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4WaysToMakeMoneyBuyingAndSellingCarsForProfit
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MakeMoneySellingUsedCarsWithaConsignmentCarLot
Youcanmakemoneysellingusedcarswithaconsignmentcarlotrightinyourhometown.Thisjustmightbetheperfectusedcarbusinessforyou!
RecentlyIreadaboutaguyintheCaymanIslandsthatwassellingusedcarsthisway.Theneedhewasabletofillwasthatthelocalgovernmenthadbeencrackingdownonprivatepartiesparkingtheircarsatthesideofthestreetwith‘ForSale’signsonthem.
Thisguyhadabigemptylotwhere250’ofitfrontedabusystreetandthiswasaperfectlocationtobeabletoexposehiscarstotonsofwalkanddrive-bytraffic.
Thesellerswouldparktheircarsonhislotandgivehimanextrasetofkeyssohecouldletprospectivebuyerskickthetiresandstarttheengines.Iftheywantedtodrivethecarortakeittoamechanicthentheywouldbereferredtotheownertohandlethat.
Theguyusuallyhasaninventoryofabout100carsforsaleatatimebutthoughtthathecouldhandlefivetimesthatasmorelocalslearnedofhisbusiness.
Anotherbundledservicewouldbetowashthecarsonceaweektogetoffthedustandrainthatcanaccumulate.Itwillbejustanothertouchtopresentthecarsinanattractivemanner.Ofcoursealongwiththatcouldbedetailing,waxing,etc.,allofwhichyouwouldchargefor.
Thebenefitsforthisconsignmentusedcarlottothelocalswere...
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• Thesellerswerehappytofindaplacewheretheycouldlegallyparkandselltheircars.
• Thebureaucratswerehappytonothavetodealwiththose‘ForSale’carstakingupallthespaceatthesideoftheroads.
• Theconsignmentcarlotownerwashappytobeperformingapublicservice-andtomakemoneyatthesametime.
Ifyoudon’townalotthenperhapsyoucouldmakeadealwithsomeonethatalreadyhasalotoranybusinesswithspaceoutfrontwithgoodexposure.
Andyourusedcarbusinesswouldn'thavetobeasinvolvedasthisguyswithhundredcarsforsale.Itcouldbeassimpleasjustonecarparkedonthelotwithabig"ForSale"signonit,whichisexactlywhatwearegoingtodiscussinthenextchapter.
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ExportingUsedCarsForProfit
ExportingusedcarsforprofitisonefacetofbuyingandsellingcarsthatIhaveyettodo,butIsawaTVshowrecentlythatgotmethinkingaboutthehugeprofitpotential.Idon'trememberthenameoftheTVshownow,butitwasoneofthosehalfhourshowsthatre-enactsrealcrimes.
ThestorywasaboutthisguyfromChinathatwasrunningthelargestcartheftringinU.S.history.TheNYPDfiguredthatthisguystolesomethinglike$120,000,000.00(Yup,thatis120MILLION!)USDworthofhigh-endexoticcars.
ThethingthatwasconfoundingtheNYPDwasthatthesecarsweretotallyvanishingwithnopartsfromthestolencarsturningupanywhere.Norecordofthecarsappearingonstreetcameras,andnopapertrail.Nothing.
Thesestolencarsweredisappearingwithoutatrace!
WhathappenedisthatthisguywouldimmediatelydrivethemtoawarehouseinNewYorkCitywheretheywouldfixanythingthatgotbrokenduringtheprocessofbeingstolen(windowglass,ignitionswitches,etc.).
Thenafterafewdaysof"coolingoff"theywoulddrivetheminbusydaytimetrafficsotheywouldblendinwiththemassestoacontainerwheretheywouldtruckabout4carsatatimetoashippingportinLongBeach,California.
ThenthecarswouldbeshippedtoChinawheretheywouldbesoldforhugeprofits.
Intime,thethiefgotsoboldthathewasbreakingintoMercedesBenzdealershipsatnightanddrivingoffwiththeirentireinventoryofbrandspankingnewMercedes.Seriously!
