Mark Marino
  • Saint Paul Park, MN
  • United States
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Mark Marino's Friends

  • JIMMY LEE
  • IE Dream Motors
  • Kylie Wright

Mark Marino's Discussions

Which units to buy for Westlake

Started this discussion. Last reply by JIMMY LEE Jun 12, 2013. 4 Replies

Tax Time 2012 Sales

Started this discussion. Last reply by Kris Steffens Mar 16, 2012. 2 Replies

 

Mark Marino's Page

Latest Activity

Mark Marino replied to Josh Moniker's discussion Retail Pricing Suggestions - Please Help
"My philosophy has always been turn over gross. I'm at a different price point. I mainly do vehicles between $2000-$5000. Maybe once per month at the most I hit a home run and make $1500 plus. I try to make about $750 on most deals. It's…"
Jun 15
Mark Marino posted a discussion

Dealer Website Hosting

Hello, I'm looking for recommendations for dealer website design and hosting. I've been with Carsforsale since 2010 or so and always enjoyed their service, however they recently transitioned to a new layout for managing my website and it's proving cumbersome, buggy, slow and too many options I don't want take up a lot of time to get around to post and delete vehicles from the website. What are you using and do you like it?See More
Jun 3
Mark Marino replied to AAH's discussion Floor Plan Question - I Can't Celieve No One Has Asked This Before!
"I own all my inventory, but I deal with mostly $5000 and under vehicles so it's much easier to do that. The margins are a little too slim to give a cut to the bank."
Apr 10
Mark Marino replied to Jake C's discussion BHPH what to do after you repo a car and want to sell at your lot
"I haven't dealt with BHPH in a few years, but you may want to advertise a public auction in a small county newspaper with very low distribution, sell them to a 3rd party and then buy them back. While it is technically legal as long as the…"
Jan 27
Mark Marino replied to Capital Region Cars's discussion Any dealers that have partners? Need some help please!
"Don't do it. Find a way (easier said than done) to bump your average sales per month up to 18-20 vehicles. I didn't take on a partner but about 5 years ago I stepped up and moved from a small lot that held 18 vehicles to 90 vehicles, added…"
Aug 4, 2016
Mark Marino replied to Fin Wang's discussion New Dealer opening up in Seattle, any advice or suggestions for me?
"I've been having a rough year as well. Getting a good car is near impossible at auction and my buyers seem to have higher standards as of late. It's kind of frustrating but that comes with the territory. I've had to downsize the…"
Aug 4, 2016
Mark Marino replied to Fin Wang's discussion Anyone ever used unsecured funding like this instead of floor planning?
"If you have decent credit and income you should be able to just get one at your bank, or if you have equity in your home you can do a line of credit through your house. How much do you generally have into your total inventory? But the terms on that…"
Mar 16, 2016
Mark Marino replied to Murad Swati's discussion Relatively New Used Car dealer in need of your help!~ I know, I know another one of these posts.
"Cutting the staff in half and doubling the business is a tall order. I advertise on Craigslist, have a website, a facebook page, carsoup.com and cargurus.com. Craigslist will likely be your best and cheapest source for leads. As for what to buy,…"
Jun 10, 2015
Mark Marino replied to Travis Griffis's discussion FInanced Vehicles ending up in Mechanic Shops/Wrecker Yards
"I'm not sure about the repo laws in your state, where I'm from if the vehicle is just sitting in a parking lot it's fair game, if they shop has it locked up then you have to pay. As for tow yards I've had to bail plenty of cars…"
Jun 10, 2015
Mark Marino replied to Travis Griffis's discussion Building relationships with banks, credit unions local finance offices
"Too many dealers I talk to that scoff at subprime bank lending and discounts in my opinion are just looking for a fool to pay them face value for junk paper. If you want to be in the subprime business you have to buy cars that work with the program,…"
Feb 7, 2015
Mark Marino replied to Travis Griffis's discussion Building relationships with banks, credit unions local finance offices
"Maybe it was different in my area. I was buying plain jane cars for $500-$1200 and selling them BHPH for $2995 with 6 month terms and did very well for years, as subprime became more prevalent in the area it cooled off though. As for what I'm…"
Feb 5, 2015
Mark Marino replied to Kenny Winston's discussion Used car dealer start up questions
"I would advise against dumping your 401k to start a business if at all possible, put yourself on a budget and save up some cash over the next year and start small, the place you describe as what you'd like to start out at seems a little…"
Jan 31, 2015
Mark Marino replied to Travis Griffis's discussion Building relationships with banks, credit unions local finance offices
"I know how you feel, I started in this business nearly 10 years ago with my only experience would be selling two of my own vehicles. You will have a hard time getting local credit unions to deal with you. It sounds like you don't have enough…"
Jan 31, 2015
Mark Marino replied to Jake C's discussion Doing your own repos
"As far as I know you don't in MN. I never carried it and did a fair amount of my own repos. Just make sure you have your ducks in a row first to avoid a bad repo lawsuit."
Aug 7, 2014
Mark Marino replied to Fin Wang's discussion New Dealer opening up in Seattle, any advice or suggestions for me?
"Westlake does work very well on some older cars (mostly imports) that you wouldn't expect, hard part is getting someone to agree to the price Westlake's Deal Wizard will put on the older units. I started out small like you in 2006, what I…"
Jul 27, 2014
JIMMY LEE replied to Mark Marino's discussion Which units to buy for Westlake
"i have sold 2004 bmw 745il 12,000 sold 2003 bmw 530i with 103 2500 down 1650 front end lots of cars work but down payments required"
Jun 12, 2013

Profile Information

Company
Rock Island Auto
Position
Owner
Dealership, Allied Industry or Finance Company?
Dealership
If Dealership, Franchise or Independent
Independent
Your web site
http://facebook.com
Biography/Work Summary
Just another used car guy
Activities Away From Work
Drag racing
Birthday
May 11

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