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Anyone here sell vehicles on the side?

Posted on 5/14/18 at 1:33 pm
Posted by OakdaleTiger21
Member since Apr 2014
144 posts
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 by StealthCalais11
Lurker since 2007
Member since Aug 2011
12450 posts
Posted on 5/14/18 at 1:40 pm to
*sell
Posted by theicebox
Member since Oct 2017
710 posts
Posted on 5/14/18 at 2:05 pm to
This sounds like a good Idea.
Posted by Powerman
Member since Jan 2004
162231 posts
Posted on 5/14/18 at 3:21 pm to
No

But I do know some people that work part time jobs as car salesmen

Posted by NewIberiaHaircut
Lafayette
Member since May 2013
11559 posts
Posted on 5/14/18 at 6:22 pm to
BigFella used to sell cars on the side. Maybe he'll come out of hiding and help you out.
Posted by weadjust
Member since Aug 2012
15110 posts
Posted on 5/14/18 at 7:31 pm to
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 by theicebox
Member since Oct 2017
710 posts
Posted on 5/14/18 at 9:30 pm to
Bump this thread I would like to learn too.
Posted by LSUmajek
Kemah
Member since Dec 2013
546 posts
Posted on 5/14/18 at 9:40 pm to
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
Posted by TigerMan79
Lake Charles
Member since Jul 2014
808 posts
Posted on 5/15/18 at 7:52 am to
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.
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 5/15/18 at 10:17 am to
An acquaintance did exactly that in college. The number was 6 sales per year or less.
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