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    2 Replies Latest reply on Mar 19, 2009 10:51 AM by Big_Al

    Small used car dealer with a repair facility.

    Big_Al Newbie
      I live in Michigan and would like to get started on a used car business that has a small auto repair facility. My partner and I are ASE certified mechanics and also Senior Ford Masters. We will have no problems with repairing and inspecting vehicles that we purchase. I am just having a hard time understanding the process of getting vehicles and turning them into profit. What is considered a good profit per vehicle? Also what are the things that I need to look for when starting this business such as Insurance, dealers license, Setting up a corporation, building leases, software,etc..
      How much cash flow or finacing is needed to start such a business? I would like to sell vehicles between $3000 and $10000.

      Thanks for any info.
      Al