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A CAR salesman has revealed how he makes thousands by buying cheap cars at auction and selling them on for eye-watering prices.
Brandon from Car Questions Answered took to YouTube to explain how second-hand dealers make whopping profits by acquiring stock at bargain rates.
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The motors expert bought seven cars at auction, with each of them netting him around $1,000 profit.
For example, he was confident that a GMC terrain 4×4 that he bought for $1600, or around £1257, would sell on for £3,000, or £2,357.
Likewise, a Toyota Corolla which he picked up for $1,900 will apparently go for a similar amount.
Brandon said: “We actually love to buy stuff that’s got like beat-up paint like this because it’s still a good car.
“We can easily sell this for $3,000 because the person that’s going to buy this knows that it’s a Toyota Corolla – it’s a very good car and it’s going to last for a long time.
“It doesn’t matter what it looks like.”
Social media commenters were stunned by the revelation.
One wrote: “Thank you sir.
“Always love your content. Very honest and down to earth.”
Another added: “Prices still need to come way down.
“These so-called wholesale auction prices for c*****-looking cars with very high mileage are ridiculous.”
It comes after a mechanic revealed why driving with your windows down is a waste of your money.
Meanwhile, an incredible collection of classic cars went under the hammer for an eye-watering price after being found in a barn after 50 years.
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