Forums: Discussions for entrepreneurs and small business.

Not so sure I would go for the moped but this is something I`ve been on the waiting list for over a year now, it is silent, cheap , looks like tons of fun, and will likely replace the car for 90% of my around town errands. Regulations hurdles just keep delaying the launch.

Main page for all their products, some are available already but I keep waiting for the Z-20. You can watch a video of it, although I must say, at 20 mts it`s a tad long and it lacks professional quality.

I`d love to ride around in a zero polluting, zero noise, zero vibration scooter.

My car dealership would sell new low priced new cars that had seating for 5.

Car dealerships would be hit in this slow time too, so great credit offers would be available as well as low or no down payments since folks are low on cash which would make it difficult to buy a used car either through a private party or at a higher credit rate. Dealerships may also give no payments for 3 months. A five seater could help folks commute together and save on gas and share costs. In an economic depression folks may have a better credit rating (atleast in the beginning) then cash on hand. It always hits our pockets first then in begins to domino into permanant damage. The only downfall comparison is paying cash for a used privately sold or dealer sold saves on car insurance. But you have to hold on to as much liquid assets as is available.

Erin

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ElidS, I love those!

Okay...notice how everyone is fixating on the slow economy. The logic appears to be that lower prices work, because people don`t have a lot of money. I did the same when I first encountered this question.

Now consider this: Take any period in history, and regardless of what`s happening to a country, society, or area, LOTS of people have huge amounts of money. There ALWAYS are rich people.

Even the entire United States economy moves only a fraction of the world`s money around. I`m including those oil guys in the Middle East, the Sultan of this, and the Sheik of that. Think of the Depression in the 30s, and the Hollywood stars, producers, and others.

Then think of the black market and illegal markets, where people make huge amounts of money from whatever illegal process, but they still need a car. Al Capone still  had to buy groceries, clothes, transportation, and so on.

Would you rather spend day after day, working to sell a cheap car, moped, or bike? How many would you have to sell in order to make the same amount you`d make selling 1 luxury car, limousine, or specialty car? How much would you have to bargain and argue with people who were counting pennies trying to get through the year?

Now think about your own business. Are you getting caught trying to accommodate "the market" and "the economy?" Suppose you sell a product that`s generally worth $40, and suddenly the overall economy goes south. Would you drop your prices? Or would you try to focus in on the people who have money regardless of the general economy?

There`s a difference between setting the price, and accepting a price. And that comes out of our own, individual method of setting value on anything. It should be a realistic price only in the sense of the entire world of all people, particularly nowadays, where the Internet offers access to that whole world.

Yes, SOME car dealerships would be hit during an economic downturn. But not the luxury car dealers. SOMEone has to provide those high-end cars to the movie stars, heads of state, politicians, and military generals. I`d rather be selling those cars, even if it meant doing some hard work to "get in with" those people. :-)

I would sell used cars that move fast.

At dealer auctions you can get cars at a very good discount(figure 5K or so in profit margin per car). So I would buy cars like civics, accords, etc(popular cars that pretty much sell themselves). Keep it to 4-5 year old cars since those are the most popular used cars. Then sell them at a discount, so that the buyer will think he is getting a good deal, while I get my cut from the top.

i.e. say you buy a 2003 Accord with 70K miles for $6000. The car has a value of $11000 on edmunds/kbb etc. So you sell it for $9000. You get an instant profit of $3000, since cars like that will sell quick. And the buyer knows he got a good deal because he got the car from a dealer for $2000 below market value.

ElidS, i love it !!

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Thank you for sharing, I just love limousine  because I always love to see it and like to drive it and I also work with the limousine Washington DC firm so its better for me.

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