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Jake C's Discussions
Finding a new location
Started this discussion. Last reply by Ben Misra (secondarypro) Nov 18, 2012. 3 Replies 0 Likes
What do you do when you are looking for a new lot? I have a few sites i search but its pretty slim these days. Do you look for old gas stations or repair shops; Then see if you can get them zoned?…Continue
BHPH how do you price your vehicles?
Started this discussion. Last reply by Neill Juilfs May 4. 11 Replies 0 Likes
I been in the business for almost 2 years now. My pricing structure was pretty basic however i was only selling cheaper cars. Now im getting into nicer cars spending roughly 1800-2500 per car. I…Continue
collection agency vs judgement
Started this discussion. Last reply by Jake C Jun 16, 2012. 4 Replies 0 Likes
I have been sending some clients to collection agencies when i dont want the car back. Im looking for some insight on those that have been there before. I dont seem to get paid too often from…Continue
BHPH Accepting online payments through a website who does it?
Started this discussion. Last reply by Alex A May 23, 2012. 6 Replies 0 Likes
Just looking to get some info. After you started offering it to your customers what percent started using it?I noticed one company was using this:…Continue
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Neill Juilfs replied to Jake C's discussion BHPH how do you price your vehicles?"I would love so clarification:
I know enough to get myself in trouble, but not know what I am doing. I have never offered either, but would like to start offering one or both, especially on BHPH units (10% right now).
So you include a warranty…"
Jake C replied to Dave Fortney's discussion PROBLEMS WITH CRAIGSLIST - Flagging and blocking"same issue here. Im getting an error 404 when i tried to post new ads today. That happen on new account with new ip adress as well. I think it might be something with CL"
Gene Daughtry replied to Jake C's discussion BHPH how do you price your vehicles?"There is no legally bumping the price. Be Careful! I advise people to decide, are you in BHPH or retail. If you are in BHPH then price accordingly and negotiate for cash deals if you have too. You cannot legally go the other way. I never advertised…"
Gene Daughtry replied to Jake C's discussion BHPH how do you price your vehicles?"Jake,
Price your cars basically like Shawn said. I would offer a service contract. I have been in the business for 16 years and most of that time I sold and capitalized an ESP on every car. I used a program that has roadside so the rig could get…"
Shawn Dostie replied to Jake C's discussion BHPH how do you price your vehicles?"That is how I started, then got greedy. Always remember that you are selling financing, not a car in BHPH. Be sure you are ready to lose the car and any investment in it, before you finance it. There are some I would rather finance with 99 cents…"
Neill Juilfs replied to Jake C's discussion BHPH how do you price your vehicles?"Thanks, that is very helpful. I have no desire (or capital) to go full BHPH, but have considered doing some cars (or a corner) like you suggested."
Shawn Dostie replied to Jake C's discussion BHPH how do you price your vehicles?"I tried that before and it is very difficult to do both retail and BHPH out of the same location. I know people that tell the customer that they are adding $2000.00 to the selling price, even though that is illegal. I refuse to do that. In a highly…"
Neill Juilfs replied to Jake C's discussion BHPH how do you price your vehicles?"Thanks, that sounds like good advice. It is difficult to keep that positive relationship (and paying on time) without giving too much away. I do some repair work, but am moving toward a full service department. I think this will allow me…"
Shawn Dostie replied to Jake C's discussion BHPH how do you price your vehicles?"Mine is the standard engine, transmission, drivetrain, internal lubricated parts only however I market an extended service agreement. I offer all of my financed customers oil changes for $15.00
If you would like to call me, my office number is…"
Neill Juilfs replied to Jake C's discussion BHPH how do you price your vehicles?"How do you word you warranty? I would love is someone can send me or post an example.
Does it cover just powertrain, or:
check engine light?
engine noise? (could be sublte)
suspension noise?
Not sure where to draw the line here."
Ben Misra (secondarypro) replied to Jake C's discussion Finding a new location"***** Disclosure, I work for this company *******
Jake,
Our company can run an analysis of what type of customers are available in any location-market.
That way you will know what banks, cars, and what type of customer will be coming in.
We have…"
"My advice on this is to begin with the end in mind. If you are trying to find a building that will work, and then planning the business model around it, try reversing your thought process. When I buy property, I want to have planned exactly how it…"
Jake C's discussion was featuredFinding a new location
What do you do when you are looking for a new lot? I have a few sites i search but its pretty slim these days. Do you look for old gas stations or repair shops; Then see if you can get them zoned? Seems like i find more if i just drive around the city then searching the internet. Maybe looking in the wrong spot? Craigs list use to be big but not much on there.tksjakeSee More
Jake C posted a discussionFinding a new location
What do you do when you are looking for a new lot? I have a few sites i search but its pretty slim these days. Do you look for old gas stations or repair shops; Then see if you can get them zoned? Seems like i find more if i just drive around the city then searching the internet. Maybe looking in the wrong spot? Craigs list use to be big but not much on there.tksjakeSee More
Shawn Dostie replied to Jake C's discussion BHPH how do you price your vehicles?"Basic rule of thumb has always been double it plus $1000.00 A $2500.00 vehicle is $5995.00
Warranty is very different from an extended service contract. In BHPH, it is almost a must. People do not pay if it has mechanical issues. The price…"
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- Jakes auto
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- president
- Dealership, Allied Industry or Finance Company?
- Dealership
- If Dealership, Franchise or Independent
- Independent
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- http://jakesautomall.com
- Birthday
- January 15
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