Cars for Auction
now browsing by tag
The thought of making money by flipping cars from auctions or flipping surplus vehicles obtained at auction is very attractive to a number of people. And, there’s good reason for this: there is most certainly good money to be made by flipping cars from auctions and the process can be very interesting and fun.
It’s possible to obtain used cars from auctions — be they government surplus auctions, or private auctions of used or surplus vehicles — for quite literally pennies on the dollar. It’s possible to find automobiles that are able to be purchased at substantial discounts and then turn around and sell them directly to private buyers for a higher price, simply because most buyers either aren’t aware that such auctions even exist, or, if they do, they don’t know how to go about locating these auctions nor how to take part. Or, if you’re mechanically savvy, there are even greater profits to be made flipping cars from auctions by acquiring automobiles at auction that require some minor work, putting in the work needed, and then flipping the cars for a substantially greater markup.
The one hindrance, however, that many people are likely to encounter if they have a serious mind to regularly earning a significant amount of money by flipping cars from auctions, is the need for a used car dealer’s license. In many places in North America a person is limited to only being legally able to sell a very small number of either new or used automobiles every year before they are required to obtain a dealer’s license. The exact number of cars one is able to legally sell in any given year without needing to hold a valid used car dealer’s license varies somewhat depending on location, but in most jurisdictions the number of automobiles one is legally able to sell annually is limited to just three vehicles. That equals just one sale every four months. Of course, the profits which you’re likely to earn by buying and selling only three used cars in a year isn’t very likely going to be worth your while.
Flipping Cars From Auctions — The Reality
The reality is, if you seriously want to turn flipping cars from auctions into an actual side business, or something more, you really are going to need to acquire a valid dealer’s license. Unfortunately this is not easily done. The process is a convoluted, somewhat confusing and very often painful experience if you’re not familiar with the ins and outs of it. Fortunately, there are experienced people out there, who will act in a consultancy capacity, whose business it is to help you through the process and make the act of obtaining your own used car dealer’s license as simple and painless as possible.
If you’re thinking seriously about earning regular money, either as a hobby, a side-business or part-time business, or even as a full time business, by flipping cars from auctions, the fact of the matter is that you’re going to need a used car dealer’s license. And, unless you have experience obtaining a dealer’s license and know the ins and outs of what is required in order to obtain one, you’re not extremely likely to be successful in your endeavor. You’ll most probably need to use the services of someone who is knowledgeable and has experience helping people like you to obtain a dealer’s license.
One such person who works with people in order to help them obtain their own dealer’s license is Don Massey — a licensed car dealer from Colorado. Don has more than twenty years of experience in helping people to obtain used car dealer’s licenses.
Probably the best part of holding a valid dealer’s license is that the dealer’s license will give you access to dealer-only auto auctions that take place all over the country almost every day. Holding a valid dealer’s license also gives you access to proprietary databases accessible through the internet that are maintained by the auction companies that hold dealer-only auctions. These restricted access databases (open only to people who hold a valid dealer’s license) provide information on all of the sales made at these auctions — what cars sold, extensive details about each car and what they actually sold for. Having access to this information will allow you to price automobiles much more effectively than anyone who doesn’t have access to such information.
There’s absolutely no doubt that if you’re thinking about flipping cars from auctions on any sort of a regular basis, you really must hold a valid dealer’s license.
Flipping Cars From Auctions — Helpful Link Resources:
- Obtaining a Dealer’s License.
- Auto Auction Locating Service.
- Canadian Government Surplus Vehicle Auctions
- US Government Surplus Vehicles Auctions
- Government Vehicle Auctions Locating Service
When it comes to government seized car auctions, there appears to be quite a number of myths out there that, for some reason, are commonly believed by the general public. Many people, it seems, hear about such government seized car auctions and become excited by the prospect of being able to acquire, for incredibly good prices, automobiles repossessed by the government. And, it’s true that you can do exactly that. However, as I said, there appears to be a number of myths prevalent throughout the public. In following article I’ll touch on some of the more common of these government seized car auctions myths and attempt to set the record straight.
On any day you care to choose there are, quite literally, many thousands of repossessed vehicles sitting in car lots all across the country just waiting to either be reclaimed by their delinquent owners, or to be snatched up by the highest bidder in a government seized car auction. Most often the vehicles available at the us government car auctions range from absolutely pristine, desirable automobiles to pure junk-heaps. And, this is the first myth that seems predominant in the mind of the public.
