ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Buying Cars and Flipping Them For a Profit.

Updated on June 13, 2014

How To Buy and Sell.

Hi im writing this article to share my knowledge of buying and selling cars for a substantial profit. I had been buying and selling cars for years but unfortunitly i stopped due to recession hitting my country bad. But in the last year or so i ve started again and i have to tell ya its great to back at it as i ve missed it. Im the type of person who like assets and if i have cars in my yard i feel great as there mine if only for just a little while but still mine. In this article im gonna try go through simple steps that worked for me in the past and are still working. If you go into this small business or if your like me and its more of a hobby you will wreap the profits if its done right. im going to share with you some of my tactic and maybe a few links to books that can help you as they did me.

Finding The Right Car

The first thing you need to do is find the right car at the right price. In my experience its best to check the market properly to see what cars are making money and what cars are not. I usually go for the cars that have slight problems which isnt a problem for me as im a Mechanic. Cars with no MOT/NCT go for cheaper and they might not have many problems wrong with them at all so these are good targets.

The internet today is a good source for finding your cars, there is 100s of sites out there now. Even with the internet i still go the old fashioned way with classifieds and if you see a car in someones yard that looks forgotten its worth the ask you never know.


Choose Your Market

Chosen your market means chosen what sort of cars you want to sell. I started off selling modified cars at a young age and made a fortune at it. Since i started back up i ve only sold standard cars which has been good to my pocket to. When i sell a car i always make over double money its easy i ve read book after book to learn how. I sold one car last week for €1050 which was good profit for me as i only paid €300 and spent €100 making it road worthy. Thats €650 profit and thats only because i chose the right market. I knew when i bought that car there was a market for it and i would have no problem flipping it. Research is the key, if you jump in to buy a car with out research you could be out of pocket and stuck with the car aswell.

Researching Buying and Selling Tips.

When i started off at this i jumped in with my two feet forward and made no profit.I was buying cars that people wanted but i was paying to much for them. This meant that when i tried selling it i made no profit, maybe around €80-€110 profit which wasnt worth my time. Then i started buying books and reading up about the tips and secrets of the trade and by did they work. After reading 3-4 books i was away with it i stopped the habbits that wee losing me money and i learned a few haggling tricks for buying and selling. with in a few months i was making double with my profits. Its as easy as pie when you know how so i would recommend buying a few books. You can buy these books from ebay, amazon and loads of other places online its well worth it.

Books I used

For you who are interested in reading some of these books you can find them with the links i ve provided below just check them out for yourself and see what you think and maybe leave some feedback and tell me if they work. I think Amazon and Ebay is the best source for these and i have provided links to the books i read below and found the best. And there only cheap to buy anbd a great read.

http://amzn.to/1s55ERO

http://amzn.to/1s55QAE








Have I Helped

Was my article of any interest to you?

See results

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)