Comments on: Moron Steals Car During Test Drive! http://www.buy-and-sell-cars-for-profit.com/blog/moron-steals-car-during-test-drive/ How To Make Money Buying and Selling Cars for Profit. Sun, 07 Sep 2008 13:25:29 +0000 http://wordpress.org/?v=2.6 By: admin http://www.buy-and-sell-cars-for-profit.com/blog/moron-steals-car-during-test-drive/#comment-76 admin Wed, 02 Jul 2008 21:09:19 +0000 http://buy-and-sell-cars-for-profit.com/blog/?p=8#comment-76 I'm not sure I fully understand your question Sandra. If you are asking if there is way for buyers to pay you for a used car in monthly installments, then yes, you can do that. I am not a lawyer so I can not give legal advice here, but you would need to write up some kind of agreement that will describe the terms (monthly payment, interest, and due date) and both of you get a signed and dated copy. This agreement or note should clearly state that if they become delinquent with the payments then you get the car back. Of course, just like any lender, you would keep the title until they have paid off the loan. I have yet to do this, but this can actually be a very profitable way to conduct business and others have made a TON of money doing this because the car ultimately will sell for a lot more than it would in a normal cash sale...plus you make money from the accrued interest. You state that you don't have enough money to start. Raising cash is something I discuss in one of bonus books that comes with <a href="http://www.buy-and-sell-cars-for-profit.com" rel="nofollow">The Lazy Way To Buy And Sell Cars For Profit</a>. :-) Steve I’m not sure I fully understand your question Sandra. If you are asking if there is way for buyers to pay you for a used car in monthly installments, then yes, you can do that. I am not a lawyer so I can not give legal advice here, but you would need to write up some kind of agreement that will describe the terms (monthly payment, interest, and due date) and both of you get a signed and dated copy. This agreement or note should clearly state that if they become delinquent with the payments then you get the car back. Of course, just like any lender, you would keep the title until they have paid off the loan. I have yet to do this, but this can actually be a very profitable way to conduct business and others have made a TON of money doing this because the car ultimately will sell for a lot more than it would in a normal cash sale…plus you make money from the accrued interest.

You state that you don’t have enough money to start. Raising cash is something I discuss in one of bonus books that comes with The Lazy Way To Buy And Sell Cars For Profit. :-)

Steve

]]> By: sandra http://www.buy-and-sell-cars-for-profit.com/blog/moron-steals-car-during-test-drive/#comment-70 sandra Sat, 28 Jun 2008 14:50:08 +0000 http://buy-and-sell-cars-for-profit.com/blog/?p=8#comment-70 I´m from Portugal. Seems my problem is how to have cash for the firsts transactions. My problem is this: I know people wo wants a car and I know someone wo sells the car they want, but the seller wants all the money when give me the car, but the buyer just CAN give to me some cash every month. How can I do this? How can I pay money that I didn´t have? I´m from Portugal. Seems my problem is how to have cash for the firsts transactions. My problem is this: I know people wo wants a car and I know someone wo sells the car they want, but the seller wants all the money when give me the car, but the buyer just CAN give to me some cash every month. How can I do this? How can I pay money that I didn´t have?

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