Car Dealerships Nissan Maxima SV in Jim Falls WI

Car Dealerships Nissan Maxima SV in Jim Falls WI

February 15, 2018
Posted by: solfa_admin

If you have ever gone on a hunt for a new car you will most likely have gone to a number of car dealerships. These are actually a great invention and here is why dealerships are so great.

The first reason is that you can get a number of options with regards to the kind of cars you can buy. This Is Now the Right Time to Buy a Car Dealership? Nissan Maxima SV Jim Falls WI 54748 means that you can go to one place and find the vehicle you are looking for instead of having to go to a number of people’s houses to see if they may have a car that would suit both your pocket and your needs. This makes finding the right car a lot easier and a lot faster since there is Nissan Maxima SV Jim Falls WI 54748 a lot less travelling involved.

The next reason is that the sale is formalised. This means that you are sure of getting what you pay for. It is very easy for a private seller to take advantage of a person who does not know anything about cars. A car dealership is generally forced to have all their cars assessed by the Why Car Dealerships Are A Good Thing Nissan Maxima SV Jim Falls WI 54748 Automobile Association. This means that the vehicles that you find at reputable dealerships will be exactly what they are sold as being.

Getting finance is easier at car dealerships. The car dealerships will have contacts with the relevant loans companies and banks and will be able to help you to get a loan to buy the car that you end up Nissan Maxima SV Jim Falls WI 54748 wanting to buy. This means that you do not have to try and get a loan on your own, it is all taken care of for you.

The general concept of dealerships is that they formalise the buying and selling of cars. They will be able to tell you the true market value of your car and what you can realistically Nissan Maxima SV Jim Falls WI 54748 expect to sell it for if you are going to sell it privately and what they will offer you for the exact same car. One dealership will offer you pretty much the exact same for your car as another car dealership is going to offer you. This means that you do not have to go hunting around car dealerships trying Nissan Maxima SV Jim Falls WI 54748 to get a better trade in value for your car.

The moral of the story is that if you are looking to either sell a vehicle quickly or buy a car then car dealerships are going to be your best bet. If you go to a reputable car dealership you are in safe hands. They will be able to help you Nissan Maxima SV Jim Falls WI 54748 arrange financing for the purchase of the vehicle you want to buy, some of them may even be able to help you arrange insurance for your new car. You can also be sure that the car you get from an honest car dealership is going to be checked by the Automobile Association which means that it is going to be Nissan Maxima SV Jim Falls WI 54748 road worthy and safe to drive as the AA will not pass nay car that is not safe to drive and road worthy.

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    Car Dealerships Nissan Maxima SV in Jim Falls WI

    February 15, 2018
    Posted by: solfa_admin

    Many people are not familiar with Buy Here Pay Here Car Dealerships until they have a need for them. The point of this article is to shed some light on the way that the BHPH car lot and auto dealer operates and how they differ from the standard automobile dealer. I will give you a look inside the BHPH business model Used Car Dealerships Nissan Maxima SV Jim Falls WI 54748 and how they sell, finance, acquire and secure automobiles.

    To give you some background the primary focus of the Buy-Here Pay-Here car dealer is to sell and finance vehicles for people that have bad credit and are unable to buy and finance automobiles through traditional dealers and lenders. They do this by selling used vehicles and financing them in-house or through the Nissan Maxima SV Jim Falls WI 54748 selling dealer. They don’t use banks, finance companies or third party lenders. Their customers buy the car and make the weekly payments at the same place, hence Buy Here Pay Here.

    Setting-Up the Buy Here Pay Here Car Dealership

    Some BHPH car dealerships are small corner lots that set up business in and old gas station or an auto repair facility as long Car Dealers’ Sales Tricks Nissan Maxima SV Jim Falls WI 54748 as they have an office, a couple of bays where they can work on or prepare cars for sale on the lot and an area where they can display their vehicles that are for sale. On the other end of the spectrum you will find that some new car dealers set-up a Buy Here Pay Here division in addition to their Nissan Maxima SV Jim Falls WI 54748 regular car sales business to accommodate customers that will not qualify for an auto loan through their normal lenders. So you can see that BHPH car dealers can come in all shapes and sizes.

    Inventory for the BHPH Car Dealership

    The small to mid-size BHPH car dealer is always on the lookout for vehicles to sell on their lot. They go to auctions Nissan Maxima SV Jim Falls WI 54748 to buy cars, buy cars from private party sellers and they also buy cars from new car dealers that were trade-ins. They are very particular about the cars they buy because they have to pay cash and they need dozens of cars to stock their lot and attract customers with a good selection.

