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Used Car Dealers - How to Find Cheap Cars to Resell
Used Car Dealers - How to Find Cheap Cars to Resell
Date: 3/23/2018 2:03:46 AM ( 6 y ) ... viewed 345 times Are you a new used car dealer who is looking to expand your inventory? If so, you are looking to buy cheap vehicles that you can resell for a profit. Sounds easy enough, but how can you get started?
Auto Auctions: It is no secret that most used Volkswagen car dealers get their vehicles from auto auctions. The good news is that you will find a lot of auctions to choose from. For example, you might find a general auto auction in your immediate area and then have a dealer auction (where only used car dealers like you) are allowed to bid. The only downsides are the transportation issues and the no guarantees. You might walk away with no cheap vehicles to resell or ten 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, but often times these listings come from dealers like you. It might be within your best interest to focus your attention on classified style websites or online marketplaces. You should be able to find some cheap for sale by owner vehicles that you can buy and resell on your lot for a profit. As you know, you will encounter some sellers who are asking the suggested value as outlined in the Kelley Blue Book. This does not leave much room for you to turn a profit, 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 their profits, but only if you are doing the trade-ins wrong. To protect your business, your finances, and your inventory, don't accept any vehicle as a trade-in; ensure it is in good shape. Volvo XC60 Also consider issues that you can fix. Lets say that you also double as an auto mechanic or have a repair shop onsite staffed by experts. A car that needs new brakes, new wheel bearings, and a dent fixed 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 investing in a desktop car finder that lets you search thousands of websites (those vehicle finding websites and classified websites) at once. You can save time, save money in the long-run, and eliminate hassle.
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