quote:

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Originally posted by mustanghp950:
"So I am thinking on going into business with a friend and relative,"

already broke the first rule of business

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quote:

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Originally posted by essasin:

quote:

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Originally posted by mustanghp950:
"So I am thinking on going into business with a friend and relative,"

already broke the first rule of business

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It's not recommended but it could work as long as the three sit down and write out a contract that covers all ends and situations and designates each person role.

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quote:

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Originally posted by N8:
thx, I am also looking at the marketability of this venture as well. But we would targeting a specific market (without going into too much detail).

I know we have a few people here who are actually doing this stuff. I hope they chime in. But anyone's input is welcome.

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quote:

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Originally posted by East Bay 50:

quote:

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Originally posted by N8:
thx, I am also looking at the marketability of this venture as well. But we would targeting a specific market (without going into too much detail).

I know we have a few people here who are actually doing this stuff. I hope they chime in. But anyone's input is welcome.

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Good luck! I know you have to have some sort of commercial lot to store the vehicles before you get your licence meaning you can't use your home address

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quote:

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Originally posted by N8:

quote:

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Originally posted by East Bay 50:

quote:

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Originally posted by N8:
thx, I am also looking at the marketability of this venture as well. But we would targeting a specific market (without going into too much detail).

I know we have a few people here who are actually doing this stuff. I hope they chime in. But anyone's input is welcome.

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Good luck! I know you have to have some sort of commercial lot to store the vehicles before you get your licence meaning you can't use your home address

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Yes and no. Seems you can do it from home, but no more than 5 cars a month or something along those lines. I am always looking for a way to cut a corner. There are some pretty weird pre-requisites too for this.

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quote:

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Originally posted by East Bay 50:

quote:

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Originally posted by N8:

quote:

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Originally posted by East Bay 50:

quote:

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Originally posted by N8:
thx, I am also looking at the marketability of this venture as well. But we would targeting a specific market (without going into too much detail).

I know we have a few people here who are actually doing this stuff. I hope they chime in. But anyone's input is welcome.

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Good luck! I know you have to have some sort of commercial lot to store the vehicles before you get your licence meaning you can't use your home address

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Yes and no. Seems you can do it from home, but no more than 5 cars a month or something along those lines. I am always looking for a way to cut a corner. There are some pretty weird pre-requisites too for this.

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really? I thought to get a dealers license you had to have a car lot. I also thought the most cars you could sell was 1 or two a month if you don"t have a license. either way, a dealers license gives you access to dealer auctions and wholesale costnot to mention a wide assortment of vehicles vs craigslist or autotrader.

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Posted by 03gtPONY (Member # 5337) on :
 
Yes everyone who is going to be a part of your business venture, or who's names show up as owners will be liable. Also, look at what your budget entails. If a loan will not suffice what you are getting yourself into, stay away. Right now the economy is hurting and does not seem like a good thing to do. There are several used car dealerships that have made a name for themselves and seem to be hanging on. But remember if you are going to be a new car dealership, ie. selling new cars, its a much bigger risk. You can try to work at a used car dealership to see if they can teach for a little bit. sorry for rambling
 

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Posted by 96mysticman (Member # 8327) on :
 
wouldnt fuck with it
 

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Posted by FoX GT (Member # 4587) on :
 

quote:

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Originally posted by N8:

quote:

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Originally posted by East Bay 50:

quote:

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Originally posted by N8:
thx, I am also looking at the marketability of this venture as well. But we would targeting a specific market (without going into too much detail).

I know we have a few people here who are actually doing this stuff. I hope they chime in. But anyone's input is welcome.

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Good luck! I know you have to have some sort of commercial lot to store the vehicles before you get your licence meaning you can't use your home address

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Yes and no. Seems you can do it from home, but no more than 5 cars a month or something along those lines. I am always looking for a way to cut a corner. There are some pretty weird pre-requisites too for this.

