How do used cars traders make money?

Let’s learn how do used cars traders make money. The most accurate or helpful solution is served by Yahoo! Answers.

There are ten answers to this question.

Best solution

Answer:

Hi, like every other type of selling business they make money by buying at a low price and selling on...

Read more

flu26926... at Yahoo! Answers Mark as irrelevant Undo

Other solutions

Answer:

By the simple principle of arbitrage. 1. the seller of the used car wants to get a new vehicle and hence...

Read more

Nigerian woman at Yahoo! Answers Mark as irrelevant Undo

Answer:

THEY BUY ALL THE JUNKS AT THE DEALERSHIPS AND AUCTIONS, REPAIR THE MINIMUM TO GET THEM RUNNING AND SELL...

Read more

rus34 at Yahoo! Answers Mark as irrelevant Undo

Answer:

Buy junk..... then sell it for 3X to morons.

Read more

vienies2... at Yahoo! Answers Mark as irrelevant Undo

Answer:

yes, buying your second-hand car at a very-very low price then touch-up a little, sell to others with...

Read more

flu26926... at Yahoo! Answers Mark as irrelevant Undo

Answer:

I think they are the biggest 'rip-offs'. But they make money. When you take your car for a new car....

Read more

Nigerian woman at Yahoo! Answers Mark as irrelevant Undo

Answer:

something called insurance and gieco 15 mins can save u 15% or more on car insurance

Read more

rus34 at Yahoo! Answers Mark as irrelevant Undo

Answer:

They get money, of course, from selling cars. But most important thing is that they are buying a used...

Read more

flu26926... at Yahoo! Answers Mark as irrelevant Undo

Answer:

the same as all of the other inane questions you ask. How about you go to school and stop asking pointless...

Read more

PGDKIO2FFDDETWQJY7VWXKEL3E at Yahoo! Answers Mark as irrelevant Undo

Do car dealerships really make more money selling used cars than new ones?

I went into a dealership to buy a certified pre-owned car. After I laid out my criteria, the salesman suggested that a new car may actually be a better deal. To mitigate my concerns that he was simply upselling, he went on to suggest that he actually...

Answer:

Yes. New cars come straight from the factory loaded with incentives so the margins are typically small...

Read more

Joshua Hays at Quora Mark as irrelevant Undo

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.