How to make money buying and selling cars on craigslist

how to make money buying and selling cars on craigslist

Advertiser Disclosure: The credit card and banking offers that appear on this site are from credit card companies and banks from which MoneyCrashers. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. Advertiser partners include American Express, Chase, U. Bank, and Barclaycard, among. With pictures and lots of space, you can get more out of the listing than those expensive 20 words you might get in the local paper. Before you do anything else, make sure you work out any kinks with your car title. Resolve any problems early, so that your final sale can go smoothly. If you have the title, fish it out from whatever extremely safe location i. Get detailed instructions from the bank on how they would like to handle the transfer. Once the pros are finished, go over the inside yourself with a wet rag and wipe down every surface that could conceivably collect dust.

More Money Hacks

This is really working for me. One confession first. So, although it is a rural area with very few jobs, it is an excellent location for making money on Craigslist. But you can do this no matter where you live. Another important point. You must be mechanically inclined for this job. You have to be knowledgeable enough to spot a value in a used car or truck. Knowing how to negotiate is another thing that helps. And it usually only takes me a few hours a week. Study your nearby Craigslist cities, and determine which one has the most people with money.

I’d love to learn about…

In my case, there are some rural areas near me, where people have very little money like Kokomo, Indiana , and areas where people have more money like Chicago. Determine your budget. Only use money that you can afford. Study the rural or cheaper area for a good deal on a used car or truck. I have found that most people who have owned a car for a long time will tell you all about it- what it needs, how dependable it is, etc. These lengthy descriptions show honesty in most cases. Email them and ask more questions. Will the car make it to California? How much oil does it use? How are the tires? Look at cars that are a little more expensive than your budget. Go check out the car.

Recent Stories

.

Now imagine reselling it in the dead of October — very different market, very different values. Moreover, unlike eBay and Amazon, Craigslist charges you nothing for posting a classified ad on their site. And yes, sometimes you can even get cash for your trash! Leave a Reply Cancel reply Your email address will not be published. The challenge is when you are selling a luxury vehicle that not many people are searching for — it can be more difficult on Craigslist.

Below are practices that you need to hone and develop to make the all-important sale. With its free barrier to entry, making money on Craigslist as a seller is easier and cost-effective. They apply to selling many things on Craiglist. Working multiple jobs may not be the most efficient way to make money on Craigslist. Great article, I love the part about the item flipping. Assuming that the machines you are selling are pre-loved, you need to make sure that the units still works and operates at an efficient level. In the case study above, he details how he purchases items from Craigslist and resells them to make money. In this post, I will discuss with you tips and advice on how to make money on Craigslist featuring products you need to sell and methods you need to follow.

My very first attempt at making money on Craigslist was selling a few 5 gallon buckets of interior paint, a few years ago. That was when I realized how easy it really is to make money with Craigslist. So I started researching and reading about the ways other people had been making money on CL. Just enter Craigslist. This section is a goldmine of opportunities. You can find tons of used and sometimes almost new, slightly used items.

You can get free stuff from hod furniture and tools to books, gym equipment and everything in. Generally, the only catch is that you have to move the stuff. Some people may even help you load it which is very kind of. Make no mistake about the quality of the goods you find in the free section. With a few exceptions, people are generally trying to get rid of things that are, more often than not, in very craigslkst shape.

Join Opinion Outpost It is free You can simply sign up and have your account in seconds. Just pass these! While those might look useless to you, there are certainly people who can take it and make the best of it. And yes, sometimes you can even get cash for your trash! Perhaps that dresser you picked up could use a scrubbing, or maybe a full-on polishing, but afterward it is showroom-ready. This is the ideal kind of thing you tp to pick up on Craigslist because other people chasing these opportunities might not be willing to put in that level of work.

Be hiw to take as many quality pictures as you can from different angles, showing various details of the item. You want photos with good lighting, multiple angles, and most importantly, you want something that makes your product look good.

Heck, you can even sell your smartphone pictures for cash, these days. Include as much information as you are comfortable. People like things that are impressive and noteworthy, so share any cool details you have about it.

Also, keep in mind that with some items, all you have to do is probably a quick clean up. At the very least, buyint can be a great way to make extra money in your free time. The core idea here is to take advantage of price differences between markets. Taking my advice up above, the price difference would be free vs. You could even flip these items if you had a mind to. Same with garage sales …. This alone should tell sdlling that there are major fluctuations and differing interpretations of value in the car world.

