How I started a car dealership at 23 with no money! 

Learn how I did it and 20+ years of knowledge tips and tricks @ www.startyourdealership.com

this guy teaching his business secret, not many people are willing to do that, respect

I watched this video 3 years ago when I started flipping cars with open title making ends meet. I thought to my self I would never be able to get my license thinking it was to difficult and be to costly. 3 years later at the age of 24 I have my dealers license plenty of inventory and a lot. Thanks to you for making this video 3 years ago, this influenced me I’ve been watching flying wheels ever since!

I’ve been selling cars my entire life and it never dawned on me to do it “professionally” but I’m gonna. This video is amazing. Wish me luck.

I love how honest you were. You didn't have to share this but I'm glad you did

Great video.A friend of mine lived in my house for a few months.At the end he left me his car instead of a rent.I sold it and instead spending all the money (as my wife suggested:) I bought another car,and the rest is history.Still flipping cars 2 years later, giving me a good extra income.Would love to pay my bills with this job one day,but at the moment it's only an extra income.Once again great video,I got really motivated now:) This industry needs more people like you.Good luck Greetings from Liverpool,UK

Thanks for your thorough explanations. You are a prime example of the American success story.

It’s crazy! I’m looking at a building right now for $1000 a month and a lil scared to jump into it but I think I’m gonna get it this video motivated me

Im 23 years old getting ready to get into the car flipping business. Working on cars is something I love doing. Im shying away from the car dealing business because I feel it would be too much of a hassle but watching videos like this opens my mind more. You're way of going about flipping cars drive one sell the other is what I always had planned. So im glad I got to see someone use this method and to see that it works is more inspiring me to get into the business. Not as a main hussle but as a side hussle

I've been flipping cars all my life. 2021 was my best year ever, sold over 30 cars. I know i have what it takes to run a dealership but I have always been scared. I am so happy i found your channel. Thanks for the great advice and for sharing your experiences with others.

There’s a difference between almost no money and no money...

Mrs Charlotte's is legit and her method works like magic I keep on earning every single week with her new strategy

I just got my dealer's license last week. My number one piece of advice is something he touched on as well: Don't quit your day job. Slow and steady growth is the only reliable way to do it, and you will need another source of income while the dealership is growing.

Just starting out in car lot business, your video gives me hope, I appreciate it.

Easily one of the best yt videos I’ve ever seen. The transparency is second to none

You’ve given me hope to start going through of one of my childhood’s dreams, you are a very motivated person and enthusiastic. Loved you dude

Super super great video!! I’m 15 and just bought my first vehicle. I bought it for $600 (it was wrecked, not super bad tho). I put a ton of time into it and with the parts and everything I had to buy, I’m in a little over $4,000 (money obtained by working my butt of the last few summers). I have a buyer for $6,500 and it is one of the best feelings ever!!! Thanks again for the great video!

Fascinating. Almost like looking in a mirror. My first “office” was a desk and 5 spots at a dance studio. Rent - $1200 Per year :) Also utilized credit cards at first, then paid them off every 30 days, revolving the balance for no interest. Also started by selling on eBay, guitars, used iPads, imported android tablets, then cars as an individual (owned two at a time, listed both, drove whichever one didn’t sell)

I watched your video I'm originally from New Hampshire but live in Florida it's 1972 dude I started a pinstripe business when I was 27 years old I watched a guy do it at a dealership and I told myself why I can do that so I found out where he bought the supplies and I had a friend who was a general manager but told a dealership how was 1977 to this day I work for a big Ford dealership and they own 58 dealerships I do 4 Kia dealerships and a Ford dealership they don't pay me much I do volume for each dollar I take in 83 cents is profit I drive brand new CAD a lack to look successful when I pull in there and they know that when I say something that I'm a man in my word so I'm 73 years old and everybody asked me when I'm gonna retire How many people can say for the last 46 years I've done the same thing every day and love their work not very many I tell younger people find your Passion and make a living at it I'm impressed by you and I'm lo jealous that you live in New Hampshire I love Manchester but I'm too old and established to leave good luck and remember in the car business your reputation is everything

Awesome advise! I’m in the process of starting my own car sale business, and everything you described is exactly how I plan to go about. It was very reassuring to hear.

Thank you sooooo much!!!! 2 years ago I saw this....wanted to start with a cornerstone advantage so I fine tuned my autobody and paint skill while I bought 1 or 2 cars here and there. Now I'm in the process to get my dealer license. Thank you. God bless you !!!

I'm a cars dealer! I appreciate every tip you provided on this video. God bless

You are a God send!! It's terrible when a person wants so badly to open a business of ANY KIND but the knowledge is so complicated!! YOU!! Should be a COLLEGE PROFESSOR!! Thank you. God bless you! I know you will be blessed BECAUSE you have blessed each Person watching this Video. HUGS!!!!

