Buying salvage cars and selling it cheap can be a very lucrative business . This business is so lucrative that many ghanaians have already chosen this path. This business is also so risky many have refused to take part in .
Most of the salvage cars are badly damaged . This is how it works , when peoples get accident or want to get rid of their old cars which they dont want to spend money on auto insurance they sell it .
Most often these cars are badly damage and comes at a really cheap price hence good for small budget buyers . Most people also in this business buy these salvage cars then repair all necessary damages the sell it at a higher rate . This business comes with a great risk as there can be hidden damages you may discover later even after buying the car. This hidden damages can be unrepairable and this is a great danger as one can loose his money totally .
It is always good to let a professional mechanic inspect the cars and calculate the cost of repairs for the necessary damages before planning on buying it , this will reduce your sik drastically and help you calculate your cost and profit margin .
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