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Eventuallyoneofhisdeliveryguysgotstoppedwhiledrivingoneofthestolencarsforsomethingdumblikeaburnedouttaillightandimmediatelysquealedtothecopsabouteverything.
Thisiswhatreallygotmeinterestedintheprofitpotentialinvolvedinexportingcars…
Intheshow,theysaidacarworth$60,000.00USDwouldsellinChinafor$120,000.00USD.Keepinmindthattheseguyswerestealingthembuta100%grossprofitdoingthislegitimatelyisprettydamngoodasfarasI’mconcerned.
PeopleallovertheworldloveUSculture.Gofigure.Theyloveallthecrazycelebritydramathatguyslikemecan’tevenbegintounderstand.
Andasthirdworldcountries(likeIndiaandChina,etc.)becomemoreindustrialized,thewealthywanttoysandexpensivestuffthatmakesthemlookallpimpedout.
OfcourseIdon’twantyoutodoanythingillegalordishonest,butthemoneyyoucouldmakefromexportingusedcarsforprofitmightbeclosetotheft…acceptitsnotatall.
ButIcan’taffordtobuya$60,000.00car…
Okay,butafterthoroughlyresearchingthesubjectofexportingusedcarsforprofit,maybeyoucanfindsomeonewillingtoinvestsomecapitalinyourventureforapieceoftheaction.
HowwillIsellthecars?
Youwillneedtofindsomeoneontheotherendyouhavetotaltrustin.Maybeyouhaverelativesoffshoreyoucantalktoortheyknowsomeone
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wheretheylivethatwouldbeagoodmatchforyou.Iwoulddoeverythingyoucantocheckthemoutandofcourseallfundsshouldbeplacedinanescrowaccountandnotreleaseduntilbothpartiesaresatisfiedwiththevehicle(s).
Whataboutexportingcheaperusedcars?
Yesofcourseyoushouldcheckthatout.Youneedtofindoutwhatalltheshippingcostsandpossibletariffsaretoseeifitwouldbeworthexportingcheaperusedcars.Infact,exportingcheaperusedcarsmightworkbetterdependingonthecountryyouareexportingto.Youwouldhavetopiggybackthecarsinthecontainers.Perhapsyoucouldput4carsinone40’containerinadouble-deckfashion,whichbythewaywashowthethievesweretransportingthosestolencarstoChina.
Iwaswatchingasurfmovieabouttheseguysthatboughttwoused4WDvehicles(1Toyotapick-upand1olderSuburban)andheadedsouthtosurfMexicoandCentralAmerica.Theirobjectivewastosurftheirbrainsoutandfilmperfectwavesalongthewayandthensellthemovielater.Themoviewascalled‘ZenandZero.’
TheydroveasfarasCostaRicaandsoldthetwo4WD’stheyboughtinCaliforniaforenoughofaprofitthatitpaidformuchoftheirtrip.Theydidn’tmakeasmuchastheyhopedbecausetherewasabigtarifftheCostaRicangovernmentimposesonimportcars,somakesureyoucheckoutallfeesandtariffsinvolved.
IspoketosomeonequiteafewyearsagothatwantedmetofindcleanvintagemusclecarsintheUSandthenexportthemtohiminEngland.Hesaidpeoplewerepayingcrazypricesformusclecarsoverthere.Ididn’tgetintoitbecauseIhadtoomanyotherthingsgoingonatthetimebutthatmightbeworthlookinginto.
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That’sallIknowatthispointaboutexportingusedcarsforprofit.IrealizeI’monlytouchingthesurfacehere,butwiththepotentialprofitsinvolved,exportingusedcarsforprofitisdefinitelysomethingworthresearching.
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MakeBigMoneySellingUsedAutoPartsLikeBarry
Sellusedautoparts?Huh?Ithoughtthiswasaboutbuyingandsellingusedcars?Itis,butoneofmyreaders(Barry)tookwhathelearnedinmybookTheLazyWayToBuyandSellCarsforProfitandputareallyprofitabletwistonit.
