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Friday, December 01, 2006

Tips on purchasing a vehicle

One thing I preach in my study course is that in order to buy cars for maximum profit, you need consistent effort & patient money. Many beginners are so anxious to "do a deal", they buy anything and ultimately PAY TOO MUCH. Its better to let a good deal pass than be upside down on a stupid purchase. They put their money into play too soon and put themselves at risk. Don't let this happen to you.So, put in a consistent effort and be patient. Deals are everywhere! Cars are parked in front of Walmart, Albertsons, and there are cars at public auctions, listed in the paper, on ebay, the auto trader, ... the list goes on and on and on.The next most important thing to do when you are new is to be careful about what you pay for the car! This is the moment that decides if you make a profit or not. This where buying right can virtually guarantee your success. If you follow the valuation exercises in my study course, determining value should be a fairly easy thing.If you buy the car with enough profit built in, you will have ensured, at the time you bought the car, that your investment will make you money.The money is locked in on the BUY and you collect it on the SALE. When you determine value, it is a critical moment that can have a profound effect on your financial well being.So, be consistent in looking for deals but patient enough to pull the trigger on the vehicles that truly are the best deals.

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