Quote:
Originally Posted by Draug
Beware. I dont know about Escalades, but I recently looked into Corvettes and there were 9 or 10 of them listed in that issue of the Autotrader. It was pretty obvious that at least 7 of them were people reselling US Vettes.
One of two things is going to happen. Either the resale value of used cars is going to drop (so you wont make very much), or people just wont be able to sell them (and you'll be keeping a corvette at a high interest rate). Afterall, who is going to buy a used Vette when they can go get a brand new one themselves from the US for less money. It is becoming common knowledge that the importation of new cars makes huge financial sense.
I was going to import and sell a Vette too, but decided against it for the time being. I'll see what situation exists next spring.
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Yeah, my statement is made as a more tongue in cheek comment as opposed to what I actually intend to do. I do agree that one has to really analyze the market and be 100% sure that they can indeed turn a profit on the vehichle before they consider attempting such a venture. Doing it on a small scale would be risky because me as an individual can not offer financing on the vehichle ....which a bussiness that does so en masse can. So right there I'd lose a good chunk of the vehichle buying public. I still think something like an Escalade is better than a Vette though. I think the behemoth SUV can be driven in all seasons and hence would appeal to more people. Whereas the Vette is for people who have an extra 80 grand to burn on a vehichle they're going to stuff in their garage 8 months a year. Today being August 1st, means you have what 10 weeks until the snow comes and people looking for Vettes will be in a position where they don't need it and will only buy it if they think it's a steal sort of thing.