I got involved with real estate after making money buying and selling cars. Anyone else deal with cars here?
How does buying and selling cars work?
Buy a car and resell it for a profit.
About the same, buy wholesale and sell retail. :beer
It works the same as houses, A friend of mine does that too.
We can have cars, too?
Let’s have a vote? Who thinks that this car dealer should be “waxed”?
Keith
His other posts were actually real estate related…doesn’t seem that he is here to just promote his car biz. Though him washing and waxing my car would be nice.
So is that a vote for “Live” of for “Die”?
Remember that you got to kill the last violator! LOL
For now live…but if I get bored I might get out the rifle.
I know a few people that make their living and a very good living out of buying and selling used cars
From what I understand, an average Joe can legally only sell 4 per year. Unless you gets a dealer’s license, which I hear is quite costly to maintain, and you are required to carry expensive insurance.
So it is not as easy as just buy a car and sell it at a profit. Like I said, how do you buy and sell cars for a profit? Where do you find wholesale cars and where do you sell them for retail? Sounds like speculation to me. Do you buy Mustangs, Taurus’, Jeeps, how do you do it?
From what I understand, an average Joe can legally only sell 4 per year. Unless you gets a dealer’s license, which I hear is quite costly to maintain, and you are required to carry expensive insurance.
Where did you get your info from? It’s only hearsay and opinions unless you know. Different states will have different codes/laws concerning sales. Some may be costly, others not. So what if it’s 4 per person? If you’re married, that’s 8 a year without a dealer’s tag.
So it is not as easy as just buy a car and sell it at a profit. Like I said, how do you buy and sell cars for a profit? Where do you find wholesale cars and where do you sell them for retail? Sounds like speculation to me. Do you buy Mustangs, Taurus’, Jeeps, how do you do it?
Blue,
You have bought and sold property, right? The concept is the same. You buy low and sell higher. It works with houses, cars, heck anything that has a value, perceived or otherwise. I did it with comic books for years. You can find wholesale cars at auctions, but the best place is from individuals (just like houses) that don’t want them anymore. Do a little spit and polish and stick 'em out in your front yard with a sale sign.
Raj
I get my info from looking into selling cars a few years ago. I can only speak for Louisiana, and the limit is four, per location, not only per person. Call it hearsay, whatever, that’s why I used the term “from what I understand”, but it wasn’t info I read on a fortune cookie or the back of a cereal box.
There is a limit like that in CT as well if I remember correctly.
You could buy whatever you want, Taurus or Porsche Targas… like some of the people say…
Buy low, sell high.
I guess only a few people here are also into cars?