Government Seized Car Auctions – Myths
It seems that a lot of people mistakenly believe that when showing up at one of these government seized car auctions they’re bound to encounter nothing but quality automobiles that are in great shape — both mechanically and visually — and that they’ll be able to acquire them for a real steal. This isn’t, however, the case. Very often the vehicles are in pretty rough shape and require a fair amount of maintenance in order to get them into salable, or even drivable condition. If you’re someone who isn’t willing to put a lot of work into the cars you can acquire from one of these us government seized car auctions, then you could find yourself showing up to the auction only to discover that there aren’t any vehicles up for auction that you’d even consider bidding on.
It’s true that these sorts of cars will end up being sold very cheaply. But, they’re being bought up mostly by people who can and will do the work to bring them into salable condition and then flip them for a profit. If you have the means to do that, then government seized car auctions can be an absolute gold-mine for you. If you don’t have the means to do that, however, you’ll end up having to hunt a little bit for the really good bargains. But, they ARE there — just don’t expect all of the us government seized car auctions you may attend to be overflowing with them. Many people are disappointed when they attend their first of these government seized car auctions and find this to not be the case.
Because, of course, this is a myth that seems to be prevalent among those who don’t have experience attending government seized car auctions. Many people seem to believe that you can show up at one of these auctions and the lot will be full of nothing but great cars that end up being sold for very little money. Most often, this isn’t the case. People tend to fight more readily in order to hang on to good cars — so, less of them become repossessed. If someone owns a junker and has fallen on hard times, however, they’re much more likely to just let the repo man come and get it without putting up much of a fuss.
The great cars do show up at us government seized car auctions — make no mistake. But, when they do, as common sense should tell you, they quite often end up being sold at something close to a fair market value. You can still get them for a fair bit less money than you would be able to if you were purchasing it from your average used car dealer. But, it’s a myth that such pristine cars can regularly be acquired for a song. It does happen, yes. But, it’s not extremely common. When such a fine automobile does come up for auction at one of these us government seized car auctions, the bidders present, of course, will very often bid it up to something close to fair market value for such a car before dropping out of the bidding.
So, be aware that amazing deals on high quality cars can be found at these government seized car auctions, but don’t expect that every auction you attend will be brimming with such buying opportunities. You will, most likely, have to hunt around a little bit to find them. Among all the US government car auctions seized, most of them will require at least some work.
Another myth surrounding government seized car auctions appears to be that many in the public think that acquiring one of these cars at auction could actually be dangerous. They believe that many of the automobiles may have been seized in drug raids, or some other such nefarious scenario, and that the cars might have belonged to dangerous felons. These felons might then show up at the auction to watch and see who acquires their automobile, follow them home, and take back their car — with violence in some cases.
This too, of course, is a myth. Talk to any auction service — even ones that have been in business for many decades and have overseen thousands of government seized car auctions, and they’ll tell you that they’ve never heard of this happening. The truth of the matter is, it just doesn’t make any sense from the criminal’s point of view. The government seized car auctions are almost always held on a public lot which employs security measures. In other words, when you’re at one of these us government seized car auctions bidding on automobiles out in an open, outdoor, fenced in lot, you’re almost always being recorded by security cameras equipped on the lot. A drug dealer, or other criminal, or an associate of theirs, that has just suffered a raid is very, very likely not going to risk showing up at one of these government seized car auction just to get their face on camera so they can get their car back. It’s not worth the risk, and seeing as how their stuff is currently being sold off at a government auction, they’ve got much bigger things on their mind besides getting back a single car.
Along with this, a lot of people would be surprised at just how relieved a lot of people are to actually have their car repossessed! It’s true. When the repo man shows up to take their car away a surprising number of people actually welcome it — believe it or not. The reason, of course, is simple. If a person is in a situation where their car is being repossessed, that person is likely in the midst of some fairly heavy financial troubles. When their car gets seized, to them, it’s one more payment they don’t have to worry about making, and a portion of their plate has been cleared which will help them to focus on what they must do to try and get out of the mess they now find themselves in. You’d likely be surprised, but for many people, having their car repossessed is a large weight off the owner’s shoulders.
Don’t believe what you see in the movies and on TV. It’s true that some vehicle repossessions turn ugly — they take place in the middle of the night, secretly, while the owner is believed to be sleeping. And, if the owner wakes up and notices their vehicle is being seized, there can be an ugly, overly dramatic scene that ensues. That does happen, it’s true. Those types of repossessions do take place. But, the reality is that in the majority of cases where a person’s car gets repossessed, the owner is actually waiting at their front door for the repo man to arrive — their car keys in their hand, ready to hand them over.
