Ever wondered how can you get a huge, and I mean huge discount on the car that you always wanted? The answer is: "Buy repo cars!" People all over US, UK, and other countries buy repo cars and some of them even started businesses by doing it while they also drive cool cars that they always wanted.
How can you start a business from buying repossessed cars?
Well, the process is very simple:
1. You go to a website that has some kind of connection with the companies and departments that seize cars from people that haven't paid their loans, or people who are investigated for criminal activities.
2. You chose the car that you want, take part to the auction (online) and get the car. You can find any car from old Chevy's to brand new 2009 BMW's, Lamborghini's or Bentley's. Another great part is that most of these cars are all in great shape because the people who gets their cars repossessed don't expect the bank to come and take away their cars or they will usually will try to pay their loan and that's why they will keep maintaining the car.
3. You sell the car for more than you bought it.
This business idea could bring you a lot of profits because usually, the repo cars have discounts of up to 90%, depending of the brand, catalog price and a few other factors. Let's make a short example:
You get a repo 2003 Corvette for $13,900, normal price of $23,000. You post an ad on the internet or in the local newspaper where you say that you sell you great Corvette for $19,000. People will understand that this is a bargain and they will come to your door asking details and wanting to see the car. One of them will of course buy after he sees that the car is well maintained and the price is cheap.