Comments on: Welcome To My World Of Buying And Selling Cars! http://www.buy-and-sell-cars-for-profit.com/blog/welcome-to-my-world-of-buying-and-selling-cars-for-profit/ How To Make Money Buying and Selling Cars for Profit. Sun, 07 Sep 2008 13:24:40 +0000 http://wordpress.org/?v=2.6 By: admin http://www.buy-and-sell-cars-for-profit.com/blog/welcome-to-my-world-of-buying-and-selling-cars-for-profit/#comment-21 admin Wed, 23 Apr 2008 21:35:05 +0000 http://buy-and-sell-cars-for-profit.com/blog/?p=1#comment-21 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 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

]]> By: Tony http://www.buy-and-sell-cars-for-profit.com/blog/welcome-to-my-world-of-buying-and-selling-cars-for-profit/#comment-20 Tony Wed, 23 Apr 2008 19:53:59 +0000 http://buy-and-sell-cars-for-profit.com/blog/?p=1#comment-20 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 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

]]> By: admin http://www.buy-and-sell-cars-for-profit.com/blog/welcome-to-my-world-of-buying-and-selling-cars-for-profit/#comment-19 admin Wed, 23 Apr 2008 01:24:24 +0000 http://buy-and-sell-cars-for-profit.com/blog/?p=1#comment-19 Its a start Mark. Thanks! Steve Its a start Mark. Thanks!

Steve

]]> By: Mark http://www.buy-and-sell-cars-for-profit.com/blog/welcome-to-my-world-of-buying-and-selling-cars-for-profit/#comment-17 Mark Sat, 19 Apr 2008 03:32:00 +0000 http://buy-and-sell-cars-for-profit.com/blog/?p=1#comment-17 Good luck with the blog Steve - looking good! Good luck with the blog Steve - looking good!

]]> By: admin http://www.buy-and-sell-cars-for-profit.com/blog/welcome-to-my-world-of-buying-and-selling-cars-for-profit/#comment-16 admin Fri, 18 Apr 2008 19:03:58 +0000 http://buy-and-sell-cars-for-profit.com/blog/?p=1#comment-16 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 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

]]> By: admin http://www.buy-and-sell-cars-for-profit.com/blog/welcome-to-my-world-of-buying-and-selling-cars-for-profit/#comment-15 admin Fri, 18 Apr 2008 18:38:02 +0000 http://buy-and-sell-cars-for-profit.com/blog/?p=1#comment-15 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 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

]]> By: admin http://www.buy-and-sell-cars-for-profit.com/blog/welcome-to-my-world-of-buying-and-selling-cars-for-profit/#comment-14 admin Fri, 18 Apr 2008 18:27:31 +0000 http://buy-and-sell-cars-for-profit.com/blog/?p=1#comment-14 Dot, Sorry but I can't manually add anyone to my mailing list (its a spam protection thing). Please go to my home page www.Buy-And-Sell-Cars-For-Profit.com and subscribe to my newsletter and then you'll be in my system. Thanks. Steve 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

]]> By: admin http://www.buy-and-sell-cars-for-profit.com/blog/welcome-to-my-world-of-buying-and-selling-cars-for-profit/#comment-13 admin Fri, 18 Apr 2008 18:23:02 +0000 http://buy-and-sell-cars-for-profit.com/blog/?p=1#comment-13 Hi Godwin, I think that probably the best thing you can do at this point is to check out my home page 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 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

]]> By: Robbye http://www.buy-and-sell-cars-for-profit.com/blog/welcome-to-my-world-of-buying-and-selling-cars-for-profit/#comment-12 Robbye Fri, 18 Apr 2008 15:41:14 +0000 http://buy-and-sell-cars-for-profit.com/blog/?p=1#comment-12 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. 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.

]]> By: Dot Thomas http://www.buy-and-sell-cars-for-profit.com/blog/welcome-to-my-world-of-buying-and-selling-cars-for-profit/#comment-11 Dot Thomas Fri, 18 Apr 2008 12:35:06 +0000 http://buy-and-sell-cars-for-profit.com/blog/?p=1#comment-11 Please add me to your mailing list. Thank you. Please add me to your mailing list.
Thank you.

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