Benefits Of Buying ATV
How to Buy, Sell, and Profit on ATV’s.
Many people purchase ATV’s from a dealer, with the illusion they are closing and on a great deal. But let’s take it out of context: Meet Garry, who just got his paycheck and he is looking to buy a reliable utility ATV, with $3000 to spend. Now he has two options, he could go to the dealer and put his $3000 down on a $7000 ATV, with a $80-150 monthly payment plus interest losing money every month. Or Garry could purchase a good used utility ATV with low miles, for a reasonable price of $3000. Seems good, right? But let’s take a second look. When Garry buy’s an ATV, whether it be from the dealer or a used one in a private purchase, with plans of keeping it and not selling it. He probably will only actually use it a few times a …show more content…
The rest of the time he’ll have it parked either in his garage or outside, and after many years of owning it, he will have more money to it than what he purchased it for, from repairs, gas, tires, etc. That is called a liability, which takes money out of your pocket on a regular basis. But there is another way to buying ATV’s which puts money into your pocket, it’s what I have come to learn over the past year. I like to call “flipping wheelers.” Let’s take it out of context again: Meet Johnny, he just got his paycheck also and is looking to buy a reliable utility ATV, with $1000 cash to spend, however, Johnny is looking to make a profit on the ATV he buys. He then finds a good deal on one, with a low retail blue book of $1200 and a high retail of $2100. He purchases it for $900 cash, refurbishes it for $100, now having all his money into it. He turns around and sells it a month
Many people purchase ATV’s from a dealer, with the illusion they are closing and on a great deal. But let’s take it out of context: Meet Garry, who just got his paycheck and he is looking to buy a reliable utility ATV, with $3000 to spend. Now he has two options, he could go to the dealer and put his $3000 down on a $7000 ATV, with a $80-150 monthly payment plus interest losing money every month. Or Garry could purchase a good used utility ATV with low miles, for a reasonable price of $3000. Seems good, right? But let’s take a second look. When Garry buy’s an ATV, whether it be from the dealer or a used one in a private purchase, with plans of keeping it and not selling it. He probably will only actually use it a few times a …show more content…
The rest of the time he’ll have it parked either in his garage or outside, and after many years of owning it, he will have more money to it than what he purchased it for, from repairs, gas, tires, etc. That is called a liability, which takes money out of your pocket on a regular basis. But there is another way to buying ATV’s which puts money into your pocket, it’s what I have come to learn over the past year. I like to call “flipping wheelers.” Let’s take it out of context again: Meet Johnny, he just got his paycheck also and is looking to buy a reliable utility ATV, with $1000 cash to spend, however, Johnny is looking to make a profit on the ATV he buys. He then finds a good deal on one, with a low retail blue book of $1200 and a high retail of $2100. He purchases it for $900 cash, refurbishes it for $100, now having all his money into it. He turns around and sells it a month