Digi Bits

Monday, October 03, 2005

Buy and Sell Used Cars for Profit

Here is a great home based business opportunity- the buying and selling of used cars. It’s easy to find hundreds of used cars which can be bought for a great price which can quickly be resold for a profit. Here are some tips.

You will want to focus on private sellers for great deals in buying used cars. There are three types of private sellers. Many private sellers who want to get rid of their used cars have either bought a new car, are waiting to sell their used car so they quickly by a new car or have a used car that they do not have any use for.

With a little legwork, you can contact a few people and see if they are willing to part with their car for a great price, which allows you to go ahead and resell it for a profit. Some people just want to get rid of their car fast. They don’t want headaches. They don’t want to show their car to a dozen people. This allows you to move in and make a quick offer. It is very important that you use a guide to figure out the fair market price so that you can determine how cheap you can buy the car for and how much you than can resell it.

If you are mechanically inclined buying and reselling cars gets even better, because owners sell their cars thinking that they have thousands of dollars worth of work to put into their cars, when you know it might only need an alternator. This can lead to huge profits on your end.

Once you buy a car, it is important to advertise it to many people. Services such as EBay auction, invite bidders from all over America to buy your car. If you’re smart at the beginning and get a great deal from a seller, you can make thousands in profit.