[Lahore] How to get into business of buying used cars and selling them after repair

[sasadmunir]

I am trying to look into buying used cars and selling them after refurbishment and minor works. I want opinion of good forum members about:

1. Is this is a good time to get into this work? I think since the production of new cars is going down there might be more need for used cars. So even if I buy and hold car for some time there might be good return on that. What do you think.

2. I am located near Bhatta Chowk Lahore. Can you recommend any good denter painter who will not charge a lot but get the car ready to the condition that it hides the obvious defects and makes it sale ready.

3. What is the best method to sell the car after getting work done? Do showrooms offer you to park your car there? For example on Defence Main Boulevard and Jail Road? What kind of cut do they take? If I try selling it on my own it will require me to arrange for visits and may have to take it somewhere everyday. Might add up to the total cost

I will welcome any other suggestion and advice you may have in this regard. I am a bit free these days and can put time in required to do this. Thanks

[sameerulhaq064]

Are you willing to lie and deceive interested buyers? If yes then sure this business will be good for you.
Otherwise there is absolutely no profit in this business. Used cars in Pakistan hold good value you can’t just buy one and sell it for lacs above buying price after holding it for a few weeks.
Buying new cars and selling on markup is a different thing tho

[Massive_One]

I will welcome any other suggestion and advice you may have in this regard.

Brother, i think you need to visit workshops and discuss with them, get their estimated quotes for repair works on cars. Lahore in general is a bit expensive when it comes to labor (of course being a big city and plenty of fish in the pond for denter painters : ) ).. however, i think if you can build trust among market and buyers that this man (you in this case) doesn't lie about the condition of the cars and sells them with complete honesty and guarantee of documentation, i think you can create potential buyers traction over time.
Another thing is you can also make a youtube channel and document the whole process, how to hunt and refurbish cars .. it can also gain traction.
There's always a small first step that one has to take toward the direction to reach the goal point.