Besides OWNING a vintage car can anyone tell me if there are other wways of dealing in classic cars and profitingfrom them? Would like to buy one, have it appreciate, sell it and re-invest in more expensive models. Dont have the means. Any suggestions? Also: a used car dealer license is on $75.00 in michigan
An honest question. This is a field loaded with lots of people looking to make a quick buck.
That aside, you’ll need to become very knowledgeable on antique cars and trucks.
Most of the well off dealers are the ones who have done their homework and beat on certain cars to become the next money makers.
Want to deal in vintage and classic cars (pre-1945) But dont have the capital. What to do?
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alright save up a lot of money… get a couple scrap bodys form the junk yard…like mustangs and corvettes..rebuild them and sell them for about 1.9 the cost of buying the parts and fixing the car…also when you get enough buy a lot
References :
An honest question. This is a field loaded with lots of people looking to make a quick buck.
That aside, you’ll need to become very knowledgeable on antique cars and trucks.
Most of the well off dealers are the ones who have done their homework and beat on certain cars to become the next money makers.
References :
26 year mechanic and car enthusiast.