Types of Vehicle Auctions
How to Find Vehicle Auctions
What Are Government Auctions?
How Government Auctions Work
How to Buy a Reliable Used Car
How to Spot Flood-Damaged Vehicles
How to Spot Odometer Rollback
Vehicle Title Branding
Vehicle Title Branding
Lemons & Title Branding
Salvage & Title Branding
What is the VIN?
How to Find the VIN
Understanding the VIN
Using the VIN
Buying Used Cars
Government Vehicle Auctions
Inspecting Used Cars
Car Auction Inc.
Auction Listing Sites
Car Auction Inc.†
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†
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:
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?
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:
Below are some books about flipping cars.
Here are some books from Amazon.com:
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Here are some related links and websites:
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