How car auctions work, used cars are scattered everywhere on a lot and look like scrap and 2 out of 180 used cars look nice. Piles of unwanted trash someone wants to get rid of. If you find that one ugly used car out of the 180 that runs good you can make money.
This is where the unsellable used cars go to be buried. If a vehicle was traded in, leased, repossessed, totaled, it will be among the nearly millions of vehicles that are bought each year in an auto auction. Not everyone is junk so be wise because lemons are there. Do a thorough inspection. The ones that appear to be in the best condition are not always the best deal because they’re more expensive to buy. The goal at the used cars auction is you want to buy cars for the lowest price, then sell for as much as possible so you can profit high. To do this, do not worry about all minor defects or used cars that smell like a garbage bag. Some things bidders look for: Listen closely to the exhaust at start up for engine problems and anything expensive to fix or take loads of time in shop since it wouldn’t be worth it to flip the auto. And look for major structural defects. You better know exactly what you’re doing and buying, it only takes two or three bad used cars purchases from auctions that can force you to go out of business soon as you start and send you home crying. There are so many things to look for so try hook up with someone with experience and knowledge to help you avoid going broke. Bidding at used cars auction: It's not a regular auction, no one holds up a card or hand. Usually a head nod, thumbs up or wink. Everyone has their own way to bid and there’s a reason for it. Think poker. Never reveal what you’re bidding on because your competing. Showing interest, you may get outbid. Imagine a room full of lions and everyone wants to make as much profit as they can. Sometimes, they may be willing to work with you to an extent, this is cutthroat, ruthless, raw, shady and unforgiving type business. You will get rich or die trying, Or maybe die from stress. You face ace expert competition from used cars dealers and mechanics who understand the value of the vehicles. Not everyone walks away with used cars. Never buy if the price isn’t right. Always keep your emotions out of this and only look at your buys from a real financial perspective. Make sure to read my page on how dealer auctions work for knowledge. Information from Dalesandro autos Damascus Ohio website | home | |