Comments on: Would it be lucrative to buy repo cars from auctions and then sell them for actual value? http://www.suffuses.com/would-it-be-lucrative-to-buy-repo-cars-from-auctions-and-then-sell-them-for-actual-value/ Tue, 20 Jul 2010 00:11:37 +0000 http://wordpress.org/?v=2.9 hourly 1 By: mannyhttp://www.suffuses.com/would-it-be-lucrative-to-buy-repo-cars-from-auctions-and-then-sell-them-for-actual-value/comment-page-1/#comment-293 manny Thu, 25 Dec 2008 18:10:00 +0000 http://www.suffuses.com/would-it-be-lucrative-to-buy-repo-cars-from-auctions-and-then-sell-them-for-actual-value/#comment-293 To see how lucrative it is, you only need look at all of the used car lots in any given city. Cuzz that's what they do.The best way to do it on a small scale would be to obtain a dealer's license, buy cars that need a little bit of mechanical work, do the work, and then sell them. Get some detailing equipment, and spend time dusting out the cracks, and buffing the outside, and you can increase your resale value that much more. Start with one car, and go from there. To see how lucrative it is, you only need look at all of the used car lots in any given city. Cuzz that’s what they do.

The best way to do it on a small scale would be to obtain a dealer’s license, buy cars that need a little bit of mechanical work, do the work, and then sell them. Get some detailing equipment, and spend time dusting out the cracks, and buffing the outside, and you can increase your resale value that much more. Start with one car, and go from there.

]]> By: fire4511http://www.suffuses.com/would-it-be-lucrative-to-buy-repo-cars-from-auctions-and-then-sell-them-for-actual-value/comment-page-1/#comment-292 fire4511 Tue, 23 Dec 2008 16:58:24 +0000 http://www.suffuses.com/would-it-be-lucrative-to-buy-repo-cars-from-auctions-and-then-sell-them-for-actual-value/#comment-292 To buy and sell vehicles, you will need a dealer license. Check with your state MVA for the requirements. You also need to realize that if there was a way to make a lot of money buying repos, dealers would already be buying them. Repo cars may be a bit cheaper, but they also usually need a lot of work.It is a good thing you want to do it legally, but do some serious research before you do this. To buy and sell vehicles, you will need a dealer license. Check with your state MVA for the requirements. You also need to realize that if there was a way to make a lot of money buying repos, dealers would already be buying them. Repo cars may be a bit cheaper, but they also usually need a lot of work.

It is a good thing you want to do it legally, but do some serious research before you do this.

]]>