Etini
Valued Contributor
There is another version of car dealership business that does not involve the importation or assembling of cars. It involves buying cars that the owners don't deem fit to repair, fixing them up, and reselling the cars at a price higher than the total cost of repairs and purchase kg the car.
This model of car dealership works in African countries where most people don't have the means to afford a brand-new car. It helps to afford people the opportunity to own a car without having to break the bank. Also, the car dealer, the mechanic that fixes the car, and the spare parts dealer are happy. It is a highly profitable business that guarantees to bring returns within the shortest possible time. However, it is capital intensive as the cost of fixing the cars might not be cheap. It is easier for auto mechanics to run this business because they understand the rudiments of a car. It requires a deep knowledge of cars to be to run the business.
It is a profitable business if one can set it up and run it.
This model of car dealership works in African countries where most people don't have the means to afford a brand-new car. It helps to afford people the opportunity to own a car without having to break the bank. Also, the car dealer, the mechanic that fixes the car, and the spare parts dealer are happy. It is a highly profitable business that guarantees to bring returns within the shortest possible time. However, it is capital intensive as the cost of fixing the cars might not be cheap. It is easier for auto mechanics to run this business because they understand the rudiments of a car. It requires a deep knowledge of cars to be to run the business.
It is a profitable business if one can set it up and run it.
