Automobiles Auctions

Seized Vehicles, Government & Police Auctions

   
Home: Automobiles Auctions

Articles

Basics
Types of Vehicle Auctions
How to Find Vehicle Auctions
What Are Government Auctions?
How Government Auctions Work

How To
How to Buy a Reliable Used Car
How to Spot Flood-Damaged Vehicles
How to Spot Odometer Rollback

Make Money
Flipping Cars

Vehicle Title Branding
Vehicle Title Branding
Lemons & Title Branding
Salvage & Title Branding

VIN
What is the VIN?
How to Find the VIN
Understanding the VIN
Using the VIN

America's #1 Trusted Source to Gov't Car Auctions

Books

Buying Used Cars
Flipping Cars
Government Vehicle Auctions
Inspecting Used Cars


Glossary


Members' Sites

Auction Resource
Car Auction Inc.
Gov Auctions
Marshal Auctions
Police Auctions
Sheriff Auctions

Click here for Top Secret Car Secret

Links
(includes Adverts)

Auction Listing Sites
Auction Resource
Car Auction Inc.
Gov Auctions
Government Auctions
Marshals Auctions
Police Auctions
Sheriff Auctions

Auction Help
Check Your VIN
How to Buy Cars at Auctions

Automotive & Car Links
Auto Buying Tools
Buy And Sell Cars for Profit
Car & Automobile eBooks
Car & Automobile Downloads
Car & Automobile Magazines
Get Low Cost Car Insurance
How to Flip Cars for Profit
How to Inspect a Used Car

Cars at GovernmentAuctions.org


 
 














































 
Automobiles Auctions   >   Articles   >   Flipping Cards

   
 

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:
  • 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 to sell.
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)..

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?
  1. 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.

  2. Funds

    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.

  3. Paperwork

    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!
Now you have the vehicle, what do you need to do? You need to sell it!

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:
  • 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 government.
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 issues). 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.


Below are some books about flipping cars.

From Amazon.com

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.

Flipping Cars for Profit: A Guide to Tricks, Tips, and Tools
By Jed Turner

Released: 2015-02-23
Kindle Edition (44 pages)

Flipping Cars for Profit: A Guide to Tricks, Tips, and Tools
 
Product Description:

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.
Car Flipping 101: How to Quit Your Job and Make a Fortune Selling Used Cars
By S. Rothschild

S Rothschild
Audible Audio Edition

Car Flipping 101: How to Quit Your Job and Make a Fortune Selling Used Cars
List Price: $3.95*
Lowest New Price: $3.95*
Usually ships in 1-2 business days*
*(As of 16:44 Pacific 22 Aug 2017 More Info)


Click Here
Product Description:

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!

The Secrets of Car Flipping: A Step by Step Guide For Buying and Selling Used Cars
By Cleveland Williams

Brand: Outskirts Press
Paperback (82 pages)

The Secrets of Car Flipping: A Step by Step Guide For Buying and Selling Used Cars
List Price: $24.95*
Lowest New Price: $16.52*
Lowest Used Price: $16.98*
Usually ships in 24 hours*
*(As of 16:44 Pacific 22 Aug 2017 More Info)


Click Here
  • Used Book in Good Condition
Product Description:
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.
How To Buy and Sell Cars for a Profit: Make $2000 Per Week and Have Fun Doing It.
By Cooper Scott

Released: 2015-02-02
Kindle Edition (36 pages)

How To Buy and Sell Cars for a Profit: Make $2000 Per Week and Have Fun Doing It.
 
Product Description:
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.
Flipping Cars: How to Make Money Buying and Selling Cars for Profit
By Samuel Page

Tipping Point SEO
Audible Audio Edition

Flipping Cars: How to Make Money Buying and Selling Cars for Profit
List Price: $3.95*
Lowest New Price: $3.95*
Usually ships in 1-2 business days*
*(As of 16:44 Pacific 22 Aug 2017 More Info)


Click Here
Product Description:

This book takes you step by step through 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 book 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.

Car$: The Ins and Outs of Buying and Selling
By Brooks R Fiesinger

CreateSpace Independent Publishing Platform
Paperback (224 pages)

Car$: The Ins and Outs of Buying and Selling
List Price: $12.00*
Lowest New Price: $11.79*
Lowest Used Price: $9.99*
Usually ships in 24 hours*
*(As of 16:44 Pacific 22 Aug 2017 More Info)