Now, getting into flipping used cars will probably come later, when you have a little bit of seed money to spend on your operation, but that is probably the most lucrative area. Almost anything can be flipped for a profit depending on how much you bought it for, how sellling time and money you had to put into flipping and so on.

Another example of that would be someone who keeps seasonal stuff around to sell. Imagine picking up a whole haul of Halloween stuff in March. Buyying imagine reselling it in the dead of October — very different market, very different values. Monney said all of that, there are some items that are easier to flip and yield more profit. Fixer-Upper is a phrase that is used to refer to something that, while run-down at the moment, should be worthwhile once restored. Find old, dirty wood furniture and make it shine.

I personally saw a couch CL the other day. It was a giant sectional, leather-bound, definitely worth a grand or two when it was new. And yet, it was free due to some cosmetic damage. You can find free chassis and frames all over the place on Craigslist, old classic car bodies with rotted out engines. Not only would you be swamped with competition, but people might be so bent on it that they try to undercut you for the goods.

This has nothing with flipping stuff on Craigslist, instead, this is just about making the most of Craigslist as a platform. Plenty of people are willing to swing by and pick products up themselves. And as you can imagine, this is really prohibitive to a lot of people.

There are a lot of people who use Craigslist, and some moneey those people have very well-paying jobs. Electronics and appliances like an old fridge or freezer, are two of the most popular category of products that sell like hotcakes on CL. People upgrade their phones all the times, even though their old phone may be working perfectly fine. No matter what version phone you have, there are people who have the version before it and want to upgrade.

You can sell your old laptopfridge, TV, microwave… the list goes on. You should always compare prices when shopping! Gas prices are always at the forefront of our conversations especially when it comes to how much things cost and the ever-rising cost of goods.

How would you like to turn your grocery receipts into cash and rewards? Thanks to an awesome free app, you can now do that! It is called Shrink. Stray Rescue of St. It was, surprisingly, a great experience that went smoothly and without any issues. Join InboxDollars for free. InboxDollars pays you to watch videos, search, shop, take surveys, and. Table of Contents. Want More Money? Join Opinion Outpost. It is a fun panel with a lot of interesting surveys.

And it rewards you well! Join Opinion Outpost It is free. More Money Hacks You should always compare prices when shopping! Pages About Contact Contribute. Learn More. Connect with MP. Proud Supporter of: Stray Rescue of St. Share Tweet Pin.

Selling your car on Craigslist is a great way to make fast money, provided you se,ling it using the following valuable tips. Getting top dollar for your car and selling it quickly is all about prepping your vehicle well and marketing it. Read craigsljst tips below for selling a car on Craigslist in a way that will maximize your profit and minimize your hassle. We recently bought a vehicle off of Craigslist.

8 Steps to Selling a Car on Craigslist

We had certain parameters that we had set in place — most shoppers do — as we went about our shopping. We had totaled our vehicle in an accident and wanted to replace it with a similar model. We wanted to spend only what we had gotten from the insurance company so that we seling be sure to pay hoq for our car and not have to take out an auto loan. For us, this maek buying a replacement vehicle that was in as good as shape as possible for the money we had to spend. When selling stuff on Craigslist — especially a car — you want to make craivslist item look as attractive as possible to potential buyers. Before listing your vehicle, be sure to wash the outside of the car and thoroughly clean the inside of the car. The inside of our vehicles stay clean because we vacuum them thoroughly, spot clean hpw stains with a rag and a bucket of slightly soapy water and wash the inside windows and dash with Windex or Armor All and some amd towels. Take your pictures on an overcast day if possible for the best lighting, preferably with an actual camera versus a cell phone. Be sure to include a picture of the odometer so that you can prove you are being honest about the mileage. Make sure your pictures show any bonus features too, such as a DVD player or navigation. Show pictures of the tires and take an under-the-hood shot. Search other listings for vehicles similar to yours, and check the Kelley Blue Book value before determining a price. The thing about it was, though, that his truck was in much worse shape that many of the other trucks in that price range. We walked away, and when we checked a week later, the truck was still up for sale. People always want to get a good deal so be prepared to negotiate on the price .

Comments

Post a Comment