Each car they pay tens of thousands in cash straight. Millions in Cashflow. I know most going to say kongsi gelap cuci money but I wonder if got real investors pool their money to start a business in this. Anyone from this industry know?

start from small la

ya start from small

menabung dari kecik bro

mafia behind the scene

I’ve wondered this as well. So much cash upfront

you not scare your car get burn?

Kongsi gelap are real investors too

Yayaya. But come on, it can’t be every single one of them is kongsi gelap operation? I’m referring to those small independent ones you see in kajang etc not mytukar etc.

people dealing in cars are loaded. cars are usually 2nd most expensive purchase people made in life (after property). not only cars, bike shops too. one in SA has a youtube channel weekly update selling tens of used big bikes from 10-20 up to 100k.

Friends bro in law is one. It's one of his ventures and he started small and grew big. He knows what are hot sellers and target demo. Old pickups he push to plantation folks, workhorse Protons to contractors and Indons etc. He also does basic ABC classification of Inventory. Fast moving shit he stocks more that the recon MPVs.

Interesting fella to talk too. And nope he's not affiliated with triads.

daddy kasi,..

banks offer floor stocking facility

go google to learn more

This post has been edited by TechnoG: Feb 9 2022, 09:27 PM

You mean he started his operation from two three cars to those shoplot with 50 cars? That’sa few million in inventory. Banks willing to lend capital?

Thanks. Finally the first nugget of info learnt.

Floor Stocking is a revolving credit facility extended to Panel car dealers for the purpose of financing the purchase of the dealers' motor vehicle stock

bank got loan them money for cashflow, thats why they can buy cars in cash, and used car is a high profit margin business

each car they can earn rm10k at least, the least also rm5k per car for those hot models

recon cars even more untung

gg habislah trade secret kena ajar

now u all know how they make 20k monthly

meanwhile autolaundry used for actual money laundering hopefully in next episode

Bro, telling people abt revolving credit facility for car dealers is not a huge secret reveal. They won’t lend to any tom dick Gary.

This post has been edited by diffyhelman2: Feb 9 2022, 09:48 PM

Kongsi merah cuci money!

This post has been edited by Aligee: Feb 9 2022, 10:01 PM