I started a mildly successful car business. Need advice!

[snipergosh]

I also have private investors who may be interested in investing or loaning you money.

 

[dtc]

@mhcapa1 I would save money and buy them individually with cash, but an interest-bearing loan would eat into my margins. Additionally, if your car is appraised, you will no longer have the income you need to repay your loan. But this is a great idea. Where do you look for cars that need a little work? (I also run a niche car service business)

 

[cherrynapalmsmack]

@mhcapa1 Please check with your auto insurance carrier that they are aware of what you are doing. You may jeopardize insurance coverage in the event of an accident

 

[martijn]

@mhcapa1 Turo? Read up on that sub for all the horror stories.