I kinda did the same thing but in the contracting/cabinet making business. Got laid off, a buddy ran a cabinet shop as foreman, they needed help. A year later the owner abandoned the business so I had built up some skill and people were looking for work to be done, I said "I'll keep going until my phone stops ringing" fast forward 10 years and here I am. I had a pretty good credit rating when I started so I was able to get a line of credit for $5000 to help with the start up. Not as good as 0% but good enough.

This is pure gold this guy is a success this is the best info you will ever get can you do a veido on how you set up you're dealership when first starting out like finding the right building and getting your first cars on the lot

Probably one of the best RU-vid videos I've ever watched!

Awesome Video. Watching from South Africa 🇿🇦 and I have started from nothing hoping for the best. Currently have no cent but hope

Awesome video. That’s pretty much how I started, I bought a salvaged vehicle, fixed it up and flipped it. Usually 1 vehicle a month or so. Saved up all the money and bought one or two more vehicles. Until I jumped in it full time to the point I bought a 9 car carrier to haul all my vehicles. I don’t do the salvage anymore only clean title but still managed to flip/move close to 50 vehicles last month. I got a video on my channel of my lil operation

Solid advice just for any business, Keep growing!

Great video! I’m currently working part time and flipping a few Copart cars but I’m hoping to to start a car lot eventually

Funny, I grew up in Amherst, NH and now live in Ft Lauderdale, FL, loved the background, miss New England. Huge video for me, this one was. For the life of me I could not come up with a plan on raising capital to buy my first one to two cars, I'm trying the Turo thing, no dealership just yet. Thank you as it was an "Oh My God" moment because I take advantage of that 12 to 18 month letter from my Bank of America CC all the time. That's the ticket, for me, this has been the most helpful youtube for my business moving forward. I subscribed and thumbs up! Thanks

I was in the car buying and flipping for awhile did real good for about 5 years. Thinking of doing it again looking for a cheap spot hard to find in NY. Great vid gets me motivated.

Everything you said is absolutely 100 % correct from my 60 yrs old life experience. work hard ! / Take calculated chances / Start Small / patience / be ethical / passion = Success . Lazy people for quick bucks don't need to apply. AAA+++ You

I love his honesty. All love from Nigeria

Great video you’re a super salesman- the best education is on the street anyway

impressive...i understand what you did....great motivation to sell cars....and great motivation to float and absolutely pay your debts on time...before interest hits. Helps that you had your childhood sales ingrained in you...selling bikes, 4 wheelers and then flipping cars in H.S. ....all you did was grow and expand on what you were already doing.

One of the best and honest video I've watched gaved me a sence of knowledge that am currently in use so thanks a lot

awesome video bro, im a 15 year old that also wants to start a dealership, but I also love working on them. My plan is to learn about cars and become a mechanic a little, then go to college for 4 years and take business class in college, hopefully ill make it and thank you for showing us how you did it :D

How I started a business with no money/ I had money the whole time.

Great advice. Either you control your debt or it controls you. It's much better if you control it. I know cash is a four letter word but it's not a bad one. I firmly believe if you can't pay cash for something, you can't afford it. It's not a sin to save money. Save some until you get enough to buy that first car to sell. Pay cash and you don't have to be in a hurry to sell it to the first buyer that comes along. Every business must make a profit or it's not a business. Cars are your business and you learned what you needed to know, but you didn't learn it overnight. Thanks for helping others.

Love it...im currently in an industrial space with enough room for 5 cars.. will be 2 years at this place come July. Love the auto industry!

I'm currently a web developer but love the car industry. Used to work in sales. This would be an absolute dream. Thanks for these tips man!

Great Story. All I've ever done since High School was working at the car dealership. I wish I would of started my own dealership years ago, but I decided to start doing video and advertising for car stores. Have a good day. I'll come back again and watch more videos, but I have to go to the dealership now and film. later, Chad

Can I get any advise from you or anyone in comments.... my grandfather owned his own car dealership. He had the business since 1969. (Furniture store also, the city knocked it down to widen the lane) he then only had the dealership. Quick trip (gas station) offered to buy he kept declining. Finally he said if you don't give me what I'm asking for u are waiting your time. They finally accepted his offer. He owned the land behind it and re built his car dealership again.... so he continued his business. He also had rental property. Unfortunately he passed away in March. I decided to join iaai as a public buyer. I also searched on RU-vid for any tips for anything. In some ways u remind me of my grandfather. You are a true go getter! My hats off to u.... the 1st time i tried to bid on a few vehicles and lost the bid..... yesterday I bid on 2 salvage vehicles. Both 2015. 2015 Tahoe. 2015 Acadia Denali..... now I'm 2nd guessing myself. Did I over pay? What if it needs more repairs? Visually doesn't to appear to be bad. Not sure if underneath is where I should be concerned.... I wanted to keep one for myself and sell the other for a profit.... can anyone please help me a bit more? I can provide the vin numbers. Or can anyone suggest anything else? I pulled a carfax. Not sure how to read them that well quiet honestly.....I appreciate anyone who takes the time to read my message. Thank you in advance.

