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Used Car Dealers How to Find Cheap Cars to Resell for a Profit

by

Adnan Masood

Are you a new used car dealer who wants to expand your inventory? If so, you need cheap vehicles that you can resell for a profit. Sounds easy enough, but how should you get started?

Auto Auctions: It is no secret that most used car dealers get their inventory from auctions. You should have lots of auctions to choose from. For instance, you might find a general auto auction in your immediate area and then have a dealer auction (where only dealers are allowed to bid). The only downsides are the transportation issues and the fact that there are no guarantees. You might walk away with no cheap vehicles to resell or twenty of them, but do you have a plan to get them back to your dealership lot?

Online: There are a number of car buying websites online. However, these listings are typically posted by dealers just like you. It might be within your best interest to focus your attention on classified websites or marketplaces online. You should be able to find some cheap for sale by owner vehicles that you can buy and then resell for profits. You will encounter some sellers asking the suggested value as outlined in the Kelley Blue Book. This doesnt leave much profit room, but remember that you are a used car salesperson who was born to negotiate so do it!

Trade-ins: Some used car dealers like to stay away from trade-ins because it does tend to decrease profits, but not if you handle them right. To protect your business, your finances, and your inventory, dont accept all trade-ins; ensure it is in good shape. Also consider issues that you can fix. Lets say that you also double as an auto mechanic or have a repair shop onsite. A car that needs new brakes, new wheel bearings, and a new headlight might not be an ideal pick for a car buyer, but you can offer a low trade-in value, repair the car, and resell it for a profit!

As you can see, you as a dealer have a number of options when it comes to stocking your dealership lot. If you decide to utilize the internet, consider using a desktop car finder. They lets you search thousands of websites at once. These sites tend to include car buying sites, classifieds, and more! You can save time, save money in the long-run, and eliminate hassle.

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Car Finder

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Used Car Dealers How to Find Cheap Cars to Resell for a Profit
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