| You can start to buy and sell cars for profit with | | | | started with only a few hundred dollars and then |
| little knowledge of cars and little money. However, | | | | pyramided their profits from each car they sold |
| here are five lies about this business that I need | | | | into their next profitable used car deal. |
| to reveal now... | | | | Lie Number Four: You can't make money selling |
| Lie Number One: You must have expert | | | | used cars because the big fortunes can only be |
| mechanical knowledge of cars before you start | | | | made selling new cars. Untrue! |
| your used car business. Untrue! | | | | The Truth: The reality is that the profit in new |
| The Truth: Knowing a few mechanical things | | | | cars is extremely low and always has been low. |
| about cars certainly won't hurt, but I started doing | | | | New car dealerships make their profits from |
| this with almost no mechanical knowledge about | | | | selling new cars due to heavily pushing their |
| cars. However, there is some specialized | | | | customers to buy aftermarket items like |
| knowledge about this business that is totally | | | | rustproofing, window tinting, and many other |
| unrelated to mechanics that you should be aware | | | | things they may not need. And lets not forget |
| of before starting. | | | | about them adding extra points on to the loans |
| Lie Number Two: Everyone must has a big | | | | and the money they make from the repairs they |
| expensive car lot and that is the only way to | | | | do in their service department too. The truth is |
| operate. Untrue! | | | | that the big money has always been made from |
| The Truth: You do NOT need to have a small, | | | | buying and selling used cars and the proof of that |
| medium or even large car lot. There are many in | | | | is how many very old and well established new |
| the used car business that operate from their | | | | car dealerships in the US have stopped selling new |
| own homes. | | | | cars completely and are now fully into ONLY |
| Lie Number Three: You need tons of money to | | | | buying and selling used cars. |
| start in the car business. Untrue! | | | | I sincerely hope this has helped to expose the lies |
| THE TRUTH: There are many successful | | | | about the lucrative used auto business and shed |
| entrepreneurs in the used auto business that | | | | some truth on it once and for all. |