    The new car dealers that have a Buy Here Nissan Maxima SV Jim Falls WI 54748 Pay Here Department usually sell their quality trade-ins in their BHPH Division. It makes good sense to sell their trades with in-house financing because they have a steady source of used vehicles at their disposal and they can avoid buying cars from the auction which is a very time intensive activity to find quality cars.

    No matter where they get their vehicles Nissan Maxima SV Jim Falls WI 54748 they are very careful to make sure they only offer sound and dependable automobiles because they will be financing their customer’s purchases. If they were to sell junkers and beaters to their customer they stand a chance of the buyers not making their payments. Then if the customers don’t pay they will have to repossess the cars and then they are Nissan Maxima SV Jim Falls WI 54748 stuck with vehicles that are unsellable because they are junk. So you can see why they are very particular about the cars that they sell and finance at their Buy-Here Pay-Here car dealership.

    The Process at the Buy Here Pay Here Car Dealer

    The first step of the car buying process at the buy here pay here auto dealer is to see if Nissan Maxima SV Jim Falls WI 54748 the buyer can qualify for in house financing. Some dealers pull the consumers credit report and some don’t, one of the main concerns is the income and the stability of that income of the buyer along with where they live. The BHPH car lot owner is looking for a person that has an income that can service the auto loan weekly Nissan Maxima SV Jim Falls WI 54748 or biweekly and how long they have been on their job. These aspects are often more important than prior repossessions or bankruptcies.

    Once they qualify for in house financing they discuss terms of the auto loan including the down payment, number of payments, the interest rate and when and where the car payments are to be made along with the form of Nissan Maxima SV Jim Falls WI 54748 payment which could be cash or checking account debit. The price is important, but the customer is usually more concerned with the payment.

    Vehicle Selection at Buy Here Pay Here Lots

    Then it is time for the customer to select a vehicle from the dealer’s lot. They are given a list of the vehicles that they are qualified to buy and finance and Nissan Maxima SV Jim Falls WI 54748 they choose their vehicle of choice. Yes, that is different from your traditional car dealer, but things are done differently at the buy here pay here auto dealer. Some people say that the car is overpriced, but you need to remember that the BHPH dealer is about to finance a customer with very bad credit and a small down payment.

    The Buy Nissan Maxima SV Jim Falls WI 54748 Here Pay Here dealer is playing the odds and hoping the buyer will make the payments as agreed, but a certain percent of all the sales will have to be repossessed after the buyer has run the car into the ground. The car buyer with bad credit knows that they will be paying a high price for the car and an Nissan Maxima SV Jim Falls WI 54748 interest rate that is high to compensate the dealer for the high risk and the expenses they will have to absorb when they repossess vehicles.

    Buy Here Pay Here Car Dealer Paperwork and Conditions

    Preparing and signing the paperwork is done in the dealer’s office which is a contract between the buyer and the dealer. The documents are all legal and conform to Nissan Maxima SV Jim Falls WI 54748 regulations that are set by the state when the car is being purchased and financed. The terms and conditions are set by the dealer and the buyer must conform to all those conditions or they are violating a legal agreement. The last thing you want to do is be late with your payment because the car can be repossessed the following Nissan Maxima SV Jim Falls WI 54748 day. Grace periods for late payments are rare and the BHPH car dealer is within their rights to seize the vehicle one day after the payment is late. You might say there is a zero tolerance policy when it comes to enforcing the terms and conditions of the contract between dealer and buyer.

    BHPH Auto Dealer Bad Deals, Repos and Mistakes

    Even the Nissan Maxima SV Jim Falls WI 54748 best run dealers are certain to make bad deals, mistakes and have to repossess vehicles. They are careful to do everything they can to avoid problems, but it still happens. If they have to repossess a car they have to hire a recovery firm which can cost several hundred dollars and then they need to do something with the car. Very Nissan Maxima SV Jim Falls WI 54748 often the car has been in an accident or been run hard and put away wet which makes the car worthless and ready for the scrap yard. It is very rare that a repossessed car comes back in good shape. The Buy Here Pay Here Car Dealers takes it on the chin and loses money, but hopefully learns a lesson when Nissan Maxima SV Jim Falls WI 54748 it comes to qualifying buyers.

    Buying a car from a BHPH car dealerships is different than doing business with the traditional dealer in several ways, but it is a second chance or maybe the last chance for the car buyer with bad credit. Some of the policies and terms may seem unfair, but even the small dealer can have Nissan Maxima SV Jim Falls WI 54748 hundreds of thousands of dollars tied up in inventory and finance agreements. They are putting themselves on the line to help the car buyer that needs a car, but has a history of spotty credit. It’s just business.

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    Car Dealerships Nissan Maxima SV in Jim Falls WI

    February 15, 2018
    Posted by: solfa_admin

    There is never a wrong time to buy a car dealership, only a wrong way to buy one.

