Here you will find everything you need to know to begin buying and selling cars for a profit, included is everything from used car sales/purchasing prices at dealer only wholesale auctions to the information needed for you to get your own dealer's license! Start attending the dealer auctions and capitalize on the tremendous opportunities in the car business or become one of our  Independent Dealer Agent's, this program gives you all the benefits / privileges of owning your own dealership and having your own dealer license for 1/10 the cost.

The Used Car Dealer Auctions

For someone who has the desire to make a lot of money on a part-time basis (1 to 2 days a week), or SAVE A FORTUNE on their next car, the Dealer Auctions are a must for you. Plus, it will save you hours of time. Not only do you have a huge selection of cars 5,000+ cars to choose from each week, it will save you many hours of searching through the want ads, making phone calls, waiting to hear back from the sellers, driving all over town to look at one car that wasn't what was described to you over the phone. REMEMBER, Time is money!

What To Expect Inside A Dealer Auction

You can expect to see a huge car lot housing over 5,000 vehicles from old cars to new 2005 factory demos with under 1000 miles on them; a building/office with 10 to 20 garage doors or auction lanes where they drive the cars through referred to as "the block". Each auction lane has a specific purpose. Lane 1 might be this current year’s models (dealer auctions have many new cars for sale with less than 1,000 miles and factory warranties); Lane 2 might be 1993 to 1995 cars; Lane 3 might be 1990 to 1992 cars and so on. Other auctions have a special lane for motorcycles, personal watercraft, and imports such as a Honda only lane. Some cars are sold "as-is" and some are sold on a "ride and drive" basis (power-train warranty). If the car you buy has a factory warranty it will still be valid or transferable.

As in any "used" goods market, there are good cars and there are those that you want to avoid. In order to have a better handle on the inventory, it is wise to arrive at the auction at least 2 hours before it begins and walk the lot. Find the car that you are interested in, inspect it and drive it around the lot.

The Advantages Of A Dealer Auction

Titles are guaranteed at the Dealer Auctions. If you have bought a used vehicle with a previous salvage title or a lien you will understand the importance of a guaranteed title.

The advantage of buying a vehicle with a guaranteed title is that if there is a problem with the vehicle after you purchase it, you are entitled not only to a full refund, but for any out-of-pocket expenses you incur to recondition it. Dealer Auctions also offer the security of knowing that the car is not stolen and that, if need be, you can trace the history of previous owners. Private party sales do not offer this.

Dealer Auctions have many safeguards about mileage disclosure, mileage deficiencies, liens, frame damage and other important details. It’s like getting title insurance on a house, however, the dealer auctions offer this service for free. Most dealer auctions will provide a powertrain guarantee of some kind so you can buy your cars worry free.

Where Do The Cars Come From?

Leased Cars: Since most individuals who lease cars do not buy them at the end of their lease, the leasing company then sells them at the dealer auctions, most off lease cars or 2 to 4 years old.

Repossessed Cars: Bank or finance companies that have repossessed vehicles for non-payment. GMAC and GE Finance Company are huge sellers of good, clean repossessed cars.

Factory Demos: General Motors sells thousands of new factory demo cars with under1,000 miles on them.

Theft Recovered & Damaged Cars: Insurance companies sell many cars that have been recovered after the loss has been paid on them. They also sell hail-damaged cars. We had a big hailstorm and I bought all the hail-damaged cars I could find and had my buddy, who does paintless dent removal, take out the hail dents. He charged me $500 a car and I made a fortune! Many of those cars were brand new.

Left Over Dealer Inventory: If a dealer has had a car on his lot for over 90 days, its considered "old inventory." The dealer will then sell it at the dealer auction to get his money back in order to place new inventory on his lot. A BMW dealership may take a Camaro on trade, but they will not put it on their used car lot; they will immediately sell it at the dealer auction.

"There are many places to find cars to buy. It’s a
good idea to specialize in a just a few of these
sources, so that you learn to spot the bargains. Of
course, the dealer only wholesale auction’s have
always been the #1 favorite of mine."

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