My Beef With Buying And Selling Used Cars From Auctions | CEI ...

Posted on 21 August 2012. Tags: auto actions, Car, profit, storage lockers

The economy is rough all over leaving people jobless or feeling that their pay checks just don?t stretch as far as they used to. It is for this reason that many people have begun looking for alternate ways of making a little extra money. Some people try and find work on the internet while others try and sell stuff.

There are so many reality shows that really show how the market for buying and selling has started up again. There are some that will buy storage lockers and then sell the stuff that is in them while others will begin to buy and sell used cars.

Which is why your here?

When first starting to buy and sell used cars it is not suggested that you start at the auto actions right away. There are a lot of fees that go along with buying and selling used cars from auctions. If you are buying a car there are a lot of new people that have begun to flood the market, which ultimately raises prices and cut into any profit you will get when you flip the car. If you are trying to sell at the auto actions you will have to pay for auction membership fees and then on top of that the auction house normally takes about 15-20% of the money made from the sale of the car. This really cuts into your profits.

Many professional car flippers will try and tell the new people, to this business, to start small and to start from their own homes. This will easily allow newbie?s a way to earn about 1,000 dollars extra that month if you just flipped one car. At home there are no overhead coasts. All you will need to do is go out and buy a car for a reasonable price. You can sell it as is or you can fix it a little to make an even bigger profit. All you will need to do is make sure you are getting a good deal and not getting ripped off.

If you have decided to flip cars to make a profit for you and your family it will really help to do your research on strategies and advice from the pros. Flipping cars might sound easy, but you can really tie up your money if you cannot sell a car or you bought the car for too much.

Source: http://www.cei2009.org/my-beef-with-buying-and-selling-used-cars-from-auctions.html

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