3 ms·
the only problem is - tax, which eats into yours, already small, profits; and if you continue to do this through the year - you definitely need to get a used ca
by hippich 13y ago
the only problem is - tax, which eats into yours, already small, profits; and if you continue to do this through the year - you definitely need to get a used car license with all prerequisites (i.e. parking lot, bond and bunch of other stuff which do not comes free)
above assuming you want to stay legal.
- mistercow 13y agoThis seems to vary by state. In Colorado, for example, a dealer is someone who sells more than three cars per year with profit in mind. So as long as you're keeping each car for more than 4 months, it seems you'd be fine in Colorado. Georgia, on the other hand, defines it simply as selling for profit. So to comply with the law, you wouldn't be able to mark up the cars at all.