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shakalaka
08-26-2020, 08:48 PM
I am not even joking. Considering the amount of cars I go through, I sometimes think that I should get into the automotive business somehow. Something like what Kulu, or August Motor Cars in Kelowna has built up. Not only would you be making money so the wive's can't be pissed, you'd be driving sick ass cars every day. Would be literally my dream career.

I've floated the idea by some friends last year and it started little traction but then I impulsively decided to build a 7 figure home and that brought everything to stop. If someone else is thinking how I am thinking and feel there's potential, hit me up. An operation such as this would need at least a few investors/partners I feel.

PS: The idea is back awake in my head now after I discovered this local Edmonton guy who owns a Huracan, i8, Range Rover and a McLaren of some kind and have had them for a while now. But now suddenly he has a high-end automotive repair shop and an exotic car rental company where he rents out his own exotics. Just reminded me of one true but neglected dream once again to be involved in an automotive business.

Buster
08-26-2020, 08:56 PM
sounds like a good way to turn millions of dollars into thousands of dollars.

shakalaka
08-26-2020, 09:16 PM
Really though, you think so?

How is then that places like Kulu, Avangarde, August, House of Cars, and lot of cheaters even like that father and son team with tons of GTR's keep raking big bucks? Then on Netflix if you watch massive dealerships doing crazy good and families like Dilawri etc. Must be a reason - I am sure if done right it must be able to churn something.

Buster
08-26-2020, 09:22 PM
I was just joking.

I think it's possible to pull a Kulu, but hard. It's different than just liking cars and a business like that would take a ton of networks and connections. The repair shop is probably okay, but I know nothing about that. Renting is crazy hard to make money at.

shakalaka
08-26-2020, 09:31 PM
I feel the network and connections you expand on once you're in the industry. You need some capital to begin with then maybe a floor loan but essentially getting started would be the hardest part. Frick...I gotta do something about this. I can't be the only car guy that thinks about this so the others that do need to step up lol

Buster
08-26-2020, 09:36 PM
Wouldn't you rather just make more money to buy more cars?

shakalaka
08-26-2020, 09:43 PM
Once it gets to that point I think it would just make the money for you and you semi-retire. I plan to semi-retire by 50 (part of a reason for the whole personal toys splurge) and the way I think I can do right now is have my own law firm that's doing well and have junior associates that are doing the billing and giving me percentage and then I myself can be picky with what I wanna do and how much I wanna do. That's sort of the same idea I think is doable up with the Auto Shop. I mean really the goal is to make money when I am on a holiday, sleeping and not in court. So in short basically not only are you enjoying the shit outta nice cars, you're making money while doing it.

Oh and if this isn't clear, it would be a side venture for me. I wouldn't replace my law career with just that.

benyl
08-26-2020, 09:54 PM
Pretty sure that for the longest time, Kulu only drove the cheapest car on his lot. You don’t mile out the merch.

nismodrifter
08-26-2020, 11:09 PM
Kulu started moving cars in the 90s. That magic didn't happen overnight.

max_boost
08-26-2020, 11:10 PM
Wouldn't you rather just make more money to buy more cars?

:werd:

vengie
08-26-2020, 11:12 PM
Most of those big shops make all of their money on financing/ leasing than they do on the cars themselves.
If you want big money, get into the lending game.

BavarianBeast
08-27-2020, 12:50 AM
Don’t buy cars that are easy to get ahold of and you shouldn’t lose much money on them or you could even make money if your lucky or smart with purchases. 4 of the cars in my current fleet I’ll likely make money on because I was patient or extremely diligent in what I was buying. One will even return me over 300% and it climbs every year. The used car game is easy to make money if you really want to put effort and time into it.

99% of dealers get financing from a third party, so not much money there either. Nobody is financing cars at 15%+ (hopefully?) and it’s easy to shark out money to some developers at that rate :rofl:

bjstare
08-27-2020, 07:46 AM
I feel the network and connections you expand on once you're in the industry. You need some capital to begin with then maybe a floor loan but essentially getting started would be the hardest part. Frick...I gotta do something about this. I can't be the only car guy that thinks about this so the others that do need to step up lol

This is definitely feasible, I’d love to do something like this. There’s two things that don’t work with your plan though.

