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Discuss Resources for Wholesaling? in the Finance and Insurance forum at Car Dealer Forums; Hi everyone, I am new in the car dealer business (about a year now) and ...
  1. #1
    Junior Member
    Join Date
    Feb 2010

    Question Resources for Wholesaling?

    Hi everyone,

    I am new in the car dealer business (about a year now) and I have been trying to find out some more information on selling my accounts to a bank who is willing to buy them. Does anyone know of a good resource that will give me more information on this? I have tried searching on Google but I have had no luck. Thanks in advance for the help.

    John A

    › See More: Resources for Wholesaling?

  2. #2
    Junior Member
    Join Date
    Mar 2010


    I assume you are trying to sell bulk Buy here pay here receivables? If so you can try Mid-Atlantic Finance Company. They solicit me all the time to buy my receivables, but we do not typically sell. I do not know how much they typically pay.

    Hope this helps.

    Aaron Hershey

  3. #3
    Senior Member RatiRut's Avatar
    Join Date
    Jul 2010


    Look for listings for public wholesale auctions. A public auction will not have the lower prices of a dealer auction. However, you donít have to obtain a dealerís license to attend a public auction. These are usually advertised in newspapers and on the Internet long in advance to get publicity.Obtain a dealerís license if you are convinced youíd rather attend a dealerís wholesale auction. There is a great deal of paperwork involved. However, traditionally the dealer auctions offer lower prices. Consult your local DMV for the proper forms.Consult a third-party information source to determine what a fair market value is for a specific car and how it will fit into your budget. Kelly Blue Book is a traditional resource for this information, as is Edmunds see Resources below. These services break down cars by year, model, make and option and give you a price based on condition.Inspect the car you intend to bid on thoroughly.

  4. #4
    Join Date
    Jan 2012


    new car business will be the toughest business field, as you have to look on different aspects of car dealing, before entering the market know the facts about everything.

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