Comments for Dealer License Training: Auto Broker Training:

Comment on Module 4 Q&A by George Dean

George Dean — Fri, 16 Jul 2010 21:08:44 +0000

Russ!

Buy a 30 day warranty through Auto Services Company!

Comment on Module 4 Q&A by Russ Goddard

Russ Goddard — Fri, 18 Jun 2010 16:19:57 +0000

Hey George,

I have been listening to your mp3’s while commuting and I had a question come up in relation to warranties. I know there are third-party warrantees you can sell, but you also give an example of offering a 30-day warranty with each car you sell, and I assume that would be a risk you assume as a business owner. I would further assume that over time you would get “bit” by this occasionally but if you properly inspect the cars you eventually sell it should be a rare occasion.

Am I looking at this the right way? Would you ever offer more than 30 days or is that sufficient to make buyers feel confident in their purchase?

Comment on Download Page & Application for Membership by George Dean

George Dean — Mon, 07 Jun 2010 16:09:17 +0000

@ Michael

Michael, I do not get into importing or exporting because I don’t know a thing about it to be honest.

George

Comment on Download Page & Application for Membership by Michael Darden

Michael Darden — Sun, 06 Jun 2010 23:37:45 +0000

Will you get into Importing or Exporting autos…

Comment on Buying & Selling from Home by George Dean

George Dean — Thu, 27 May 2010 21:20:02 +0000

Mike,

Getting a license does NOT cut into profit. It explodes your profit b/c of your ACCESS to cars!

George

Comment on Buying & Selling from Home by MIKE FRIEDMANN

MIKE FRIEDMANN — Thu, 27 May 2010 16:40:46 +0000

I have sold many cars in the past, but I still don’t have access to an auction, where I can buy some decent cars for a good price.
I don’t want to invest money in a car lot either. That cuts into the profit.

Comment on Module 4 Q&A by George Dean

George Dean — Mon, 22 Feb 2010 17:38:23 +0000

@ Russ Goddard

To run an AUTO BROKER by appointment can make sense. Maintaining a full time job also makes sense.

I personally and professionally do not find it an issue.

Make sure you confirm ALL appointments.

George

Comment on Module 4 Q&A by Russ Goddard

Russ Goddard — Fri, 19 Feb 2010 16:09:22 +0000

Are there any problems running a small dealership “by appointment only”? For example, if a person were to get a dealer’s license, find a small warehouse space and begin buying and selling a few cars a month while still working a regular job (thus not being able to be “open” during regular business hours) does that raise a flag or create any problems? I thought I heard or read somewhere that this can be a problem, sorry I don’t remember where.

Comment on Get Your Dealer License by Russ Goddard

Russ Goddard — Sun, 31 Jan 2010 04:26:17 +0000

I am thinking similar to Mark Riley and I really like the idea of working from a warehouse instead of a “car lot”. I can envision marketing the cars individually on AutoTrader, Craigslist, whatever and then meeting buyers by appointment after they’ve inquired by phone, instead of doing the usual “salesman jumping out of the bushes” at people browsing on a car lot. That is not what I want to be doing.

Comment on Get Your Dealer License by George Dean

George Dean — Sat, 16 Jan 2010 13:42:22 +0000

@ Mark Riley

MOST states say you can buy & sell a few cars a year before getting licensed BUT they will also say that if you are doing it for the PURPOSE of making a profit, you need to be licensed from car #1.

I NEVER EVER want a “Car Lot.” I recommend renting a WAREHOUSE in area zoned for used car sales! Its an indoor showroom. Plus, it gives you a place to park your boat.

George