Click Here
Product Description:
Car$- The Ins and Outs of Buying and Selling. This strategic guide applies proven academic and business principles in the real-world experience of buying and selling vehicles. Focusing on time-tested strategies, Fiesinger has compiled this resource by simplifying the more complex marketing and entrepreneurship basics commonly accepted in academia and businesses, by applying them to the process of buying, maintaining, and selling cars for the typical owner. He challenges the common notions that car purchases must be an expensive “cost” and instead offers methods to maintain quality automotive ownership without the traditional burdens of the expenses. His tips for automotive buying can help everyone make the most informed car purchases, and he offers advanced methods for people hoping to buy and sell cars without losing money, and even make money in automotive ownership. Coupling his experience, research, and business expertise with interviews and input from new and used car salesmen, dealership owners, and service mechanics, Fiesinger unlocked the mysteries of car buying and selling in a comprehensive, fact-based method. Cars (Stylized as Car$)- The Ins and Outs of Buying and Selling focuses on the financial impacts of decisions revolving around car purchasing, ownership, and selling, and covers all areas of vehicle ownership. This includes New and Used Buying, Leasing, Selling, Owning, Flipping, Choosing the Right Car, Financing, Discounts and Rebates, Dealerships, Fuel Economy, Private Parties, Remote and Online Buying, Negotiations, Salvage and Rebuilt, High Mileage, Maintenance, Shop Selection, Buy-Here Pay-Here lots, Car Reports, and Multiple-Vehicle Purchasing. The book also introduces new concepts in vehicle ownership, including Net-Positive car ownership, Separable Value-Added Items (SVAI), The Rule of Maintaining Positive Equity, and Total Cumulative Positive Equity (TCPE). Whether you are simply trying to get the best deal on your next car, or you want to learn the complete details, Car$- The Ins and Outs of Buying and Selling is easy to read, highly informative, and shares the proven principles to maintain the best possible financial position when buying and selling vehicles.
Flipping Cars
By Larry R Schoonover

Released: 2011-07-01
Kindle Edition (19 pages)

Flipping Cars
 
Product Description:
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.

Related Links


Here are some related links and websites:
  • Check Your VIN
    Offers vehicle history reports complete with over 60+ problem checks for a one-time fee of $12.99 per report.
    (Advertisement)

  • 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.
    (Advertisement)

  • 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.
    (Advertisement)

  • 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.
    (Advertisement)

  • Inspect Before You Buy
    ASE Certified Automotive Technician Teaches You How To Properly Inspect A Used Vehicle.
    (Advertisement)

  • The Lazy Way To Buy And Sell Cars For Profit
    (Advertisement)

  • The Official Auto Dealer License Manual
    The Complete Guide To Getting An Auto Dealer License.
    (Advertisement)
Here are some related pages on this website:

Visitors' Comments about this Article


Please feel free to share your comments about Flipping Cars:

   


Important Notices

Disclosure: Advertising Link(s): Our company may receive a payment if you purchase a product/service after following this link.
 
 
 
 

 
 
Disclaimer: Pictures of vehicles on this site are purely decorative, and not intended to represent vehicles that are or were available at any particular auction. Availability of vehicles at auctions, and details of auctions and membership sites that we describe may vary from time-to-time, and are not under our control (information on this site may get out of date as a result): Details of membership sites' offers may be varied at any time by their operators, without notifying us, and in this case the information on operators' site is definitive. We are NOT responsible for the membership sites which we list or link to, and information on this site is based on publicly available information sources. Our company does NOT conduct or participate in auctions, and is NOT endorsed by, and is NOT associated with any government or law enforcement agency. This web site is operated by Answers 2000 Limited, a private for-profit company. As far as we know, the membership sites which we list are also run on a for-profit basis by individuals or companies.

Copyright © 2007-2017, Answers 2000 Limited

CERTAIN CONTENT THAT APPEARS ON THIS SITE COMES FROM AMAZON SERVICES LLC. THIS CONTENT IS PROVIDED 'AS IS' AND IS SUBJECT TO CHANGE OR REMOVAL AT ANY TIME.

Disclosure: Our company's websites' content (including this website's content) includes advertisements for our own company's websites, products, and services, and for other organization's websites, products, and services. In the case of links to other organization's websites, our company may receive a payment, (1) if you purchase products or services, or (2) if you sign-up for third party offers, after following links from this website. Unless specifically otherwise stated, information about other organization's products and services, is based on information provided by that organization, the product/service vendor, and/or publicly available information - and should not be taken to mean that we have used the product/service in question. Additionally, our company's websites contain some adverts which we are paid to display, but whose content is not selected by us, such as Google AdSense ads. For more detailed information, please see Advertising/Endorsements Disclosures

Our sites use cookies, some of which may already be set on your computer. Use of our site constitutes consent for this. For details, please see Privacy.

Contact Us   Privacy   Terms of Use   Advertising/Endorsements Disclosures

In Association With Amazon.com
Answers 2000 Limited is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.
All trademarks are property of their respective owners.
All third party content and adverts are copyright of their respective owners.

Some graphics on our web sites are Copyright (C) 1997-2000 Hemera Technologies Inc., and used under license. All such pictures are provided for viewing purposes only and are not to be saved or downloaded. All such pictures of recognizable individuals are models and used for illustrative purposes only, and not meant to imply any association or endorsement of said individual with any product or service.