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Cheaper cars at public auction OR dealer auctions,?
My goal is to find good deals on cars so I can turn around and sell the cars at the dealer auction for profit. What are the best ways to do this?
Public Comments
- You will not make any profit on selling cars at a dealer auction. Keep in mind, dealers want to make a maximum profit on any thing they sell. They do not buy used cars, only ones that are turn backs on leases.
- You can get the cheaper cars at a dealer auction. But you need a dealer's license to attend one, which can cost a bit of time and money. If you don't want to go through all of that you can always get friendly with a car dealer and have them take you with them to a dealer's auction. But once you start selling a certain amount of cars you're going to have to get a dealer's license anyway.
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