Just post the hours and don’t worry about it. I have yet to hear of anyone getting in trouble.

George

I would like to get my Texas license and start by selling on ebay and brokering. My question is about the office hours. I travel one week out of the month and in general do not like being tied down to an office. I was planning on leasing a flex space to meet the state requirement but at this point would not want to hire some one to man the office. Do you have any suggestions?

Thanks,

Scott

Brochure – see the auto broker manual. There an example there.

Three deals = SWEET. Congrats!

OVE = great idea! Might steal that one.

Post Sale Inspection Routine: I ALWAYS take the car to the DEALER and PAY them to do a pre-purchase inspection to reveal any further issues. The clients pays for this of course. They are very appreciative. With the dealer doing an inspection, its not ME saying the car is great, its the dealer. Very powerful.

Recon is ALL paid for by the client.

Titan = no…. I use Auto Services Company.

CONGRATS RICHARD!

George

I wanted to let you know that I liked your concept of Auto Brokering and I wanted to get some feedback from you as to the specific structure I should use. Do you have a brochure or contract that I could tweak for my market?

I have done 3 deals in the last few weeks as a Auto Broker as you described in your course. I charged a flat $850.00 fee over the auction cost with a 14 day Post Sale Inspection and transportation fees applying to my client.

I will often use the retail ready Galves price or MMR to give the customer a budget and will often send some retail view OVE units as a starting point and either use this or the lanes to buy the presold unit to my customer. I take a deposit and once I have purchased the vehicle on my clients behalf I get payment in full. I find that OVE is a good tool but the prices are somewhat inflated due to most of the dealers listing them on Auto Trader and cars.com and are looking for retail type prices as there priority. I am in the process of registering with Smart Auction. Do you have any feedback about their system?

If I find an appropriate deal I will do a full walk around with the listing dealer and attempt to negotiate a better deal. I will then have them do a Post Sale Inspection. What more do I need to do to fufill my obligations to my clientele? I want to discover anything that may have been missed by the P.S.I inspection that is an arbitratable issue over $500.00 repair.

The issue is that usually even though I didnt make a retail mark up of $1,500 – $2,000 I still seam to get the call bakes about small issues brakes a broken remote a power supply cigarette lighter that is loose etc.

At the $850.00 i cant really get to involved in the little recon issues. How do you suggest I handle these issues.

Recent deals:

2005 Volvo V50 75,000 miles K.B.B Retail $14,160.00 Private Party $11,310.00 Selling Price including P.S.I, detailing, and delivery $8,700.00

2002 Honda Odyssey 100,000 miles K.B.B Retail $10,185.00 Private Party $8,410.00 Selling Price including P.S.I, detailing, and delivery $6,590.00

2006 Volkswagon Passat 4 motion 72,000 miles K.B.B retail $19,470.00 Private Party $16,220.00 Selling Price including P.S.I, detailing, and delivery $12,163.00.

I need to develop a system for this. I thought of taking the newly purchased vehicle to the dealer to inspect it after getting them from the auction for around $100.00 adding this to the cost to my client and give them the option of doing any repairs that are not covered under the Post Sale Inspection guarantee for a fraction of the dealer price using parts from my wholesale sources and using my mechanic that charges me $65.00 per hour.

Did you ever here of Titan for Engine and Transmission warranties? Maybe in conjunction with my brokers service I should sell a warranty and offer financing. What do you think and please give me some suggestion of ways to do this in the best possible way with the best possible warranty and finance partner.

Best Regards,

Richard Berger
At Your Service Auto Brokers Inc
845-662-3344
rberger@signatturedc.com

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

George

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