Anyone a car broker or know about the business?

jahmed78 · 11-29-2010, 08:27 PM

I'm in Sales for a tech company and I usually have side projects going on...my most recent was an Android app that I got developed and sold. I've also run a couple of custom PC businesses and a house painting business through college . I'm getting bored again and as I spruce up my recently bought BMW I can't help but think why not combine my love of cars and ability to sell and deal with people?

So I'm thinking maybe I take on car brokering on as a side hobby/project. I's like to do high end luxury but obviously need to work my way up. Any advice/tips? Where to start? Best source for cars? Where is most of the money made (buying or selling)? Etc....

Thanks!

jahmed78 · 11-29-2010, 11:13 PM

bump?

mtla4 · 11-30-2010, 12:06 AM

Quote:

Originally Posted by jahmed78

I'm in Sales for a tech company and I usually have side projects going on...my most recent was an Android app that I got developed and sold. I've also run a couple of custom PC businesses and a house painting business through college . I'm getting bored again and as I spruce up my recently bought BMW I can't help but think why not combine my love of cars and ability to sell and deal with people?

So I'm thinking maybe I take on car brokering on as a side hobby/project. I's like to do high end luxury but obviously need to work my way up. Any advice/tips? Where to start? Best source for cars? Where is most of the money made (buying or selling)? Etc....

Thanks!

Take my advice start small and stick with econmy or regular cars.....luxury high end is too complicated. You will sell 10 corolla-civic for every 3 series that you will sell.

graider · 11-30-2010, 10:50 AM

anyone on here own a used car dealer?

Silver-Bolt · 11-30-2010, 03:46 PM

You need a dealer license to get into the auto auctions. Most states require a dealer license if you sell X-number of cars per year. I agree that there is more money in turning low end econo cars than big dollar luxury cars.

jahmed78 · 11-30-2010, 03:49 PM

Thanks for the info. I see two approaches to this business:

1. Buy econo cars from auctions and turn them for a profit.

2. Be a broker who simply finds specific cars and negotiates deals on behalf of buyers for a flat fee. No investment in the actual cars.

Any thoughts on #2?

11-29-2010, 08:27 PM	#1
jahmed78 Second Lieutenant 51 Rep 299 Posts Drives: 2007 BMW e90 335i Join Date: Oct 2010 Location: San Diego, CA iTrader: (6)	Anyone a car broker or know about the business? I'm in Sales for a tech company and I usually have side projects going on...my most recent was an Android app that I got developed and sold. I've also run a couple of custom PC businesses and a house painting business through college . I'm getting bored again and as I spruce up my recently bought BMW I can't help but think why not combine my love of cars and ability to sell and deal with people? So I'm thinking maybe I take on car brokering on as a side hobby/project. I's like to do high end luxury but obviously need to work my way up. Any advice/tips? Where to start? Best source for cars? Where is most of the money made (buying or selling)? Etc.... Thanks! __________________ 2007 335i e90 - black on black w/wood trim and iDrive 19" BMW M-Performance wheels, ST coilovers, m3 rep front bumper and skirts, CF Hamann rep diffuser, Remus Race quad exhaust, aFe DCI, LED angel eyes & DRL kit,
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11-29-2010, 11:13 PM	#2
jahmed78 Second Lieutenant 51 Rep 299 Posts Drives: 2007 BMW e90 335i Join Date: Oct 2010 Location: San Diego, CA iTrader: (6)	bump? __________________ 2007 335i e90 - black on black w/wood trim and iDrive 19" BMW M-Performance wheels, ST coilovers, m3 rep front bumper and skirts, CF Hamann rep diffuser, Remus Race quad exhaust, aFe DCI, LED angel eyes & DRL kit,
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11-30-2010, 10:50 AM	#4
graider Colonel 35 Rep 2,406 Posts Drives: py/kiwi e46 m3 Join Date: Aug 2007 Location: toronto iTrader: (0)	anyone on here own a used car dealer?
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11-30-2010, 03:46 PM	#5
Silver-Bolt Captain 28 Rep 805 Posts Drives: 2011 Z4 35is Melbourne Red Join Date: Jun 2010 Location: Portland, OR iTrader: (0) Garage List 2011 Z4 35is [9.00]	You need a dealer license to get into the auto auctions. Most states require a dealer license if you sell X-number of cars per year. I agree that there is more money in turning low end econo cars than big dollar luxury cars.
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11-30-2010, 03:49 PM	#6
jahmed78 Second Lieutenant 51 Rep 299 Posts Drives: 2007 BMW e90 335i Join Date: Oct 2010 Location: San Diego, CA iTrader: (6)	Thanks for the info. I see two approaches to this business: 1. Buy econo cars from auctions and turn them for a profit. 2. Be a broker who simply finds specific cars and negotiates deals on behalf of buyers for a flat fee. No investment in the actual cars. Any thoughts on #2? __________________ 2007 335i e90 - black on black w/wood trim and iDrive 19" BMW M-Performance wheels, ST coilovers, m3 rep front bumper and skirts, CF Hamann rep diffuser, Remus Race quad exhaust, aFe DCI, LED angel eyes & DRL kit,
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