    In 2009 there have been dealerships (both domestic and import) that have made over half a million dollars in one month, yet the majority of the pundits said that 2009 was not the time to buy a dealership.

    Remember “If you wait for perfect conditions, you will never get anything done.” Ecclesiastes 11:4. It is not the “conditions” Five Reasons to Buy a Vehicle At a Car Dealership Nissan Maxima SV Jim Falls WI 54748 that count; it is your “analysis.” The fact is that most car dealerships that closed in 2009 were bought or established during what the pundits now describe as “the good times.” The times when owners and the experts lamented were “the right times” to buy and build.

    Case in point: In 2008 Automotive News ran a front page story on a fellow that was building a Toyota dealership on the freeway, across from the Oakland Nissan Maxima SV Jim Falls WI 54748 Coliseum — a $35 million store, with five floors and a four-story glass showroom. The experts proclaimed about the dealer “… has a broader vision about the relationship between real estate and car dealers than you would ordinarily find.”

    On February 24, 2009 The Oakland Tribune reported: “New Toyota dealership in Oakland closes”. In that article the dealership’s customer relations manager lamented: “I’m kind of in a state of shock because we thought we had Car Dealers’ Sales Tricks Nissan Maxima SV Jim Falls WI 54748 such a bright and opportunistic future here, and with this, it just leaves an empty taste… ”

    When one analyzes that situation, the dealership was supposed to fail.

    For a plethora of reasons, not the least of which was the store’s rent factor, the dealership’s success would have been contrary to the laws of nature. Analyzing that situation, however, is left for another article. For this article, the object lesson learned is: Even though the factory Nissan Maxima SV Jim Falls WI 54748 approves a transaction, the lenders finance it and the trade publications applaud it, those endorsements provide no guarantee a dealership is going to succeed. Having said that, there are many buyers who will still believe those endorsements mean success.

    With the epidemic of lawsuits today, factories and lenders cannot give business advice because if the dealership did not succeed, it is the factories and lenders that will get sued. Consequently, one must rely on oneself Nissan Maxima SV Jim Falls WI 54748 and advisers that are not afraid to contradict the boss.

    As an aside, be careful not to associate with habitual “deal-breakers.” Some advisers are perpetual naysayers because advisers do not get sued for telling a client not to do a deal. They only get sued when a client gets into a deal that goes sour because it is never the client’s fault. It is the bank, the factory, the accountant, the lawyer, the business advisor Nissan Maxima SV Jim Falls WI 54748 (anyone other than the client) that is to blame.

    The bottom-line is that there are two critical factors in buying an automobile dealership that will help ensure success for the long term: (1) How it is bought; and (2) How it is managed.

    Each factor has a story, but those are the two keys. How the dealership is bought and how it is run will determine its long-term success or failure. We say “long-term” because car Nissan Maxima SV Jim Falls WI 54748 dealerships provide enough cash-flow that some deals could take five years to fold.

    Buying a Car Dealership

    What is the right way to buy a car dealership in bad economic times?

    In the “good times,” buyers were paying premiums for dealerships, based upon brand names, pretty buildings, nice locations, and so forth. The fact is, in good times or bad, dealerships should be valued in the same manner: by how much the buyer expects to earn after Nissan Maxima SV Jim Falls WI 54748 the purchase. In other words, upon expected ROI (return on investment) — not the brand, or the building, or the location.

    Determining what a store can earn after its purchase encompasses more than math. Regardless of how often the “multiple of earnings theory” has been proved wrong, members and associates of the trade still perpetuate the myth that the purchase of a car dealership can be that effortless.

    As a natural consequence of the ROI method, Nissan Maxima SV Jim Falls WI 54748 purchase prices will fluctuate because one would tend to expect to make more during “good” times, versus “bad.” Therefore, when one states that the values for blue sky or goodwill are dropping, their statement has nothing to do with the “value” of the dealership. Furthermore, there is no information in the foregoing statement to help one decide a reasonable value to pay for a dealership. Rules of thumb are only guides. Guides are good Nissan Maxima SV Jim Falls WI 54748 servants, but bad masters.

    If a dealer is going under and throws a prospective purchaser the keys to the building and says: “It’s yours. I just want out.” That act does not make the dealership worth more or less. The questions a buyer must ask are– (a)” what is it going to cost me to open the doors?” and (b) “what do I think I will earn after I own the store?” In other words: Nissan Maxima SV Jim Falls WI 54748 “What is my expected return on the investment?”

    At one time there was a dealer group in Colorado that presented an offer for the existing dealer to pay them (the buyer) $2,000,000 for them to take-over the stores. The offer was based upon projections of what the stores would lose while buyer tried to turn them around. The seller refused and ended-up losing several million more before the stores closed. The dealerships properties were eventually Nissan Maxima SV Jim Falls WI 54748 sold to a church.