1. As mentioned, you won’t be driving any of the fun cars. Not if you want to stay profitable.

2. Calgary or Edmonton isn’t the place for this. We have a couple dealerships like this already, and my money says that’s all our market can handle. Need to go somewhere warmer with a higher population of people with deep pockets IMO. Problem with this is you need to build a network from the ground up, can’t leverage any existing AB based relationships.

Disoblige
08-27-2020, 09:13 AM
I got a better idea.

Open up a car wash, ask kenny and/or rage2 if it's ok to call it "Beyond Car Wash" or something and use the exact color scheme and fonts.
Build a reputable car connection over the next few years (while giving Beyond members discounts of course :bigpimp:) and then open up that car shop as you'd already be known by hundreds of people in the local car scene by face.

In 5-6 years (hopefully when economy will be in better shape than now), Beyond would be known as a small car forum that added a local car wash, and then auto shop. Then in 10+ years, Beyond Car Wash is franchised to rest of Canada and all stakeholders can retire with Raptors, Trackhawks, Aston's, and Honda Fits in their 6 car garage w/ lift.

killramos
08-27-2020, 09:20 AM
I guess the big thing is to think about what you bring to the high end car brokerage market that doesn’t exist.

You willing to be more aggressive on margins than kulu? You have access to cheaper capital than him? Better connections to buyers and sellers? Better connections to detailers and repairs? Do you know the cars better than him and can arb opportunities he misses? More free time than on your hands than him?

I’d you don’t have some kind of edge I don’t see how you have a hope of competing.

shakalaka
08-27-2020, 09:21 AM
Definitely good points there. As I am typing this, I am sitting at a shop called Oraizen Automotive as I need wheel alignment. This is the guy I mentioned above that just seemed to have money and a few fancy cars who has started the shop. Pretty cool shop with simulators and nice waiting area etc. I think it's super cool when your hobby or passion can make you money like that. There's his own Huracan in here right now which is all modded up, there is a modded GTS, Gallardo, couple of pick up trucks, modded Mustang, modded GTR sitting here that are I am guessing are cars here to get work done.

Calgary or Edmonton is definitely not the best market but it's where we live so not like we can just up and move to Miami or some shit - as nice as it would be. And for driving the cars, I mean if there's enough decent ones in your fleet, I don't really see a big deal with putting a few 100 km's on them here and there. I wouldn't do massive road trips or anything like that - I didn't even do that on my Aston. And as all Ferrari owners know, you gotta keep the mileage low to avoid depreciation anyway.

I wouldn't drop everything in it and go all in, I think it would be something you start slowly (not necessarily have a massive showroom right off the bat or have massive overheads) and build up as your clientele builds up. I mean much like the law practice - when I first started no one knew shit about me or anything and you just slowly build up your clientele. There's tons of lawyers out there but the clients that like you or are loyal to you, always want you to assist. This would sort of be the same setup I think. So I don't think competition is anything to be worried about - there are always going to be multiple operations that do the same thing, ultimately, it's how you run the place and what you offer to the people. I mean with technological advances and app based services these days, you can always add some cool twist to the place. Go on the app, pick the car you're interested in and we bring it to you for a test drive? I mean I don't know obviously not like I've sat down and crafted the exact business model on it but it's always something that's in the back of my head.

My problem is I am way too busy and I couldn't just quit my main career to go into it completely, especially when I am trying to figure out venturing out on my own and having my own law firm. So the operation would definitely need a partner than can be full hands on at least in the beginning. Hell I've contemplating getting a dealer license just for my own personal cars due to the frequency of change but since I've decided to slow down on that, I dropped that idea. lol.

I am not thinking of this as a quick get rich scheme where you're rich overnight, it would take time and effort and build up organically. I mean yea, it's just a pipe dream anyway, who knows if I will ever act on it but man would it ever be cool to be doing well while you absolutely love what you do. All I know is that I want a couple of revenue sources and just the law practice isn't gonna cut it for me cause I don't wanna live the rest of my life in constant stress. Haha.

pheoxs
08-27-2020, 09:26 AM
Definitely good points there. As I am typing this, I am sitting at a shop called Oraizen Automotive as I need wheel alignment. This is the guy I mentioned above that just seemed to have money and a few fancy cars who has started the shop. Pretty cool shop with simulators and nice waiting area etc. I think it's super cool when your hobby or passion can make you money like that. There's his own Huracan in here right now which is all modded up, there is a modded GTS, Gallardo, couple of pick up trucks, modded Mustang, modded GTR sitting here that are I am guessing are cars here to get work done.

