How to create a car buying business

Redemption and further sale of cars is a rather interesting, demanded, but also specific business. If the assessment is not made correctly, all factors of car recovery are not taken into account, your purchase will become unprofitable. Thinking about opening a car dealership, you need to have complete information and have start-up capital.

Instruction manual

1

Examine the market situation: competitors, car prices, supply and demand. Choose your niche, for example, buy only faulty cars and do not accept cars that were in an accident. Create a working financial plan for your company. Fill out tax documents that give the right to the selected type of activity.

2

Find and prepare for work a place for repairing purchased cars, it can be a rented room, your garage. The main thing is that there should be all the tools, paint, additional parts. Buy everything you need in a small amount, adjust the equipment in the process.

3

Invite a qualified employee (partner) who can professionally diagnose, evaluate the product, calculate the cost of repairs. Agree on ongoing cooperation with a car service or hire your own personnel for repair work. Often an outwardly unsightly car put in order can be sold one and a half times more expensive.

4

Engage in advertising - post ads in local media, post ads near service stations, car dealerships (pre-arrange with their owners for consent). Register on the auto exchange, post information about the service on the sites.

5

Start your activity by buying out old, cheap brands such as Lada. Buy two or three of these machines, bring them to normal condition and sell them with one hundred percent profit. Gain experience on domestic models, then switch to foreign cars, income from resale will increase.

6

Before concluding a transaction, carefully inspect and diagnose the condition of the goods. Do not rely on the assurances of the seller, it is much more advisable to verify real defects than to lose your own funds. Assess in a well-lit area. Check the little things: bulbs, buttons, turn signals. Their repair is quite laborious and expensive. Pay attention to the shock absorbers, the appearance of the tires, open and close the doors several times.

note

Be patient, this type of business pays off on average in three to six months.