CAR TRADE

Many people go to public car auction (which you do not allow the dealer … anyone can go) to get a good deal on their next car. But the reality is that the auction for a serious income opportunity as well.

Although there are many older, the car mileage is higher in this auction that I personally I am not too interested, there is almost always a hidden “gem” and are ideal for resale. Earnings on such vehicles are usually in the range of $ 1,000 to $ 3,000.

But what do you do in a vehicle to take advantage of this? Well, it’s hard to describe exactly, but you know them when you see them as an example of a list of a few days for the auction.

I am looking for a good mid-priced vehicle with a high demand and a reputation for quality (maybe something like a Toyota Corolla), the mileage by an average or lower. Or, I checked a vehicle that there is nothing special to make one, but has the mileage is very, very low.

I will then focus on a price significantly below the resale value (you’ll be amazed how often you are the winning bidder at a price like this). This means I can sell it at or near the resale value and this is a huge competitive advantage when it comes to selling.

Perhaps the example of a step-by-step would be useful here.

The first thing I do is my database of auctions and scout around for the upcoming auctions in my area. For example, I see now it’s coming next week with about 150 vehicles. When I scan the list, I have five 2000 Chevy Cavaliers. I really do not care one way or the other Cavaliers, but the mileage on them very well. Four of them have between 34,000 and 37,000 miles. And the fifth is 40,000. For cheap, 7-year cars, this will be a big selling point.

That statement tells me that the “government vehicles”. Well, that explains the mileage and now I am very interested. It is very likely that this is used by local government offices for employees who need to go into the field, which is often not the case. Kicker is that government vehicles are usually very well maintained so that they seem like a good example of a vehicle can be very cheap to buy and sell quickly.

The next step is to set a target price, so I need to get an accurate trade-in value. Sure I use Kelley Blue Book, but this is really just an estimate that is often off the mark. What I really want to know what the dealer pays for them at auction agent … This is a real trade-in value. So I call the loan department of a local bank and ask them for the Manheim Market Report (MMR) price. Most banks worth their salt subscribe to this information. They said the price for those who are in average condition has been sold at auction for around $ 2,200.

Now, the Cavaliers I am interested in the street below average mileage and would probably go so far in the auction dealer. But because they are “public” auctions, where prices are often lower, I would target the price of not more than $ 1,400.

In addition, I went to autotrader.com retail price for this can be seen in my area. I see they have an average selling price of about $ 3,500, but they have two or three times the mileage. So I will focus on the sales price of $ 3,400 and my car would jump off the page on potential car buyers. It will probably sell within a day or two. But if it does not sell within one week, I will come down to $ 2,900 and it will be lost.

With prices this low-mileage car like this to be unbearable for someone just looking for cheap transportation, or purchase a vehicle for a child to get them around the university. And whether the benefit is $ 1,500 or $ 2,000, it’s not bad for a few hours work.

Okay, let’s maybe start a faster example, but without all the details because the process will be the same.

I returned to my auction data base (there is more information about the database at the end of this article) and I think again the next auction. I saw some excellent opportunities in the list and come to some real standouts that really scream at me.

There are four 2002 Pontiac Trans Am. Mileage is on the higher side in the range of 74,000 to 94,000 for each. But this is a “muscle car” by many fans. 2002 was the last production year and buyers travel from one country to another to get one.

Also very interesting is the fact that they are listed as “government vehicles”. It is highly unlikely that this is used by a local government agency. Instead, it is much more likely that they were “captured” by the state government of a car dealership that went out of business with continued sales tax. If I’m right about this, so maybe they have been overhauled and in good form.

So, this will make the Trans Am is a very good candidate for selling. I’m then going through the process the same price for my “no-longer-than” price and the selling price will be determined.

If the bid is actually higher than I wanted to pay, I would just go. I stay unemotional and will only buy when there is a tremendous price advantage built from the homepage. There is always another day, another auction and plenty of opportunity to cherry-pick deals.
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If you are looking for a deal on a new or used car, you can not get much better than a car auction. There are two types of car auctions: open to the public and their agents-only auction. Usually you find a better deal on the vehicle as auction agent just to attend. However, because only open to dealers, you either your dealer or authorized to be friends.

An option for you if you do not find a dealer who will find the vehicle for you. This works better if you know what vehicle you are looking for and able to give them some parameters to work. Some important points to consider when you find someone who can be a vehicle for you: the budget, make, model, mileage on the vehicle, color (interior and exterior), interior fabric (or leather seats), and all the options you would want (DVD player, GPS, etc.). The more you know about the vehicle you want, the easier it will be a success for someone to pray for you.
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