| Are you a new used car dealer who is looking to | | | | value as outlined in the Kelley Blue Book. This does not |
| expand your inventory? If so, you are looking to buy | | | | leave much room for you to turn a profit, but |
| cheap vehicles that you can resell for a profit. Sounds | | | | remember that you are a used car salesperson who |
| easy enough, but how can you get started? | | | | was born to negotiate so do it! |
| Auto Auctions: It is no secret that most used car | | | | Trade-ins: Some used car dealers like to stay away |
| dealers get their vehicles from auto auctions. The good | | | | from trade-ins because it does tend to decrease their |
| news is that you will find a lot of auctions to choose | | | | profits, but only if you are doing the trade-ins wrong. |
| from. For example, you might find a general auto | | | | To protect your business, your finances, and your |
| auction in your immediate area and then have a dealer | | | | inventory, don't accept any vehicle as a trade-in; |
| auction (where only used car dealers like you) are | | | | ensure it is in good shape. Also consider issues that |
| allowed to bid. The only downsides are the | | | | you can fix. Lets say that you also double as an auto |
| transportation issues and the no guarantees. You might | | | | mechanic or have a repair shop onsite staffed by |
| walk away with no cheap vehicles to resell or ten of | | | | experts. A car that needs new brakes, new wheel |
| them, but do you have a plan to get them back to | | | | bearings, and a dent fixed might not be an ideal pick |
| your dealership lot? | | | | for a car buyer, but you can offer a low trade-in value, |
| Online: There are a number of car buying websites | | | | repair the car, and resell it for a profit! |
| online, but often times these listings come from dealers | | | | As you can see, you as a dealer have a number of |
| like you. It might be within your best interest to focus | | | | options when it comes to stocking your dealership lot. If |
| your attention on classified style websites or online | | | | you decide to utilize the internet, consider investing in a |
| marketplaces. You should be able to find some cheap | | | | desktop car finder that lets you search thousands of |
| for sale by owner vehicles that you can buy and resell | | | | websites (those vehicle finding websites and classified |
| on your lot for a profit. As you know, you will | | | | websites) at once. You can save time, save money in |
| encounter some sellers who are asking the suggested | | | | the long-run, and eliminate hassle. |