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Buying And Selling Cars For Profit
Filed Under (Articles) by admin on 14-09-2006
Our neighbor Jose doesn’t speak much English, which makes it tough to live here in northern Michigan. Despite that, he made a profit of over $30,000 last year selling cars out of his front yard. It’s true that he’s a mechanic, and that helps, but it isn’t the key to his success.
The Key To Buying And Selling Cars
To make money selling cars you have to know the value of cars. Knowing which cars people most want might help too, but any car will sell for some price, and you need to know that price. Drive around looking at cars for sale, or cars just sitting idle in people’s yards. When you can easily look at a car and guess how much it will sell for, the rest is easy - just offer $1000 less. You’ll eventually buy a car, and sell it for a profit. Then you can and repeat the process.
To start learning about the used car market, you can watch the classified ads, keeping in mind that the asking prices are not the sales prices. Take notes. Used car pricing guides, such as the “bluebook,” generally show inflated retail prices. Use them, but assume you’ll sell the car for the “loan value”, or average wholesale price. In any case they are good to show to your prospective buyers.
If You Know Nothing About Cars
What if, like myself, you know nothing about buying and selling cars and don’t want to learn? Find a friend who knows cars and wants to
