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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
GFY's Halfpint
Industry Role:
Join Date: Jun 2007
Location: UK
Posts: 15,223
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Found a new revenue stream
Simple... Buy and sell used cars First car sold for £9k just under 15k USD and out of that I made £900.00 GBP which is $1,488.12 USD in one week spent a whole £3.00 on advertising and about 3 days posting free ads for the car ...easy money
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#2 |
Coupon Guru
Industry Role:
Join Date: Mar 2009
Location: Minneapolis
Posts: 10,973
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yeah but where I live you can only sell six cars a year before you need a dealers license.
my buddy and I buy cars that need work for cheap, fix them up, and resell them.
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#3 | |
GFY's Halfpint
Industry Role:
Join Date: Jun 2007
Location: UK
Posts: 15,223
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Quote:
I actually did this for a friend so it was kind of a stumble into it. He already owns a biz and loves sports and classic cars so he is going to buy more to sell on. All I have to do is the advertising and the first contact with the buyer... But jeese did I get some fucking scammers trying to buy the car from abroad I had one guy phone me up saying he could get way more than what the car was worth as they give people loans to buy cars so all I had to do was give him £195 or something and they would garantee the sale of the car and I would get the money back. When he told me the book value I laughed at him and told him he was way off and was talking crap, he would never get that price ..he really did not like it and hung up ..lol |
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#4 |
Let's do some business!
Industry Role:
Join Date: Sep 2004
Location: Austin, TX
Posts: 31,295
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Put them in other people's names. Brothers, sisters, wives, parents, etc.
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#5 |
Too lazy to set a custom title
Industry Role:
Join Date: Oct 2007
Location: *UK/USA/Canada* ICQ : 494318698 Email:[email protected]
Posts: 10,180
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A few guys here in the office are from the UK and they tell me the same applies in the UK.
If you sell more than 2 - 3 cars in a short period you have to by law tell the buyers your a trader and offer the same guarantees as a dealer......to stop dealers trying to act as personal sellers newspapers monitor payments/telephone numbers etc in the advertising dept.
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#6 |
Confirmed User
Join Date: Jan 2006
Location: Mobile, AL
Posts: 1,647
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bingo, i know a guy that makes 5 figures a month doing just this from a rented garage, easy money
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#7 | |
GFY's Halfpint
Industry Role:
Join Date: Jun 2007
Location: UK
Posts: 15,223
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Quote:
I will have to look into that though |
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#8 | |
Too lazy to set a custom title
Industry Role:
Join Date: Oct 2007
Location: *UK/USA/Canada* ICQ : 494318698 Email:[email protected]
Posts: 10,180
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Quote:
If you think about it the law makes sense.....trading cars as a private sale avoids all the regulations and guarantees that a dealer/trader has to provide (even if just selling part time from home ) so its technically defrauding the buyer and taking away all the liability etc.
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#9 |
I need a beer
![]() Industry Role:
Join Date: Jun 2002
Location: ♠ Toiletville ♠
Posts: 133,928
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People love curbers
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#10 |
So Fucking Banned
Industry Role:
Join Date: Mar 2007
Location: UK
Posts: 7,957
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#11 | |
in a van by the river
Industry Role:
Join Date: May 2003
Posts: 76,806
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Quote:
I finally rented a small shop to work out of and managed to get my Used Car dealers license and proceeded to go broke.. Lesson learned.. fuck doing it legal.. ![]() I made good money selling on the side by keeping open titles, and honestly wish I had the place I could do it now. My biggest mistake was trying to do things on the up and up.. Then again, I wonder why I do things in adult on the up and up while fuckers get rich in this biz fucking everyone else. Maybe I didn't learn my lesson after all. ![]()
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#12 |
Let's do some business!
Industry Role:
Join Date: Sep 2004
Location: Austin, TX
Posts: 31,295
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Haha I agree with this as well. Splitting focus only hurts all projects. It may make you some extra cash, but you don't really grow in any of the projects.
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#13 |
in a van by the river
Industry Role:
Join Date: May 2003
Posts: 76,806
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Yea but sometimes you just need a change of pace.
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In November, you can vote for America's next president or its first dictator. |
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#14 |
Damn Right I Kiss Ass!
Industry Role:
Join Date: Dec 2003
Location: Cowtown, USA
Posts: 32,397
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A friend of mine from high school has a dad that does this. He buys cars for $500 or less and then makes em work in a day or two and sells them (back then in the paper, now on craigslist) for $1200 to $2400... He does 2 to 3 transactions a week. Not bad cash. Doesn't have to report to anyone...
When I was in school we'd go over and help him. He paid us each $25 a day and then was able to turn over 2 more cars a week. Since we only worked 4 days we got a combined $200 while he made an extra $1000 or more. That was my first lesson on being your own boss and getting others to work for you. My buddy never ended up doing it. He does odd jobs. Sad. His dad makes some decent cash and my buddy makes like $600 a week or less. I tried to show him adult. Some people are happy making dirt. |
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#15 |
Judge Jury and Executioner
Industry Role:
Join Date: Mar 2003
Location: Sweden
Posts: 30,069
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#16 |
Confirmed User
Join Date: Nov 2009
Posts: 575
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I rather sell porn...
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#17 |
Too lazy to set a custom title
Join Date: Aug 2001
Location: portland, OR
Posts: 20,684
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I used to do this with a friend. We both worked for a company that did insurance valuations on total losses. Through the company we could look up in the computer any type of car in our area and get all of them that had been advertised in the paper in the last 6 months. We would find cheaper cars ($1000-$2000 range) and call really old ads on our breaks and lunch. Almost once a week we would find a car that was in the paper for a certain amount (say $1500) and never sold and they would let us have it for half that. We would clean them up, fix them up a little bit and resell them at a nice profit.
Were I live you are only supposed to do 6 cars (like above) before you get a dealers license. We each did six then did a few more on the sly and then we both ended up quitting that job so the great info kind of dried up. |
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#18 |
Too lazy to set a custom title
Join Date: Aug 2001
Location: portland, OR
Posts: 20,684
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As an aside a guy I worked with there got two amazing deals. One was a 65 Buick Gran Sport convertible for $1500. It needed a new top, but was in great shape. The guy was moving out of the country and needed to get rid of it. He also got a Pontiac Fiero GT for $200. The car was broke down and didn't run. That year of those cars had a recall on them where they replaced the motors because they would explode. So he bought it, took it in had the recall work done and had basically a brand new car for $200.
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#19 |
GFY's Halfpint
Industry Role:
Join Date: Jun 2007
Location: UK
Posts: 15,223
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Know what you are saying here but I just see it as more money coming in , As im on the computer most days I might as well put something else to work, All I do is post the car ads on the net, reply to emails and speak to potential buyers on the phone, The rest is done by somebody else.
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