how do second hand cars dealers companies make money?

Answer 1

It is as simple as this.. But low, sell high.

I have dabbled in used car sales. You would be suprised how many cars I got for 150-250, washed, waxed and cleaned out the inside (windows included!). Do a poor mans tune-up by cleaning the plugs and airfilter. Within a day or 2 they will sell for upto 1500. Other cars needed maybe an exhaust, or tires (used from a breaker). And then you resell them.

Too many people know little or nothing about cars. Their car starts to act up and they want to get rid of it for any price. I even had one guy that bought his own car back, said it was worth it because it looked so much better and ran better. I had less then 100 in the car but made 800 profit.

I guess being a mechanic has it bennies!

Answer 2

second hand car dealers buy from big auction lots at wholesale prices. they sell the cars at prices 100 to 500 percent more than what they paid for. a chevy selling for 5600 dollars at a lot was probably bought for around 1000 to 3000 dollars. as they always say, buyers beware.

Answer 3

Charging high interest and high prices.

Answer 4

when they see you walking through the door