So, if you keep the above myths in mind when attending government seized car auctions, and come to know that they are myths — no matter how widely believed they seem to be among members of the public, you’ll do better at maximizing the quality of the experience you have when attending government seized car auctions. And, you’ll be much more likely to drive away with a decent, quality automobile that you obtained for a great price.
If you’d like some great information on how to best locate government seized car auctions that may be taking place in your area, all the information you need can be found at GovernmentAuctions.org by clicking on this link.
It used to be that if you wanted in on the incredible bargains available at government surplus auctions, you had to do an awful lot of footwork. Just locating government surplus auctions and figuring out where and when these auctions would be held was quite a chore, as they tended not to be very well advertised. Then, of course, once you found an upcoming government surplus auction, you had to actually, physically go to the location in order to take part.
Today, however, we’re living in the electronic age and, as with many things, government surplus auctions have now moved into the online world. Government surplus online auctions have become exceedingly more popular over the last decade. No longer does an interested buyer need to spend the time or gas money to actually travel to the government surplus online auction they once did — all of your auction bidding can now be done in front of a computer, right from the comfortable surroundings of your very own home.
Actually knowing where on the internet one needs to go in order to take part in one of these government surplus online auctions isn’t knowledge that everyone has, however. Even in this age of the internet, it still takes a fair amount of searching. Fortunately, there are services available such as the one offered by GovernmentAuctions.Org, and AuctionPass, which act as both government surplus online auction, and more traditional, offline government auction locating services. The more reputable of these services, such as those mentioned above, are truly invaluable tools if you’re looking to get a leg up and really snag the absolute best deals on things like federal government surplus vehicles, or local or state government surplus automobiles, government surplus equipment, surplus furniture, government surplus ammo, machinery, clothing, government land auctions, and just about anything else you can think of. GovernmentAuctions.Org also offers auction locating services for both American and Canadian government surplus auctions, as well as repo auctions, police auctions, military government auctions and much more.
Of course, if you’re someone who is interested in purchasing quality government auctions cars, you will probably want to check out our very own, updated hourly, live surplus vehicle auction listing that’s located here. Be sure to bookmark that page and check back every so often, as the best deals quite often get snatched up soon after being posted. If you’re in the market for more general military government auctions goods, or other non-military general government auctions surplus items, you’ll probably also want to check out our other listings located here and here as well. Live listings for military surplus items are located here.
With all of that said, it should be clear that while the modern electronic age has made locating such government auctions of surplus goods much, much less of a chore than it once was, it’s still not an entirely simple task for many people. The truth of the matter is that many of these government surplus online auctions just aren’t advertised or promoted all that well. Internet search engines can often make the task of locating government surplus online auctions fairly difficult as, recently, there has been a trend for the major search engines to favor commercial websites willing to dump money into the search engine’s advertising schemes. This pushes the actual government surplus online auctions information that you’re probably looking for deep down into the search results and brings advertisers who just want to sell you something up to greater prominence in the returned results. The effect, of course, is that you’ll need to spend time and effort hunting through those results in order to find the information you’re looking for.
In fact, you’re probably on this page right now because you’ve become frustrated in trying to locate the information you need and are looking for tips on how best to go about doing so. There does certainly seem to be a lot of talk on the internet about these great government surplus online auctions taking place all the time, but there doesn’t really seem to be very much direct information regarding where they are and how to find them exactly. That’s why we offer our live, updated-hourly surplus auction listings. And, if you’re truly interested in maximizing your ability to find the absolute best government surplus auctions — ones taking place both online and offline — your best bet really is to take advantage of a competent government auction locating service like the ones mentioned above.
There really are an absolute ton of amazing bargains to be had at these auctions — bargains that most people just don’t know about. And, while it can still be somewhat tricky to locate these government surplus online auctions by yourself — even in this age of instant information via the internet — there are services available to you that will give you a remarkable advantage in both finding the auctions you wish to take part in, or even teaching you the information you need in how to find government surplus online auctions on your own — whether you happen to be looking for either American or Canadian government surplus online auctions.
Government Surplus Auction Websites:
- General Services Administration Government Auction Listings.
- Canadian Federal Government Surplus Auction Website.
When thinking of picking up some real bargains on items such as camping gear, items of furniture, various tools and construction materials, high-quality, well made clothing and many other types of goods, a lot of people tend to immediately think about visiting an army shop surplus outlet. And, for very good reason. Army shop outlets truly are one of the best options available to you if you’re looking to acquire very high-quality, well-made goods when you’re on a tight budget.
