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Flipping Cars Purchased At Auctions
If you're knowledgeable about and interested in cars, and the car sales market, one potential method of turning
your expertise into cash is to flip used cars:
The fundamental idea is simple - you buy a car
which is being sold for less than its potential retail value, and then resell the car
to somebody else for its actual retail value. If you think about it, this is exactly
the model followed by many used car dealers.
Of course, there are risks:
All business involves risk, and potential losses - but in this business the best
way to minimize risk is knowledge.
You will want to have a good knowledge of the car market and
automobiles in general, to have researched the market for the particular make
and model of vehicle that you are considering purchasing, and to properly
inspect the car† prior to purchase.
In addition to inspecting such vehicles - you might also
want to check their history using online services -
VinAudit.com† provides vehicle history reports with over 60+ problem checks (based on access to a database of over 40 million
records from state DMVs, junk yards, and insurance carriers)..
- You might purchase a used car for more than its actual value
- You might purchase a lemon or otherwise poor quality vehicle, which you are then unable
Anyway, the key point to avoid getting stuck with a poor unsaleable vehicle is:
Don't buy vehicles on the spur of the moment,
as a result of getting excited at an auction or other sales event! Always
do your research properly, before making a purchasing decision!
Assuming you are interested in getting involved in this type of business, what
would you need to get started?
Now you have the vehicle, what do you need to do? You need to sell it!
- A source of affordable used vehicles:
Used car dealers of course have people bring in vehicles that they want to sell
- but if you are working independently, auctions (public auto auctions, police and government auctions,
seized vehicle auctions, salvage and insurance auctions, and perhaps wholesale auctions)
could be the best place for you to get suitable vehicles. Generally, in many auctions,
sellers are looking for a quick sale, and at least some vehicles are sold relatively cheaply.
You will need enough money to pay for the vehicle if you win the auction!
Auctions will often require you to show that you have sufficient funds available
before allowing you to bid.
To participate in a vehicle auction, you will most likely be required to register
before bidding. You will probably be required to sign a contract. You might also
need a bidder's pass to enter closed auctions. And if you want to drive the vehicle away,
you will you need to take your driving license with you!
Of course, being a diligent and cautious person, you will have carefully
considered this issue before purchasing a car for flipping
in the first place.
So how do you sell a vehicle purchased at auction?
If you don't already know potential buyers, you will
need to advertise offline and online.
You also need to bear in mind that the sales process does take time and money -
so if you want to make a profit from the transaction overall, you need to have
enough profit in the sale to cover these costs and more.
Finally, if you are embarking on this kind of business, you need to keep
all the paperwork straight:
If you want to succeed in starting a new business of this type, you not only
need to do your own research, but it would probably also be helpful to get
some professional advice (for example, regarding accounting, taxes, and legal
You may find guides such as
How To Flip Used Cars For Profit† ,
The Lazy Way To Buy And Sell Cars For Profit† ,
How To Start And Operate A Profitable Used Car Business† and The Official Auto Dealer License Manual† to be helpful.
- Make sure that you are fully up to date on
laws in your state/country that apply to motor vehicle sales.
This includes any laws (such as licensing) that may apply in your jurisdiction to
starting/operating an automobile trading business.
- You will alsowant to keep receipts and detailed financial records, needed by you (or your accountant
or professional advisor) to file taxes and other necessary financial records with the
Below are some books about flipping cars.
Here are some books from Amazon.com:
Disclosure: Products details and descriptions provided by Amazon.com. Our company may receive a payment if you purchase products from them after following a link from this website.
|By S. Rothschild|
Audible Audio Edition
|List Price: $3.95*|
Lowest New Price: $3.95*
Usually ships in 1-2 business days*
*(As of 00:13 Pacific 24 Jun 2017 More Info)
Car Flipping 101: How to Quit Your Job and Make a Fortune Selling Used Cars
Here is a preview of what Car Flipping 101: How to Quit Your Job and Make a Fortune Selling Used Cars contains:
- An explanation as to what the lucrative business of car flipping is
- A look into the profit that can be generated from car flipping
- How to get started as a beginner in the car flipping business
- What to look for when buying and preparing your first car to make HUGE profits
- How to sell your car(s) once they've been prepared for sale
- How to take your car flipping to the next level - earn enough to quit your job and live luxurious
Come onDownload your copy and start listening today!
|By Jed Turner|
Kindle Edition (44 pages)
Flip cars and make money!
This brief yet informative eBook will guide people who are interested in learning how to "flip" cars in the American market. This book is useful to beginner car flippers, as well as those getting started who already have some experience. This book will give access to tricks, tips, and tools which will make car flipping safer, easier, and cheaper for the flipper.
This book will include information on gathering resources, web resources, seller and buyer engagement, negotiation techniques, safety tips, and a list of possible car flipper niches. A directory of tools for improving effectiveness with craigslist is also included.