Here’swhatBarrysaidintheemailhesentme…
"HiSteve,
TheprinciplesintheTheLazyWayToBuyandSellCarsforProfitareverysound.I’veappliedtheminaslightlydifferentautomobile“market”thanhowyoudiscuss,butwithsimilarresults.Insteadofbuyingusedrunningcarstore-sell,Ibuyeitherrunningornon-running“projectcars.”
IspecializeinBritishsportscars,suchasMGB’s,MGMidgets,andAustinHealeySprites.They’rerareandtherearealotofpeoplenationallywhorestorethem…andarewillingtopayquiteapricetogetanoriginalpart.Thefactthatthesecarshaven’tbeensoldintheU.S.since1980makesthemincreasinglyrareandvaluable.
WhileI’mwillingtodothemoreexpensivecars,likeJaguars,Morgans,andthebigAustinHealeys,IprefertostickwiththeMGB’s,MGMidgets,andAustinHealeySpritesbecausethereweremoreproduced,moreproductavailable,andalowerpriceforabiggermarket.
Inonecase,Iboughta75MGBthatafriendhadstoredawayforfiveyearsafterherealizedhewasn’tevergoingtofinishrestoringit.Hecalledmeto
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askifIwasinterestedandItoldhimI’dbebuyingitforre-sellingthepartssoIwouldn’tbeabletopayhimwhatitwasreallyworth.Hesaidheonlyneededalittle…justenoughtobuyanewheadforhis675hpracingcar.
Iendeduppaying$1200fortheentirecar:Body,brandnewre-builtengine,andcratesofnewandusedparts.Ikeptabout$600worthofpartsformyowntwoMGB’s,thenstartedsellingtheotherparts.
My“marketing”consistedofusingeBay,myownwebsite,thewebsiteoftheRenoMG–AllBritishCarClub,adsintheBritishMarqueCarClubNews,anadintheNorthAmericanMGBRegistry,tellingmyBritishcarmechanicwhatIhad,word-of-mouthtofellowMGBowners,andnewspaperads.
Themore“discreet”Imaketheproduct,themoremoneyImake.Forexample,sellingadashboardwithalltheinstrumentsmightbring$110.00.However,bystrippingouttheinstruments,Icansellthedashboarditselfforabout$80,thespeedometerfor$35,thetachometerfor$35,theoilgaugefor$25,thefuelgaugefor$25,theclockfor$25,thelightswitchfor$20,thebrakechecklightfor$20,andtheotherswitchesandbezelsformaybeanother$50.
IshipthesepartsbyUSPS,UPS,orbusalloverthenation(withthepurchaserpayingforfreightcosts).AfterkeepingoutmanypartsformyownMGB’s,Iendedupmakingalmost$6,000onthisproject!
Justacoupleofweeksago,Iboughta65AustinHealeySpriteanda69MGMidget(bothfairlyrarecars)alongwithtwoextratransmissions,twoextraengines,12wirewheels,5regularwheels,newhubcaps,fivebrandnewtires,extradoors,extrahoodsandtrunkdecks,brandnewupholsteryandcarpetingkits,extrawindows,andcratesandcratesofotherparts.Thepartsalonefilledan8’x12’storageshedanda12’x16’storagebuilding.
Itookmytimebuyingallthis.Hekeptcallingandemailingmebackoveraperiodofacoupleofmonths,lettingmeknowIwashisonlyrealprospect.Theguyoriginallyasked$3,500,butItoldhimtherehadtobeenoughtomakeamarginwhiletakingarisk.Iendeduppayingjust$2,000foralltheseparts.Ievengothimtoagreetostoresomeofthepartsforuptonine
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months.Meantime,IdidmyresearchandbelieveIcanresellthemforatotalofsomewherebetween$5,000and$8,000!"
ThisisSteveagain…
Afriendofmineisdoestheexactsamethingwithusedmotorcycleparts.HerunsalittlemotorcyclerepairbusinessoutofhishouseandcustomersoftengivehimoldmotorcycleswhentheyfindoutthatitstooexpensiveforShanetofix.
