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Buying
And Selling Cars
by
Steve Gillman
Our neighbor Jose doesnt speak much
English, which makes it tough to live here in northern
Michigan. Despite that, he made a profit of over $30,000
last year selling cars out of his front yard. Its true
that hes a mechanic, and that helps, but it isnt the key
to his success.
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The Key To Buying And Selling Cars
To make money selling cars you have to know the value of
cars. Knowing which cars people most want might help
too, but any car will sell for some price, and you need
to know that price. Drive around looking at cars for
sale, or cars just sitting idle in peoples yards. When
you can easily look at a car and guess how much it will
sell for, the rest is easy - just offer $1000 less.
Youll eventually buy a car, and sell it for a profit.
Then you can and repeat the process.
To start learning about the used car market, you can
watch the classified ads, keeping in mind that the
asking prices are not the sales prices. Take notes. Used
car pricing guides, such as the "bluebook," generally
show inflated retail prices. Use them, but assume youll
sell the car for the "loan value", or average wholesale
price. In any case they are good to show to your
prospective buyers.
If You Know Nothing About Cars
What if, like myself, you know nothing about buying and
selling cars and dont want to learn? Find a friend who
knows cars and wants to make money. For example, I gave
my brother $950 to buy an old truck because he said it
was worth more than twice that. Sure enough, he sold it
in a week and returned my money, plus half of the $900
profit.
I gave another friend $3200 to buy an old plastic-bodied
car. He paid $2200 for it, and put a transmission in it,
along with other minor repairs. I didnt know what a
Corvette was, why anyone would want a car from 1976, or
where to go to get a transmission put in for $800.
Fortunately, my friend did.
Less than two weeks later he sold the car for $4200 and
returned my money plus my half of the profit: $500. Ive
done this a number of times now with friends who know
more about cars than I do. Are you cash poor? A short
term cash advance on a credit card would have cost me
about $50, still leaving a profit of $450.
Here in Michigan, the law says you need a dealers
license if you sell more than six cars in a year. You
could have six titled in your name, six in your friends
name, and six in your wifes name. That gives you a good
chance to see if you like the business enough to get a
car dealers license. Check the relevant laws in your
state.
The key to buying and selling cars for profit is
knowledge - but you can get that from a friend.Steve
Gillman has been studying every aspect of money for
thirty years. You can find more interesting and useful
information on his website;
http://www.UnusualWaysToMakeMoney.com |
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Fundamentals for selling your own car
by
Graeme Sprigge
by Graeme Sprigge
Selling your car can be one of life's frustrating
experiences.
It can also be done with great success. Like any subject
- if
you know how to go about it it's easy. Here are some dos
and
don'ts that will make your car selling experience more
profitable and enjoyable.
1. Research
Your mission to sell your car always starts with
research. If
you've had it for some time the price could have changed
significantly. You need to bring yourself up to speed
with the
current market for your vehicle. This is the key to
developing a
realistic selling price. Many people sell their cars too
cheaply
or try to sell them for too much and are disappointed.
2. Have a plan
The least stressful way of selling your car is to have
plan. It
doesn't have to be long and involved but it does need to
be in
the right sequence. It's like moving houses - you pack
things
away, call the removalist and then unpack them in your
new
house. If you call the removalist before you've packed
there is
bedlam.
3. Put Yourself In The Buyer's Shoes
If you can imagine yourself in the shoes of the buyer
then you
will understand how to present your car. It is amazing
how many
people try to sell a dirty car. They may succeed but the
ultimate test is the final price.
4. Don't Mislead The Buyer
Even though it may be tempting to disguise faults, there
are very
good reasons why you should not. You will have a
difficult time
selling it if you are hiding something major and will
have fixed
attention on the sale thereafter. If you want to sleep
well at
night, be upfront. Cars get old and things go wrong with
them -
it's a fact of life. I have always found that being
upfront
was better, including financially. It's one
of those funny things - you seem to lose a few hundred
on the
car but you gain it somewhere else.
There are many buyers who will buy a vehicle with faults
because
they have the expertise and inclination to fix it.
This may seem controversial but having sold many cars I
can
attest that it is the way to go.
Graeme Sprigge - Author of The 90 Minute Car Salesman
- How to sell your car, get an extra $300-$3000, and
still have a life.
www.90minutecarsalesman.com Copyright 2005 Graeme
Sprigge. Please feel free to pass this article on to
your friends, or use it in your ezine or newsletter.
It's a shareware article. |
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Selling Cars On eBay With Great Results
by
Vigen Sargsyan
Recently launched
www.MrCarLister.com assists private auto sellers to
sell on eBay fast with great results.
(PRWEB) April 5, 2005 -- Ever thought of selling your
car online? It may be a very time and money consuming
process. Sometimes it takes up to six months to sell a
car online and hundreds of advertising dollars spent on
various sites.
Private sellers avoid listing their cars on eBay (number
one auto site in the world) because of its complexity.
Indeed, it is complex to list your car on eBay
effectively.
The good news, that recently launched
www.MrCarLister.com provides professional auto
listing services on eBay Motors' site for private
owners.
www.MrCarLister.com claims, that using their
services, the sellers will achieve better results on
eBay.
MrCarLister.com offers a truly valuable service to those
folks, who think of selling their car fast and for more
dollars. It is very easy to register and upload the
photos of your car. You can even submit an appraisal
request free of charge.
http://www.mrcarlister.com |
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