How do used cars dealers buy n sell second hand cars to make a profit?

Question:


Answers:

How do used cars traders make money?

They pay less for cars than private sellers will accept (they buy in relative bulk, so the risk on each car is higher, since they can't inspect as well at auction as a buyer can on a lot...thus the cars are cheaper), and sell for more than private sellers can get. (They simplify the paperwork somewhat, but part of it is just that they're looking for suckers who don't know any better.)

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Should I but an audi or a merc?

They buy at auctions. New car dealers maybe sell 30% of trade in cars on their lots the rest go to actions. where the small car lot owners bid on them.

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Are motorcycles cheaper to buy than a car?

They usually buy a cheap car that needs some cheap work. Then they fix it up for little to othing concidering they already have the parts and then add about a grand onto the selling price.

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