    A good checklist for valuing car dealerships can be found in IRS Revenue Ruling 59-60, published by the Internal Revenue Service in 1959. While the ruling (59-60) was intended to outline and review in general the approach, methods and factors to be considered in valuing shares of the capital stock of closely held corporations for estate tax and gift tax purposes, the methods discussed are applicable to valuing an automobile dealership Nissan Maxima SV Jim Falls WI 54748 and valuing blue sky in an asset sale simply by backing-out the amount of the stock valuation attributable to goodwill/blue sky.

    The Five Biggest Mistakes Buyers of Automobile Dealerships Make:

    1. Thinking that when they verify earnings they have completed a major task. The truth is, what the seller made or lost does not matter. A plethora of details and formulas need to be applied to determine what the new owner can net. What rent Nissan Maxima SV Jim Falls WI 54748 factor PNUR can the store afford? Do those numbers correlate to the percentage of gross requirements?

    2. Overestimating vehicle sales projections. The first question is: “What can the new owner realistically retail?” We have seen too many dealerships that went under because the buyer could not accurately predict potential sales. On more than one occasion we have seen factories and lenders approve dealerships where the prospective purchasers projected sales volumes that exceeded the volume of Nissan Maxima SV Jim Falls WI 54748 the area’s historical sales leaders.

    3. Famous buyers thinking their names alone can turn-around dealerships or sell cars. We can name more unsuccessful, former car dealers that are famous, than successful car dealers that are famous. We have one photo that depicts a famous athlete getting a business award from the President of the United States. He went to the White House and received the award the year before the factory closed his stores. Either Nissan Maxima SV Jim Falls WI 54748 nobody saw it coming, or nobody cared.

    4. Thinking that buying a store at a low or zero multiple of earnings means they got a bargain. The biggest misconception of a bargain is when the factory awards a new point. Most people think they got something for nothing. They really did not. The ones that do succeed, however, usually succeed because of the timing and the location — not because of the dealer.

    The fact is, Nissan Maxima SV Jim Falls WI 54748 it takes about a year to build the service department of a new point, yet the dealer must capitalize the store as though it were already operating on 8-cylinders. In many instances, a new point suffers through months of losses until, if ever, it finally becomes a successful store. Those losses are “blue sky.” In other instances, it is the second owner that makes a go of it and in some instances, such as Nissan Maxima SV Jim Falls WI 54748 the Englewood store mentioned above, the point goes away.

    The savvy purchaser understands there is a value to buying a dealership that has its number is in the phone book, a loyal service base and repeat customers. The main value is that the day after the store is sold there are people lined-up for service, people buying parts and customers coming back to the store. That is worth a bonus (blue sky) to the owner Nissan Maxima SV Jim Falls WI 54748 even if the store has been losing money.

    5. Thinking there is some “magic” formula that will make a store successful. The only formula that will work most of the time is a mixture of hard work and knowledge of the retail automotive business. Each of those words is an operative word: “retail” and “automotive.” Knowledge of another business is not enough.

    One last bit of advice to rookies. When making changes in the retail automotive Nissan Maxima SV Jim Falls WI 54748 business act swiftly. Erasers are made because people make mistakes. We have yet to meet the person who has never used one, although in today’s world one might substitute the word “eraser” with “backspace” or “delete. When a mistake is made, the trick is to analyze, decide and act quickly. Do not hesitate to correct errors and bad decisions.

    That advice has been around for thousands of years, both in the proverbs one learns as Nissan Maxima SV Jim Falls WI 54748 a child (such as “A stitch in time, saves nine” and “He who hesitates is lost,” and so forth), and in Ecclesiastes 12:12 “But, my son, be warned — there is no end of opinions ready to be expressed. Studying them can go on forever and become very exhausting!”

    In summation, do not hesitate to buy a car dealership in a bad economy, just buy it correctly. Read the articles referred to above and act Nissan Maxima SV Jim Falls WI 54748 upon them.

    “A dealership should be bought for one reason and one reason only — to make money. It should not be bought because it is close to home, because the buyer likes the franchise, because a partner wants to provide a job for a relative or, because the building is attractive. A dealership is purchased to make money and, in order to make money, it has to be “bought right”. A Practical Guide to Nissan Maxima SV Jim Falls WI 54748 Buying and Selling Automobile Dealerships, National Legal Publishing Co. (1989), at page 2-4.

    That was written twenty years ago. It was true then and it is true today.

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    Used 2015 Toyota Corolla
    Mileage
    22201 mi
    Fuel type
    Gasoline
    Distance
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    4
    Used 2013 Nissan Maxima
    Mileage
    34308 mi
    Fuel type
    Gasoline
    Distance
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