Looking Forward to Jumping In!

Zack Barnett

Hey everyone!

For better or worse - I think that I have decided to make the plunge in get into the used car business. Although no stranger to selling cars, I have never had experience working at an actual automotive dealership. I'm hungry for information, and I am actively trying to read and learn everything I can about the business.

I think that having a legitimate, honest dealership business will make for a sustainable revenue stream over the long run. 
I'm looking to start small - with 6-10 vehicles that are mine. Not looking to floorplan if it can be avoided. I don't intend to offer very expensive product - my expertise is in buying specific types/brands of vehicles very cheap due to major mechanical failure, servicing them properly, and selling for cash. To this end, I will have my own small service area to ensure my product is always on point and is something I wouldn't be afraid to put my mother in and turn her loose.

I realize that with a dealership, there's much, much more involved - such as the ability to offer financing, covering overhead expenses, and a whole litany of other considerations. However - I think that long term, this would be the best plan of action. 

Thanks for all the information you all have contributed so far - I've already started digging back into the forum and absorbing as much as I can. Hopefully I can contribute as time goes on!

-ZB

Tori Zinger

Wow, this is awesome! Good luck, and keep us updated on your progress and what kinds of things work and don't work for you!

Scott Larrabee

Awesome, best of luck to you!

Congrats! Good for you.

Tori Zinger

Zack, how are things going so far?

Zack Barnett

So things are definitely progressing, I am not trying to rush to get opened. I am actually taking the time to set up things on the back side first. I've stocked up a fair amount of inventory to start working with, and I signed the lease on a separate facility that I will use to facilitate my mechanical repair (my bread and butter has been repairing clean title vehicles with major mechanical issues). Keeping this work in-house and making sure it is done right will be key to my success as a dealership, so I'm going about making sure it is set up properly.

I intend to operate the shop for both limited repair work from the general public, as well as mainly to handle dealership cars. I'm pretty pleased with my mechanic crew and I have tapped a competent service manager to keep things rolling smoothly. 

I've also scouted a couple of physical locations for the dealership itself. 

I'm still educating myself about the intricacies of financing and dealership management. Theres a lot to learn and a lot of places to learn from - its just figuring out what will be the right fit for us. 

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