How do wholesale car dealers make money

Have some old men drive the cars once they are sold. I know a couple guys who do this is note cars cheap cars and make a killing. They work so hard for their money but they can make a killing once they develop a strong reputation.

They can do all their deals over the phone and have their porters guys who drive cars for them deliver the car, paperwork, and pick up the check. I find these guys to be the best schmoozers and bull shit artist on the face of the planet. Be on your toes. These guys are hustlers, movers, and shakers. Stay up or you will get caught with your pants down!

Top guys move cars a week. Do the math…. George Dean Master Course Training. Become a Used Car Wholesaler. Master Course Training. Master Course Details.

Auction to Auction Some guys spend their life buying cars from one auction and selling at another auction. Auction to Dealer There are guys and gals who buy cars at auctions and sell them to dealers. Depending on where you live, it may be a general type of dealer license or one restricted to the wholesale trading of vehicles.

A wholesale license limits your sales to other dealers and you cannot sell to the public. The license application will list the other requirements you must fulfill, such as posting a bond, obtaining a general business license and a tax resale number.

The customers of a car wholesaler are retail car dealerships. Each dealer likes to have certain types of used cars available for sale, and as a wholesaler you will learn what your different dealer contacts want and then look to buy and then resale cars to meet their needs. The dealers can also be a source of cars for you to resale. A dealer will not want to keep every car that comes in on trade to put out on the used car lot for resale. A clean car implies quality and value. That little investment can make a huge difference.

Think of it this way: By cleaning and detailing before an auction, you are helping another dealer imagine what that vehicle will look like on their lot. They visualize the happy customer walking through their door and paying a premium for that beautiful used vehicle. If used car sales have stalled out, there might be other problems you need to fix.

When that happens, you need to cut your losses with wholesaling. Have a wholesale plan ideally 30 days and stick to it. By avoiding these common wholesaling mistakes, you will save your dealership a lot of headache and ultimately earn more profit. Fight on! Connect to auctions online with real-time access to market data to make better acquisition decisions. We get it, change is hard. Let us give you a free demonstration of VinCue and show you what your world could look like.

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After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals. Got a Question About This Article?

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