Thursday, May 8, 2008

How to Buy and Sell Cars for Profit

Buying monster magazines selling cars is an easy business. that is because most people dont want to hassle with selling drug interactions car much. They wont I Saw Three Ships clean it up, as they just want to get rid of Batman darn thing and will sell for a low price. All you have to do is make them a reasonable cash offer, and off you go with a vehicle that you can clean up and sell the very next weekend for a nice profit.

In my mid-twenties I worked with a guy who started buying and selling used cars on the side. We got to be pretty good friends. His name was Kelly, and we both worked for a company that wholesale-distributed auto accessories. There were one or two other guys in the company that were doing the same thing. But nobody did it as well as Kelly, he got the SAVE NOW on Quality Inkjet Cartridges. Up to 75% SAVINGS! process down to a science. It was very rare when he held on to a car longer than two weeks, and most were sold the very first weekend he had them for sale.

It wasnt very long before Kelly quit the job and just bought and sold cars full time for a living. Its what he loved to do. His landlord owned a dirt lot on a street with pretty good traffic and let him put Abba songs vehicles out there with a for sale sign on them. I always figured thats why he was so successful.

Years later Kelly confided in me that the dirt lot with the sign hardly ever sold a car; he pretty much did it all with Auto Trader ads. I asked him what his secret was, and he broke out a small worn-out blue notebook scribbled with pages of notes. In the front was a checklist that every car he bought and sold had to pass. He jokingly referred to it as his Kelly blue book of car value, a play on words on the famous Kelley Blue Book (the industry standard for used car values).

The bottom line was, he only went after certain high-demand vehicles and they had to meet certain criteria (as well him being able to buy them under market value). His main focus was on 10-year old 4-door Honda Accords and Japanese mini-trucks. They had to run well, have current registration tags, have a straight body, and good tires. The best prospects were dirty and had stained carpet and/or ripped front seats.

Cars that met his criteria could be cleaned up easily and have new seat covers thrown on, plus the carpet dyed, to spruce up real nice. Because the sellers didnt envision how nice the car would clean up he could buy them cheaply; and because they did clean up so well he could sell them quickly. That was the trick.

Follow Kellys example and you can have a nice car buying and selling business of your own.

Andrew Kasch is a car buff, and has bought and sold his fair share of cars for profit. To learn more about his friend Kellys car flipping tactics, visit www.kellybluebookcarvalue.infowww.kellybluebookcarvalue.info

1 Comments:

At May 8, 2008 at 11:21 AM, Anonymous Anonymous said...

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