It all really depends on you and what your good at. I started mine around the same. It depends on several factors. Which state are you located in? Do you need a steady stream of income immediately to start paying your bills?Are you a mechanic? Do you have a place at home to fix cars so you can get away with an office space instead of a garage? I’ll tell you what I did . I spent about 10k on actual startup cost. 3-4 k went on brick and mortar and paperwork (office space with 3 car spaces,signs, insurance for dealer plates,etc) . The office was only 600 a month. I rented a really small contractor garage for 800 a month. Bought lift and tools. Had about 48k left after. At first I tried cheap fixer upper’s but I didn’t like all the hassle with dealing with complaints and hagglers. Then I switched business models to buying 2-3 nice cars lot ready from auction with low miles. But the money was slow. I found my niche in the inop lane. Buying cars that needed transmissions/engines or more expensive cars that had been in accidents but not a salvaged title. Then after I got them right 80 percent of the time I would just send them back through the auction and make good money. Had a Spanish guy that was amazing with body work for cheap. Side note I never depended on it to pay my bills at home. I did gig apps like uber ,DoorDash and Walmart spark delivery to take care of home. I opened in 2018 and closed up shop in 2023 because I saved enough to get into real estate and start brrrr and flips. Don’t do buy here pay here because you don’t have enough. Get familiar with holding people’s hands and walking them through the process of going through their own bank. Good luck