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Profit potential in reselling auction vehicles
Is there enough profit potential in buying vehicles from dealer auctions & reselling them privately (not on dealer lot)?
I wouldn't be able to charge retail dealer prices for the vehicles as they will be sold as a private seller. After all expenses it would seem to me that there isn't enough profit left over on the private seller side. I want to sell 3-5 cars monthly for extra funds.
What are the typical markups for dealers/non-dealers?
And I understand I need a license to get into these auctions.
thank you
I wouldn't be able to charge retail dealer prices for the vehicles as they will be sold as a private seller. After all expenses it would seem to me that there isn't enough profit left over on the private seller side. I want to sell 3-5 cars monthly for extra funds.
What are the typical markups for dealers/non-dealers?
And I understand I need a license to get into these auctions.
thank you
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