Calgary or Edmonton is definitely not the best market but it's where we live so not like we can just up and move to Miami or some shit - as nice as it would be. And for driving the cars, I mean if there's enough decent ones in your fleet, I don't really see a big deal with putting a few 100 km's on them here and there. I wouldn't do massive road trips or anything like that - I didn't even do that on my Aston. And as all Ferrari owners know, you gotta keep the mileage low to avoid depreciation anyway.

I wouldn't drop everything in it and go all in, I think it would be something you start slowly (not necessarily have a massive showroom right off the bat or have massive overheads) and build up as your clientele builds up. I mean much like the law practice - when I first started no one knew shit about me or anything and you just slowly build up your clientele. There's tons of lawyers out there but the ones that like you or are loyal to you, always want you to assist. This would sort of be the same setup I think.

I am not thinking of this as a quick get rich scheme where you're rich overnight, it would take time and effort and build up organically. I mean yea, it's just a pipe dream anyway, who knows if I will ever act on it but man would it ever be cool to be doing well while you absolutely love what you do.

Canada-wise I think Alberta might be the best place for it. You have a high average income (downturn aside) which means you have people with chunks of disposable income but not necessarily huge amounts of wealth that can afford their own cars. (Such as Vancouver and 'family money'). Could possibly work for special occasions but you'd have to figure out a way to protect your vehicles. Some kind of GPS tracking /w data logging to make sure they aren't just redlining the cars and beating them up.

Though I imagine it's more of a hobby business than going to make you wealthy. Though there might be some advantages on the tax side by going this route? Or maybe those other businesses are just fronts for other things :)

Some kind of Banff touring package would be ideal (If you were in Calgary, Jasper might be a bit too far from Edmonton). Book a once a month time with slots for however many cars you have. The whole group drives out there and does a nice scenic loop and back. You (or a minion) could lead so you know people aren't going nuts. People can flip flop cars on the way if they'd like.

ercchry
08-27-2020, 09:29 AM
You need access to low mile, special cars at wholesale prices... so you need access to a large enough client base that is high net worth enough to not bother selling their own shit or to source their own shit.

For sourcing you need access to worldwide networks for most of these special cars, you need to find the people willing to sell and you need the ability to actually get the thing into the country... making money as a broker vs “car dealer”

In principle it is simple... but in reality... Kulu has the reputation already, what do you have?

Black Gts
08-27-2020, 09:37 AM
I think it'll work, but only if you use "z" instead of "s" where possible.

max_boost
08-27-2020, 09:39 AM
In principle it is simple... but in reality... Kulu has the reputation already, what do you have?

He got a law office and from watching suits that’s a big deal!

- - - Updated - - -

Who was that guy who wanted to run a luxury super car rental? Remember? It wasn’t that long ago.

The_Rural_Juror
08-27-2020, 09:41 AM
Pfftt...no hypercars.

shakalaka
08-27-2020, 09:51 AM
Though the idea of supercar rental has also crossed my mind, but I would personally get into actual buying/selling rather than renting. There's way too many variables with that. If I was doing the renting business, I wouldn't do supercars, I would do luxury cars that your regular rental places don't have. Lease a few - rent them out, make sure they are bringing in more money than the monthly payments and sell them when they are reaching their mileage limits etc. I thought about that a couple of years ago but I think nowadays even Enterprise and Budget have started to carry those sort of cars so that's something where you're definitely going to have a tough time competing with big players like those.

But if you put a modern twist to that operation - app based, car is delivered to you etc., I am sure lot of people would be attracted to that. I mean we always had cabs and food deliveries and then you suddenly say things like Uber and Skip the Dishes take off which is providing the same services but with a little twist. What Killramos said is definitely a good point when you're trying to compete with already established player it can't hurt to have some sort of a different twist to the operation.

The_Rural_Juror
08-27-2020, 09:57 AM
Like delivering food in an NSX? Sounds like a great idea. It's good on gas.

Darkane
08-27-2020, 10:00 AM
I’d love to do something like this, I don’t know if it’ll work as a side gig though.

Need to quit lawyering.

90_Shelby
08-27-2020, 10:07 AM
If you have enough coin to accumulate your own collection, you can determine on your own if you can fund your habit by moving your own personal inventory while working with Kulu or a broker etc. I don't think you need to actually start a business. Roll the dice on what cars you think are appreciating, drive them as much as you want before you think you'll hurt resale, watch the market and buy or sell based on your own predictions. Once you've created enough of a network you'll probably be able to buy or sell a few without the assistance of a broker.

