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Making money importing cars from Germany

Discussion in 'Making Money' started by niel96, Jan 24, 2016.

  1. niel96

    niel96 Regular Member

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    Hi guys

    I'm not so long in the car business yet but i want to share my experience with you.

    What i do?
    I import cars from Germany because they are cheaper there. You can also buy ex leasing cars on car marketplaces.

    Things you need to do this:
    A lot of money, cars are not cheap. To begin with you need to buy at least 3-5 cars and have money to start a business, do the paperwork. You also need a location and website.
    100 000 euro at least is preferable.
    Depends on the country you live in but in order to become a car-dealer you need the right certifications and qualifications. I'm not a cardealer myself but someone who works for me is, that's also allowed where i come from.

    How to do it:
    When you want to buy car's in Germany the best way to find them is using the website mobile.de

    I always buy cars that average people would buy. Price range 15-25 000 euro. Engine not to big 1.6, 1.8 or 2 liter. Diesel sells better than petrol. I only buy car's in white or black color, they sell faster. I try to have as much option's except automatic transmission.

    Car's that i buy in Germany are:
    Mercedes a , c
    Audi a3
    Bmw 1
    Vw golf

    This earns more than i first expected. I get about 10-20 percentage profit on a car. I sell a car in max. 2 weeks. The average car costs 20 000 euro so i can have 2000-4000 euro profit on one car in 2 weeks. When you have 5 cars you can sell at least 10 a month. That's 20 000 to 40 000 euro profit every month on 100k.

    Even my stock market trading friends are jalous on me.
    It's all about finding cheap, quality car's and be the first buyer. I learned this from someone who's been doing this for 15 years.

    (Read between the lines: you can put the miles a little bit back up to the last official maintenance or examination)
     
  2. abhi007

    abhi007 Jr. VIP Jr. VIP

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    Go sell your shitty cars on a car forum lol..is this even a method?
     
  3. LostConnection

    LostConnection Senior Member

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    So your method is to cheat on the miles on export cars, very nice.
     
  4. pr0ject

    pr0ject Power Member

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    I can see this working and actually I've also thinking about opening something like this myself, but I'm against the thing of faking miles. You want returning customers and build a good reputation, and if the customers find out about that, it will hurt in the long-term.

    I have question: Why do you say that you need to buy at least 3-5 cars? I actually think that you can start smaller with only a car, to test the waters.
    You can even buy a car for yourself (one that you like) and try to sell it online. In the worst scenario, if you can't sell it for a profit, you can keep it for youself and have it as your own car.
     
  5. hudsonhicks

    hudsonhicks Junior Member

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    You live in Belgium?

    Why would Belgium people not just go across the border to buy their cars if they were really cheaper in Germany?
     
  6. niel96

    niel96 Regular Member

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    Because most people don't want the trouble of importing a car. It can give some stress if you have never done it before. I also think that a lot of people don't know this price difference. People are not comparing prices with foreign cars most of the time you search only on local websites.

    it's not common to buy a car in a foreign country for a lot of people. And in germany german cars are cheaper, that makes a lot of sense to me.
     
  7. niel96

    niel96 Regular Member

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    You don't have to fake miles. When you buy ex leasing cars from car marketplaces you can even get them cheaper than in germany from a car dealer. Because the car dealer also buys it from those websites so it even makes not much sense going to germany if you are a cardealer yourself. You can only buy it directly from a leasing company if you are a registered cardealer. I had not all my paperwork finished so i bought the first cars from cardealers intead from leasingcompany's.

    It's better to have a few car's to get things rolling quicker. When you only have 1 car you can only sell 2 a month. So most of the time you are doing nothing.

    A friend of mine used to do it with one car. He just drove it, sold it and bought another one. Problem is he was not doing this as a company and had no job so that could not last forever.

    I see people complaining this has nothing to do with im but that's not true. You buy them online and sell them online. Your succes depends on your online marketing.
     
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  8. SebiP

    SebiP Regular Member

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    This is actually a legit method but it depends a lot on where you live. I know that my father was making 40.000 a month with this method a few years back, now it's harder though.
     
  9. Stansy

    Stansy Junior Member

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    Does this only work for countries in Europe?
     
  10. The Curator

    The Curator Jr. VIP Jr. VIP

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    Have a buddy who does online car auctions for a car dealership, he makes them crazy amounts of money. He wants to do it himself, just no start up capital...
     
  11. Boriss

    Boriss Supreme Member

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    I was doing this back in the day, but didn't mess with the miles/km's.

    Took one good mechanic with me to inspect the cars, bought them and made decent profit.
     
  12. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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    Crap method, you don't state where you are importing cars to, I presume it is Belgium.
    Normally there are taxes and registration costs involved.
    Also when you start importing cars for resale, other costs are involved because you are now considered a dealer as they are not for personal use.
    You also suggest "clocking" (Odometer fraud) the cars which is illegal.

    OP clearly has no idea what he is talking about.

    My wife is French and we have imported cars to the UK. Savings can be made but it isn't hassle free.

    https://en.wikipedia.org/wiki/Odometer_fraud
    http://lmgtfy.com/?q=import+car+to+belgium
    http://belgium.angloinfo.com/transport/vehicle-ownership/registering-a-foreign-vehicle/
    https://www.justlanded.com/english/Belgium/Belgium-Guide/Travel-Leisure/Owning-a-vehicle-in-Belgium
     
  13. obiwan69

    obiwan69 Junior Member

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    Actually I have to disagree with you on that, this method works extremly well in my country (especially with american vehicles). Why does it work? Because you're exempt from paying a lot of fees, the only thing you have to pay a tax on is the shipping + port exenses and registration.

    So let's put this out here, lets say I buy a truck from the states for 4k and the shipping is 2k which is the price I get quoted for.

    So 24% tax on the shipping costs is about 500 + the other fees would be around 1000 so its really not that bad when I can sell the truck here for 4 times as much as I purchased it for. I am actually in the process of setting this up, I have already bought my first vehicle and it is about to get shipped here (northern europe), I purchased the vehicle (dodge ram 1500 longbox) for 2500, shipping is another 2000, so once its ready to be sold again I will have about 6500 invested at most and the value of the vehicle here is anywhere between 23-28K. Also there is 0% tax on the profit as you can sell 7 vehicles per year without having to pay tax. So from this one vehicle I will be netting 15-20K profit.
     
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  14. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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    Importing from the US is very different.
    The reason those cars can be sold here for more than their cost is because those models aren't widely available in Europe. People are willing to pay the premium.


    http://europa.eu/youreurope/citizens/vehicles/cars/index_en.htm
    http://europa.eu/youreurope/citizens/vehicles/cars/buying-a-car-abroad/index_en.htm
    http://ec.europa.eu/competition/sectors/motor_vehicles/prices/report.html
    http://europa.eu/rapid/press-release_IP-11-921_en.htm?locale=en
    http://www.thisismoney.co.uk/money/...d-grab-bargain-new-car-sales-dive-Europe.html
    http://www.xpats.com/car-prices-belgium-and-other-european-countries





    Anyway, I think Duffers5000 might be able to provide more information and knowledge to this thread, as I think he is a full time trader/dealer.
     
  15. hudsonhicks

    hudsonhicks Junior Member

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    Im surprised you can even "import" a car across mainland EU borders.. they are integrating everything nowadays...
    Obviously UK/Ireland is different coz we drive on the other side of the road.