How To Make Money With Used Cars!
|
By C.L. Spartalis
|
One of the most
important purchases consumers
make is a car. The average consumer
purchases another car every several
years. With the High Cost of new
cars millions of people are opting
to purchase affordable used cars.
There is a Massive opportunity
to earn an excellent income. Help
fill this high demand for quality
used cars at affordable prices.
When starting out you should focus
on cars under the $4,000 range.
Do some research and find out
what the most popular best selling
cars in your area are. By staying
in the lower price ranges with
these popular vehicles you will
be in a higher demand market since
more people can afford these vehicles
than higher priced more expensive
cars, this will make it much easer
to sell quickly for a profit.
You make your money when you buy,
this is an important key to your
success. You will need to pay
wholesale price or below less
the cost of any needed repairs,
and other expenses ie: detailing,
newspaper ads, etc. Once you know
the wholesale price, less repair
costs and expenses, you will know
how much you can pay for a car.
If you buy it right you wll be
able to sell it at a profit and
still give the buyer a great deal.
One of the most important things
you can do to purchase a used
cars at bargain prices is to do
your homework. You should check
your local classified ads and
see what the asking price is for
the type of vehicle that you are
in the market for.
Make sure to get the high and
low Blue Book and wholesale prices
on the vehicle that you are interested
in. Here are some excellent sources
for getting pricing:
NADA GUIDES - www.nadaguides.com
KELLEY BLUE BOOK - www.kbb.com
EDMUNDS - www.edmunds.com
Other resources to check with
is CARFAX. They can supply you
with the vehicle history report.
The National Highway Traffic Safety
Administration has a research
area to check recall history on
cars. We recommend that you have
the vehicle you are interested
in purchasing be inspected by
your own mechanic prior to purchase.
Newspaper Classified Ads are an
excellent place to find cars at
well below retail prices. Many
of these people will be happy
to sell their used cars for several
hundred dollars more than what
was quoted by the dealer and you
will end up with an EXCELLENT
BUY!
Online Auctions can be a great
place to find bargains. You can
shop right from the comfort of
your own home. Look for auctions
with no reserve, these auctions
don’t have a minimum price before
they will sell.
Public Car Auctions are open to
the general public and do not
require you to have a Dealer’s
License. Public auctions can be
an excellent place to purchase
cars at wholesale prices. Some
of these auctions are: Auction
Repossessions of Credit Unions,
Banks & Lending Institutions.
Some public auctions also auction
Police and Local Municipalities,
City, State, & County vehicles.
Estate and Bankruptcy Auctions
can be a very good place to purchase
vehicles at wholesale prices.
These auctions are usually advertised
in newspaper classified section
or handled by Probate Estate Auctioneers.
Government Auctions are an excellent
source for bargin vehicles. They
include vehicles from DEA drug
raid seizures, FBI, IRS, U.S.
Customs Auctions, Department of
Defense, General Services Auctions,
Resolution Trust Corporation,
Department of Housing and Urban
Development, and U.S. Postal Services.
Rental Car Companies often sell
their fleet of cars by auction.
They can be a great source of
cars. Contact these large companies
and inquire.
Dealer Auctions can be one of
the best sources to cars at below
wholesale prices. Most of these
auctions require that you have
a dealer’s license. These auctions
include lease cars, trade-ins,
rentals, and fleet vehicles.
Stay away from used cars that
need major mechanical repairs
or body work. Look for good, dependable
cars, if the pait is a little
dull or the rug is dirty, you
can detail, polish and wax the
car and clean the carpet. Replace
the floor mats if needed. By doing
a few hours of work, you can make
your car worth hundreds or even
thousands of dollars more. By
having a clean care, inside and
out, you will attract more buyers
that will be willing to pay you
top dollar for your car.
When your car is ready to sell,
you can place and ad in your local
newspaper's classified section,
or you can place your ad on the
internet and reach a wider audience.
CARS.COM and AUTOBYTEL.COM has
a lot of traffic and is enexpensive.
Selling cars through online auctions
has also become very popular.
It has become one of the easiest,
fastest, and most cost effective
methods to reach your target audience
of hundreds and even thousands
of people looking at your car.
EBAYMOTORS.COM or AUCTIONYOURAUTOS.COM
are both online auction sites.
Most states require that you have
a Dealer's License when you buy
and sell vehicles for profit.
Check with your states Department
of Motor Vehicles or Department
of Public Safety for more information
on how to obtain a Dealer's License.
It is important to consult with
your attorney, insurance agent,
accountant, and other government
officials to determine what permits,
licenses, records, insurance policies,
etc., are required.
|
About The Author
C.L.Spartalis is the publisher
of The of How To Turn Used Cars
Into Ca$h With Your Computer.
No Inventory Required. http://www.turnusedcarstocash.com/home.html
Article Source: http://EzineArticles.com/?expert=C.L._Spartalis
|
|