This is great, really inspiring. Thanks for uploading!

I'm Not Even Interested In Starting A Car Dealership, But This Video Was Awesome Knowledge, You Are Sharing Very Privileged Information.....The Credit Card Trick You Spoke On Is How I Bought My 1st Rental Property, GREAT VIDEO!!!!

Hey Creg, Thanks for making this video. I just viewed it all and it makes perfect sense to me. I am gonna watch another video of yours. I am from southern california and want to start doing what you did. Your video is inspirational. I had some cars and sold them. I made about 3,000 dollars on two cars I sold. I do not have a Dealers licensed, but I want to know if I can buy from the Auctions without having one. About 20 years ago I bought two vehicles that were salvage and from an Auto Auction. I know a guy that had a car bodyshop and paid him $100 dollars to let me use his Dealers License. The guy actually took me to the Auction and let me pick the car I liked.

I have 20 years doing paint and body repair. 10 of those years I did rebuilders for my boss who bought from Copart auto salvage. Im now looking into doing my own thing and I probably should have done it sooner. Great video by thw way informative. I now subscribe and follow.

Lot of common sense and reality. Great info too. Thanks

Wow I'm just getting started on getting my license hope everything works out for me 🙏🏽🙏🏽

You are just a lovely person, awesome video, keep it up.

In this state here's how it goes if you want to be legal. You're not going to get a dealer license with no or little money. In this state if you sell more than 6 cars per year you're considered a dealer. Obtain a Permanent Business Location. Meet Zoning Requirements. Obtain Fleet Insurance. Compile the Required Documents. Obtain Your Auto Dealer Bond. Submit Your Dealer License Application

Kind person. Even though your family was already in the car and station business. It helps. Thanks for sharing

Good advice with the no debt mantra

Thanks for the knowledge.. watching you from Africa

You're a focused guy with an excellent, common sense plan. You did your home work! Excellent job!

At first I felt like I was watching a video about myself, I own a small car dealership that I started with no money of my own, I had zero in the bank. I got a $3000 loan from a friend that owns a dealership. I got lot dealer license etc , and a couple $500 cars and every time I sold a car , I used the money to buy more, I now have the car dealership, 10 cars that are paid for and I moved up to a little bit nicer cars. But I usually sell $5000 and less.

Gold information. You're a gem man, thank you for sharing your learned experience and tips, blessings!

The good old days of getting 0% off of a check are over my friend good thing you got in while you did I would say you got grandfathered in cuz it ain't happening anymore. Congrats🎓 on your business.

I love your honesty What you said really speaks reality

Great advice my friend. Good business knowledge. I was always a big believer in keeping things simple. Subscribed!

My first passion is medicine and I am working towards the MD but i also love cars, i hope to own a dealership.

I could not sit around waiting for a sucker, it would drive me nuts. Quiet days wow . Good luck all the best

In Michigan, you don't even need your own building. You just need someone with commercial frontage that will agree to let you sell cars out front. I thought that was pretty weird, but really cool if you don't have the money for a building, but you'll be dipping into your profits (and possibly your wallet. As most of us know, they're not all big winners) to give whatever percentage you agreed to with the property owner!

this is awesome. thank you man. i’m 16 i’ve been flipping cars and right now i’m working on selling my 6th and 7th and i hope i can do this for a living eventually

If I were to operate a dealership, I would want to hire people who are willing to be honest and loyal to everyone but if they were to scam any of the customers, I would fire them instantly because I want everyone to get a fair price for what they are getting and also, I wouldn’t want any of the employees to hide anything from anyone

Great advice, exactly what I'm doing right now, super cool!! Congrats on your success!!

I’ve seen your videos 2 years ago, you’ve grown on subs! I like flipping my car when i get bored of it. I wanted to start a used car dealership back then but i was scared to get in debt and fail. Now I’m realizing that should just do it and see what happens… im 19, your videos motivate me. I’ll save up more money then make moves😎thanks!

Great video man, i just got my dealers license i am 24, your life sounds like mine ive been always selling things even from a young age, bikes, dirt bikes, quads, electronics. Been flipping cars for over 6 years, now i got my own place Excited to see where it takes me, keep up the vids!

