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Where do used car dealers get their capital
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9m2w
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Feb 9 2022, 09:26 PM
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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.
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9m2w
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Feb 10 2022, 08:49 AM
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QUOTE(diffyhelman2 @ Feb 9 2022, 09:29 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? Dunno how small he started but he used to either open a hardware shop or was a supplier of building materials. So not sure if capital purely organic or from bank. Don't know if his lot has 50 plus cars but he did tell me some in his lot aren't his inventory. He turns around fast, that's his secret sauce I guess. Pickups to plantation folks, Protons for contractors and cars with bootspace like exoras to SMEs that need to make deliveries. That and the contacts he made from his supply business.
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