Shanecannibalizesthesebikesforgoodpartsandusesthemforrepairingotherbikes.Onedaythough,hefiguredouthowmuchoneofhiscast-awayjunkmotorcycleswasworthifhesoldthewholethingas-isneedingseriousrepairsandall.Well,itwasworthverylittlesincemostpeopledon’tknowhowtofixthesethings.Thenhelooselyfiguredouthowmuchtheindividualpartswouldmakehimifhepartedoutthebikesandsoldthepartsseparately.AndthatwasthedayShanestartedanentirelyseparatebusinesssellingusedmotorcyclepartsoneBay.
Obviouslyyou’llneedsomespacearoundyourhousetostorethepartslikeBarryandShane,butShane’susedmotorcyclepartbusinessdoesn’trequiremuchspaceatall.
Guesswhat?ThelasttimeIspoketoShane,hetoldmethathemakesmoremoneyfromsellingtheusedmotorcyclepartsthanhedoesfromthemotorcyclerepairbusiness!☺
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HowToMakeaGreatIncomeBuyingandSellingUsedCarsasa
Curbstoner
Curbstoningiswhenaprivatepartybuysausedcarandthensellsthatcartoanotherprivatepartyatahigherprice,thusmakingaprofit.
Thisterm“curbstoner”isusedbecausetheplacetheyusuallyparkthecarthey’resellingatthecurbinfrontoftheirhouse.Getit?
Whywouldanyonesellyouacarforlessthanit’sworth?
• Thesellerdoesn'tknowthecarisworthmore.
• Theysellitforlesssoitsellsfastandtheycangetonwiththeirlife.
• Thesellerbelievesthecarneedsmajorrepairs–butitdoesn’t.
• Thesellerknowsthecarneedsrepairs.
• Thesellerisamoron.
YoucouldprobablycomeupwithmorereasonsbutIthinkthatprettywellcoversthemainones.Butit’snotjustcarsthatsellforlessthanthey’reworth…
Humanssellstuffallovertheworldforlessthanmarketvalue.Andthat“stuff”couldinclude:businesses,boats,houses,land,computers,
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businesses,toys,surfboards,snowboardsandanythingelseyoucanimagine–andyes-evencars!
Whydon’tcardealerslikecurbstoners?
Manyintheusedcarbusinessresentcurbstonersbecausecurbstonersdidn'tgothroughthetimeandexpenseinvolvedingettingacardealerslicenseliketheydid.
Icanunderstandwhycardealersfeelalittleresentfultowardsthosethatarequietlymakemoneydoingthesamethingtheydobutwithoutallthemassiveoverheadandheadaches.
Buttheproblemisthatmanylicensedcardealersspreadstoriesabouthowallcurbstonersareliarsandcheats.
Sowhat’sthetruth?
Well,thetruthisthatsomecurbstonersarelyingcheatingscumbags,butsoaresomelicensedcardealerstoo–aswellaspeopleinvolvedinahundredotherprofessions!
Butjustbecausesomeonebuysandsellscarsfromtheirhousedoesn’tmeantheyaredishonestanymorethanhavingacardealerlicensemakesacardealerhonest.
Asinallwalksoflife,thetruthisthatsomepeoplearehonest,andsomearen’tbutfortunatelythehonestamongusgreatlyoutnumberthescumbags!
Whatarethepitfalls?
Thebiggestpitfallisnotknowinghowtoaccuratelydeterminewhatacarisactuallyworth.Youcan’tmakemoneyifyou’rejustguessingataprice,right?Right.Fortunately,thatisateachableskill.☺
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Theotherproblemisthatmoststateandorlocalgovernmentsimposelimitsonhowmanycarsaprivatepartycansellperyear.
Havingsaidthat,Ihaveyettohearaboutlimitsonhowmanycarsaprivatepartycanpersonallyownandthenchoosetoselllaterforwhateverreason.Thereisacleardifference.
Thereallycoolthingaboutcurbstoningisthatyoucanstarttoday(evenifyouhaveafull-timejob)andandmakegreatmoneywhilegainingvaluableon-the-job-experience.
Someofmystudentscontinuebeingacurbstonerforeverbymaintainingalowprofileandbybeingtotallyhonestwiththeirbuyers.(Ialwaysrecommendthatyoubehonestwithyourbuyers.)
