Quote:
Originally Posted by sugarwood
I agree that low baller flippers who prey on ignorance have a repugnant quality.
https://www.youtube.com/watch?v=iDGEachjgWE
You are implying that you buy cars at market rate.
However, if you pay full asking, where does that leave your business plan? |
There is an important distinction here, I routinely buy cars at their asking price, but not necessarily at their full market price, hence I can make some money on the car. Remember, I buy few cars compared to the amount I look at, or get sent to me. I get several leads every week, but don't buy most of them. The gist of the article was that many guys can't not beat up the seller, even if the car is a good deal, so they end up blowing deals because they get greedy. In the long term those guys get less and less cars because no one wants to deal with them, word gets out.
Also, I tend to buy in bulk if I can, so the price is always better when you buy a whole truckload.
---Adam
