What to Consider Before Starting a Used Car Dealership?

If you are thinking of starting your own used car dealership there are several factors which you must carefully consider. The basics include performing thorough market research, identifying a prime location and having a good understanding of all the rules and regulations that are relevant to you in your new business venture.

If you get everything spot on, then you could be onto a real gold mine! However, just one mistake could end up being costly. The age-old adage that all publicity is good publicity is simply not true… especially in a market as competitive as the used car market.

Identify inventory

So, for argument’s sake, let’s say that you’ve already done your market research, you know the rules and regulations like the back of your hand, and you’ve already got yourself an excellent location… Now you just need inventory, and we mean quality inventory, no one is buying rubbish anymore, everyone is just too tuned in to fall for the old sales tricks. At this point, it is essential to find out everything you can about your prospective inventory.

Buy smart, sell smarter

The need to buy before you sell is obvious, after all, if you don’t own it, you can’t legally sell it!

When it comes to purchasing your inventory there are several factors to consider, each of which can be as important as the last. For example, if you are seemingly getting a great deal, only to find that you unknowingly bought several cars that had previously been in an accident, you could easily to stung with exorbitant insurance and repair costs, and that’s before you’ve even made a sale!

You can find out more about the risks involved with buying a car, check this “has my car been in an accident?”

Don’t pay over the odds

Obviously, whether a car has been in an accident or not, you’ll want to sure that you’re paying a fair market value. Buying a used car at above market value will inevitably lead to you making a loss on each car you sell, and that’s without things such as rent for your location and other running costs factored in.

If you are looking to ensure that you pay a fair price, or even ensure a real bargain isn’t too good to be true, you should get an independent valuation, such as those you get when you run a comprehensive background check.

Bring the price down

Let’s say that you’ve seen a seemingly reliable, desirable, and affordable car. But, before you put an offer in, you run a background check. The check identifies that despite the seller’s claims, the car does not have a full MOT history and that it was previously an insurance write-off car check.

Now, these are not reasons to not buy the car, but as the seller didn’t inform you right away you can now make a lowball offer which they will pretty much have to accept. So, you pick up the car for way below the asking price, and as long as you make the prospective buyer fully aware and reassure them that everything is fine, you will still get a good price.

Buying below market value and selling for a fair price means more profit for you!

These are just some of the many reasons to run a full car background check if you’re starting a used car dealership, and Reg Car Checks offer one of the most comprehensive car checks on the market.

A Brand-New Bentley Is on The Way

At 12:30 BST on Tuesday, May 10, Bentley will reveal a new model to add to its line-up of opulent automobiles. The company’s designers, engineers, and artisans have taken elegance, technology, and performance to new heights in a way that only Bentley can provide.

The most coveted luxury automobile brand in the world is Bentley Motors.

All of the company’s operations, including design, R&D, engineering, Mulliner, and manufacture of its four model lines, the Continental GT, Continental GT Convertible, Flying Spur, and Bentayga, are located at its Crewe headquarters.

UK Luxury

Unique to UK luxury automobile brands like Bentley is the fusion of high craftsmanship, utilising techniques that have been passed down through centuries, with engineering know-how and cutting-edge technology. It is also a prime example of British high-value manufacturing. In Crewe, Bentley employs about 4,000 people.

The S “focuses on driving performance and visual presence,” according to Bentley. Therefore, it can only be used with the 4.0-liter twin-turbo V8 engine, which is lighter, but there isn’t any more power, so you’ll only get 542 horsepower and 568 lb-ft of torque. Should still be adequate.

The hard-topped Conti’s 0-62mph speeds of 4.0 seconds and the convertibles of 4.1 seconds are still unchanged, however if you order the S, you’ll also get a loud new sports exhaust system.

Added Sportiness

Along with the normal chrome work, the grille and lamp surrounds will all be completed in “black gloss.” Said lights appear to have a dark tinge, and naturally, there is a tonne of S badging both inside and outside.

Additionally, a new 22-inch wheel design is an option, and red brake callipers are included for added sportiness. That alone is worth at least 10 additional horsepower.

With seemingly limitless colour combinations, the interior receives a distinctive two-tone split, and there is even more S badging sewn into the headrests.