| If you have ever considered buying and selling cars | | | | car. One of the more prevalent problems with car |
| for profit, whether on a used car lot or from your | | | | auctions are missing titles, which can really slow the |
| home, then you will definitely want to check out a | | | | selling of any type of car down. There will be |
| government seized vehicle auction. These auctions | | | | information on the title at the auction, but in general, |
| offer hundreds of different makes and models, all for | | | | you will want to avoid any car that does not have |
| far less than you would expect to pay on the open | | | | the title on site and ready to take home with you. |
| market. | | | | You will also want to look at the interior and exterior |
| Buying for Less | | | | for damage. Some people who shop at government |
| In order to buy a car for less, you should be able to | | | | seized auction sites test the thickness of the paint to |
| identify cars that will sell, but are not in extremely | | | | check for repairs, but unless you are concerned |
| high demand. For example, luxury cars may sell for a | | | | about frame damage, which should be listed or |
| few thousand dollars less than expected, but there | | | | noticeable, then you won't have to worry about this |
| are some late model cars that sell for less than half | | | | detail. Some things to note are the car's seat |
| of their cost on the retail used car market. The best | | | | coverings, whether or not the air conditioning works, |
| deals are those that have a good resale value, and | | | | and whether or not the car has a cd player. In |
| that are priced far enough under market value to | | | | addition to having a good motor and transmission, all |
| give you an ample profit margin. | | | | these things drive the resale value up exponentially. |
| If you are looking for a specific car that is likely to | | | | Ask About Fees |
| go for just under or right at market value, then you | | | | When attending a government seized car auction, |
| are in luck. There are dozens of choices that offer | | | | you may find that after the auction is over there is a |
| you the opportunity to have the car that you really | | | | five to ten percent fee added to the total of your |
| want, without breaking the bank to do so. There are | | | | winning bid. This is not always the case, but it is |
| often cars that do not even sell, especially cars on | | | | often a good idea to ask about any buyer's |
| the upper end, because the bid doesn't go high | | | | premiums or fees before bidding so that you can |
| enough. | | | | incorporate those fees into the total. Since you will |
| Resale Tips | | | | need to pay for the auction immediately, it is |
| Obviously, you will want to get the cars that you | | | | important to have enough money on hand to cover |
| buy out onto the lot right away, making it vital to | | | | the bid and these fees as applicable. |
| check for problems before buying or bidding on the | | | | |