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 will 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:
Vehix will help get more local ad dollars out of your most
important category
NADA GUIDES -
www.nadaguides.com |
www.vehix.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
Used Car 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 Car 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 Car 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 Car Auctions are an excellent source for bargain 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.
Car
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 expensive. 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.
www.turnusedcarstocash.com/home.html
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