I stumbled upon an interesting business idea on how to buy and sell cars for profit a few years back…
I didn’t know anything about buying and selling cars for profit at the time, but it all started for me when my family and I moved to a new area.
Soon after moving, I was leaving a yard sale one day and noticed what was probably the filthiest little station wagon that I’ve ever seen parked in their carport. I inquired and they said they wanted $400.00 for it, but that they would have to recharge the battery.
As I said before, I didn’t know anything then about how to buy and sell cars for profit, but I could see this might be a really good deal.
So I took a peek and discovered that the body was straight, the interior was super clean, and the car had less than 50,000 miles on it!
The next day the guy called to tell me that he got the car running and I bought it and spent the afternoon cleaning it up and sold it within a few days for about $1600.00!
WHOA! That was the easiest $1200.00 I ever made!
I admit that I lucked out on that first deal and proceeded to make a lot of costly mistakes after that…but experience taught me one very important thing…
You can learn how to buy and sell cars for profit too, but to avoid the long process of trial and error that I went through, it really helps to find a mentor or car dealer that has done the same thing and is willing to show you.
And finding someone to show you is the key because this buy and sell cars for profit business has been a closely guarded secret by used car dealers for a very long time.