I live in TN. I Want to be able to attend and buy cars at auction and then resell, but need to find out the details/tips/pitfalls of doing it. Thanks!
2007-01-01 02:10:57 · 4 answers · asked by fury07 3 in Cars & Transportation ➔ Buying & Selling
i mechanic for a living,and own a shop i went and got my dealers license because i sell a few once in a while,,its fairly easy to get the license,but there's not that much profit to be made when you first start off, i live in Tennessee also and the insurance is expensive,you also need a building,and a certain sized lot to operate from also,,my first year i spent over 10 grand getting set up,and probably only made around 6 grand from selling cars,you can go to the court house and they can give a business license form to fill out,and then you mail it off ,wait till they contact you,then you have to show proof of a building and lot,i sell out of my other business,and i barely got by like that too,but if you want to do it,,you can make a little money at it,but buy the time you buy a car ,and fix it to sell you,ll find there's not a lot of money to be made,but you can earn a living from it,,good luck at it.hope this help,s.,happy new years.
2007-01-01 02:37:18 · answer #1 · answered by dodge man 7 · 0⤊ 0⤋
except you're susceptible to play mechanic, or susceptible to pay for the expenditures of a mechanic (which will upload as a lot as more desirable than the cost of an auctioned automobile). i might want to signify warding off them. countless the time the vehicles at auction can elect a pair of $one thousand a lot less, regardless of the indisputable fact that quite typically the motorcar isn't in optimal concern. (frequently the reason they are there interior the first concern). Many have huge restore expenses and likewise you won't be able to tell an engine's concern through technique of basically gazing at it from the exterior. the finest technique you'd manage to inform the priority of an engine is to finish somewhat exams which one of those lot auction properties do not assist you do on cyber web web site. once you're susceptible to study about vehicles and artwork on them your self, then i might want to say elect it when you consider that the they seem a concern to elect up some gives you that you will manage to fix up.
2016-10-16 22:50:16 · answer #2 · answered by venturino 4 · 0⤊ 0⤋
You'll need a TN dealer's license.
2007-01-01 02:56:36 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
There is a website call www.copart.com if you contact them they can guide you. It's not as easy to make money as you might think. It is work, don't get into it looking to make a fast buck.
2007-01-01 02:14:43 · answer #4 · answered by krzylove 3 · 0⤊ 0⤋