How do used car traders make MONEY?

Question

How do used car traders make MONEY?

Answer 1

They buy cars at wholesale price or below, sometimes make cosmetic improvements or minor repairs, clean them up nice, and then charge market price.  The profit on a used car is usually more than on a new car!  If you are thinking of selling a used car, you might want to take it to CarMax, where they will inspect the car and make an offer with no obligation to sell it to them.  Then you can list the car in the local classified ads or online, and try to get more than CarMax.  Clean the car inside and out until it shines; this is the cheapest improvement to make, but can be worth a couple hundred dollars!

Hope this helps!