“Adding the CARite label has really helped us solidify our image and has given us a powerful branding message…” - Casey, Owner Louisville, MS.
"I can focus on selling cars, since CARite takes care of my technology, training and marketing needs. Amazing support...." - Mark, Owner Eastpointe, MI.
"Partnering with CARite has been one of the best business decisions. Support, Economy of Scale and a unique value message!" - Gabriel, Owner Cocoa, FL.
The Six C's We Consider
Your values align with our DRIVE values. You are respected and highly regarded in your community. You can provide trusted references.
You have $100K in available cash (your own funds) to use as operating capital to support your own dealership. Your net worth is over $500K and you have proof of appropriate floor plan approval.
Ideally the investor is the person operating the store in a hands-on manner. We expect this leader to have the appropriate time to run the business.
You have a specific location in mind in a growing area with at least 100K people within 5 miles. The building is 'healthy' and near other dealers.
ou have a track record of great customer feedback in prior ventures. We typically evaluate this through online websites and customer references.
You are willing to commit to CARite for the long term. This means going beyond an initial partnership and committing to a long-term venture.
A proven store design and marketing program, with a simple approach to selling cars.
Great relationships with lenders, access to our own leasing program (where available) and other products.
A central team working on HR, training, IT, marketing & more. Learn with a network of like-minded dealers.
CARite has negotiated national agreements with CRM, DMS and Website providers. The benefits of these agreements would be available to you as a partner. We operate using common technology standards so that all dealerships can follow the same processes and can benefit from the same information sources. Ask your representative for additional information about the specific systems used.
At CARite we have standardized the retail experience so that all team members can benefit from a simple set of processes designed to deliver a great experience to our customers. In addition, with a growing network of storefronts we are constantly improving our processes based on what we learn from each other over time. From the initial greeting to the final sale, we provide a simple approach for your store.
Existing stores can be re-branded easily. All stores follow a simple footprint. The below example shows an established car dealership in Taylor. The store underwent a complete and simple re-model to reflect the CARite brand. The project took less than two months and cost less than $50K to completely transform the store. See Below!
CARite partners pay a fixed fee per deal to participate in the brand. The more leases delivered through our captive finance company, the lower this fee becomes. Your brand fees cover all support provided by CARite and the licensed use of the CARite brand. Dealers are responsible for their own advertising budget but CARite can provide all approved brand-worthy advertising materials. There is no initiation fee payable to CARite but dealers do typically make an initial investment to prepare their store for launch (either by converting their existing store or by building a new one). We typically work with prospective dealers to identify the capital needed to build a great business within our brand over time. You can use any lender you sign up with.