The author is an experienced car flipper with a history of making thousands of dollars in the car flipping game.
|By Cleveland Williams|
Brand: Outskirts Press
Paperback (82 pages)
|List Price: $24.95*|
Lowest New Price: $14.87*
Lowest Used Price: $13.90*
Usually ships in 24 hours*
*(As of 00:13 Pacific 24 Jun 2017 More Info)
- Used Book in Good Condition
The Secrets of Car Flipping is a very detailed and informative look into the world of buying and selling used cars. Car sales is a multi-billion dollar a year business. Buying and selling used cars is not only big business, but also a necessity for millions of people who need transportation. Buying a used car is generally less expensive than buying a new car. Most people buy used cars with the hopes of finding a nice, dependable car at a great price. But many people find out that buying a used car can put them in a situation they regret. Usually that is because they went to buy the car without the right knowledge or guide to help them through the process. There are a lot of do's, don'ts, and things you need to look for when you are buying a used car. You also need to make sure you are getting the best deal possible. With The Secrets of Car Flipping you are given all the information and tools you need to buy and sell cars like a professional buyer. This information is for anyone: the first time car buyer, the family looking for an extra car, or the car flipper trying to find a deal on a good car. This book will make you a more confident and informed buyer.
|By Samuel Page|
Kindle Edition (19 pages)
This eBook takes you step by step on how to buy and sell used cars for money. It is written by an industry expert, is incredibly easy to read, and the process is easily duplicated.
Flipping Cars - How To Make Money Buying And Selling Cars for Profit goes into detail on issues regarding inspecting cars for problems, taxes and titling, and other important factors when flipping used cars. You also will learn about getting a dealer's license, setting up a website, marketing, and more.
This eBook is like nothing else available online. No other publication is as informative and helpful for anyone wanting to start their own business or generate side income in the car business.
|By Larry R Schoonover|
Kindle Edition (19 pages)
Drive What You Want! Learn How To Avoid Depreciation. Driving the cars you like, minus the expense and depreciation by letting them pay for it!
It all started when I found myself trying to keep my family in cars, as my daughters were now getting older and getting their drivers license. I needed to replace my own car, as well as my wife’s car. This was adding up to serious money and the depreciation was going to kill me. So much of our purchasing is done within the realm of “consuming”. That means we make a purchase based either in want or need, but the item loses its value quickly and slips from the asset column over time and remains in the debit column of our balance sheet.
Since practicing this method, I have owned (with my HELOC) a Mazda Miata, seven BMW Z3s, six Mercedes, two Audi TT Roadsters, A Chevrolet Corvette C5, two Chevrolet S10 Pickups, a Toyota Sequoia, a Lexus L400, a Lexus XG-470, three Harley Davidson 1200 Sportsters, and two Honda Goldwings. I may have forgotten a few.
|By Hank Stevens|
Kindle Edition (52 pages)
Here's a Thank You Gift just for reading this description (copy and paste URL):
Flipping Cars: How to Flip Cars Legally and Earn Up to $5k A Month Part-Time!
It's amazing that so many people struggle for extra cash when there are almost an unlimited number of ways to get it. By the way you may also want to read my "Help Wanted" book for even more ideas (Help Wanted: How to Get Cash When You Can't Find A Job!: Immediate Solutions For Anyone Who Needs to Get Cash Now!).
If you like the idea of selling cars and making money on the side these strategies and techniques will prove very profitable. Buying a car (the right way) and then selling it for profit is a good way to pick up thousands of dollars each month - part-time.
Unlike other overpriced books that are filled with fluff and leave out the real secrets I reveal what you need to learn immediately to start making money in only days!
This information can quickly change your financial situation and have you loving life again. I urge you to get started now.
|By Cooper Scott|
Kindle Edition (36 pages)
Hi, I’m Cooper Scott and I’ve been buying cars cheaply and selling for a profit for about eight years now. Its easy to make $2000 by just selling just one car a week and what I've written here guides you through the steps to achieve this. You don't have to deal in expensive cars. You can start with $250 if you like and double it in the methods I show you here, then double again and double again until you reach a level that you're comfortable trading in. Or, if cash is tight how about teaming up with three other friends or family and going in as a syndicate with say $150 each to get the ball rolling. The point of all this is how you can make easy money working at home.I share with you all my experiences as to where to buy cars, how to pay a lot less for them than others will pay, what the pitfalls are when looking over them, a mechanical guide as to what to look for when buying a car and how you can turn any mechanical issues to your buying advantage.
There's also an extensive car detailing guide here on making your new purchase a showroom car. Then I take you step by step on how to sell the car for a great profit and how to comply with all laws of your State.
Flipping cars for a living gives you a whole new independent lifestyle. Earn $100,000 a year and much more and have fun with your life. This is how you can make money by working at home. You wont have expensive overheads as all can be done at your home or in a garage. Making money from home has never been easier.
Here are some related links and websites:
Here are some related pages on this website:
- Check Your VIN
Offers vehicle history reports complete with over 60+ problem checks for a one-time fee of $12.99 per report.
- How To Buy Cars At Auctions
With The Present Economic Crisis Theres Never Been A Better Time To Buy Cars At Auctions! This Website Will Provide You With The All Tools You Need To Benefit From The Thousands Of Vehicles Being Sold At Rock Bottom Prices At Auctions.
- How To Flip Used Cars For Profit
Used Cars Dealer Of 35 Years Sheds Light On How To Flip Used Cars To Make Up To 6 Figures Profit.
- How To Start And Operate A Profitable Used Car Business
A Licensed Dealer Exposes The Secrets To Getting A Dealer License And The Easiest Ways For You To Succeed In The Used Car Business. Discover How To Buy At Dealer Only Auctions And Quickly Turn Into Profits On Craigslist And Other On-line Web Sites.
- Inspect Before You Buy
ASE Certified Automotive Technician Teaches You How To Properly Inspect A Used Vehicle.
- The Lazy Way To Buy And Sell Cars For Profit
- The Official Auto Dealer License Manual
The Complete Guide To Getting An Auto Dealer License.
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