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Discuss Need advise how to share a used car lot. in the Blogging and the Car Business forum at Car Dealer Forums; I am located in Northern Virginia near Washington DC. The real estate here is very ...
  1. #1
    I.M
    I.M is offline
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    Post Need advise how to share a used car lot.

    I am located in Northern Virginia near Washington DC. The real estate here is very expensive therefore it is very difficult to start a new car business. The rent for a small lot runs b/w $4000.00 to $6000.00. To keep the overheads to the minimum I have seen people using (renting) space with someone who is already running a successful small dealership. They buy inventory using their own money and work under someone else's name.
    Is there anyone who is running a business this way? What is the experience? How to protect your self from other persons liabilities?
    Please give me some advice I will really appreciate it.


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  2. #2
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    I have no idea, sorry, these are really more issues to do with proprietership and legality, you should read official documents on ownership etc.

  3. #3
    Junior Member MarkWilsons's Avatar
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    Ya don't bother sharing with someone... get a small lot, maybe keep some cars off-site at a cheaper place, and bring them in when you need them to reduce costs
    My Life's Work - www.shopwilsons.com

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