LogFAQs > #966081080

It's pretty easy if you sell under BBV (blue book value), and you can often get cars for WAY under BBV (allowing you to sell them for a profit) by going to car auctions, looking on Facebook Marketplace and similar places etc.

Going to auctions puts you in competition with the used car delearships but they usually are not willing to pay as much especially for the fairly cheap cars, due to overhead and the cost of the space the car would be in etc.

As an example a BBV car of around $5000 will often go for $500-$1000 at a auction, but.....used car dealerships are not going to be willing to pay anything over say $700 for it, so if you get it for $800 and then turn around and put it up for sale at $4000 (Especially right now due to most cars going for over BBV currently), you make a significant profit of $3200, you can do that 4 times a year without getting a license as well, which with just 4 cars would be a net profit of about 12,800$.