View Poll Results: Do you think I'll get ripped off by losers?
Yes you will; don't do it
35
64.81%
No you won't; people are willing to pay a fair price
19
35.19%
Voters: 54. You may not vote on this poll
Thinking of opening a used bike dealership
#21
I've been thinking of opening a used bike dealership that provides financing as I find in my own experience that new bike dealerships, especially HD are ripping off people and some people who could otherwise have no problem making a fair payment are not able to buy because finance rates through HD are too high. You think this is a good idea or are people too sleezy to trust, and you think I'll get ripped off having to chase my bikes all over the place to repo?
#23
#24
THE way to go
Without question, if you were serious, you should consider starting on EBAY. EBAY motors is the best, low overhead way to sell. I bought a bike that way, and from what i understand, so do many others. Low overhead, high margin.
- no showroom
- little advertising
- third party shipping
- world wide exposure
- making a profit is not in selling, its in buying. If you buy the bikes right, you can sell them and profit.
- must be dedicated to it. Put in the time to build credibility.
- Look into Harley auctions. You can find some late models at good buys.
think about it.
- no showroom
- little advertising
- third party shipping
- world wide exposure
- making a profit is not in selling, its in buying. If you buy the bikes right, you can sell them and profit.
- must be dedicated to it. Put in the time to build credibility.
- Look into Harley auctions. You can find some late models at good buys.
think about it.
#27
#28
Most banks won't finance a car that is over five years old. You would have find a lender that would do the financing, you could pick up inventory by paying a little more than could be gotten from an HD dealer and from consignment sales. Consignment sales are great because you don't pay for your inventory, you just take a percentage of the sale price. There are specialty lenders, like for muscle cars. I am pre-approved with a muscle car lender, they want ten % down and offer interest rates based on your credit. If you live in a large town you could do very well, IMO.
#29
Join Date: Oct 2007
Location: Western South Dakota
Posts: 55,909
Received 74,965 Likes
on
22,550 Posts
Don't buy your customer bikes; let them consign them.
Also don't just do bikes. Do ATV's, scooters, and jet ski's.
You could even do snow mobiles.
Many want to sell their used toys but don't want the hassle of doing it.
Charge a flat listing rate and then a commision to sell your customer's toys.
There's an outift where I live here in SD.
If you're interested PM me, I'll send you their link.
I had them sell my softail and they made $500 off of me.
I don't think it appropriate to adverstise for them here in this forum.
It took them 3 months to sell it, but they did.
Also don't just do bikes. Do ATV's, scooters, and jet ski's.
You could even do snow mobiles.
Many want to sell their used toys but don't want the hassle of doing it.
Charge a flat listing rate and then a commision to sell your customer's toys.
There's an outift where I live here in SD.
If you're interested PM me, I'll send you their link.
I had them sell my softail and they made $500 off of me.
I don't think it appropriate to adverstise for them here in this forum.
It took them 3 months to sell it, but they did.
#30