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How do used cars dealers buy n sell second hand cars to make a profit? |
Travel Info How do used cars dealers buy n sell second hand cars to make a profit? Travel Tips Dealers and private party sellers can often make money buying and selling cars. It is beneficial to find sellers that need to sell their cars immediately. Then, after cleaning the vehicle up and advertising it it is easy for a dealer or a private party seller to sell it for a profit of several thousands of dollars. If you buy and sell for a profit, www.dealyourcars.com Source(s): www.dealyourcars.com Other Travel Tips Many new car dealers take in used cars for trade ins, but don't want them all on their lot. So they sell them at car auctions which are open to people with a dealer's and resale license. Used car dealers can buy them there. My dad sold used cars. This is a guess I'm not positive this is the correct answer but I think they probably buy them wholesale and then sell them to you for more then what they paid because when you buy something wholesale you're not spending as much money as you would normally. To be honest I think all car salesman new or used are out to screw people over and do what's gonna put more money in their pocket even when they know they're convincing somebody that the car you're selling to them for $10,000.00 is only worth about $5000.00. Again this is just my opinion not a fact! Buy low, sell high. Simple. Buy at a bargain, put some value-added such as some form of overhauling, etc., and try selling them at a higher margin. The value-added car may find itself being exported. |
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