Quote:
Originally Posted by Ghostrider 310
Jonny, check this out, I was looking at a spyder that carfax had as being owned 3 times. The last two owners had the car 29 days next owner 30 days, sounded dubious. Before I could even find out what the deal is it's sold. Boxsters are totally hot and overpriced right now because of the model year break. I think I might have to wait or give up on buying one the prices are stupid, way over list.
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Usually when a car is owned for 30-60 days it means that the owner (private party or a dealer) bought the car with the intention to immediatley re-sell it (flip it) and the next owner likely intended to do the same.
Their business model is basically churning over cars as fast as possible while making ~$500 per car. Move 10 cars a month and you've got a decent business that you can run out of your cousins empty storage lot or warehouse. They won't get rich but it might be better than working a 9-5 digging ditches.