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Anyone here sell vehicles on the side?
Posted on 5/14/18 at 1:33 pm
Posted on 5/14/18 at 1:33 pm
Looking to get a dealership license.. Not trying to turn into a full time job, just picking up some vehicles from an auction and selling them. Anybody have experience in this and can give a few pointers?
This post was edited on 5/14/18 at 1:43 pm
Posted on 5/14/18 at 2:05 pm to StealthCalais11
This sounds like a good Idea.
Posted on 5/14/18 at 3:21 pm to OakdaleTiger21
No
But I do know some people that work part time jobs as car salesmen
But I do know some people that work part time jobs as car salesmen
Posted on 5/14/18 at 6:22 pm to OakdaleTiger21
BigFella used to sell cars on the side. Maybe he'll come out of hiding and help you out.
Posted on 5/14/18 at 7:31 pm to OakdaleTiger21
quote:
Looking to get a dealership license..
Dependent upon your state it can be costly to obtain a license. Some states require a physical lot with an office, signage, proof of garage keepers insurance policy, surety bond, etc
Posted on 5/14/18 at 9:30 pm to weadjust
Bump this thread I would like to learn too.
Posted on 5/14/18 at 9:40 pm to theicebox
Had a close friend who has his license, flipped a couple cars with him throughout last year, prior to hurricane Harvey flooding the auction market.
Majority of the vehicles we would purchase would be diesels, best money makers... only issue is you have to know how to work on cars, as you typically don’t get to drive them prior to purchasing & believe me when they say run and drive all they mean is when it’s it drive it moves forward.
Best luck is to look for vehicles that are repossessions & or stolen & recovered. They’re less likely to have mechanical issues.
Avoid cars from up north, due to the salts on the road they rust very rapidly.
Good luck! & like i said previously, look at diesel trucks - bought a 5.9 Cummins for 4.2k & sold it for 11.5 in two days
Majority of the vehicles we would purchase would be diesels, best money makers... only issue is you have to know how to work on cars, as you typically don’t get to drive them prior to purchasing & believe me when they say run and drive all they mean is when it’s it drive it moves forward.
Best luck is to look for vehicles that are repossessions & or stolen & recovered. They’re less likely to have mechanical issues.
Avoid cars from up north, due to the salts on the road they rust very rapidly.
Good luck! & like i said previously, look at diesel trucks - bought a 5.9 Cummins for 4.2k & sold it for 11.5 in two days
Posted on 5/15/18 at 7:52 am to LSUmajek
Laws may have changed, but it used to be that you could only sell a certain amount per year without having a physical car lot. I have thought about doing this for years but never took action.
My plan was to buy a nice truck at auction, drive it for a couple months then list it for sale. Do this about 5 times per year. Make some extra money and always have a new truck to drive. I have a Tacoma as a secondary vehicle that I would drive in-between.
My plan was to buy a nice truck at auction, drive it for a couple months then list it for sale. Do this about 5 times per year. Make some extra money and always have a new truck to drive. I have a Tacoma as a secondary vehicle that I would drive in-between.
Posted on 5/15/18 at 10:17 am to TigerMan79
An acquaintance did exactly that in college. The number was 6 sales per year or less.
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