what is the best car to buy and sell for profit?

[Anonymous]

Specifically in Rhode Island or Newengland. I'm guessing its probably small fuel efficient cars but I'm not sure. I appreciate your answers.

[Go Broncos]

Check with your local laws. In the State of Colorado if you have the intent to make a profit you need a Dealers License.

Source:
Colorado Statutes/TITLE 12 PROFESSIONS AND OCCUPATIONS/GENERAL/ARTICLE 6 AUTOMOBILES/PART 1 AUTOMOBILE DEALERS/12-6-102. Definitions.

12-6-102. Definitions.
Statute text
As used in this part 1, unless the context otherwise requires:

(1) (Deleted by amendment, L. 92, p. 1841, § 2, effective July 1, 1992.)

(13) "Motor vehicle dealer" means a person who, for commission or with intent to make a profit or gain of money or other thing of value, sells, leases, exchanges, rents with option to purchase, offers, or attempts to negotiate a sale, lease, or exchange of an interest in new or new and used motor vehicles or who is engaged wholly or in part in the business of selling or leasing new or new and used motor vehicles, whether or not such motor vehicles are owned by such person. The sale or lease of three or more new or new and used motor vehicles or the offering for sale or lease of more than three new or new and used motor vehicles at the same address or telephone number in any one calendar year shall be prima facie evidence that a person is engaged in the business of selling or leasing new or new and used motor vehicles. "Motor vehicle dealer" includes an owner of real property who allows more than three new or new and used motor vehicles to be offered for sale or lease on such property during one calendar year unless said property is leased to a licensed motor vehicle dealer. "Motor vehicle dealer" does not include: