Car Dealerships Nissan Maxima SV in Altoona WI

Car Dealerships Nissan Maxima SV in Altoona WI

February 15, 2018
Posted by: solfa_admin

Blue Sky is the intrinsic value of an automobile dealership, over and above the value of its tangible assets. It is sometimes equated to the goodwill of a car dealership.

Most articles regarding the blue sky value of new car dealerships cite a multiple of earnings formula, such as three times earnings, four times earnings, and so forth. The idea that “blue-sky” can be determined by anything times anything is just plain wrong.

Even NADA the An Introduction To Used Car Dealers Nissan Maxima SV Altoona WI 54720 National Automobile Dealers Association in its publication entitled “A Dealer Guide to Valuing an Automobile Dealership, NADA June 1995, Revised July 2000 bemuses, in part, with respect to valuing a dealership by using a multiple of earnings: A Rule of Thumb valuation is more properly referred to as a “greater fool theory.” “It is not valuation theory, however.”

In its Update 2004, NADA omitted its reference to “fool”, but referred to the multiple formula as Nissan Maxima SV Altoona WI 54720 rarely based upon sound economic or valuation theory, and went on to state: “If you are a seller and the rule of thumb produces a high value, then this is not a matter of great concern. Go for it, and maybe someone will be stupid enough to pay you a very high value.”

A dealership’s blue sky is based upon what a buyer thinks it can produce in net profit. If potential buyers think it Car Dealerships: The Difference Between Pre-Owned and a Clunker Nissan Maxima SV Altoona WI 54720 cannot produce a profit, the store will not sell. If it can produce a profit, then variables such as desirability of location, the balance the brand will bring to other existing franchises owned, whether or not the factory will require facility upgrades, and so on and so forth, determine whether or not a buyer will buy that particular brand, in that particular location, at that particular time.

I have been consulting with dealers for nearly Nissan Maxima SV Altoona WI 54720 four decades and have participated in over 1,000 automotive transactions ranging from $100,000 to over $100,000,000 and have never seen the price of a dealership sale determined by any multiple of earnings unless and until all of the above factors have been considered and the buyer then decided he, she or it was willing to spend “x” times what the buyer thought the dealership would earn, in order to purchase the business opportunity.

To think Nissan Maxima SV Altoona WI 54720 otherwise would be to subscribe to the theories that (1) even though you think a dealership could make a million dollars, the store is worth zero blue sky because it made no money last year; and (2) if a store has been making $5 million per year you should pay say 3 times $5 million as blue sky even though you think you will not produce that kind of profit. Both propositions are absurd. Nissan Maxima SV Altoona WI 54720 If a buyer does not think a dealership is worth blue sky, then what he is really saying is that he sees no business opportunity in the purchase and therefore, in my opinion, he should not buy the store.

Each dealership is unique with respect to its potential, location, balance that its brand brings a dealer group, and condition of facility. The sale is also unique with respect to whether it is a forced liquidation, Nissan Maxima SV Altoona WI 54720 orderly liquidation, arms length, insider, or a case where an anxious buyer is trying to induce an unwilling seller. There are management factors to consider, length and term of leases, possibilities or non-possibilities of purchasing the facilities and whether or not the factory wants to relocate the store or to open a new store up the street.

In the car business it is impossible to pick a dealership or a franchise out of a hat, Nissan Maxima SV Altoona WI 54720 multiply its earnings by some mystical number and predict either what the dealership is worth, or what price it would sell for – and it doesn’t matter if you are talking about a Toyota, Honda, Ford, Chevrolet, Chrysler, Dodge, or any other dealership. At any given time one franchise might be considered more or less desirable than another, but they are all valued in the same manner.

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    Car Dealerships Nissan Maxima SV in Altoona WI

    February 15, 2018
    Posted by: solfa_admin

    When purchasing a vehicle, the first question a driver may find themselves asking is, “Should I get a new or used car?” Pre-owned auto purchases are more popular than ever, and rightfully so. Whether this is your first or your fifth auto purchase, the question will always come up. Going with a pre-owned auto has a number of benefits and advantages.

    Lower Cost

    The Car Dealerships in the Strangest Places Nissan Maxima SV Altoona WI 54720 most obvious benefit of purchasing a pre-owned vehicle is the reduced cost. As of 2015, shoppers saved on average $10,000 by purchasing a pre-owned vehicle as opposed to its factory-fresh counterpart. When purchasing from a reputable car dealership, these savings are much more appealing, as the vehicle is fully inspected, and warranty and repair guarantees are available. Knowing that you are not Nissan Maxima SV Altoona WI 54720 getting a clunker is an important consideration of the pre-owned car-buying process, but when it is done right, the savings are especially difficult to pass up.

    Low Commitment

    Savings are important, but so are options. A drawback of purchasing a new auto is that the value depreciates by roughly 40% the second you drive off the lot. If you realize soon down the road Used Car Dealerships Nissan Maxima SV Altoona WI 54720 that you are not in love with your new purchase, you’re either stuck with it or going to have to take a substantial loss on the re-sell. With a pre-owned vehicle, this is not the case. If you don’t break even, you can at least expect to sell for very close to what you spent on the car, assuming it is in Nissan Maxima SV Altoona WI 54720 the same condition. This is appealing to anyone who likes variety and wants to retain the possibility of trading in for a new auto without paying an arm and a leg.

    Wider Variety

    In addition, pre-owned car shopping offers more variety. Instead of only having the recent catalog to select from in the new auto market, purchasing a pre-owned vehicle opens the door to Nissan Maxima SV Altoona WI 54720 a much wider selection. Today, it is not uncommon to find autos dating back as early as the 70s waiting for you on a car dealership’s lot. If you are looking for a classic, a used vehicle can help make that a reality.

    Drawbacks

    While these reasons may be appealing, it is important to remember the trade-off. A new vehicle offers more guarantees in Nissan Maxima SV Altoona WI 54720 terms of quality. Since you will be the first driver behind the wheel, there is less of a chance for something to already be wrong with your car, as well as a reduced risk of necessary repairs in the near future. If something does go wrong, a new auto is going to offer better warranties for repairs and replacements. You will also Nissan Maxima SV Altoona WI 54720 benefit from better and more advanced parts and materials in your auto, reflecting modern safety regulations and the latest technology of the time.

    It may not be an easy decision, but the choice to buy a pre-owned or new vehicle is one you will be faced with when you arrive at a car dealership. If savings and variety are what you are looking Nissan Maxima SV Altoona WI 54720 for, taking the second-hand route is for you!

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    Car Dealerships Nissan Maxima SV in Altoona WI

    February 15, 2018
    Posted by: solfa_admin

    When you go to purchase a new vehicle, you have several options. You can purchase online or even from a private seller. However, you should not discredit used car dealerships. Many have gotten a bad reputation in the past, but there are still many benefits of working directly with a dealer.

    Mechanical Concerns

    The average driver does not fully understand the inner workings of their vehicle’s motor. Five Reasons to Buy a Vehicle At a Car Dealership Nissan Maxima SV Altoona WI 54720 When it comes time to buy a different automobile, it is scary to think you may be purchasing something with issues and you would be responsible for fixing it. By purchasing your next automobile from a used car dealership, you get some peace of mind. Their mechanics have already inspected the motor. The service technicians correct any deficiencies they find before putting it on the Nissan Maxima SV Altoona WI 54720 lot for sale.

    Depending on the lot, you may get a limited dealer warranty to help protect you against any issues their mechanics may have missed. Of course, to ensure that the auto is in good working order, you should request to see any maintenance documents pertaining to the automobile.

    Financing

    If you choose to do business with a private seller, you are responsible for financing the vehicle. Why Car Dealerships Are A Good Thing Nissan Maxima SV Altoona WI 54720 A private individual is going to want the purchase price in full before turning over the title and keys. Unless you have the cash on hand, you are going to have to find a bank that will loan you the money. Finding the best rate takes a lot of research. Then you have to fill out all the paperwork yourself and get it to the Nissan Maxima SV Altoona WI 54720 finance company before they will release the funds.

    When you work with dealers, they have finance departments that do the hard work for you. They handle all of the paperwork and can find the best rates for your loan. They work hard to get you instant approval so you can leave with the automobile immediately. They work with lenders to obtain a loan for your purchase Nissan Maxima SV Altoona WI 54720 when you may not have been able to on your own.

    Paperwork

    In order to get a license on your vehicle, you have to prove that it belongs to you. That means you have to have paperwork showing that you purchased the car and you have the original title to have it changed into your name. Additionally, if you have a loan on the automobile, you need Nissan Maxima SV Altoona WI 54720 that information to present to the DMV. With a private seller, you and the seller have to make sure all the paperwork is completed. The seller signs the title over to you and he or she will have to give you some document showing the sale.

    Used car dealerships take care of most of the paperwork for you. They fill out all documents necessary for you Nissan Maxima SV Altoona WI 54720 to get the title and license for the auto. You may still have to go to the DMV to turn in the forms; however, it will save you time and hassle.

    In time, you will have to replace the car you currently drive. Even if you have had problems in the past, you should still visit used car dealerships to purchase your next vehicle. They save Nissan Maxima SV Altoona WI 54720 you time and hassle while giving you peace of mind in your purchase.

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