Most collectors attempt to do this currently and you don't need a storefront to succeed, but you also need to recognize that you won't always make money on every car. If you can pull it off with your own collection and once you've created a big enough network, move on to a storefront if you think you can compete with the big dogs. The quality of cars will determine if you're playing in the big leagues or just another used car salesman.

rage2
08-27-2020, 10:20 AM
Just so you know how tough it is, someone like ZR with deep pockets couldn’t crack the market. Aside from a handful of friends and associates, ZR didn’t grow past that and has now pivoted to wraps and mods.

You’re spending 99% of your time networking and trying to break loyalty of customers who doesn’t care too much about saving a few bucks.

Rocket1k78
08-27-2020, 10:20 AM
Id wait for mitsu to chime in, im sure he knows someone who knows someone thats done this. If not im sure he'll have some good professional knowledge himself

zipdoa
08-27-2020, 10:35 AM
Just so you know how tough it is, someone like ZR with deep pockets couldn’t crack the market. Aside from a handful of friends and associates, ZR didn’t grow past that and has now pivoted to wraps and mods.

You’re spending 99% of your time networking and trying to break loyalty of customers who doesn’t care too much about saving a few bucks.

Is this because there's not a lot of justification for supercar ownership in this town outside of conspicuous consumption?

max_boost
08-27-2020, 10:36 AM
Id wait for mitsu to chime in, im sure he knows someone who knows someone thats done this. If not im sure he'll have some good professional knowledge himself

:rofl: :rofl:

ercchry
08-27-2020, 10:40 AM
Is this because there's not a lot of justification for supercar ownership in this town outside of conspicuous consumption?

Probably due to being a notorious pawn shop owner with an exotic dealership in the heart of the hood with bottom of the barrel inventory and questionable style... proof that not all publicly is good, but dude is highly entertaining at least... but dumping an Enzo in the ocean and rebuilding it as an fxx doesn’t play well in a small world where people want transparent ownership, original, low mileage cars

Disoblige
08-27-2020, 11:01 AM
Id wait for mitsu to chime in, im sure he knows someone who knows someone thats done this. If not im sure he'll have some good professional knowledge himself
Wow, A+ :rofl:

flipstah
08-27-2020, 11:02 AM
shakalaka wheel emporium? I approve

The_Rural_Juror
08-27-2020, 11:30 AM
In my opinion, a shitty cars dealership would be more profitable.

flipstah
08-27-2020, 11:39 AM
In my opinion, a shitty cars dealership would be more profitable.

Does that include the 11% interest loan?

rx7boi
08-27-2020, 11:47 AM
Though the idea of supercar rental has also crossed my mind, but I would personally get into actual buying/selling rather than renting. There's way too many variables with that. If I was doing the renting business, I wouldn't do supercars, I would do luxury cars that your regular rental places don't have. Lease a few - rent them out, make sure they are bringing in more money than the monthly payments and sell them when they are reaching their mileage limits etc. I thought about that a couple of years ago but I think nowadays even Enterprise and Budget have started to carry those sort of cars so that's something where you're definitely going to have a tough time competing with big players like those.

But if you put a modern twist to that operation - app based, car is delivered to you etc., I am sure lot of people would be attracted to that. I mean we always had cabs and food deliveries and then you suddenly say things like Uber and Skip the Dishes take off which is providing the same services but with a little twist. What Killramos said is definitely a good point when you're trying to compete with already established player it can't hurt to have some sort of a different twist to the operation.

Shak's Turo fleet

you&me
08-27-2020, 11:49 AM
You need access to low mile, special cars at wholesale prices... so you need access to a large enough client base that is high net worth enough to not bother selling their own shit or to source their own shit.

For sourcing you need access to worldwide networks for most of these special cars, you need to find the people willing to sell and you need the ability to actually get the thing into the country... making money as a broker vs “car dealer”

In principle it is simple... but in reality... Kulu has the reputation already, what do you have?

This is the most accurate post in this thread, besides turning using "z" for all "s'" (obviously).

In this market, you aren't dealing with widgets; each car is unique and you have to have a good understanding of what the market values and likes for each individual car, model, etc (hint: it's not always what you like). The key is to be able to find those cars on a consistent basis.

