Welcome To My World Of Buying And Selling Cars

Experiments in motion blur / speed photosWelcome to my world of buying and selling cars for profit. This is my new blog. I changed hosts for my site www.Buy-And-Sell-Cars-For-Profit.com recently and dumb me didn’t realize that I would lose all my previous blog posts. Oh well, time to start over.

Please check back often as I add updates that will actually relate to the subject of how to buy and sell cars for profit. Whoa, imagine that!

Thanks!

Steve

Facebook Comments
photo by:
Facebooktwittergoogle_plusredditpinterestlinkedinmail

23 thoughts on “Welcome To My World Of Buying And Selling Cars

  1. Bob in Michigan

    I’d like to be able to read about how others are doing with their car sales. Maybe what State they are in and what makes/models are selling well. It helps to have that sense of community.

    Reply
  2. admin Post author

    Thanks Miranda! :-)

    Reply
  3. admin Post author

    Hey Bob in Michigan…

    Yes exactly and soon I’ll be starting a forum where you will be able to share your idea’s, experiences and success stories about buying and selling cars for profit with others all over the world that are doing the same thing. I think this will be great for creating that “sense of community” you are speaking of. What do you think?

    Steve

    Reply
  4. Godwin Kaluwe

    I am interested in buying and selling cars. Let us talk business

    Reply
  5. art

    Yes it would be nice to see how others are doing in this biz.

    Reply
  6. Rich Peacock

    Looking forward to the updates, Steve. You are one of the few guys on the internet who cares about his customers and continues to help them after the purchase of the original product.

    Reply
  7. Dot Thomas

    Please add me to your mailing list.
    Thank you.

    Reply
  8. Robbye

    A hundred years ago, ok, I’m exaggerating, about 35 years ago, now, I’m not exaggerating, I’m, well, old, I used to buy and sell cars for a living. One at a time but often. Engines were simple then and paint jobs were more obvious so it was harder to get “ripped off”.

    Now engines are run by computers and the world of cars has changed. Is it possible to sell cars without having a retail lot? Are car fax sheets reliable? I checked and in my state you have to have a retail address to get a license to sell cars. That is more of an obligation than I want to get into. Can I be “small time” and still sell cars successfully?

    I’ve placed ads to sell my personal car and received no calls, not one, and it was priced low. I finally sold it to a dealer. I assume I can’t write an ad properly!

    Any opinions on the above questions? Thanks.

    Reply
  9. admin Post author

    Hi Godwin,

    I think that probably the best thing you can do at this point is to check out my home page http://www.Buy-And-Sell-Cars-For-Profit.com and if you are still interested and then go ahead and subscribe to my free newsletter. :-)

    Steve

    Reply
  10. admin Post author

    Dot,

    Sorry but I can’t manually add anyone to my mailing list (its a spam protection thing). Please go to my home page http://www.Buy-And-Sell-Cars-For-Profit.com and subscribe to my newsletter and then you’ll be in my system.

    Thanks.
    Steve

    Reply
  11. admin Post author

    Hey Rich…

    Coming from someone like YOU that bought my book almost 3 years ago, your kind words really mean a lot to me. Thank you!

    Steve

    Reply
  12. admin Post author

    Robbye…

    Hah hah, age doesn’t matter Robbye…at least not with the way I buy and sell cars.

    No doubt that cars are more complicated now with all the computer b.s. but you can still definetely make some good money doing this part or full time without a retail lot. These guys are making money buying and selling cars… http://www.buy-and-sell-cars-for-profit.com/testimonials-for-the-lazy-way-to-buy-and-sell-cars-for-profit.html

    One option IF you do choose to get a car dealers license but don’t want some big high overhead lot can be seen here…

    http://www.buy-and-sell-cars-for-profit.com/make-money-selling-used-cars-with-a-consignment-car-lot.html

    And…

    http://www.buy-and-sell-cars-for-profit.com/buy-and-sell-cars-from-a-gas-station.html

    I have personally never had a reason to get a Carfax vehicle history report. However, Carfax is useful in showing the chain of ownership. This can be especially useful if you are dealing in late models cars that might be selling suspiciously cheap (because perhaps they were totaled by the insurance company and re-titled in another state. Known as ‘title washing’).

    You can read more about the ‘title washing’ issue here:
    http://www.buy-and-sell-cars-for-profit.com/flood-damaged-cars.html

    It could be your ad, but tax time can be slow for selling stuff and people aren’t much into gas guzzlers right now (if thats what it is)…unless they are reeeeeally cheap. Why don’t you tell us the particulars of the car you’re selling (model, year, miles, engine type, general running condition and interior and exterior appearance) and maybe I can respond as to why its not selling.

    Steve

    Reply
  13. Mark

    Good luck with the blog Steve – looking good!

    Reply
  14. Tony

    I am very interested in getting started in this business. Many moons ago i was a carsalesman. Recently, a relative of mine mentioned he was interested in saleing his Jeep. It accured to me that i could sell it for him at a commision or for his price and add my commision onto it. What do you think. Thanks, Tony

    Reply
  15. admin Post author

    Hi Tony,

    There are two ways to handle selling a car for someone else (a consignment)…

    1) Sell the car for a straight commission…or…
    2) Sell the car for anything over and above a pre-agreed upon selling price.

    Unless you are really familiar with the market and what this particular car should sell for then a straight commission is usually the best way to sell a car for someone else.

    To preserve good relations with your family member (IMPORTANT!), I suggest going the straight commission route and writing up a simple little agreement stating the percentage of your commission. You might also consider stating on there how much you should get if they choose to NOT sell the vehicle after you have prepped it. After all, you should get something for the time you spent cleaning it, fixing things, placing ads, fielding phone calls, showing the car, etc., etc.

    I’ve sold cars for other people both ways and only had two times that things got weird. I learned from both experiences though and don’t do things that way anymore, but here is what happened…

    I agreed to sell a car for a relative for anything above a certain price. The price was set by my relative…and I later learned that it was unrealistic (My mistake cuz I left the pricing research up to him). That deal was a HUGE hassle because stuff started breaking on the car immediately (like power windows) and I had to take the time to fix it and there were other things wrong too that I don’t remember now. It was a very complicated VW Corrado. I finally sold it and deducted everything it cost me to repair it and didn’t make a penney on it.

    The other time was for a friend. It was a VW bus. I cleaned that thing thoroughly but the wife-ee of my friend kept raising the price (because it looked so good after I prepped it) and then it wouldn’t sell and she took it back, and again, I didn’t make a penney on it.

    Actually, both times I was glad to get rid of the thing and just be done with it. The mistake was that I kind of let things be on a more casual basis BECAUSE I was dealing with family and a friend (BIG mistake!). In fact, it is with family and friends that you really need to be MORE careful…assuming you like them and want to hang out with them later!

    Steve

    Reply
  16. Pingback: residual income

  17. Florence Donaldson

    yyr9f5mwkemq1our

    Reply
  18. Jannette Edeline

    An execllent posting with valid points, We’ve been a lurker here for some time but wish to become a lot more included in the future.

    Reply
  19. Online Shopping

    Hi, I can’t understand how to add your site in my rss reader. Can you Help me, please :)

    Reply
  20. Oscar

    Good post.Thank you. Brilliant.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *