4 Things to Know About Buying a Used Car Franchise
Investing in a used car franchise is a great way to build your own business in a thriving industry. Byrider, the leading used car and finance franchise in the U.S., makes it possible for franchisees from many backgrounds to open and operate thriving dealerships. Here, learn a few interesting facts about used car and finance franchises.
1. Most Americans Depend on Vehicles
Only 8.7% of American households don’t have access to a vehicle – that means that over 90% of them depend on a vehicle to help them get to work, school, see family and friends, go grocery shopping, and much more. There’s no question that there’s a high demand for quality, used cars in the U.S., and used car franchises like Byrider help to meet this demand.
2. Experience Not Required
Many Byrider franchisees chose to invest in our franchise because they had prior experience working with cars. Ours is a great opportunity for experienced automotive and finance entrepreneurs looking to expand their holdings, but we’ve also partnered with many people with no experience in the car business. We provide all of our franchisees with comprehensive training and support throughout the life of their business, so it’s easier than ever to break into our industry.
3. Location Matters
Communities across the U.S. depend on vehicles every day, so it’s important to choose a location for your new business that will benefit as many people as possible. Great locations for Byrider dealerships should have the right demographics and should be highly visible and accessible to potential customers. Byrider works with franchisees to find the perfect location for their new dealerships!
4. Not All Used Car Franchises Are Created Equal
If you’re researching other automotive industry or used car franchises, keep in mind that every franchisor is different. For customers, Byrider has major competitive advantages. Not only do we offer them fair prices on a wide selection of quality used cars, we’re able to provide them with in-house financing. That means our franchisees have the freedom to decide who to do business with, without needing to work through a bank or third-party lender.
For franchisees, Byrider goes above and beyond what our competitors have to offer. For instance, we provide franchisees with exceptional marketing support, helping to spread the word about their new businesses in their communities. Furthermore, we work closely with franchisees throughout the process of opening their business, helping them with important steps, from mastering our business model to stocking their dealership with vehicles.
Finally, brand recognition counts for a lot. Byrider has been in business since 1989 and has served more than 1 million customers. All that experience has helped us build a strong reputation for honesty and integrity. For franchisees, that reputation is an immediate benefit when they open their doors. We’re serious about helping the communities we serve. Could your community also benefit from our services?
If you’re ready to learn more about what it takes to open a Byrider used car franchise, contact us today!