Then you have to buy them at the right price. You have to understand market demands and trends, what the manufacturers are doing (new models, upgrades, finance rebates which can kill used values, etc). You have to be able to do this consistently as well, otherwise you end up buying compromised inventory just to keep the shelves stocked (presuming you have a full-fledged retail business). You truly need to know the market & thumbing through autotrader or Dupont registry doesn't count (that could lead to some very expensive mistakes).

Then you have to have the right contacts to get everything done. Transport, detail, repair work, reconditioning - all can be hyper expensive if you don't know what you're doing / what needs to be done and don't have the right connections.

I know everyone here is a car enthusiast (mostly) and thinks this would be a "cool side gig", and as easy as it is to slag "used car salesman", you have to realize this is real business. The used car market in the US is a nearly $800B a year industry - that's massive. You're talking about playing in the corner of a very large sandbox that lot of people and major corporations take very seriously. Manufacturers are helping their dealers succeed by constantly creating new tools that you won't have access to... Finance deals, CPOs, closed dealer auctions, etc are just the tip of the iceberg, yet make competing harder and harder for the independent. In the more "enthusiast" level of the market, there are the established players (the Kulus or Marshall Goldmans of the world), the major auctions (RM, Gooding, etc) and the digital platforms (BaT, PCar, etc).

My suggestion would be to stick with what you know and make as much $$$ lawyering as you can. Get the right connections and relationships and do it with your own cars, without the formality of a business, etc. Edit - yeah, like 90_Shelby said.

Double edit -


Probably due to being a notorious pawn shop owner with an exotic dealership in the heart of the hood with bottom of the barrel inventory and questionable style... proof that not all publicly is good, but dude is highly entertaining at least... but dumping an Enzo in the ocean and rebuilding it as an fxx doesn’t play well in a small world where people want transparent ownership, original, low mileage cars

Nailed it. :clap::clap:

zechs
08-27-2020, 12:01 PM
Definitely good points there. As I am typing this, I am sitting at a shop called Oraizen Automotive as I need wheel alignment. This is the guy I mentioned above that just seemed to have money and a few fancy cars who has started the shop. Pretty cool shop with simulators and nice waiting area etc. I think it's super cool when your hobby or passion can make you money like that. There's his own Huracan in here right now which is all modded up, there is a modded GTS, Gallardo, couple of pick up trucks, modded Mustang, modded GTR sitting here that are I am guessing are cars here to get work done.

.

I should share this with the owner next time I chat with him. An acquaintence of mine, this commentary brought the lulz.

I don't think the market for what you are looking at is particularily strong, or weak. With the right business model, anything is possible. There is a lot more competition in the Alberta market for what you are thinking of offering than you realize. It would appear some demand is there.

Very few people make real money off of automotive pursuits in this province. Most got their wealth other ways, and then semi-retire into the enthusiast car industry. You clearly already make very decent money. Is this a "grass is greener" thing?

88CRX
08-27-2020, 12:01 PM
I don't know much about Kulu (or their business operations) but I'm going to guess that the amount of time, sweat and hard work that they've put into their business is significantly higher then the OP thinks (sorry Shak). Like whoever runs that place eats, sleeps and shits the luxury car market 24/7/365; and has done so for the last couple decades.

And it helps that they've been in the business for so long, and one would assume have built a fuck-load of relationships. Starting cold would suck.

rage2
08-27-2020, 12:22 PM
I don't know much about Kulu (or their business operations) but I'm going to guess that the amount of time, sweat and hard work that they've put into their business is significantly higher then the OP thinks (sorry Shak). Like whoever runs that place eats, sleeps and shits the luxury car market 24/7/365; and has done so for the last couple decades.

And it helps that they've been in the business for so long, and one would assume have built a fuck-load of relationships. Starting cold would suck.
I've been friends with Kulu since before he sold his first Lambo, what you described is 100% accurate. I would say it's next to impossible to start cold here without decades of grind.

ShermanEF9
08-27-2020, 12:28 PM
Just do what the Ghermezians do. Buy a car, drive the shit out of it for a bit, then raffle it off at crazy prices in the middle of a mall, do the draw when you've profited.

benyl
08-27-2020, 01:04 PM
Id wait for mitsu to chime in, im sure he knows someone who knows someone thats done this. If not im sure he'll have some good professional knowledge himself

+rep

andyg16
08-27-2020, 01:41 PM
I've been friends with Kulu since before he sold his first Lambo, what you described is 100% accurate. I would say it's next to impossible to start cold here without decades of grind.

