CAR BROKING: A GREAT BUSINESS OPPORTUNITY YOU MIGHT NOT HAVE HEARD OF BEFORE…
Let's start with the basics. What's pretty obvious is that every vehicle sold by the motor trade has to be replaced! Let's look at it another way - and look at your own life. How many cars have you owned since you passed your driving test? At least 5, 6, 8, maybe more?
In fact, according to the U.K. Commission for Integrated Transport’s Buchanan Report, we actually own our cars for an average of 4-5 years, making it 10-12 cars during your lifetime. A huge turnover of vehicles and…
THE USED VEHICLE MARKET IS WHERE THE MOTOR TRADE MAKES ITS REAL PROFITS
Contrary to popular belief, the profits dealers make in the 'new car' market are paper thin and are typically as low as 2% or 3% on new car sales but can be anywhere between 5% and 10% on used car sales. Which is why top franchised dealerships are constantly seeking to buy what are known in the industry as late pre-used vehicles for their showrooms. In layman's terms, good-quality, relatively new second-hand cars.
Don't just take our word for it though... The market for used cars continues to grow and many dealers have found that stock levels have not matched the 'run rate' on retail demand and have to continually look for new stock. Particularly good quality used cars.
The dealers can't get enough of them because they're their key to profitability. You only need to check out the "Cars Wanted" sections for quality cars in newspapers, car magazines or online. There are just loads of them.
In fact, there are thousands and thousands of used cars out there every day waiting to be sold by private owners, (with these owners often frustrated at not being able to find a private buyer), and thousands of dealers throughout the country who are desperate to source cars every day to fulfil their business sales targets, as good-quality second-hand / used cars are their 'bread and butter'.
How do dealers find cars to sell? You might think it's only the big car dealership chains who make all the money when cars are bought and sold. But nothing could be further from the truth.
Just remember, dealers are always in need of stock, and they usually get this from three principle sources:
1) Auctions, 2) Trade In's, or 3) Other Dealers
But if they can find someone who can source them good quality used cars of the right specification, colour, mileage, owners, condition etc that will sell well off their forecourts, then they will be happy to pay you a good commission to help them obtain these.
As a result, car broking has become a proven vehicle sourcing business opportunity, with brokers identifying and sourcing cars from private individuals looking to sell, and then finding buyers for these vehicles either within the motor trade, or to other individuals.
The opportunities for earning good commissions from car broking are only limited by your own ambition. But like anything worthwhile in life, you've got to know what you’re doing, or you could miss out on some good potential commissions.
SO HOW DO YOU SOURCE THE RIGHT SORT OF CARS TO DEAL IN?
You need to know how and where to find the the 'right' cars to source and get involved with, what are the 'right' cars to look for in each deal, who are the 'right' sellers to look for, who are the 'right' buyers to look for - and then see how and what you should be doing to take advantage of these opportunities in order to maximise your commissions.
Now there's a way you can also get involved in car broking – with minimal set-up costs. And that's where the comprehensive 'Car Broker Business Package' can help you...
"Becoming A Car Broker – Your Route To Success"
You can be up and running, and doing business quickly, because the Car Broker Business Package is based on our success in the vehicle sourcing sector and it provides everything you need to know about how to start and run your own car broking business, what markets to go for, how not to 'stretch yourself', how to find and work with sellers and buyers, how to close deals, and last but not least, how you get paid for each and every deal you make - regardless of whether you’re doing this part-time or full-time..
And all of this with little financial risk on your part, because you're not actually buying or selling any cars yourself, and (of course) more often than not, you don't have to travel around the country to see many of the cars you're brokering.
This is NOT about dealing with old 'bangers'. This is an opportunity to broker buyer/seller deals for high-quality used cars - typically 1 to 7 years old, and typically in a price range of anywhere between £15K and £80K. But they can be newer or older, or maybe even 'classics', and often with a higher value, and sometimes much, much higher! It's about you tracking down and 'sniffing out' the really good deals and opportunities.
But before we talk about the benefits of car broking, let's just revisit the whole concept, and explain how this all works…