Car Buying 101 Tutorial
Car Buying 101 Part VII
Let’s quickly cover one more topic. A lot of people use PoliceAuctions.com to find items for resale and this can include cars, so let’s look at that. First off, we should warn you against the concept of “flipping.” Flipping occurs when someone buys an item at one wholesale source and immediately turns around and sells it another wholesale buyer. Unless you have experience doing this, exercise caution on attempting to flip vehicles because it almost never works out. Car dealers have their own wholesale sources of vehicles, which they regard as trade secrets. Unless you were able to get the vehicle for substantially below low Kelly Blue Book, let’s say three or four thousand dollars below it, you probably don’t even want to talk to a dealer. They will try to steal it from you. You will get far better results reselling the vehicle either through eBay motors or craigslist.com or simply putting a for sale sign on the vehicle.
If you decide to resell the vehicle via auction, you can user the “Submit User Posted Auction” feature available on PoliceAuctions.com to promote your auction and drive more interested parties to it. You should also read, “How To Make Your Auction Successful” tutorial for pointers on how to get the most out of your auction.
We’ve covered the different methods of buying a vehicle to give you a sense for the full spectrum of opportunities that are out there for you as well to differentiate between the kind of transactions that tend to be hassle-free as opposed to those that will get you the best deal.
Whether you buy a car through government auction or not, for private use or for resale, use the full resources of the Internet to research car values, financing options, and to see what else is on the market. That way you will be an informed bidder, and informed bidders are far more successful and happy than their uniformed counterparts.
