Quote:
Originally Posted by WanganRunner
Flip cars.
The private party used auto market is very inefficient due to a lack of transparency, so pricing is all over the place and there's a great deal of opportunity for arbitrage. You just need to know the value of a thing better than the person who's selling it.
Of course, you need capital.
You can make quite a bit in a very short amount of time, but you're entirely beholden to what's available in your area. Some times you'll see five cars in a week that you could each clear a bunch on, and then not see anything seriously mispriced for a month.
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the problem with this is most people today think their car is gold and price it as such. ive found only a few good deals in the last 2 years and im a car dealer