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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 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: $17.07*
Lowest Used Price: $17.05*
Usually ships in 24 hours*
*(As of 02:23 Pacific 18 Oct 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 Brooks R Fiesinger|
CreateSpace Independent Publishing Platform
Paperback (224 pages)
|List Price: $12.00*|
Lowest New Price: $11.78*
Lowest Used Price: $11.82*
Usually ships in 24 hours*
*(As of 02:23 Pacific 18 Oct 2017 More Info)
Car$- 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.
|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 Muhammad Siddiqui|
Muhammad Usman Siddiqui
In this book you will learn the basics of how to buy cheap cars and sell them for profit and which cars are the ones you should be buying.
|By S Rothschild|
Kindle Edition (29 pages)
Make A Fortune Flipping Used Cars - No Skills Required!
Today only, get this Amazon bestseller for just $2.99. Regularly priced at $4.99. Read on your PC, Mac, smart phone, tablet or Kindle device.
Here is A Preview Of What You'll Learn...
- 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 & 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 luxuriously!
- Common car flipping mistakes most people make, this is a MUST READ
Download your copy today!
Take action today and download this book for a limited time discount of only $2.99!
Keywords: Car Trading, Car Flipping, Investing, Entrepreneur
|By Samuel Page|
Tipping Point SEO
Audible Audio Edition
|List Price: $3.95*|
Lowest New Price: $3.95*
Usually ships in 1-2 business days*
*(As of 02:23 Pacific 18 Oct 2017 More Info)
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.
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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