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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!
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.