Clever Way To Make Money At Car Auctions

Here is a simple but clever way to make money at car auctions.

Most cars purchased at car auctions will need small repairs, and basic maintenance, before the cars can hit the road.

You can make money at these auctions by forming a joint venture with a car mechanic.

Make an agreement through which you will receive a commission for all referred business.

Then spend your time giving out his business cards to the car auction attendees.

Even if they don't purchase cars at the auction, chances are that they will have cars at home that could use a good mechanic.

Never Compete With This Bidder At A Car Auction

Never Compete With This Bidder At A Car Auction

Bidding at car auctions can be exciting, because ultimately the highest bidder will be able to buy the car.

Even if your winning bid at the car auction is way below book value, and there are no reserves, it will be accepted, and you will be the new owner of a car at a sizable discount.

So bid with enthusiasm, and ignore the competitive nature of your fellow car bidders.

But there is one bidder you should never go against.

And that’s the bank.

A bank will keep on bidding to ensure that the car is not sold for below an amount that it seeks to recuperate.

If the bank is owed $5,000 on the car, and it desires to recoup at least half of the loan, it will keep bidding until the car auction reaches $2,500.

While you will be bidding in good faith, the bank will keep pushing up your bids to ensure that its needs are met.

Don't Ever Attend A Car Auction Without This

Before you attend a car auction, make sure that you have access to Carfax.

Now you can download mobile applications that will allow you to access
the Carfax database while you are attending a car auction.

Without Carfax, you are simply taking an educated guess as to the
condition of the car being auctioned.

By obtaining an instant report from Carfax, you will know the history
of the vehicle you are considering bidding for at the car auction.

Car auctions are amazing places to obtain cars at below wholesale prices,
but you need to be fully prepared so that you don't get stuck with a lemon.

The following wireless dealer management solution providers are available:

Autoniq (www.autoniq.com)
AutoRevo (www.autorevo.com)
CarTextInfo (www.cartextinfo.com)
Chronosafe (www.vinhunterpro.com)
GigglePop.com (www.gigglepop.com)
Laser Appraiser (www.laserappraiser.com)
Liquid Motors (www.liquidmotors.com)
vAuto (www.vauto.com)

How To Find Amazing Car Deals At Government Surplus Car Auctions

The best car auctions for amazing savings are
government run surplus auctions.

Government run car auctions are usually hosted by an
auctioneer whose sole motivation is to recoup some
money on an asset which the government has already deemed
as unnecessary.

This type of a government auction is referred to as a surplus auction.

While your primary purpose might be the purchase of a car,
these auctions can also serve as unbelievable sources for
inexpensive computer equipment and furniture.

Even though the auctioneer is tasked with recouping a fair value for the
government, the reality is that the actual final bids at the
auctions are the decisions of the bidders who attend these
government car auctions.

There are often implicit reserves or minimum bid requirements,
but the final sales prices at these auctions can be substantially lower than
if purchased in the open market.

The key to succeeding in finding a great automobile at a government car auction
is to attend lesser known auctions.

For example, a government auto auction held in Brooklyn New York is likely to attract many more bidders
than an auction held in Kansas City Missouri.

By attending a government car auction with a smaller number of attending bidders,
you will face less competition, and therefore should have a chance of
buying the car at a fantastic price.

Remember, many of these auctions offer online bidding, so even an
international bidder can participate in a government surplus automobile auction.