Of course, it very well might be that you’re experiencing some level of difficulty in trying to locate a good army shop outlet. When and if someone finally does locate one of the better army shop military surplus outlets that are out there, however, their first visit can be a true revelation. Many people, upon their first visit to such an army shop, are stunned to see the wide array of high quality merchandise available at such incredibly low prices. Practically anything that the army or military in general issues to its own personnel, at one time or another, eventually makes its way into an army shop outlet as surplus goods. Such items might include military issue clothing, military grade tools, gear and other hardware, military vehicles, and often even some military weapons.
Because these items have fallen into the category of being surplus to current military requirements, the cost that these quality goods become available for at such army shop outlets is usually quite low. It’s very possible to find such army surplus items at these shops at savings of anywhere from 10% to 80% less than items of similar quality available at regular retails outlets. Sometimes the savings can be even higher!
It’s also important to remember that much of the goods sold through army shop outlets isn’t actually used merchandise. This is a common misconception among members of the public. Many people, it seems, appear to believe that a lot of the military surplus products available through such army shop outlets are items which have been used extensively by the military and are being sold off to the public once they’ve become worn out or have otherwise lived-out their usefulness. This, very often, just isn’t the case.
Mostly, military surplus items find their way into the army shop outlets because they are over-stock items of some sort (the military ordered, or were delivered, more than they needed) Or, the items had been warehoused and waiting for use by the military, but the military upgraded to newer, updated equipment before the items were able to be put to use. In short, while you can find very high quality used gear at these army shop surplus stores, much of it is actually brand new — never used.
If you’re interested in possibly buying some of the larger sized surplus items from these army shop outlets — items like vehicles and weapons — then you’ll most likely not be able to locate these items easily through any traditional means that people normally use to locate more conventional products. Good luck, for instance, attempting to locate such items by browsing the classified sections in your local newspapers!
If you are truly interested in acquiring such items, one of your best bets is to make direct contact with the nearest military bases in your area and try to build a friendly relationship with the personnel on those sites. Once you become familiar and friendly with some of the military personnel, a quick phone call now and then can alert you to any equipment they have that may about to be designated as surplus items. Some military installations even run a service that you can sign-up for where they’ll e-mail or mail out notices if they’re having upcoming surplus item sales or auctions.
Very often, the larger military surplus items are not available through army shop outlets. Instead, these types of items are often made available through specially held public surplus auctions only. And, you’ll need a method for determining exactly when and where these auctions are to be held. You can, of course, inquire at a nearby military base and see if they run any sort of notification service for upcoming auctions. But, not all military bases do.
There are other, easier methods, however, for getting ahead of the game, locating such bargains, and finding out exactly where and when these public surplus auctions are going to be held — methods that don’t require you to go to the trouble and put forth the prolonged efforts involved in attempting to build personal relationships with military personnel. There are government and military surplus auction locating services that, quite frankly, are worth their weight in gold. These services, such as the one located at this link, or the service available here, provide a highly valuable service that will give you the upper edge in locating these types of auctions and sales, while taking all of the troublesome footwork out of the equation for you.
With regards to purchasing the more traditional, smaller kinds of military surplus items, a good army shop outlet is really your best choice. And, most areas usually have at least one or two such decent army shop outlet surplus stores. A quick check of your local yellow pages, or an on-line search should be able to inform you of the location of these shops. Along with that, of course, there are now on-line army shop outlets on the internet that will allow you to browse or search for the items you’re interested in and ship those items nationwide or even worldwide. A great live, up-the-minute, listing of surplus vehicles available at auction, for instance, is maintained on this very website — you can view it by clicking here. We also have the same listings for general military surplus — available here. And, non-military, no-reserve surplus items — available here.
But, there’s little doubt that actually visiting a quality army shop outlet for military surplus goods in your area is likely to provide you with your best experience. Online shopping is great and very convenient at times, but, when it comes to such military surplus items, you’re likely to want to, and find great advantage in, actually being able to handle the merchandise and see and inspect it with your own eyes before making a purchase. When in the market for things like surplus camping equipment, military clothing and various types of military furniture, it’s always a good idea to inspect the items before purchase — something that you can’t really do if you buy via the online route.
Obtaining a quality vehicle through a government auto auction is a relatively simple and extremely economical process — if you keep in mind a few essential tips and some basic information. It’s even possible to start a very lucrative side-business by purchasing quality pre-owned vehicles through a government auto auction at very low costs and then flipping those vehicles for profit to local car buyers. Check here for some interesting tips and ideas regarding how you can start a profitable business selling automobiles acquired at a government auto auction.
