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Where can i get money to start a used car dealer?

Updated: 8/21/2019
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7y ago

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To begin a used car business there maybe several sources of funds to buy or lease a lot for the cares and the cash needed to buy used cars. Small business loans may be received from state or federal agencies. One can also use their own funds. Another way to stock up on used cars is to offer a seller of a used car to place that car on your car lot and offer the owner a good percentage of the sales if the car is sold. Perhaps a 50-50 deal might be a good start.

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7y ago
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7y ago

Get a job and save for it or find an investor(s)

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7y ago

To start a successful business, there is a need for a good capital. Sources of money includes savings, contribution and borrowing from banks and wealthy individuals.

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Related questions

How do you start used car dealer?

First, work for a used car dealer atleast 6 to 12 months. Then prepare a good used car dealer business plan. Go from there.


Can you return a used car purchased from a dealer?

A car bought from a dealer is usually financed by a bank they want there money not the car back


Can you get out of a used car dealer contract if no money was put down?

No. Putting money down has nothing to do with a contract.


Can you get your money back from a used car dealer after the deal is made?

If you have a complaint with a used vehical first talk to the dealer. I still unsatified go to citizens advice and speak to the rectum. The dealer is only responsible if he suplied the car.


Where could I look for a car to buy online?

Used car sale sites are all over the internet. It doesn't matter where you start. You can start with a dealer or start with the model of car you are looking for.


Where can you get free car for a family of 9 refugees?

Get a job, earn money, save money, buy a used car from a dealer. This process works, trust me.


Can you get your money back on a used car purchase if the car has been decommisioned since 20 minutes after you drove the car off the lot and is currently at that dealer being repaired?

No, you cannot get your money back unless the dealer agrees. If the dealer does not repair the car you may have a claim unless you bought the car "As Is". There is not buyer's remorse on the purchase of vehicles.


How do you start a used car lot?

with lots of money??????????????


How much money does a used car dealer make?

It depends on his markup, sales volume and business expenses.


How much will a car dealer drop the price on a used car?

All depends on how much money he has tied up in the car. It also depends on how popular that model is.


What are some tips for buying a used car from a dealer?

Some tips for buying a used car from a dealer would be to find the right car for your needs, to save money by buying second-tier vehicles, and figure out how much you are willing to spend and keep at that budget limit.


How does a used car dealer make money in Memphis tn?

He sells his inventory of cars for more than he paid for them.