Thank you your video helped me and got understanding how to start small to get bigger and start smarter

Good video buddy...congrats on all ur success....very well said and informative, 2 thumbs up buddy. Mogul...

you give good knowledge bro, appreciate your videos, and i will continue to watch

Thanks for the insight. This info is priceless! I've been on the fence about starting up a motorcycle dealership. Been buying/selling on the side for years while working my 9-5. Have a lot to think about...

Awesome Video Very Straight forward and Honest, and clever strategies to growing your dealership. I am trying to get my Dealer's License and grow too. I look forward to seeing more posts!!!

Great video! Thank you for all your videoes! I just finished my pre-license course today. Being an used car dealer is always my dream. Hope I will get the license soon.

Looking to start a dealership in the next couple of months in NH. Thanks for the great info. Been selling and flipping cars in the side for years. This video was informative.

Super informative video! Totally appreciate it! Couple questions. I have been buying cars from Copart, fixing them, reselling with an average profit of 1,250-1,500 for the last year, and it’s my dream to do it legally. I’m reselling well below book value because of rebuilt titles. I would much prefer to flip clean title vehicles. 1.What kind of typical profit would you consider average? It seems like $500/750 would be awesome for clean title vehicles with minimal work 2. What auctions are your favorite to attend? I have a buddy that has a dealers license and he is taking me to adessa in the next few weeks. Keep up the good work. Awesome videos!

Very honest video and humble testimony from someone who just wanted to grow in business. I also live in FL and I am trying to do the same thing. God bless you.

You sound just like me except for I got comfortable. Now I'm sitting here with eight cars in my driveway. Just because I can. I should start my own dealership

You did start with very little money.but more than anything you worked your ass off and hustled my hat is off to you sir.they should play videos like yours in school kids could learn alot from a person like you.

It's always refreshing to see/hear someone with a true, unmaid up life story, world is full of people making money from telling people how to make money...

No one teach his own business to others… unless if you have cancer and you are about to die… Respect this man.

You remotivated me.

New to the channel! Appreciate all the gems in the video. Thanks 👍🏾

Best advise I’ve heard, this is what I thought about doing to start my dealer. Glad it’s a proven strategy. Thanks man

I’m really young right now but I am starting to get into flipping cars and making 1000 dollars by washing it and putting a little into it thank you 🙏

Thanks for the vid. Very informative. Are there any mistakes or failures you made during your journey we should look out for?

Wooow you’re awesome! Thank you for share your business secrets!!!!!

Best car flipping video I’ve seen on RU-vid so far thank you!

The T/A on a challenger means trans am. Dosdges way of mocking the trans am. Learn something new everyday. Cool. Love you videos. Learn a lot from them.

How I started at 23 I started when i was 5 years old And my great grandfather started before that

Solid advice... crawl before you walk... if you can't make it small than it might not be a good idea to go all in with your savings or credit and end up in a bad jam. This is how I've operated every business venture from my auto detail shop that I started at 21, urban fashion boutique that i initially started from the trunk of my car, to my private chef services which has been my career since 2013. I've been flipping cars since 2012 on the side because of my love for cars. Never flipped anything over 5k because it takes too long to find cash buyers... Except SUV's... I love finding a good deal on a third row vehicle. This is where I always wanted to gravitate and now I have enough cash and credit to make a not so scary "jump". I have a few plans to get some motivated people in buying inventory as well. Need the license first... Next step once I find a location... I have one of my old school classics and my bass boat at this small storage facility near my house that seems to have extra room so I'm going to proposition the owner of that land and ask him can I put a trailer office there and rent out more spaces

You are a genius, I’ve subscribed and hav now watched all your videos. I’m in the start up get legal boat right now. It almost seems impossible. Thank you for all of your advice!

Here in switzerland the hard part is to get the cars from dealers or private is even harder in order to sell them as a dealer

Saw you at Salem walmart didn't say hello but you have been RU-vid recognized

Thank you so much man I appreciate you you are definitely amazing 👏

LMAO "a condemned building on top of mud." I love it. You rule. true winner in business.

Thanks Craig. I appreciate your advice.

You are A Hero to some people for sharing this about yourself man. Thank you My man :) I can’t wait now, a lot of my thoughts are agreeing with yours as far as starting small. I just need to take the leap. Thank you bro foreal -Eric

Wow 😯! I didn’t even know the secret behind 0% credit card check offers. It’s a good way to get anyone started in any flipping as long as money paid back within those terms. Doing it that way is actually better than initially get a loan from a bank because there will be interests in the end. Credit card checks fees are minimal compare to bank loans. You are a genius !! I enjoy all of your videos. I’ve learned a lot from you. Cheers 🍻!