Should get Kulu to start his own Vinwiki style channel on Youtube. Would be cool to here some local stories regarding the exotic car scene.

bjstare
08-27-2020, 02:45 PM
Probably due to being a notorious pawn shop owner with an exotic dealership in the heart of the hood with bottom of the barrel inventory and questionable style... proof that not all publicly is good, but dude is highly entertaining at least... but dumping an Enzo in the ocean and rebuilding it as an fxx doesn’t play well in a small world where people want transparent ownership, original, low mileage cars

Beat me to it.

In a business where relationships are huge, it is zero surprise to me that a slime ball like that guy was not successful :rofl:

killramos
08-27-2020, 02:47 PM
I feel like the questionable style piece cannot be understated

C4S
08-27-2020, 02:58 PM
Friend of mine is doing that in Van .. (Well, any house is 7 figure there, and many 8 figure) with some many kids driving Porsche, Ferrari, Lambo, Mclaren, Aston etc etc .. and they get tired after a year or two, so a 1-2 year short term "Student Lease" program is quite a good idea over there ..

I haven't chatted with him for a while, not sure if he is doing good, and how the "liability" been work out, probably not as fussy as people here..

CRXguy
08-27-2020, 03:01 PM
Id wait for mitsu to chime in, im sure he knows someone who knows someone thats done this. If not im sure he'll have some good professional knowledge himself

:rofl:

The_Rural_Juror
08-27-2020, 03:07 PM
Just got to tap into the 9 figure traders that bcylau knows.

My House of Shitty Cars is a better idea. Anyone want to invest?

KRyn
08-27-2020, 03:28 PM
.

Buster
08-27-2020, 04:17 PM
Fun+cool gigs and making bank gigs are almost entirely mutually exclusive

jaylo
08-27-2020, 05:37 PM
Who is shakalaka outside of beyond.ca?

A brand/branding takes years to establish.

max_boost
08-27-2020, 07:28 PM
Basically if shak sends you letters, be afraid.

Also shak, i know you like the food but you don't have to buy the restaurant but it's fun to think about it tho :D

Skyline_Addict
08-28-2020, 01:08 AM
This is the most accurate post in this thread, besides turning using "z" for all "s'" (obviously).

In this market, you aren't dealing with widgets; each car is unique and you have to have a good understanding of what the market values and likes for each individual car, model, etc (hint: it's not always what you like). The key is to be able to find those cars on a consistent basis.

Then you have to buy them at the right price. You have to understand market demands and trends, what the manufacturers are doing (new models, upgrades, finance rebates which can kill used values, etc). You have to be able to do this consistently as well, otherwise you end up buying compromised inventory just to keep the shelves stocked (presuming you have a full-fledged retail business). You truly need to know the market & thumbing through autotrader or Dupont registry doesn't count (that could lead to some very expensive mistakes).

Then you have to have the right contacts to get everything done. Transport, detail, repair work, reconditioning - all can be hyper expensive if you don't know what you're doing / what needs to be done and don't have the right connections.

I know everyone here is a car enthusiast (mostly) and thinks this would be a "cool side gig", and as easy as it is to slag "used car salesman", you have to realize this is real business. The used car market in the US is a nearly $800B a year industry - that's massive. You're talking about playing in the corner of a very large sandbox that lot of people and major corporations take very seriously. Manufacturers are helping their dealers succeed by constantly creating new tools that you won't have access to... Finance deals, CPOs, closed dealer auctions, etc are just the tip of the iceberg, yet make competing harder and harder for the independent. In the more "enthusiast" level of the market, there are the established players (the Kulus or Marshall Goldmans of the world), the major auctions (RM, Gooding, etc) and the digital platforms (BaT, PCar, etc).

My suggestion would be to stick with what you know and make as much $$$ lawyering as you can. Get the right connections and relationships and do it with your own cars, without the formality of a business, etc. Edit - yeah, like 90_Shelby said.

Double edit -



Nailed it. :clap::clap:

:clap:

Best post in this thread.




I wouldn't drop everything in it and go all in....



Annnnd you pretty much ended the thread here. Yes, you wouldn't necessarily have to go all in right away in the financial sense, but mentally you have to be committed 100% from the start. You said it yourself - you don't have the time for that. "That" being all the networking, industry knowledge, etc. that you've needed to be working on 10 years ago to even have a shot at this today.

