Would this kind of car dealership do good?
Ive been thinking about my future and i was wondering about opening up an exotic car dealership in a place such as nyc or a main part of florida. In order to start it, i would take loans out to go and get my building and buy say 2 lamborghini’s and like a ferrari. I have some places where i can find lamborghini’s for $100,000, then i would sell them for say $140,000 and such. And then i would continue this process and eventually pay off the loans and be making a profit off of this. But my main question is… is there enough profit of these kind of cars out there, like would you get lots of sales selling exotic cars even with their price. Im guessing theres bound to be more rich people in florida and nyc. And is this a possible career?????
please answer! thanks
Its a fun fantasy. But it is just a fantasy at this point.
Others have said it a bit more harshly, but the reality is that this is a long way off for you. I am not saying it will NEVER happen, but its a very long way from happening.
Forget the multiple hoops you have to get through to be a licensed dealer for a moment…
You are not going to just walk in with a nice smile and a warm handsahke, and get a bank to loan you a half-million bucks. Maybe more.
Is there more wealth in Miami and NYC? Yep. Are there more high-end dealers? yep. There is a smaller pond to fish from, and plenty of guys that already have their lines in the water. Plus they have decades of experience, certified mechanics, and the backing to weather these harsh times.
Keep in mind that while you rtheory is sound, the execution is the problem. Can you make $40k on an exotic? probably not. Even if you could, how long will your $100K be tied up before someone with that kind of scratch comes along? Buyers at that end of the spectrum dont just fall from the sky. Plus, they know they have the luxury of taking their business anywhere they want. A guy in Miami cna buy in San Diego if they make it worth his time.
Smarter move? Take that wishful 100K and put it in 20 cars for $5k each, sell each for $6500. Trust me, there are a LOT more buyers for $6k cars than there are for $140k cars.
2001 Bentley Twin Turbo Convertible Exotic Car For Sale!
