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Auto Businesses

I have had a passion for cars my entire life.  Last year I decided to start an Auto dealership and am making my dream come true.  If you have an auto business, want one or just want to talk about one and just love messing with cars welcome

Website: http://knsauto.com
Members: 34
Latest Activity: Apr 9

Resourses

Great place to find used parts - www.car-parts.com  - Search a database of junk yeards in the fifty states

Floor Plan Financing Company - www.AFC.com

Discussion Forum

How to get started in states where you must have a physical location?

Started by Darren Everett. Last reply by Derrick Lopez Feb 19. 4 Replies

Here in OR the state requires you to submit a properly zoned location on your application to receive a Dealer License. It further states that this will be where you keep the cars and all relevant…Continue

Just getting started

Started by Mike Keller. Last reply by Bob Johnson Aug 6, 2013. 3 Replies

Hay GuysMy name Is Mike and I am new to selling cars as a business, I have bought and sold many cars over the years but for personal use not for profit. I have a small lot just outside of town on a…Continue

International Car Shipping

Started by Josh Schukman. Last reply by Derrick Lopez Aug 4, 2013. 2 Replies

Has anyone had experience shipping/selling cars abroad?  I lived in Peru for a year, and have a number of great contacts down there who have been asking me to help them get specific types of cars…Continue

Auto Auctions

Started by Derrick Lopez. Last reply by Derrick Lopez Jul 13, 2013. 5 Replies

The auto auctions in my area are pretty insane. Lately the prices have shown to sell at what I would sell for to the public. I find it very hard to see how the smaller businesses are going to survive…Continue

Kns auto blog

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Group Leader
Comment by Derrick Lopez on April 9, 2014 at 9:23pm

Just finished a sale of a 2001 Chevy Astro van which is going to be used for a company who takes a Photo Booth on road trips across the US to do events. 

The owner was an absolute pleasure to work with and I hope they really enjoy their new van.

Check out the guys at www.lastingfoto.com for more details on their company, and thanks to them for ordering with us. 

Comment by Bob Johnson on February 17, 2014 at 9:28am

I thought I'd give a quick update.  I went to a public auto auction yesterday more as a casual observer than a buyer just so I could get an idea of how it works, value assigned to certain models, etc.

I definitely saw where money can be made by flipping cars, but my question is this: Are values paid for cars at a public auction on par with those paid at a dealer auction?  

My gut is that public auction prices probably transact at a higher price as the cars being auctioned had been detailed and I'm sure some margin had been built in as the opening bids were a minimum of $500.

Have any of you been to a dealer auction?  If so what is required to get in and how do they differ?

Comment by Jim Tetterton on February 12, 2014 at 5:09pm

Derek, I'm curious... what are your current thoughts on your business?  Do you have any new ideas to try to take it full-time?

Comment by Jim Tetterton on February 12, 2014 at 4:49pm

Bob,

For me the first step would be trying to sell up to the allowable limit in my state without a license, then seeing what I had to do.  I read the laws for Virginia, and on paper you have to have a lot that will hold 10 cars, post business hours, etc.  Definitely rules written to keep those in it ahead and those not out of it.

Wholesaling may be a bit different, but I'm not exactly sure. 

One idea is to sign on to sell for a place part-time such as Carmax in order to learn the rules and then plan your self-employment there.

Comment by Bob Johnson on January 30, 2014 at 9:39am

Hi Jim,

I can relate to what you're saying.  I've been a gear head since the 1982 Camaro came out and reeled me in at the young age of 14.

I'm trying to figure out a way to blend that passion into a business that serves customers in a totally new and unique way.  I'm currently in the market for a new (used) car and it's still the same frustrating experience it's always been.

The back and forth, cat and mouse game and glacier like responses convince me that I can do a MUCH better job than what's currently being done.  My question is where do you start?  

What are the steps to becoming a wholesaler, etc?

It seems to be a very fragmented market.

Bob

Comment by Jim Tetterton on January 29, 2014 at 5:03pm

Hey Derrick,

I've been a car/motorcycle guy since childhood.  Dreamed of roadracing motorcycles... wanted to be the next Eddie Lawson.  Dad had a 65 Mustang (still has it), uncle was into Triumphs (still is).  As a youngster, I just wanted to drive... I loved being in motion.  Started riding motorcycles when I was 8.  I still ride, but lately I tend to spend my free time at the car shop, which is fine by me.  I never raced, but did some trackdays and probably avoided some hospital visits by not racing. 

As I get older, speed isn't as big a draw.  I'm a sightseer now, but I still like to be moving.  Sound and style/shape/nostalgia are my biggest attractions to cars now.  Also, I'm developing an appetite for spinning wrenches, so I have to come up to speed on things that I've never learned how to do.  Right now I'm taking Auto Electronics in a night class.  Very enjoyable.

Part-time I'm pitching in at a shop that works mainly on old British stuff (Triumph, MG, Austin-Healey, Jag).  We've been doing quite a few fuel injection retrofits along with mostly drivability type work.  There is a lot of general repair as these cars are old and things are worn out. 

My favorite part of it is that the customers are happy.  They want their cars to run again and we can do it.  They're happy and we're happy.  Want to find a way to be in business for myself and make customers happy on a regular basis.


Group Leader
Comment by Derrick Lopez on January 28, 2014 at 8:43pm

Hey Jim,

What moves you about the car realm?  do you like repair, chaining them, driving them, or supping them up?

What are you currently working on in your part-time and what classes are you taking?

Comment by Jim Tetterton on January 22, 2014 at 6:05pm

Hi Derrick... Thanks for recounting your experience in the dealer realm for us here.  I would imagine that many folks are quite interested even though the conversation isn't as prevalent as it seems to be among the speaker/writer types.  Based on the car groups here, I'm starting to wonder whether car types are naturally quiet. 

Anyway, I'm working part-time in addition to taking night classes in the car realm.  I haven't gravitated towards a specific niche, but I'd love to identify one at some point.  Having said that, I think the only way to do it is to keep trying different things, but I think most of them will be in the car realm.  I just tend to gravitate there.  I keep looking for something that people will be happy to pay me to do for them that I can do well.  Once I figure that out, I plan on repeating it!


Group Leader
Comment by Derrick Lopez on January 18, 2014 at 10:43pm

Happy New year all.  Anyone have any movement in their car business or hobby.  I would love to know what you got going on.


Group Leader
Comment by Derrick Lopez on December 29, 2013 at 6:21pm

I am interested in offering my customers financing via in direct lending.  Does anyone know how I can get that going?

 
 
 

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