|
|
Post by THE *Legendary* STINGER on Sept 18, 2011 15:32:02 GMT -5
So I have a question, maybe someone can help me out.
I'm looking to get into buying and parting out cars or even reselling. What do I need to do to do so? I've googled it a thousand times and theres too much mumbo jumbo. So if anyone has knowledge of it i'd appreciate it.
|
|
|
|
Post by Hulkamaniac on Sept 18, 2011 15:56:28 GMT -5
I don't know what you're asking. All you need to do to buy a car is come up with the money. All you need to do to sell it is find someone who is willing to buy it and pay a price you both agree on.
|
|
|
|
Post by juicewinslow on Sept 18, 2011 16:11:47 GMT -5
My dad does this. I don't have much advice though, sorry.
I would say to just look for cars at a low price that need to be restored... fix them up, and sell them for more than what you put it into them.
What do you need to do so? Money, knowledge of cars, and salesmanship.
|
|
|
|
Post by Matt on Sept 18, 2011 19:14:01 GMT -5
You need incredible product knowledge or you will get ripped off, make little money, or potentially lost money. You obviously need to know where to look for cars that are cheap. If you are going to part out cars, you are really going to need to get the car for dirt cheap because you are going to spend so many hours laboring over it. If you are going to try and resell something, you obviously need to get a car in good condition for cheap and sell it for around the actual value of the vehicle.
I would imagine you could make a killing doing this as long as you are extremely knowledge with cars.
|
|
|
|
Post by THE *Legendary* STINGER on Sept 19, 2011 4:31:49 GMT -5
I think you guys misunderstood what I was asking.
To buy and sell cars you need some type of lisence. Its illegal to buy 10+ cars within a year because its considered a business. I was asking how or what lisence to get to be able to legally do this.
|
|
|
|
Post by Hulkamaniac on Sept 19, 2011 8:13:32 GMT -5
I think you guys misunderstood what I was asking. To buy and sell cars you need some type of lisence. Its illegal to buy 10+ cars within a year because its considered a business. I was asking how or what lisence to get to be able to legally do this. I would assume you need a dealer's license. I would also assume a Google search would tell you exactly how to get one. |
|
|
|
Post by Kalob Black on Sept 19, 2011 10:21:18 GMT -5
Yes, you do need to be a licensed dealer.
|
|
