How do second hand car dealers make money?
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Answer:
They purchase cars at auction (cheap), or as trade-ins. They may have a mechanic on staff, but they do not pay $80 an hour! In any case, they fix up the car. They may buy at blue book prices and sell at Blue book price, but the two--private seller and auto dealer--are different. Auto dealer is higher. The bigger ones may also offer add-ons, such as extended warranties: large profit.
SQL2H2H6M7PZCSWYQRDNY7UI2Q at Yahoo! Answers Visit the source
Other answers
Buy cheap and sell high! People with bad credit will do anything to get in a car! Even if it means they will pay twice as much for a shtty car!
Giggidy Giggidy
they sell cars for 5,000 dollars that they buy for 1000 dollars...
By selling lemons.
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