Othersgainvaluableexperienceasacurbstonerfirstandthengettheirowndealerlicenselater–aswellasopeningtheirownusedcarlots.
AndstillothersuseaquickandinexpensivetechniqueinmycoursethatenablesthemtoLEGALLYsellasmanycarsastheywantperyearwithouthavingtheirowndealerslicense.
Thechoiceisyours.☺
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WhyYOUShouldConsiderBuyingAndSellingUsedCarsForProfit
Itdoesn'ttakeanyspecialskilltomakemoneybuyingandsellingcars.Race,religionandgenderdon'tmaketheslightestdifferenceandneitherdoesage.
Buyingandsellingcarscanbeagreatwayfortheretiredtosupplementtheirincomeaswellascollegestudents.Buyingandsellingcarscanbeagreatbusinessforthestayathomemomtoo.
Buyingandsellingcarsisanicewaytomakemoneyforjustaboutanyonewhowantstogetoffthetreadmillandoutoftheratrace.
Buyingandsellingcarscanbeawonderfullysimplewayforanyonetomakegoodmoneywithoutahugeoutlayintime,laborandmoney.
Here’satesttodetermineifyoucanbuyandsellcars…
Getamirrorandbreathonit.Ifitfogsup,youcandoit!
Youmaynotmakeamilliondollarswiththislikemybrotherin-lawsbrotherBobdid,butitcanbeagreatbusinesstouseasaspringboardwherebyyouwillhavethetimetogetintoanotherbusinesswheremaybeyoucouldmakeyourfortune.
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Havingalifefreeofthedailycommutewillallowyoutimetospendwithyourfamilyandtimetoenjoyahobbyorsport.Onceyoulearntheropesandarecomfortablewiththisbusinessperhapsyoucanstartplayingthatmusicalinstrumentthatyou'vebeenputtingoffforyearsormaybeyoucanlearnhowtopaint,orwindsurf,orjustdosomecreativeloafingforawhile!
So,whybuyandsellusedcars?IfIhaven'tgivenyouenoughreasonsyet,considerthefactthatausedcarisoneofthemostneeded,usedandtradedcommoditiesintheworld.Over200millionvehiclesareregisteredintheUnitedStatesalone.
Manyofuslovecarsandsomeofusconsiderthemanecessaryevil,butthefactremainsthatmostofusstillneedthem.Youcanhelpfillthatneedbyfindingcheapcarsthatyoucansellforupto$5000.00.
Inthispricerange(assumingyoudowhatisnecessary)youshouldbeabletosellthemfast,becauseatthislevelmostofyourbuyerswon'thavetohasslefinancingthroughabankandcanmoreeasilycashyouout.
You'llfindittobemucheasierstartingoutbecauseyouroutlayincashwillbeminimalandsoistherisk,plusyou'llhaveaquickturnoverofyourmoneyinthispricerange.
WhenIbuycarsthewayIdiscussinmycourseandpreparethemtherightway,Icanusuallysellacartothefirstpersonoratleastthefirstfewpeoplethatlookatmycarsforaquickprofit.
I’vehadafewcardealswhereIbrokeevenwhenIwasjuststartingout,butIhaveneverlostmoneyonadealandthose“breakeven”dealswereonesthatIlearnedalotfromthathelpedmewithfuturedeals.
LastyearwehadsomefriendsfromEnglandvisitandtheywereamazedathowmuchAmericansthrowaway.Itstrue,andyouwouldn'tbelievehowmanycarsI'verescuedfromanimpendingtriptothejunkyard.
ThesewereallcarsIboughtfromprivatepartieswhojustdidn'tknow,ordidn'tcaretoknowthatalltheircarneededwasalittlecare.Thesewere
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carstheownersthoughtwerereadyforthejunkyardbutonlybecauseofneglectandignorance.
Anddon'tthinkIspendalldaygettingmyhandsgreasy.Noway!MostofthecarsI'veboughtwererunners.Mostaregreatrunnerstooandmostofthecarsthatweren'trunningwellwhenIboughtthemusuallyjustrequiredsparkplugsormaybeanewbatteryorsomethingelseminor.
