08-03-2014, 03:49 PM
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#1
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Registered User
Join Date: Sep 2013
Location: Montreal, QC. (currently expat to Shanghai)
Posts: 3,249
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Quote:
Originally Posted by JayG
Not to my knowledge, at least not in So Cal. Its a great idea. Protects both the buyer and seller
Hmmmm mabe a new business plan is in order
I'll cut you in for a point or two for the idea
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Started 10 years ago here... sthg like that. Yep great business start-up that can go viral in no time for a serious US investor. You welcome lol
¡¾¶þÊÖ³µ_¶þÊÖ³µ½»Ò×Êг¡_¶þÊÖ³µ½»Ò×Íø¡¿ - 51Æû³µÍø
^ the biggest here, literally millions of cars for sale. There are some 3-4 other competitors of course (all the same product really).
Google Translate
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'97 Boxster base model 2.5L, Guards Red/Tan leather, with a new but old Alpine am/fm radio.
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08-03-2014, 04:16 PM
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#2
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Registered User
Join Date: Dec 2008
Location: Queensland, Australia
Posts: 1,522
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Fred, what does it cost the seller to "list" their vehicle on this type of deal??
Is it a fixed cost or a % of selling price?
What happens if you want to sell a POS and it fails the PPI?
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2001 Boxster S (triple black). Sleeping easier with LN Engineering/Flat 6 IMS upgrade, low temp thermostat & underspeed pulley.
2001 MV Agusta F4.
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08-03-2014, 04:22 PM
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#3
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Registered User
Join Date: Sep 2013
Location: Montreal, QC. (currently expat to Shanghai)
Posts: 3,249
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Quote:
Originally Posted by Steve Tinker
Fred, what does it cost the seller to "list" their vehicle on this type of deal??
Is it a fixed cost or a % of selling price?
What happens if you want to sell a POS and it fails the PPI?
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Steve - its' "free" mate. That what makes it all a monopoly (game changer!)
Fixed cost (agreed reserved) or auction style. Both ways are available.
POS does not get a 3months warranty. Sold as-is. In most case the seller have no choice but to make the potential buyer aware of any rusty bolts. Mind you... you'd be surprised, maybe buyers buys these POS cars, fixed them up, and resell using the same channel for a thou more (many car traders does that all day long).
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'97 Boxster base model 2.5L, Guards Red/Tan leather, with a new but old Alpine am/fm radio.
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08-03-2014, 04:25 PM
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#4
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Registered User
Join Date: Sep 2013
Location: Montreal, QC. (currently expat to Shanghai)
Posts: 3,249
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These car websites are so big now (as big as insurance co) they even offer full financing on second-hand cars, 3 months warranty, other added services, etc.
Its brilliant. NOBODY buys car from private sellers anymore - ever lol
Works!
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'97 Boxster base model 2.5L, Guards Red/Tan leather, with a new but old Alpine am/fm radio.
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08-03-2014, 05:01 PM
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#5
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Registered User
Join Date: Sep 2013
Location: Montreal, QC. (currently expat to Shanghai)
Posts: 3,249
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Just quickly checked with one of my contact here who is involved in that second-hand car trade industry.
The "ONLY ONE" in the states who is offering similar tactics is Manheim. My contact here is also telling me that this company already worth/quoted by investors @ 10billions USD.
Any entrepreneur here, you got to write this business plan quick. Still plenty of room for another one in this industry I'm pretty sure 
AU seems to be untouched as well Nobody doing this there he confirmed.
HOW TO GET RICH QUICK DOING WHAT YOU LIKE MOST, play with cars lol
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'97 Boxster base model 2.5L, Guards Red/Tan leather, with a new but old Alpine am/fm radio.
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08-03-2014, 05:52 PM
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#6
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On the slippery slope
Join Date: Mar 2014
Location: Austin and Palm Springs
Posts: 3,797
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I believe that Manheim is wholesale only auctions and you need to be a licensed dealer. I think they do some public auctions as well for some large sellers, mostly repos, but that still is very different from what you are describing in China
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2004 Boxster S 6 speed - DRL relay hack, Polaris AutoTop DIY
2004 996 Targa Tip
Instructor - San Diego region
2014 Porsche Performance Driving School
2020 BMW X3, 2013 Ram 1500, 2016 Cmax, 2004 F-150 "Big Red"
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08-03-2014, 07:06 PM
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#7
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Registered User
Join Date: Sep 2013
Location: Montreal, QC. (currently expat to Shanghai)
Posts: 3,249
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Totally different in a sense yes I agree, but still the idea is pretty similar. Look-up how much this Co worth for some profitability indications
Regardless, looks like there is room for similar-a-la-Chinese business(es) for North-America. Target customers would be you and I (individuals). You get rich (billionaire) in less that 10 years.
Works here, those who run those websites have total monopoly on the second-hand car market. So long to the small car trader shops (and crooks)... those are all gone and died 5~7 years ago.
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'97 Boxster base model 2.5L, Guards Red/Tan leather, with a new but old Alpine am/fm radio.
Last edited by Nine8Six; 08-03-2014 at 07:08 PM.
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08-03-2014, 07:10 PM
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#8
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Registered User
Join Date: Jan 2014
Location: Oklahoma
Posts: 83
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The 2000 S is a dual row IMS, right?
If so, failure rate is low so that is a plus.
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