George Pitts Car Deal training
#4 Save money
-buy with business credit, write everything off
-list on Turbo, turn it into an asset
-October to December is best time to buy cars. New cars get announced in October.
-Brand new vehicle drops the most money in the next 30 days. After 3 months, they depreciate.
-second half is commission check. Trying to sell as much commissions as possible. It's feast or famine in the car business. Never go buy at the first of the month. They got a whole month to sell the car. If its 45k and you want 42k. I'm not gonna give then the deal and they are going to walk away.
-Toyota cares that they sold them. As many as their vehicles as possible. They don't care what you sold them for. dealership is paying what they are asking for.
-Always use the term 'we' when you buying. They will leverage that against you. Don't tell them you are a single mother, single father. I understand you are a single mother, I am a single father too that's why we were able to get you approved. We want to invest this, let me go call my husband. I'll be right back. I talked to my husband, he is not going to let me do it. Go to a dealership that is a specialty dealership.
-Lexus dealership, have one Benz. Don't go to Pablo auto sales. Go to Chrysler dealership, a dealership that specializes in a brand because they have a quote that they have to meet. I bought this from an auction, it was repossessed. might still have drugs. we are going to do what it do.
-have an exit office price. number you are willing to leave the dealership for.
-Do you do a vehicle inspection? great. Willing to do 3000 mile warranty inspection. they will give you that for free because they want to sell the vehicle. if something goes wrong in first 3000 mile they will fix it. First 3 months of the vehicle. Since you did do that inspection, then go ahead give me that mile. I learned this from brother in law. 85 percent of customers never ask for it. I ask everytime and they give it to me each time.
Business Credit
-auto loan through my business. write off .58 center per mile. be detailed, where you went starting and finishing mile and purpose of trip.
-reimburse employee miles. you business gets to write off mileage. tax free check from business. and business gets tax write off from writing that check.
I'm gonna give you the game, when I do a live I say it on Instagram.
Mixed used vehicle tax, sometimes business use sometimes personal.
This training will be added to the small business course.
wealthstreamacademy.com
Comments
Post a Comment