How do used car traders make profits?

Question

How do used car traders make profits?

Answer 1

Is difficult in local market, too many 2nd hand car dealers. If you want to make money you need to do export to other country like Africa. But in the first place you too need a huge sum of capital to start the business.

Answer 2

They make money by purchasing the cars at auctions, then marking the price up.

Sometimes, they make up the difference by adding interest onto the loan they financed for the buyer with bad credit.

Answer 3

go trade cars with other people

Answer 4

They buy low and sell high, just like every other business.  It's not a hard concept.

Answer 5

They are also facing with machine facilities problem, take care!