| Our neighbor Jose doesn't speak much
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| | my brother $950 to buy an old truck
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| English, which makes it tough to live
| |
| | because he said it was worth more than
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| here in northern Michigan. Despite that,
| |
| | twice that. Sure enough, he sold it in a
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| he made a profit of over $30,000 last
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| | week and returned my money, plus half of
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| year selling cars out of his front yard.
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| | the $900 profit.I gave another friend
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| It's true that he's a mechanic, and that
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| | $3200 to buy an old plastic-bodied car.
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| helps, but it isn't the key to his
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| | He paid $2200 for it, and put a
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| success.The Key To Buying And Selling
| |
| | transmission in it, along with other
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| CarsTo make money selling cars you have
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| | minor repairs. I didn't know what a
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| to know the value of cars. Knowing which
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| | Corvette was, why anyone would want a car
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| cars people most want might help too, but
| |
| | from 1976, or where to go to get a
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| any car will sell for some price, and you
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| | transmission put in for $800.
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| need to know that price. Drive around
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| | Fortunately, my friend did.Less than two
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| looking at cars for sale, or cars just
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| | weeks later he sold the car for $4200 and
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| sitting idle in people's yards. When you
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| | returned my money plus my half of the
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| can easily look at a car and guess how
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| | profit: $500. I've done this a number of
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| much it will sell for, the rest is easy -
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| | times now with friends who know more
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| just offer $1000 less. You'll eventually
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| | about cars than I do. Are you cash poor?
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| buy a car, and sell it for a profit. Then
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| | A short term cash advance on a credit
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| you can and repeat the process.To start
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| | card would have cost me about $50, still
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| learning about the used car market, you
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| | leaving a profit of $450.Here in
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| can watch the classified ads, keeping in
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| | Michigan, the law says you need a
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| mind that the asking prices are not the
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| | dealer's license if you sell more than
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| sales prices. Take notes. Used car
| |
| | six cars in a year. You could have six
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| pricing guides, such as the "bluebook,"
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| | titled in your name, six in your friend's
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| generally show inflated retail prices.
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| | name, and six in your wife's name. That
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| Use them, but assume you'll sell the car
| |
| | gives you a good chance to see if you
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| for the "loan value", or average
| |
| | like the business enough to get a car
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| wholesale price. In any case they are
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| | dealers license. Check the relevant laws
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| good to show to your prospective
| |
| | in your state.The key to buying and
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| buyers.If You Know Nothing About CarsWhat
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| | selling cars for profit is knowledge -
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| if, like myself, you know nothing about
| |
| | but you can get that from a friend.Steve
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| buying and selling cars and don't want to
| |
| | Gillman has been studying every aspect of
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| learn? Find a friend who knows cars and
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| | money for thirty years.
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| wants to make money. For example, I gave
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