Since you can not travel to the auctions yourself, did you ever think of hiring someone you trust to go there for you and bid on more than one or two car's at a time? Or buy them at a pre-auction sale?
Does anyone else have any tip's or ideas that could be helpful here?
Thanks for your reply.
I would certainly consider hiring someone to run the day to day buying for me but i would need to trust that this person knows what they are doing.
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This information is greatly appreciated thank you.
In my opinion, Joseph; if you're unwilling to go to the auctions, - Stay home. (I mean stay home and don't start the business. ) I don't mean to sound rude, or abrupt...but in the used car business, the profit is made in the buy.
If you must "hire" skills; I would suggest you hire sales people, lot boys, and even finance managers... but YOU make the buys.
My name is Joseph, and i have owned a very successful Rebuildable/ Salvage car dealerhip for over 15 years. Recently i have drawn interested to stepping into the business of selling Clean title ready to go used cars, and i find it to be somewhat different than what i am used to.
My source in obtaining my inventory is through Insurance companies that sell me there salvage vehicle, and my question is as follows:
If i wanted to invest a large sum of money into now starting a used car dealership, how would i go about obtaining my inventory?
I currently own my own car lot and have all the necessary licenses to run the business, and my only conern would be obtaining good deals on cars so i can make quick turn arounds and a decent profit.
I am aware of used car auctions, but dont necessarily have the time to travel to these auction sites and purchase vehicles one by one. My objective would be to possibly buy cars in bulk so that i can get them at good deals.
Any information would be greatly appreciated. Thank you