Flipping Cars From Auctions
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Currently there exists a market which remains somewhat untapped, and, better yet, absolutely primed for taking advantage of. And, to someone with a little experience in the locating and procurement of surplus automobiles, especially, this market carries with it a rather heightened promise for sizable, potential profits. Although, such experience, while greatly beneficial, is not an absolute requirement in order to get into the very lucrative game of exporting cars for profit.
The automobile market in the United States is quite soft at the moment. Those with inventories of automobiles, looking to turn them over, are motivated to move their stock quickly, as the assurance of future sales occurring quickly, and with regularity, is not at all solid given the current market climate. This, of course, translates into a buyer’s market. Those looking to move their vehicle stock are willing to make bigger and better deals in order to clear their inventory.
At the same time that this buyer’s market is occurring in the U.S., a number of foreign markets — mostly in Asia and Europe — are currently experiencing a very strong seller’s market in the automobile trade industry. A number of Asian economies, for example, are booming. As such, many Asian people are gaining new wealth and financial independence, and these people are looking to spend their new wealth. There is, therefore, currently, a high demand for American automobiles in a number of Asian, and other, markets. And, what’s even better, the supply of American automobiles in those markets is currently somewhat limited — especially for in-demand models, like older model American muscle cars, and American made SUVs and pick-up trucks.
Such types of vehicles are practically impossible to find in those markets — yet, there is no shortage of buyers waiting to pounce, and pay top dollar, to acquire any such vehicle that becomes available for sale in those markets — pretty much the very moment one does come up for sale. Over there, it truly is a seller’s market.
So, it shouldn’t take an advanced business degree from Harvard to realize that a buyer’s market here, plus a seller’s market over there, equals the potential for exceedingly healthy profits for anyone with ready access to this buyer’s market that’s looking to make money exporting cars to that seller’s market. Automobiles that are assured to sell quickly, even at top-dollar in those markets can be obtained easily in this market for a fraction of what they can be sold for in certain foreign, overseas markets. All you need is to know where to get these vehicles for resale in the foreign markets, and how to go about exporting them for trade — arranging and conducting shipping/transportation, etc.
Imagine acquiring quality vehicles in the U.S. or Canada at auction, as we’ve detailed on this site in previous articles, for a fraction of what they can be re-sold for even in the American or Canadian markets, but, instead of re-selling them here for a healthy profit, you actually exported them for sale in another market where common prices paid for such automobiles were far, far higher?
There truly is an exceptionally exciting opportunity that has arisen from the current state of the competing auto-trade markets in various countries. And, just about anyone, really, can tap into it and begin making what could very well be exceedingly huge profits exporting cars to these foreign markets. All that is required to begin is an understanding of the exporting process and how to properly engage in it and work it one’s benefit.
One would, of course, need to familiarize themselves with the legalities involved in exporting automobiles for trade to such foreign markets. But, such technicalities are not all that difficult. For example, generally, and contrary to what many people seem to think, no special exporting licenses are required for exporting used automobiles out of the country — although, depending on the destination market, certain import licensing requirements may need to be in place. However, if one knows exactly how to find and work with the proper importing agents in these foreign markets, then acquiring the necessary licensing is not at all difficult — these foreign agents will usually take care, themselves, of all of the legalities required by the government of the destination market.
There is no doubt that there currently exists the potential for truly astounding profits in the vehicle export trade. And, all that is required to tap into this potentially lucrative field is just a small amount of knowledge regarding the specific technicalities of the business. Imagine yourself buying up surplus vehicle stock from auction lists for pennies on the dollar, then getting on the phone and arranging transport of your newly obtained vehicle to an overseas foreign market, to be received at the dock by your foreign market import agent, who will then proceed to put your vehicle on the market in the foreign country — sometimes for as much as the equivalent of five times, or more, than what you obtained it for, in US dollars.
The business of exporting cars to foreign markets can be not only highly, highly profitable, but also extremely fun, exciting, and rewarding. So, how does one learn of the technicalities and legalities involved in such a practice? There’s plenty of information freely available on the Internet to get you started, and studying such should prove adequate to provide you with a basic familiarity of what’s involved. And, we’ll tackle more of the in-depth specifics in an upcoming article here on SurplusBusiness.Com. But, if you really want to jump into the nuts and bolts of it all, learn exactly everything you need to know to try your hand in the business of exporting cars for profit, and get started as quickly a possible, I highly, highly recommend Don Massey’s incredible learning guide for exporting cars for profit — you can click here to check it out for yourself.
If you have any questions, comments or concerns, please feel free to make use of the comment box provided below, and I’ll do my best to respond as time permits. And, please remember to bookmark us here at SurplusBusiness.Com and keep checking back on a regular basis!
Best of luck and success to you!
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