Hey everyone I love Forex but im bored looking at these charts all day! so I have come up with a business plan that will allow me to trade Forex and run another business at the same time. I am thinking of starting up a used Auto sales, with in house financing. below I will post some charts on how I see this vision (please honest opinions only) does this look like something that will make it I know this has nothing to do with forex but You here I consider my friends, I respect all of you here and your opinions very much so please tell me what you think.....
I have a dealership. It is not easy but definitely doable. The hardest thing will be to buy the cars at the right price. If you do that, selling them will be a piece of cake.
PS, take all of your estimates and cut them in half!
thank you League o' robots, do you think I am starting with enough capital for in house financing I plan to keep 10 or so vehicles on the lot at all times, with a budget to each car around 3k to 4k wholesale, I don't want new new stuff just vehicles to help the people in my city drive something decent with decent payments. I have many auctions within a 100 mile radius here so travel wont be to terrible, I also plan to gps my cars in the case there not making payments ill know were to go and pick it up.. the toughest thing that I am struggling with is a location!!!! this I guess is most important but knowing the right place is hard I have spent all week looking and driving I haven't made one single trade this week thus far.. but thanks for your post I like that you have a dealership, how long have you been in business? how many do you sell a month roughly? if you don't mind sharing thanks.