Yeah it a business where the dealer will front all the risk first and banks facilitate.
Where do used car dealers get their capital
Where do used car dealers get their capital
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Feb 9 2022, 11:20 PM
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#1
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Yeah it a business where the dealer will front all the risk first and banks facilitate.
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Feb 9 2022, 11:20 PM
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#2
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It's not as easy as it sounds.
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Feb 9 2022, 11:22 PM
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#3
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Feb 9 2022, 11:22 PM
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You can try yourself with cash to buy off people and flip highly sought after cars like vios civic... Myvi corolla etc
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Feb 9 2022, 11:23 PM
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#5
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Or highly sought after enthusiast cars.
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Feb 9 2022, 11:25 PM
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#6
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QUOTE(diffyhelman2 @ Feb 9 2022, 11:23 PM) Those that say high profit margin, risk is also high and some of those margins need to pay for security and insurance of all those cars while in their care and still unsold. Yes and also buying a car of someone who still under lon. You gotta settle the full amount with the bank even before it can be transferred to your company/name... These are risks. |
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Feb 9 2022, 11:31 PM
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#7
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QUOTE(diffyhelman2 @ Feb 9 2022, 11:27 PM) I imagine a mechanic who really knows abt the car can start like this. Get a car that seemingly has expensive problem that owner wants to get rid of cheaply, fix the part cheaply n sell for high profit, like flipping a foreclosure. Mechanic has less risk and less working cap to entry...You will eventually hire your own handy man to fix these cars to last for few months... Kek |
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Feb 9 2022, 11:36 PM
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#8
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Feb 9 2022, 11:56 PM
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#9
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QUOTE(Bug Juice @ Feb 9 2022, 11:51 PM) One of my friend used to do this a bit, he sell aofatts and vellfires with a partner, one pc at a time and one sale can untung like 40k. It was long time ago and not doing it anymore Kena AP scammed then shy?Heard about these when these dealers chat There will always be these few conman pentipu scammers... Hefty losses... This post has been edited by Fenix98: Feb 10 2022, 12:01 AM Bug Juice liked this post
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Feb 10 2022, 12:03 AM
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#10
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QUOTE(diffyhelman2 @ Feb 10 2022, 12:00 AM) used car why still need to deal in AP? or you mean grey importer? saw some shoplots, whole row is white black alphard/vellfire. Eventually some grow to take on the grey imports..Thats a diprent ball game... The buyer pays for the import taxes duty etc once the car is sold..... This area they left it grey... Must be trade secrets. |
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