Can you buy and sell cars in South Africa to make a profit? Where do you buy the vehicles and do you sell them online or offline? If you want to start your own business full time. Or take on a sideline that will help you bring in some extra money. Then consider following these tips for buying and selling used cars for a profit.
The best places to buy and sell cars in South Africa:
- Johannesburg (Gauteng)
- Pretoria (Gauteng)
- Centurion (Gauteng)
- Port Elizabeth (Eastern Cape)
- Durban (Kwazulu Natal)
- Bloemfontein (Free State)
- Cape Town (Western Cape)
Because everybody needs transport. And because almost everybody would prefer to have their own car to organize their own lives with. There is always a demand for affordable vehicles.
The need for cheaper vehicles is high because brand new vehicles are generally so expensive. People turn to used cars when they are looking for a vehicle of their own.
Because they simply cannot afford a brand new vehicle. And they do not qualify for a huge loan or cannot afford the loan repayments and interest.
If you are looking for a way to earn money and perhaps start a profitable business, buying used cars and then selling them on for a profit is definitely a good idea.
Where Can You Buy Used Cars Cheaply?
A great place to buy quality used cars at a really good price is from bank repossessed vehicle auctions.
Because financial service providers will repossess vehicles from people that they have lent money to if the individuals have failed to pay their loan repayments in full or on time.
They are usually looking to sell of the vehicles pretty quickly. In an attempt to regain some of the money that they have lost.
Because of this they usually sell the repossessed vehicles through auctions. And also charge very low prices for them. You will regularly find deals on quality vehicles at low prices.
It is a good idea to start your search for a second hand vehicle at a bank repossessed car auction. You can even buy repossessed cars at online auctions.
This may also interest you: Cars Repossessed from Absa, Standard Bank and Nedbank
This is something that car dealerships do to grow their business. They buy and sell cars in South Africa from auctions to get deals on vehicles and make a profit.
If you are working a full time job and looking to sell used cars as a side line business, buying vehicles online is a great way to save time.
You can see what cars are available to buy almost any time of the day or night. Making it convenient for you.
How to Sell Your Used Vehicles
It is also relatively easy to find people who are interested in buying second hand vehicles. Because there is such a need for good quality, affordable cars.
You will have to advertise your vehicles. If you are looking to save time and money the best way to advertise is online.
You can upload advertisements for vehicles onto online classifieds websites like Junkmail or Gumtree. Or you could advertise on auto websites like Auto Trader. For more information have a look at the Auto Trader South Africa website here: https://www.autotrader.co.za/
You can also start your own website. There are places online where you can find companies that will host your webpage for free. However you will have to create the site, maintain it and update it yourself.
You should be sure to pay attention to detail and read up on creating a successful website before you start.
Another great way to advertise your second hand vehicles for sale is through social media.
You can create a Facebook page for your company as well as a Twitter account. And post comments about vehicles for sale. It is important, if you are trying to gain ‘likes’ or followers, that you do not inundate people with advertising.
Include some relevant information, post funny pictures and pictures of the vehicles. Upload the occasional joke or bit of news that is relevant to your page and try to encourage interactivity.
It is also important to spell properly, use the correct grammar and do not over do the punctuation. You must aim to look professional at all times.
Give Great Service
It is important that you give the best possible service at all times. Only purchase good quality vehicles and have them checked by a professional. So you can make sure there are no hidden problems before you buy them.
Make sure you are always honest in your dealings with your clients. And always have the vehicle properly cleaned before clients view it.
Make the service a special experience by being friendly and sincere. Treat your customers well and give them good advice. Add something extra to the experience by throwing in a gift with the car you are selling.
To Summarize How to Buy and Sell Cars in South Africa
In summary we have learnt that in the main area’s of South Africa it is possible to buy and sell cars for a profit.
Therefore go about this business in a way that suits you. Check out the online car auctions or better still go to a local bank repossessed car auction near you.
You will be bidding against dealership owners. However the advantage you have is you don’t need to make such a big profit as them. So the chances are good that you can outbid them.
Whatever you decide, all the best with the buying and selling process of the vehicles that interest you. Hopefully you can become successful with your new business venture.
Finally if you want to find out the value of a car you want to buy and sell you can use an online car value calculator. You can find out more information and a calculator on this website: https://www.valueyourcar.co.za/