Question
Would this buisness venture work?
I am a very good car salesman and, I have made alot of money off of people who had no idea they over paid so much. I want to change sides now and charge the Consumer a small fee compared to the amount they would save simply by allowing me to come with them when they go buy a new car. I could save someone a minimum of 1000 dollars all the way up to 15,000 dollars! Question is would you pay 100 bucks for this service?
2 months ago - 5 answers
Best Answer
Chosen by Asker
Absolutely. I think it's a great idea. You might make more money at this by taking a percentage of the cost savings instead of a flat fee. I don't think that $100 is a high enough fee to fairly or adequately compensate you for the time you would have to expend on each transaction. But it is a super idea and I would gladly pay to have a knowledgable and experienced car salesman on my side during the negotiation. Good luck.
by Tom C
2 months ago
Asker's Rating: 
Other Answers
You are going about this wrong. It much better to be an auto broker/wholesaler. So the customer says I'm looking for 2006 Jetta for $15,000. You find the car, either from a wholesaler or retailer. negotiate them down to $14,000 setup the deal, and keep the $1000.
by noitall- 2 months ago
I would not, but there are probably a number of people out there who would. I cannot imagine overpaying for a vehicle, when there are always more cars than buyers. Go figure ?
by Bandit- 2 months ago
You are selling yourself short by only charging $100 for the service. I would charge more like 50% of the savings. The problem you run into though is getting people to pay you. Most people won't want to pay anything upfront and some people are just cheap and will cheat and not pay you after they get the car. If I were you I'd go with noitall's suggestions. You can aslo expand on that by arranging financing for the buyer and maybe getting a cut from the finance company. Depending on your state you may need to have some kind of license to broker the cars or handle the financing so you'll need to check on that.
by weebler76- 2 months ago
Go for it.
by Ross T- 2 months ago