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With the advantages of reduced purchasing and insurance costs, below are three business ideas that rely on used cars for sale in Orange County.
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June 20, 2017 Three Business Ideas for Used Cars for Sale in Orange County The demand for used cars in California is strong with an 11.7% increase in sales from 2014 to 2015. Car dealers are confident that the positive streak will continue due to the developments in several types of transportation businesses with niche markets. Used cars are popular in businesses because they have lower purchasing costs apart from reduced registration fees and insurance. If you’re interested in opening a transportation business that relies on used cars for sale, here are three ideas that fit current mobility needs in California. Page | 1
Ridesourcing Also called ridesharing, ridesourcing is become increasingly popular, thanks to the companies like Uber, Lyft, and Sidecar that created user-friendly apps and decreased point-to-point commute time. If you’re considering driving for Uber, buy a used car that’s five years old only or even newer, as Uber requires cars to be no more than 10 years old. As for Lyft, cars should be from 2004 or newer. In other words, select the latest used car as possible. Buying the newest used car will allow you to drive it for ridesharing companies far longer. In addition, many ridesharing companies like Uber also has restrictions wherein full-sized vans, taxis, marked vehicles, and salvaged cars are not qualified. Buy a used car to save money which you can use to print business cards you can give to your riders. Furthermore, you can upgrade the interior a little to make it more attractive to customers. Hauling Another way to profit from used cars is by launching a hauling business. When buying a used car for hauling, consider the kind of products or equipment you want to deliver as it will affect the storage and packaging needs. Purchase a used truck or van that can transport different kinds and sizes of products to widen the number of possible clients. Additionally, you can enter into delivery contracts with online businesses as well that outsource the delivery of their items. This means even a used sedan can deliver small products, such as apparel and jewelry. You can also haul specialty or medical items, provided that you can customize your car to their particular transportation needs. It’s important then to select a car that best fits your intended markets, so make sure to have very specific targets. Senior Transportation In California, the elderly population is projected to increase at more than twice the general population growth rate. One of their needs is to be transported from one place to another, such as medical appointments and weekly grocery shopping. If you’re in a community where many seniors have low-income, you can coordinate with corporate sponsors and the local Page | 2
government to subsidize transportation costs. As one of the most vulnerable citizens, there tends to be civic enthusiasm in promoting the health and welfare of senior citizens. Start a senior transportation service using used cars for sale to serve this growing mobility demand. After choosing a business, buying used cars for sale is the next step. Make sure to know the exact start-up requirements as well as insurance needs. With the latest used cars, you can start becoming your own boss in these distinct markets. About Toyota of Orange: Besides selling new vehicles, we also offer used cars for sale. Catering to customers around the Orange, CA area, we are the top selling dealer for the past 40 years, and we intend to hold on to the title for years to come. Consult with us to know more about our products and services. Sources: “12 Transportation Businesses You Can Start Now,” Entrepreneur.com “App-Based, On-Demand Ride Services: Comparing Taxi and Ridesourcing Trips and User Characteristics in San Francisco,” ITS.DOT.Gov “Uber vehicle requirements: Can you drive for Uber with your car?,” RideSharingDriver.com Page | 3