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I'm sorry but that's not correct. Here is the ACTUAL link on the DMV website for the requirements for a dealer. There is nothing that says, "5 cars a month, etc".

http://www.dmv.ca.gov/vehindustry/ol/dealer.htm

Do I have to be the asshole that says the way you dealt with Casey90GT you might want look at another business than selling cars?
http://www.californiafords.com/ubb/ultimatebb.php?ubb=get_topic;f=5;t=057725;p=1
 

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Posted by N8 (Member # 6048) on :
 
No asshole-ism taken. And unless you judge a person by a mild transgression that even both parties have agreed got blown out of proportion by 2 hot heads and have since let it go and mind you had nothing to do with you. Then yes you are a asshole. But you wouldn't be that way now would you

Thanks for the advice folks and I guess I didn't give much info but the site is not going to be in California. So some of the things pointed out in the above links are not valid. But...it did yield some info that I need to be sure about. So thanks for the links.

Well change that, initially it would be out of state. So you links are valid. Like I said I am still in the discovery stage. So any input would be cool.

[ September 10, 2008, 08:56 PM: Message edited by: N8 ]
 

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Posted by BlownMach1 (Member # 5400) on :
 
wow i had a guy not sell me a car for full asking price once when i drove all the way to santa rosa from sac from this board...it cost me like 60 bucks and a whole day wasted just cause his mom told him that he needed to keep it and she would pay for storage..he then sold it 2 days later anyway..i was heated!!! I completly understand how casey feels and Nate i hope u just take it as a lesson learned and if u say u will take a offer..stick to it and for now call it water under the bridge!!!
 

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Posted by N8 (Member # 6048) on :
 
True cafords fashion. Well here we go.

No lesson to be learned except for you guys that have issues and think the board is going to help you out. We had a issue, that I felt was in my right to do something ya'll would or wouldn't have done. We hashed it like men away from the public eye. And let it go. If he can why cant ya'll. Fox I sent you a PM. I feel you have something to get off your chest so I'll address that there. Blown, I am going to assume you are the dude I bought the 5 lug and paid to have it installed (named Casey as well). I went with you despite public outcry that you were a crook and not to be trusted. That's is the difference between me and most. I let my experience with you be the deciding factor. And it worked out you were alright with me. If you are not the same guy I apologize.
 

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Posted by slidewayz94 (Member # 3101) on :
 
From what I remember of my buddies dealership, he was licensed and bonded. Had his sales license with DMV. He rented a warehouse to store his vehicles.

He only bought used Lexus' no more than 3 years old from auctions. Only advertised in the paper/word of mouth and kept cost way down. Him and his dad just invested money from that into other businesses.
 

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Posted by BlownMach1 (Member # 5400) on :
 
yeah we did the 5 lug..U are cool with me, and if i remember right that deal went smooth..i also know casey as we have done some deals too,,thats why i am not taking sides..i have done pefect deals with both of u guys..i was just saying i had a simular situation and it sucked..I dont see how anything i said was offensive to u..sorry if it seemed that way..
 

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Posted by N8 (Member # 6048) on :
 
Your comment wasn't offensive but if you mix it with what homeboy said, it just comes across bad. But that should be the lesson learned that you spoke of. Handle your shit like a man between the person you have the issue with. No one on this board has the ability to make me do something I do not want to do. Period.

I have given away more parts and playa priced things for people than I have sold or tried to profit from. And for someone to come on here and hi-jack my topic then try to make me look like some crook/clown. That just got under my skin. I really hate when simple things become a drama session. Anyway, Casey no offense taken and you are alright in my book. FoxGT and I have a understanding. And thanks to all the people who have commented and PM'd advice.

Slidewayz....thanks man, that is almost what we would be doing. I am going to test the water a bit as I said for now I am just a investor and willing to take the inventory as payment if it looks like my money wont be re-couped. If things look good I will be getting a little more involved and maybe try things in Cali. I figure I would try another way to make my money work for me. It was either this or buy a condo.

