Chris Koerner
👤 SpeakerAppearances Over Time
Podcast Appearances
I had a...
A concierge car buying business.
A concierge car buying business.
Yeah.
What's that?
So picture a traditional car dealership, a used car dealership.
You've got to get your dealer's permit.
That enables you legally to go to the auctions and buy cars at wholesale.
Put them on your lot and sell them.
So I did all the regulatory stuff.
I got my dealer's permit.
But then I would go to individuals and they would say, I want a 2024 Sequoia.
I want it to be blue, under 30,000 miles.
And I would just go to the auction and buy it for them for like $700 fee.
So they get wholesale.
They save money.
I make money.
I don't have to bear the inventory risk, and I can buy exactly what they want.
This sounds great, right?
On paper, people do that business successfully.