill me first lol).
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15 December 2022, 08:48 PM | #41 |
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Join Date: Nov 2012
Real Name: Steven
Location: Glocal
Posts: 19,446
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Been a few weeks since last update, how's the accelerating repo market doing?
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__________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory. |
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