But, perhaps you’re not interested in starting up a government auto auction flipping business. If you’re like many thousands of people, you just want to know how you can take advantage of a government auto auction in order to obtain for yourself a quality pre-owned vehicle at a very low price. If so, the rest of this article will provide some basic but very valuable information that will familiarize you with the processes involved in the average government auto auction.
The Government Auto Auction — The Basics:
The governmental agency that purchases government vehicles, sells them, and also leases them to other governmental agencies, is the GSA — the General Services Administration. When the vehicles that the GSA purchases come to the end of their leasing term, the GSA will often sell off the vehicles to the public — quite often through a public government auto auction. They do this in order to obtain money to purchase new vehicles for governmental use.
Practically all of the vehicles that will be offered at any government auto auction will be thoroughly cleaned, in good working condition, and completely ready to drive straight off of the auction lot once you win the bid. Typically, the vehicles being offered at these government auto auctions will be three years old or even less. The vehicles normally offered at GSA government auto auctions will have been utilized for normal transportation purposes — having regularly seen relatively light use throughout their service history. The GSA, however, does not offer military vehicles in their government auto auctions. So, if you’re looking for such types of vehicles, you’ll need to seek out a military surplus auction.
The vehicles you’re likely to find at your typical government auto auction will feature fairly low mileage, will quite often come equipped with many dealer options, and will have an excellence service record — having been maintained on a regular basis by government mechanics. With that said, however, it’s important to note that practically all vehicles sold at these government auto auctions will be sold on an “as is” basis. So, even though government auto auction vehicles are typically in very good shape, it’s still very important to make sure that you thoroughly inspect any vehicle you’re thinking of bidding on before placing your bid. The terms and conditions of sale that the GSA applies to their government auto auctions will be available on site at the time of the auction, or you can view them at this link: GSA Government Auto Auction – Terms and Conditions of Sale.
Locating a Government Auto Auction Near You:
The GSA publishes tools on-line that will help you locate upcoming auctions in or near your area. These tools can be found on the GSA website located here. Alternatively, if you know of a GSA affiliated auction house in your area, you can always simply call the auction house itself and ask them when the next government auto auction is taking place. The most effective and hassle free method of locating such government auto auctions, however, is to use a dedicated locating service. These locating services will do all of the tedious ground-work for you and simply notify you when government auto auctions are going to be happening in your area. Along with this, these government auto auction locating services have built contacts within the market, and, as such, are very often able to locate and inform you of exclusive auctions that the general public might not know about. You can read about one of these auction locating services at this link. Or, you can even use the free, live and continuously updated surplus vehicle auction listings available on this very site if you’d like to place bids on surplus vehicles online.
Some important things to keep in mind regarding government auto auctions are that space at the auctions is often limited and the number of attendees will often be limited. For this reason you’ll need to register in order to attend. Sometimes registration can be done in advance, but quite often registration will only be allowed on the actual day of the auction. So, you’ll want to arrive as early as possible in order to make sure you’re able to secure a spot at the government auto auction.
The auction house that is conducting the government auto auction will supply an inventory list upon your registration. Use the list to browse the vehicles available at the government auto auction, and inspect any ones you think you’d be interested in bidding on before the auction begins. You’ll usually be allowed to enter the available vehicles, sit behind the wheel, open all the doors, the trunk, take a look at the engine, and even start the car. Test-driving vehicles at a government auto auction is not permitted, however.
If you’re not experienced in taking part in live auctions, feel free to ask for assistance from a member of the staff before the government auto auction begins. They’ll be happy to answer any questions you might have and will usually provide you with some valuable tips and pointers. Quite often, the auction house that is running the government auto auction will hold a mock auction before the real auction begins — taking part in this mock bidding will allow you to become familiar with how the actual government auto auction will take place.
Be sure to find out well ahead of time what forms of payment will be accepted at the government auto auction. Nowadays, most government auto auctions will accept all major credit cards. Quite often, cashier’s checks will also be accepted — but not always. So, make sure you find out ahead of time. In a very few auctions these days only cash will be accepted, but that’s really quite rare these days. Nonetheless, you should find out beforehand exactly what forms of payment will be accepted at the government auto auction. There’s nothing worse than getting to a government auto auction only to find out that you can’t actually bid on anything because you’re unable to provide the necessary form of payment.