Making money-car dealer

Yan1

Active member
Car dear is someone who sells different type of cars in and out of the country, they import and export different brand of cars and sells them in higher prices. car dealership, or car dealer, can also be be described as a business that sells new or used cars, based on a dealership contract with an automaker or it's sales subsidiary. Car dealerships also often sell spare part. Consider this following factors to run your business effectively:

Your primary source of income as a car dealer is selling cars. You can make money by buying cars at a lower price and then selling them at a higher price. To maximize your profits, you need to negotiate the best prices with car manufacturers and build a strong network of customers.

Financing: Many car dealers also offer financing options to customers who cannot afford to pay the full amount upfront. You can make money by charging interest on the loans and earning commissions from the financial institutions you partner with.

Extended warranties and service contracts: Another way to make money as a car dealer is by selling extended warranties and service contracts. These contracts cover the cost of repairs and maintenance for a specific period of time, and you can earn commissions on them.

When customers trade in their old cars, you can make money by reselling those cars or using them as trade-ins for other vehicles. This allows you to make money from both the sale of the new car and the old car.

Car dealers can also make money by selling accessories and add-ons, such as audio systems, GPS systems, and other aftermarket products. You can markup the price of these items and earn a profit on their sale.

To be successful as a car dealer, you need to provide excellent customer service, build a strong network of suppliers and partners, and maintain a good reputation in the comunity.
 

Chibson1

Valued Contributor
This type of business is very lucrative but you must have a lot of money before you venture into it. Car dealership involves you to buy cars from other countries and resell them in your own country.

One of the major things you must put in place if you want to venture into this kind of business is your finances. You must be someone who has a lot of money and have the right connections in order to import the cars.

I have also seen someone who deals on fairly used cars. I think this one also involves you importing fairly used cars from foreign countries like the United States and resell them.
 
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