vol_in_ar
Well-Known Member
- Joined
- Sep 2, 2006
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For what you are doing you should consider opening a buy here pay here car lot. There is some good money to be made but you have to be a little cold hearted and repo them cars when payments are missed. Can't listen and be swayed by some sob stories. You already have someone that will do the repo's for you.
The $500 car for example. Put it on the lot for $2,500, $500 down $40 per week. The buyers credit is shot or he would not be looking at buy here pay here, he/she is looking at down payment and payments, price doesn't matter, they need a car. The buyer miss 2 payments, pick it up and do it all over again.
gramps is on to something
there's a house here in Rogers, that's looks like it should be a French Estate, it's huge, the grounds are absolutely stunning, with about a 1/4 mile drive back to the house with fountains, and at least a 20,000 sq ft, house and a widow lives there, her husband started the buy here/pay here Car Mart, that's all over Northwest Arkansas...Most everything they sale is around $4,000 to $6,000 dollars