New business using debt - Porsche Cayenne Forums : Porsche Cayenne Forum
 
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post #1 of 4 Old 12-24-2020, 08:44 AM Thread Starter
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New business using debt

I'm thinking about such a business to buy cars with different debts cheaper than their cost price and then sell more expensive as I close the debts.
GordonReid is offline  
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post #2 of 4 Old 12-24-2020, 09:51 AM
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LOL good luck xD
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post #3 of 4 Old 12-24-2020, 10:02 AM
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I'm not sure that people will buy it
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post #4 of 4 Old 12-24-2020, 10:14 AM
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Actually, it's not a bad idea if you know where to buy cheaper cars. I believe that the most important thing in this case is that there are always buyers. I doubt you can buy several cars at once. You'll have to sell them one at a time. You might have a debt problem because people won't be able to buy your car for some reason. Here you can help these guys https://www.lemberglaw.com/portfolio...ion-complaints, they were able to help me get rid of the collectors when I had an unpaid debt. Also, I'm not sure it's completely legal. I've heard that Resellers often have problems with the law.
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