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SVTPerformance's Chain of Restaurants
Road Side Pub
Thinking about getting into selling cars on the side
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<blockquote data-quote="shhak" data-source="post: 7116683" data-attributes="member: 53892"><p>We've (my dad, brother, and I ) got a dealers license in TN. We're in a little "backwoods town" so the car market is pretty tough. Floating the titles is illegal. If you don't think it is, let a license investigator find a car in your possession with an open title and see what he says.</p><p></p><p>My dad has had a car lot since about 1970 and sold over 7,000 cars in that time. Then in about 1990 or so he closed down. But last year, we bought 75 of those FEMA campers in June so we needed to get a dealers license again to avoid having to title all of the campers in our name and pay taxes on all of them. Within 90 days, we'd sold all 75 of the campers and had made over $175k profit after all our expenses. </p><p></p><p>There are ways to make money buying, selling, and trading cars, trucks, campers, bikes, etc... You just want to make sure you go about it legally. Just one little fine can take you from making money to losing your ass.</p></blockquote><p></p>
[QUOTE="shhak, post: 7116683, member: 53892"] We've (my dad, brother, and I ) got a dealers license in TN. We're in a little "backwoods town" so the car market is pretty tough. Floating the titles is illegal. If you don't think it is, let a license investigator find a car in your possession with an open title and see what he says. My dad has had a car lot since about 1970 and sold over 7,000 cars in that time. Then in about 1990 or so he closed down. But last year, we bought 75 of those FEMA campers in June so we needed to get a dealers license again to avoid having to title all of the campers in our name and pay taxes on all of them. Within 90 days, we'd sold all 75 of the campers and had made over $175k profit after all our expenses. There are ways to make money buying, selling, and trading cars, trucks, campers, bikes, etc... You just want to make sure you go about it legally. Just one little fine can take you from making money to losing your ass. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Thinking about getting into selling cars on the side
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