What do I need to do to purchase a car in another state?

Hmm .. Interesting that you say your sector isn't being addressed. Wonder why ... But if so, then that's an opportunity. I've spent the past 4 years specializing in probably THE hardest market for making accurate appraisals: the domain name industry. For me as an engineer, that has meant crunching numbers. So I'm intimately familiar with the issues involved in making inferences about value from partial list-price and sale-price data. In fact, I spend much of each day compiling raw data and building database-driven tools to organize and analyze it. So I don't know the auto industry at all, but I know a thing or 2 about figuring out the value of assets in obscure areas. Certainly a model can be constructed for extrapolating value from list prices. It only remains to be determined how wide the margin of error would be and what kind of latent bias might exist. If you'd like my help, just ask.

I am regularly asked questions similar to this by new business owners or business owners expanding to a new venture. Insurance has many niches that exist in the commercial insurance space, this is one of them. A couple of places to start; 1. If you already have a broker who handles commercial insurance this would be your first conversation. 2. Even if you have that, a second opinion is a good place to start. Do a quick search in an area in a different part of your state. Try and find a similar operation. Call and introduce yourself and see who they use. Since you are not competition they are likeley to gladly make a referral. 3.Typically associations have a ready made policy just for you. Give this a shot; https://www.acraorg.com/ 4. if leasing from a larger operation, I bet they have someone ready and willing to speak with you as well. Best of luck. Happy to chat further.

Hello! I am a former automobile dealer, and I had an auto repair shop, body shop, and licensed vehicle inspection station in central Missouri. I am very familiar with this industry. I entered this market at the wrong time, grew quickly, and hit the Great Recession at the wrong time. My goal was similar to yours, to wholesale vehicles, but also to export classic cars to the middle East. Canada is a great source for people here, because the prices are in fact lower for US buyers. I am still somewhat involved in the automotive niche, and I even recently purchased a replacement engine on a Scion from Canada because it was about one third of the price that I would have paid anywhere close. One thing you mentioned that stuck out in my mind is focusing on SUVs and trucks. When you specialize, you create your biggest potential. If you can create a name for yourself for supplying a particular size of truck, say a 1/4 ton pickup with an extended cab, you might be able to connect with volume buyers who are looking for low cost alternatives to buying new. This could be municipalities with tight budgets, small transport companies, service industry companies, etc. Once you find a hot niche, word could spread fast, and if you've mastered the supply side, you will be able to move vehicles super fast. And if you have the capability of doing some mechanical upgrades on the vehicles before you sell them, you'll make a greater return on your investment. One example of a hot niche is Jeep Cherokees in Colorado. Cherokees sell for 20% to 30% higher in Colorado than what they go for in the Midwest. I know of a person who did nothing but purchase Cherokees and fix them up for selling in Colorado. He had a very solid business. The advantage to focusing down on a very tight selection of vehicle models is knowing what to expect. You'll know what parts are likely to be worn out at a particular mileage, where these vehicles tend to rust first, what mechanical issues are common, or electrical problems that you can run into. When you are wholesaling and buying anything and everything, you'll heighten your chances of getting burned. I've been there myself, and learned some hard lessons. At the end of my run in the business, I wish I could have hit the rewind button and only scoped out a narrow variety of vehicles that I had the most knowledge on. I plan on re-entering the business soon. I've got a particular car in mind, the 1995 Ford Mustang. I rebuilt one of these, and I know all of the gory details for this car. Right now, they are a dime a dozen, and you can find them everywhere. My plan is to restore them and sell them, because this body style and the Fox body are the next ones which will become "nostalgic". Drill down and find out which pickup truck is your best prospect. Factor in common problems, cost of repair, and demand out on the market. Then stick with that model within a certain range of years, and make a name for yourself in that niche. You are guaranteed to have better success if you take that approach!

Take a SMALL deposit upfront (the actualy - not marked-up cost - of the materials. That way if they skip out on you at least you didn't lose anyting. Second, you won't give them back their car until they pay, so you always have their vehicle as collateral. The point at which you buy materials will depend on how long the lead time is before you get them, and how quickly you're guaranteeing the service. In this day and age, the faster the better. How long will it take you to paint the vehicle? You should schedule their appointments before they pay. You can start with a free "consultation" where they bring their car in, you walk them through the process, and explain to them how its going to work. I would have the option to accept deposits online, but anything outside of that, I would not. In person, you need to be able to accept cash AND credit...especially credit. My suggestion is to have a process like this: 1) customer calls asking for a paint. Likes what you say, agrees to use your service 2) Collect the deposit 3) Go get the materials 4) Schedule a time for them to drop-off their vehicle AFTER you've purchased the materials so there's less downtime 5) Paint the vehicle 6) Customer picks up the vehicle and pays I'm more than happy to speak with you on this further. Feel free to schedule a follow-up call and I can walk you through this step-by-step: https://clarity.fm/taylormitcham

Hi! It seems like you're early on in regards to developing your idea still. (Not saying you haven't thought of it for a while) It appears that the idea might still need more refining. The hardest and most valuable things an entrepreneur can do early on is simplify the business and idea as much as possible. You might feel like your giving up a apiece of the pie that can also be tapped into but you need to focus in one value only. That will help the market entry a lot by having a simpler pitch, marketing, value proposition, and finances. Now.. To your first general question (assuming the core idea is financing) simplify a message and value proposition, conduct simple surveys on both bike owners & banks to really dwell into the financial reasoning of why they don't and also a glimpse of the market share by knowing how many on average would opt for financing a preowned bike vs. buying it cash. With that you could start pitching potential investors who would provide you with your website/marketing, financier insurance, legal fees & obviously the reserves and premiums to finance the bikes... An investor once obtained will have his/her own demands for equity or interest/royalties and that will help you calculate your average interest on loans offered... I really recommend you stick to one valuable offering then as you establish the business and grow your stake in the market that you offer more services like handling the selling and buying,etc.. From what you listed it looks like your bp covers several possible propositions.