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Wrong!Reality: Hah! I'm not some brainiac! J Myth #8: This business only works in the U.S.A.

Wrong again! I'm thinking of one while writing this, and it required only $25.00 to get it ready for selling and sold for $600.00 (Profit $525.00).Myth #3: You must have expert knowledge of cars.

Wrong!Reality: The flexibility and free time offered from buying and selling used cars can allow you to keep your current job forever.if you choose to keep it.

And if you think I had to put hundreds into those cars before I sold them.

Wrong!Reality: Although you might choose to have a little tiny 2 car lot at some point, I've never had a car lot.

Myth #6: You need to quit your day job to do this.

Wrong!Reality: Having free time to do other things in my life besides work is extremely important for me, and is part of that thing that makes quality-of-life a reality.

Wrong!Reality: I started with only $400.but I've bought many cheap used cars.some for as little as $50.00.

Tack extra points on to loans, aggressively push aftermarket extra's like rust proofing, window tinting, extended warranties, etc., but again, their biggest profits come from selling used cars.

J 11 Myths Surrounding The Used Car Business.

Myth #2: You need tons of money to start.

Myth #5: The real money is made selling NEW cars.

The profit they make from new car sales is mainly because they.

Wrong!Reality: I knew almost nothing when I started and still don't like to get my hands greasy (and rarely do).

Their highest profits come from selling used cars.

Wrong....

Myth #1: You need a big car lot with massive overhead.

This is a perfect part-time business (with a full-time income).Myth #7: You need superior intelligence.

Sure, knowing something about cars won't hurt, but common sense is the key.when you start with the proper guidance.Myth #4: The hours are long and grueling.

Wrong!Reality: You might be surprised to know that most of those big shiny new car dealerships make very little profit from the sale of new cars.