Make lots of money doing what you're already doing, and you could realistically drive all the cars you've dreamed of at some point in your life. And don't say it doesn't pay enough to do that...you admitted to buying a 7-figures house. :rofl:

You've worked hard for much of your life to become specialized in a skill/profession that relatively few people are properly qualified, or even permitted to practice. Having put in the hours to get to where you are, I'm surprised that you think that running a successful exotic car dealership is any different with regards to the hustle involved.

Being a car enthusiast with some bucks is hardly a free pass for getting into the actual business of cars. Based on what you've said in this thread so far, I'm sorry to say that I just don't see this as anything more than a pipe dream you have - which if we're honest here, only even exists because of your current financial circumstances. After each (good) post by other members in this thread, you keep having to rejig your original idea, which shows you don't really know or understand what you want out of this.

You've got a good career that appears to be on the upward trajectory. Stick with that. You literally don't need this at all to be able to drive nice cars and retire early/comfortably, which is your main motivation behind this. I don't think you would've gone through law school if this wasn't at all possible? :dunno:

Team_Mclaren
08-28-2020, 03:00 AM
Id wait for mitsu to chime in, im sure he knows someone who knows someone thats done this. If not im sure he'll have some good professional knowledge himself

holy fuck just lost my drink on the keyboard:rofl:

AA++++ Would read again

The_Rural_Juror
08-28-2020, 06:14 AM
holy fuck just lost my drink on the keyboard:rofl:

AA++++ Would read again

I missed this joke. Can someone Phil me in?

eglove
08-28-2020, 09:08 AM
I missed this joke. Can someone Phil me in?


MITSU3000GT knows just about everything or someone who knows everything about any and all subjects

(nothing against the guy)

2002civic
08-28-2020, 09:35 AM
^Does he run a pawnshop?

2002civic
08-28-2020, 09:39 AM
But in all seriousness turo sounds like what you described fore the rent/deliver technology. There's only an I8, C8 vette and GTR for anything "exotic" though.

Team_Mclaren
08-28-2020, 05:51 PM
Friend of mine is doing that in Van .. (Well, any house is 7 figure there, and many 8 figure) with some many kids driving Porsche, Ferrari, Lambo, Mclaren, Aston etc etc .. and they get tired after a year or two, so a 1-2 year short term "Student Lease" program is quite a good idea over there ..

I haven't chatted with him for a while, not sure if he is doing good, and how the "liability" been work out, probably not as fussy as people here..

I think we know the same person? anyways, that market is totally different from here. Those short term leases are gold mines. We dont have that kind of clientele here

Rocket1k78
09-01-2020, 09:53 AM
Thanks for the love boys:rofl:

max_boost
09-01-2020, 09:27 PM
You guys are funny. I search threads for the Mitsu comment and I was not disappoint.

killramos
09-01-2020, 09:28 PM
That guy is some special kind of stupid in every thread he touches.

Rocket1k78
09-02-2020, 11:35 AM
That guy is some special kind of stupid in every thread he touches.

I tried to give you rep but it said i had to share before i gave it to you lol

Neil4Speed
09-02-2020, 05:22 PM
Trying to bring this back on topic...

Shak, its an ambitious idea, but I think you run the risk of turning your passion into a job and in turn losing the enjoyment that you get from your acquisitions. I think the only way you can reasonably make this work is if you go on the side of speculative collector purchases that may appreciate in the future. I.e R129/R107 SL's, 6-Speed BMW's etc, which I know, is not exactly your scene or the intent of what you are trying to achieve.

Team_Mclaren
09-03-2020, 01:16 AM
That guy is some special kind of stupid in every thread he touches.

to be honest, i didnt know so many people share that same view as me... lol

Skyline_Addict
09-03-2020, 01:24 AM
Trying to bring this back on topic...

Shak, its an ambitious idea, but I think you run the risk of turning your passion into a job and in turn losing the enjoyment that you get from your acquisitions. I think the only way you can reasonably make this work is if you go on the side of speculative collector purchases that may appreciate in the future. I.e R129/R107 SL's, 6-Speed BMW's etc, which I know, is not exactly your scene or the intent of what you are trying to achieve.

I think he's just looking to satiate his desire to have an ever-changing fleet of cars at his personal disposal, while seeking to profiteer from a business model that has the inventory also serve as aforementioned fleet.

Rocket1k78
09-03-2020, 11:42 AM
to be honest, i didnt know so many people share that same view as me... lol

:rofl::rofl: