Are You Making Money Now Buying And Selling Cars?
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Tags: buy and sell cars for profit, buying and selling cars, recession proof business
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Steve you are very right – even in MI where everyone thinks economy is dead, people buy cars up to $6000.00 and they do pay CASH! But selling $8K car is a totally diff. story
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Steve- Haven’t written in a while, but the $1500 to $5000 range is where we’re at ;and the range works! After 9 months, 55 cars sold on a little lot in central Vt.(Despite my stupidity and mechanical ineptitude).
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@Don: Good deal Don! Glad to read that you are making money buying and selling cars. Its also good to get confirmation of the target price range I discussed in my post here. Have sales slowed down for you a lot since the economy went south?
Thanks for checking in and keep in touch.
Steve
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Hi Yev,
Wow, thats awesome that Michigan is still cranking for you because that is the one part of this country where the economy was supposed to be as dead as it can get. I read about how they were auctioning houses in Detroit for something like $15,000.00…and that was over a year ago! Can’t imagine what is going on there now with the Wall Street meltdown and talk of GM going down the tubes. But that is great that YOU are making money. Interesting about the $8000.00 barrier too, but not surprised at that either.
Keep in touch Yev.
P.S. Yev, weren’t you the one that called me a couple months ago to tell me that U.S. made cars were still preferred over “foreign” cars in your area?
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Hi,
I bet those who read your post definitely likes to make the most of the car deals available. But, jokes apart, this surely is the right time to invest on a car.
-Nancy
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Steve,
I stumbled across you ebook and blog while doing research into selling used cars. I’m impressed with your marketing and especially this blog which drives home that you really are in the biz and willing to help/mentor others. I haven’t bought your book yet but I intend to.
Can you recommend other blogs that may be along the lines of this one where amateur/small business people can network and get insider tips?
In addition it looks like someone is spamming your comments section.
All the best,
Phil
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@Phil:
Hi Phil,
I don’t know of anything like that but I’m sure there are many. Just do a Google search for something like “small business blog” (or forums) without the quotes, or use any relevant search terms you can think of.
Thanks for the heads up on the spam Phil!
Steve
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Hey Steve,
It’s been a few months. I haven’t seen any posts for a while. Are you still in the car business?
Hope that all is well.
Phil
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Yes I’m still around Phil. I’m still alive and well and just made a new post here…
http://www.buy-and-sell-cars-for-profit.com/blog/car-dealers-stop-selling-new-cars/
Thanks for checking in! :-)
Steve
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Hi Steve, always a pleasure reading your blog. You mention several price ranges to sell cars. I want to focus on the $500-$3000 range. Usually these cars are not in the best mechanical condition. Want you have a bad reputation in the community selling these cars,? Do you have a strict selection process that will not have you in the “bad” taste section of town? Thank you for all you do.
Andrew.
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Hi Steve, not sure if my e-mail got to you. Do you think selling $500-$3000 cars will ruin your reputation for selling dependable cars? Do you have a really strict selection process of these cars? Thank you for your response.
Andrew.
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Hi Andrew,
I mention cars in the cheap range only because they are so easy to sell and because its easy to get cashed out. You should be okay selling cheap cars as long as you are very clear with your buyers about the condition of the vehicles you are selling as I discuss often in The Lazy Way To Buy And Sell Cars For Profit. That means no holding back on something that you feel (or know) is going to cost them an arm and a leg soon. Yes of course you will be blowing off potential buyers, but your integrity is worth more than that and its just not worth the hassles and bad vibes.
As far as what litmus test I would use to NOT sell a car to someone…
Well, I did it once even though I was totally honest with the buyer and learned my lesson, but I would not sell a car that I suspect or know to have lower engine issues (or a tranny rebuild) unless I knew that my buyer was fully aware of the problem and had the skills to fix it themselves, or at least knew how expensive a full re-build would cost them…and was open and willing to have to pay for that.
Anything else? :-)
Steve
http://www.Buy-And-Sell-Cars-For-Profit.com
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Thank you for the reply. Integrity is one of my watch words. Up front information is the ony way to go. I will be in touch.
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