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Publisher's Summary

It is not hard to become a used car dealer even if you are on a tight budget. As far as the income potential is concern, it is higher than most other side gigs you will find. Just imagine this, you buy a 6 years old Toyota Camry with 87K miles for $4,500, you bring it home, clean it up, fix few minor scratches, wash it wax it, then put it up for sale on Craigslist for $7100. In the first three days you get a few calls, and after 4 test drives, you sell it for $6,600.

Let's see how much you made from this sale. You paid $4,400 + you spend $350 on fixing minor issues, so your total cost was $4,750, but you sold it for $6,600, so your net profit from this sale is $6,600-$4,750 = $1,850

Not bad for few hours of work. You see if you buy the right type of cars and price them right, there is no reason you can't sell 2-3 cars a month and make a handsome extra income each month.

I have a friend, who has a small insurance business. He has been selling cars on the side for last 25 years, and he told me just by selling 2-3 cars a month, he was able to pay for college for all his three kids.

On the other hand, if you want to grow, then start small but reinvest the profit you make from selling each car back into the business and soon you will see, you are growing at a fast and steady pace, but you have to be focused and dedicated.

Let's see what you will learn from this book:

  • 12 Steps to get started
  • All 50 State licensing requirements
  • Bond and insurance you will need
  • Personal financial statement & sample
  • How to incorporate and Name your business
  • Sample Article of Incorporation
  • Which is the best legal business entity for you
  • How to get a EIN number and open a Commercial Bank account
  • And much more!

©2017 Valencia Publishing House (P)2017 Valencia Publishing House

What members say

Average Customer Ratings

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guy has no idea what he's talking about and could

this book could not be farther from the truth one should not advise others when they don't know what they're doing them self this book could really cost people money

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About 15 actual minutes worth of content

What would have made How to Start, Run and Grow a Used Car Dealership on a Budget better?

Nicholas Santasier performance is ok. The content is crap. First third of the book he just reads off each state requirements, the 3rd part of the book just reads off common terms and definition.

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not all that helpful.

was looking for insights and good ideas, strategies ect in flipping. this book was mostly about dotting your I's and crossing your t's with getting a dealers license and lots. something that you could google for 30 minutes and get without buying the book.