Is it possible to Buy a car at the auction for a discount and keep for 6 months, sell it on the market , And repeat the process ?

Rodrigo Rodrigues 04/15/2018. 7 answers
Cars & Transportation Buying & Selling

Example : Market price 15k for the car, You purchase for 12k and sell it for 12k after 6 months( depreciation)

7 Answers

Master Of Puppets 04/16/2018.

I'm assuming your end goal is to make money, right? If so, then your 'plan' doesn't make any sense at all. You're buying a car for 12k and selling it for 12k? In the 6 months you have the car, how much would you have spent for insurance, gas, and maintenance? You'll probably end up loosing money.

Anonymous 04/16/2018.

How will you make money?

? 04/16/2018.

Yes it's possible, but your business model generates no profit.

Pilsner Man 04/16/2018.

Why would buying it and selling it for the same price make any sense?

babyboomer1001 04/16/2018.

Of course.

? 04/16/2018.

that's where dealers find their cars to sell

? 04/16/2018.

That doesn't make sense. You didn't make any money doing that.