Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
I buy and sell cars from the auction but I dont make enough profit.. what should I do?
I love going to the auction to buy and sell cars. I usually sell 2 cars a week and only make about $300-$400 profit on each.. by the time I pay my bills and and other expenses I start every month with the same amount of money to go buy cars like I'm living from paycheck to paycheck. What am I doing wrong? I need to provide for my new family. Thanks
5 Answers
- mccoybluesLv 75 years ago
The ONLY way to make more money is to spend more money. If you want to get more out of the cars you are currently buying you have to improve them enough to add value to the car. That way you can charge more for them.
If all you're doing is buying and flipping and not doing any repairs or maintenance on these cars you can't make any money. You have to add value to the car so you can charge more for them.
It doesn't take much money to repaint a scratched bumper or repair a tear in a seat. Buy new tires or do a brake job. None of these things cost a lot but they add value to the car. Value means you can advertise them for more money and increase your profit.
- AnonymousLv 75 years ago
In the world of buying and selling cars, you have to add value to make money. Transferring a car to a buyer from an auction without doing anything to it isn't going to make you much money. Find cars that are cheap, has some defect that is depressing its value but can be cheaply repaired.
- Anonymous5 years ago
I already answered this.
Spending is you biggest problem. Learn to make your money go farther by being frugal.
Plus, you need to go for bigger deals.
In my 12 years as a curbstone car dealer, I rarely sold 2 cars in week. But, I almost always made more than $300-400 per car.
I probably averaged $700-800 per car. But, I probably only sold 40-55 cars a year.
Also, a part time job doing something else on the side might help. Maybe delivering pizzas on the weekend or something.
- 5 years ago
u need to plan a Budget u wanna make a month. And find them cheap cars at the lot and sale for alot more....
or post a car on Craigslist just for fun to see how many hits you'll get and if people are hitting your phone left
and right then you know thw car to buy to sale and make them BIG BUCKS!
- How do you think about the answers? You can sign in to vote the answer.
- Anonymous5 years ago
Maybe get a real job, it doesn't sound like this is the right line of work for you.