I'd like to hear if anyone has any experience with buying and selling cars for profit? I have several ideas relating to car sales that I'm considering diving into. I'm considering any and all of these ideas:
1. Getting a dealer's license, buying from auctions and selling on a rented lot or even from my house to local
2. Not getting a dealer's license and just picking up 4 or 5 cars a year to try to turn a profit. This is under my state's limit of sales before I have to obtain a dealer's license.
3. Setting up a car lot that sells on consignment. Individuals selling cars could park their car on my lot. I would have their contact information and when a buyer was interested I would basically broker the deal. This would of course require license and insuring. Do any of these business plans seem feasible? Suggestions? Similar Experience?
I didn't find the right solution from the Internet.
References: http://www.small-business-forum.com/sho ... hp?t=36611 animated industrial product video