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Weiser · 07-08-2007, 07:17 PM

Actually, start my own business.

Car importing actually. With the canadian dollar so strong right now, and the way cars / trucks are priced in the US - it is extremely profitable to buy near used cars down there and import them up in canada.

Because I live in Calgary and it is full of money, it will be easy to sell whatever I bring up.

What I am thinking of doing (and what I have been thinking of doing for years now) is heading down to arizona once I get my passport and going to some of the auctions. Most people don't even realize you can pick up CLEAN cars for 50 - 95% off retail value. For instance, one of the auctions I am a member of from when I lived there years ago just recently had a 2002 Mercedes CL600 sell for $32,000. With exchange, fees and taxes, it would cost approximately $39,000 to bring it over to Canada.

You can sell that for $75,000 here easily. You do the math, but that is a pretty good profit margin.

How can I afford this? Well, I can't really - except that I have a no limit credit card that I haven't activated, which means I could buy it no problem and be able to flip it and pay off the bill before they mail it to my house.

Thoughts? I can sell 4 a year before the government gets pissy and tells me to knock it off.

07-08-2007, 07:17 PM	#1 (permalink)
Weiser Veteran Member Join Date: Aug 2005 Location: The center of the Universe; Toronto Posts: 2,994	Thinking about a career change Actually, start my own business. Car importing actually. With the canadian dollar so strong right now, and the way cars / trucks are priced in the US - it is extremely profitable to buy near used cars down there and import them up in canada. Because I live in Calgary and it is full of money, it will be easy to sell whatever I bring up. What I am thinking of doing (and what I have been thinking of doing for years now) is heading down to arizona once I get my passport and going to some of the auctions. Most people don't even realize you can pick up CLEAN cars for 50 - 95% off retail value. For instance, one of the auctions I am a member of from when I lived there years ago just recently had a 2002 Mercedes CL600 sell for $32,000. With exchange, fees and taxes, it would cost approximately $39,000 to bring it over to Canada. You can sell that for $75,000 here easily. You do the math, but that is a pretty good profit margin. How can I afford this? Well, I can't really - except that I have a no limit credit card that I haven't activated, which means I could buy it no problem and be able to flip it and pay off the bill before they mail it to my house. Thoughts? I can sell 4 a year before the government gets pissy and tells me to knock it off.