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You can start to sell and buy cars for profit with
little experience of automobiles and little cash.
Here are some lies about this business that I want to reveal now...
Lie one: you have to have expert mechanical awareness of cars prior to
starting your used automobile business. Untrue!
The truth: Knowing a few mechanical things about cars definitely will
not hurt, but I started doing this with just about no mechanical
knowledge of cars. However, there are some details about this business
that are unrelated to mechanics that you should be aware of before
beginning.
Lie two: Everybody must have a large auto lot and that is the sole way
to operate. Untrue!
The truth: There are many in the business that operate from their own
homes.
Lie three: You need mountains of cash to start. Untrue!
The truth: There are several successful entrepreneurs in the used car
business that started with just a couple of hundred bucks and then
pyramided their profits from each vehicle they sold into an empire.
Lie four: You cannot make cash selling used cars because the huge
fortunes can only be made selling new vehicles. Untrue!
The reality is that serious cash has long been made from purchasing and
selling used cars. Think about it, many new auto dealerships in the US
have stopped selling new automobiles completely and are now ONLY
purchasing and selling used cars.
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