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buy and sell cars for profit?
Is there anyone on here that currently does this?
I was thinking of having a go myself, as I can't find another job and would like some extra money :P
what cars (around 8-10 years old) are selling well second hand at the moment?
I was thinking of having a go myself, as I can't find another job and would like some extra money :P
what cars (around 8-10 years old) are selling well second hand at the moment?
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so you're trying to make an investment in things which depreciate like hell? Good luck
The market is not very good at all for second hand car dealers at the moment. The best way to make good money off older cars would be buying ones with a few imperfections at auction, fixing them up then selling them on. other than that, the bottom has fallen out of it so far I would say it's too risky to be sinking a few thou into cars you may not sell at all, let alone profitably.
Not saying it can't be done, but I don't think it's the best time to be going into it.
Not saying it can't be done, but I don't think it's the best time to be going into it.
my dad does it as a living, he has a one man business which buys and seels used and new cars. its mainly sourcing cars for people, but he also takes cars in part exchange then seels them on for a profit. the best cars right now are small cheap and efficient ones, they are going like hot cakes.
as other posters havbepointed , most of the people who make money from older secondhand motors are people with a modicum of mechanicing skills and often trade contacts , where they can make money on buying cars with things to do and then sell it after fixing it and with a full mot ...
JC.
Buy the car, parts to do it and give me 2 grand for my time and effort and i will. 
If I had the cash I would, especially given the ballache it would be would be well worth £2k. nontheless, I could scrap the sei and get a new astra for another £4k,which makes project deathmobile, as it shall hence be known, unfeasible.
I dont think there will be many buyers out there.
lodzinski
The market is not very good at all for second hand car dealers at the moment. The best way to make good money off older cars would be buying ones with a few imperfections at auction, fixing them up then selling them on. other than that, the bottom has fallen out of it so far I would say it's too risky to be sinking a few thou into cars you may not sell at all, let alone profitably.
Not saying it can't be done, but I don't think it's the best time to be going into it.
Not saying it can't be done, but I don't think it's the best time to be going into it.
My local used car place can't get stock in fast enough at the moment.
Small used cars are selling themselves, not the best time to flog a land cruiser though.
wouldnt rule out bigger cars altogether, as much as they're harder to shift, they're easier to pick up for chips. I've "accidentally" bought a rover 414 with 40k for £150 and a rover 75 v6 for 400 needing a bit of minor attention. pretty sure I can double up on both of those! ironic as I was just after a cheap runaround whilst my car's off the road 
There will never not be a need for cheap smaller cars though, if not for people trying to save money, for new people learning to drive!
I hate the way this whole 'financial situation' is being played on though, I reckon we're through the worst of it, but car sales seem to peak and trough depending on what's on the bbc and the daily telegraph
There will never not be a need for cheap smaller cars though, if not for people trying to save money, for new people learning to drive!
I hate the way this whole 'financial situation' is being played on though, I reckon we're through the worst of it, but car sales seem to peak and trough depending on what's on the bbc and the daily telegraph
My thread has arrived 
Buy wise, sell wiser
Specialise in the cars you know about and have a passion for
I have sold cars for a main dealer and buy and sell cars for myself now, in the next few years I am hoping to have a small garage specialising in classics (also restoration and repairs as well as sales).
Know when to say "no" both in budget when buying and budget when selling obviously the name of the game is "profit" not just the fun of it.
It's not a particularly easy way of making money if -
a. you aren't good at selling stuff,
b. you buy crap stock because you don't know how to properly look round a car,
c. you aren't a good "marketeer" etc. etc. etc.
There are many pitfalls but the rewards can be good, in my opinion it is an enjoyable job (not working for a main dealer though, I have different stories on that)
I would say though if you know nothing about cars nor are you willing to learn - don't bother. If you see it as a get rich quick scheme - don't bother, the market IS tough at the moment BUT it is still there!
Good luck and all the best,
Porscha!
Buy wise, sell wiser
Specialise in the cars you know about and have a passion for I have sold cars for a main dealer and buy and sell cars for myself now, in the next few years I am hoping to have a small garage specialising in classics (also restoration and repairs as well as sales).
Know when to say "no" both in budget when buying and budget when selling obviously the name of the game is "profit" not just the fun of it.
It's not a particularly easy way of making money if -
a. you aren't good at selling stuff,
b. you buy crap stock because you don't know how to properly look round a car,
c. you aren't a good "marketeer" etc. etc. etc.
There are many pitfalls but the rewards can be good, in my opinion it is an enjoyable job (not working for a main dealer though, I have different stories on that)
I would say though if you know nothing about cars nor are you willing to learn - don't bother. If you see it as a get rich quick scheme - don't bother, the market IS tough at the moment BUT it is still there
!Good luck and all the best,
Porscha!
My boyfriend gets cheap ones from the auctions, cleans them and touches up the paintwork and sells them on ebay. His dad is a car dealer though, so he has access to the facilities. Hes planning on carrying on doing it when we move down to Bristol though so I presume its totally possible for you to do.
Last car he bought for £200 and sold for £500, not bad for a days work of cleaning it up.
Last car he bought for £200 and sold for £500, not bad for a days work of cleaning it up.
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