[ September 11, 2008, 09:36 AM: Message edited by: N8 ]
 

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Posted by cummins (Member # 5931) on :
 
N8 since you always do the opposite of what I suggest, then I say go for it and put 100 percent into it! You and your biz partners should quit your jobs and do this full time. Start now! Its a great way to make money especially in today's economy where people are spending money like crazy and have lots of it to waste.
 

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Posted by N8 (Member # 6048) on :
 

quote:

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Originally posted by cummins:
N8 since you always do the opposite of what I suggest, then I say go for it and put 100 percent into it! You and your biz partners should quit your jobs and do this full time. Start now! Its a great way to make money especially in today's economy where people are spending money like crazy and have lots of it to waste.

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lol...smart-ass, at least you didnt call me "L8"

[ September 11, 2008, 10:21 AM: Message edited by: N8 ]
 

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Posted by adower (Member # 5955) on :
 
If your serious about this then you probably shouldnt be asking here. You should be consulting with a lawyer of some sort in the actual state your going to be doing business. If I were you I wouldnt be asking run of the mill people how to invest a large sum of money.
 

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Posted by N8 (Member # 6048) on :
 
Well I did already do all my consulting, but nothing like getting a cafords perspective

Nah, but I know a few people here are doing it already so that is my main reason for asking here. Dont think it was too "run of the mill" to ask about the ins and outs of the biz. Wasn't really asking for a financial forecast, but I appreciate any opinions. Oh and best believe I wouldn't let the advice here be my last stop. Hell people on here have trouble buying upper intakes from folks. But point well taken, I was just seeking more insight from a truly neutral source.
 

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Posted by FoX GT (Member # 4587) on :
 
I can give information for setting up a car dealership in California, but in another state, especially when you haven't said what state it is makes it nearly impossible.
 

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Posted by N8 (Member # 6048) on :
 

quote:

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Originally posted by FoX GT:
I can give information for setting up a car dealership in California, but in another state, especially when you haven't said what state it is makes it nearly impossible.

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Well if things go well I may try to bring the setup to Cali. That is the plan. So any info on any gotchas or pitfalls to the process would appreciated. I do not want to go into too much detail due to the uniqueness of the idea. But the basics revolve around the business model of a person with a dealers license.

Things I am looking into now, is it seems there are 2 levels to the licensing basically. One that lets you sell to other dealers only and one where you can do whatever. Also it seems there is a test involved. Like I said for now I am a investor but approaching it for now like I am a sole proprietor just for my edification.

Any info is appreciated. Oh and Cali info is ok. There may be some crossover.

[ September 11, 2008, 12:49 PM: Message edited by: N8 ]
 

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Posted by NavidR (Member # 3164) on :
 
hey just call your local dmv office and ask for the ispectors number, you can set up a dealer and get all the licences, you need to take a class and take a test (its easy). The only think is you need a location (can't do it from home like the old days) a retail location has to only have spot for two cars. So if you have a shop you just designate two spots for a dealer ship and your good to go.

Don't worry just take the DMV dealer training class (about $100-200) and they will teach you everything you need to start your buisness.

good luck and if you have any questions just pm me,
 

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Posted by N8 (Member # 6048) on :
 
Just the man I wanted to chime in. I wasn't sure if it was you that had the lot or experience. Thanks man. And I will definitely be PM'n you
 

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Posted by 707vibrantcobra93 (Member # 4702) on :
 
n8 your idea sucks just kidding, i have no idea about this shit but i hope it works out for you bro, i have done enough dealings with you i think your a great business man so f*** the rest, not really cuz i don't know what happened, just wanted to shoot you a whats up? how ya been? and good luck on your endeavors! get at me bro
 

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Posted by N8 (Member # 6048) on :
 
wassup man... I know it sounds like madness. But they said the same thing when I started my current business (which I quit a 100k job to start). Most people said print was dead and that a ad agency cannot survive in the current state of the web/business. But we are thriving. I never gamble with something I am not willing to lose.

Thanks for the advice gents
 

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