Buying and selling cars/vans
Discussion
From my experience of looking into this and various other posts, it is really hard to make money in this field. Its not impossible as if you keep an eye out on the classifieds, ebay etc you can come across cars that are being sold below market value. Only problem is that it takes time finding these types of cars and there are loads of other hunting them.
About 4 years ago I met a person who bought cars through a contact working for a very large auction company. He was able to secure any car from their daily lists at prices ranging from 30% to 50% below their normal selling prices. He allowed me to buy a 06 plate Boxster for 8K which I took the next day to a porsche specialist who bought the car from me for 14k! I also realised that many other traders had similar contacts which allowed them to secure cars far cheaper than normal. Without this type of 'arrangement' I guess its very hard to do well from buying and selling cars.
About 4 years ago I met a person who bought cars through a contact working for a very large auction company. He was able to secure any car from their daily lists at prices ranging from 30% to 50% below their normal selling prices. He allowed me to buy a 06 plate Boxster for 8K which I took the next day to a porsche specialist who bought the car from me for 14k! I also realised that many other traders had similar contacts which allowed them to secure cars far cheaper than normal. Without this type of 'arrangement' I guess its very hard to do well from buying and selling cars.
Well I'm calling complete shenanigans on the above post but real world advice is you can probably make a bit of pocket money doing it part time but if you want any real rewards pick a specialty and stick to it. And be keener than your competitors.
I buy and sell mainly Lotus cars. The car sales part of our business has been running for just a year but we have done pretty well quickly becoming one of the biggest independents in the UK. You need to be on the ball and I can guarantee I spend more time than anyone else looking for stock and have 10 years of experience with the marque so know as much as probably anyone does about the cars we sell.
There will be specialists like me for every area of the car market and thats what makes it so tough. You have to live and breathe it 24/7 to make it as an indie!
I buy and sell mainly Lotus cars. The car sales part of our business has been running for just a year but we have done pretty well quickly becoming one of the biggest independents in the UK. You need to be on the ball and I can guarantee I spend more time than anyone else looking for stock and have 10 years of experience with the marque so know as much as probably anyone does about the cars we sell.
There will be specialists like me for every area of the car market and thats what makes it so tough. You have to live and breathe it 24/7 to make it as an indie!
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