Buy and sell cars

You can buy and sell cars from your own home and make extra money every year. In the state I live in you can sell up to 3 cars a year without being considered a dealer. Most states have the same rule of thumb.

This means you can start selling used cars up to 3 times a year with no dealer license required. Every body should take advantage of this rule and buy and sell cars for an extra side income.

The trick will be to squeeze the maximum profit out of each deal. The key to this buy low and sell high process is further explained below.

How to buy cars cheap

Example a vehicle for sale may have an oil leak. Bringing this to the attention of the seller can reduce the price dramatically. This does not mean you have to be a mechanic and fix the problem yourself.

The most successful used car dealers I know couldn’t even put air in a tire. The key is to secure outside vender's for the required repairs.

When you have the power of volume behind you as in that you will be sending lots of work to the auto repair shop you also have the power to negotiate a volume discount.

You can secure outside vender's in the three major categories, which are mechanical, body repair and detailing. After you buy and sell cars for a while your relationship will grow strong with these repair centers and the discounts and favors will happen more often increasing your profit margin even further.

The fact of the matter is that purchasing vehicles with problems is the most profitable way to buy and sell used cars. Sometimes the seller will see a puddle of coolant under the vehicle and will put up a for sale sign without investigating the problem out of pure laziness.

This is when you can give the seller 2 options. Either they can accept your low price offer (thousands below book value) or they can let you bring the vehicle into your trusted car mechanic for an estimate of repair.

Buying used cars the motivated seller

To minimize this risk form a relationship with a trusted auto repair shop. You can even strike a deal on the side to have a mechanic available to go directly to the vehicle and perform an on site evaluation.

I was approached by a used car dealer to do this. It was a great win win situation for us both. He would research private sale cars and find a couple of low price vehicles. He would set up the appointments and take me to the vehicles.

He would pay me for my time and buy me lunch. I loved to check vehicles for him. This guy was a sharp negotiator he would use everything I found to shave thousands off the asking price.

Sometimes my shop would see the repairs of these vehicles and some times this guy would just throw a detail on the vehicle and flip it as is for giant profits.

This dealer made over 150k a year buying and selling used cars. His car lot was tinny and his inventory was under 25 cars for years. But the way he bought the cars and displayed them on his tiny lot made him steady money for as long as I can remember.

Selling used cars for profit

Last time I spoke with him he had added 2 more tiny car lots to his business. He liked the small lot approach because the rents where cheep and he could pack small amounts of inventory onto the lots making the business appear larger then it was.

His inventory was perfectly diversified. He had a lot of high line cars that wear affordable due to being older units with high miles. He also specialized in first time buyer cars like Ford probes and Chevy cavaliers. There was something for everyone that came on his lot!

His latest buy and sell used car venture was the addition of a buy here pay here lot. He would self finance checked out buyers and make crazy money on the sale of the vehicle and the interest on the car loan itself.

this used cars resource page.

Make sure the title is clean and your protected using the same service I do AutoCheck®

Take a look my main page about this buy and sell cars for a living subject. This start page is about getting a head start on the making noney with cars process

After you buy and sell cars for a while you may want to expand and get your own dealer license. I have provided some free information about this on the next page. Buy and sell cars with a car dealer license





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