Averysmallfractionrequiredmajorrepairs,likemaybeanewclutchforinstanceandthosewerecarsthatIhadamechanicfixforme.
I'mstillamazedathowoftenIbuynicecarsfrompeoplethatIknowaremakingverylittlemoneyattheirjobs.ThesadthingisthatiftheyreadandfollowedthestuffinmycoursethentheywouldhavebeenabletoselltheircarforhundredsmorethanwhatIpaidthemforit.
You'llfindthisphenomenonofpeoplesellingstuffforlessthanwhatitsworthwithanyproductthatyoucanbuyandsell,notjustautomobiles.Ithinkmostpeoplegetsowrappedupintheirtreadmillofalifethattheydon'ttaketimetothinkthingsthroughveryclearly.Thisbusinesswillallowyouthetimetothink.
IboughtaHondaAccordoncefor$350.00thatranokay.Itlackedpowerandkindofhesitatedabitonacceleration.Theownerofthecarreallythoughtitneededaminimum$300.00to$500.00repairandhejustdidn'twanttohasslewithit.
Iwasn'tquitesurewhattheproblemwas,butbasedonthemethodsIuseonmyCheckOutaCarChecklistIsuspectedtheenginewasstillsoundsoIwenttoK-Martandspentafewbucksonsparkplugs,puttheminandthenitranlikeachamp.
Icleaneditupandsolditafewdayslaterfor$1100.00cash.Icouldhavehaditrepaintedandthatwouldhaveputanother$1000.00profitinmypocket,butIwantedtoflipitquickly.
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Afewwordsaboutbuyingandsellingoldclunkers…
Ifyouthinkyouhaveto“dumpsterdive”foroldclunkerslikeIwasdoingthenyou’dbewrong.Youdon’t.Ifyouknowthereisamarketforthekindofvehiclesyouwanttodealin,thenyoucanbuyandsellcarsatwhateverconditionorpricepointyouchoose.WhenIstartedIwasmostlydealinginfunkycarsbecausemostofmybuyersweresurfers,windsurfers,andrefugeesfromrealitythatwantedsomethingcheaptogettothebeachandback.Iwasfillinganeed.
Isbuyingandsellingcarsforprofitarecessionproofbusiness?
Yes,Ithinkbuyingandsellingcarsisoneofthefewtruerecessionproofbusinessesalongwithgrocerystores,movingcompanies,trailerandtruckrentalcompanies,andundertakers.Why?Becauseevenwhenthenewcarmarkettakesadive,there’salwaysademandforbasictransportationusedcars.
Askyourselfthis…
Howmuchbetterwouldmylifebewithjustanextra$1000.00to$3000.00permonthcoming?
And…
WherewillIbethreeyearsfromnowifIignorethebookI’mreadingnow?WillIhaveaprofitablebusiness?WillIhavetransformedmylifeintothelifeI’vebeendreamingabout?
Oneofthebiggestchallengeswhenstartinganythingnewisnotknowhowtogetstarted–andprocrastination.
Ireadsomethingfunnybuttrueoncewheretheguysaid:
PROCRASTINATIONisthebiggestnationonearth!
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Youcanstartnowandevenifyouonlyhave15minutesperdaybymakingconsistentandsystematicmovestowardsaccomplishingyourgoals.
Thesestepsarecalled…
Babysteps
Andinordertokeepprogressing,youwillneedtomake“babysteps”onadaily,weeklyandmonthlybasis.
Again,just15to30minutesperdayisallthetimeyou’llneedtolearnthis.
Andbelieveme-nothinghelpsmoreinknowingyou’reprogressingthanthefeelingyou’llgetwhenyou’restuffingyourpocketswithcashaftereachdeal.
Whatshouldyoudonow?
Ifyouhaven’tseenmyFREE5partmini-courseyet,thenclickthelinkbelowtogetstarted…
https://www.Buy-And-Sell-Cars-For-Profit.com/cb/
Questions?Pleasecontactmeat:https://www.Buy-And-Sell-Cars-For-Profit.com/contact