Government auctions can you get good deals on cars

В рубриках: Automobile | Автор: admin 12.07.2011

Government Auctions – Can You Get Good Deals On Cars

As you’ve undoubtedly noticed, the government lives off of our tax dollars. Taxes are one of those subject that gets everybody agitated. If you really want to get steam coming out of someones ears, just take them to a government auction. The government buys and discards valuable things at a rate that is simply stunning. The waste is amazing, but you can take advantage of it at auctions.
You’ve all seen the quips online and on late night television. You can buy a house for $100 at a government auction or a car for $50. These advertisements would seem to fall under the “too good to be true” category at first glance. In general, they are too good to be true, but that doesn’t mean you cannot get a steal of a deal at one of these auctions.
Let’s look at the $50 car. Are there cars being auctioned that come up for bid at this price? Actually, there are. They usually are bland cars that are not in tremendous shape. The car will usually be in less then desirable shape and needs some work done on it. Sounds like a terrible deal right? Well, not necessarily. You know all those little car lots around town. Ever wondered how they stay in business? Many of them are buying, cleaning up and flipping these cars.
Let’s say you start bidding on a Toyota Camry. It has a flat, a ripped seat and needs a paint job. It runs, but sounds like it is near death. You win the bidding at $500 and pay a total of $600 with taxes and everything thrown in. You then have it towed to a shop where it gets a new tire, tune up and some other mechanical repairs for $500. Now it is off to get a $1,000 paint job and $500 seat reupholstering. You’ve spent a total of $2,600.
Now it is time to make money. You list the car for sale on your favorite website. You know the blue book value for the vehicle is $9,500. You negotiate a deal for $9,200 cash. You spent $2,600 on it, so you’ve made a profit of $6,600 in a matter of two or three weeks. It is not a million dollars by any means, but it isn’t bad money. This is particularly true if you start flipping multiple cars at the same time.
This is really how you can make money in government auctions. Are you going to show up at one and win a Ferrari on a $10 bid? I guess it is possible, but let’s just say it is extremely remote. So long as you are willing to spend a bit of money, however, you can do very well buying cars at auctions.

  • Добавить ВКонтакте заметку об этой странице
  • Мой Мир
  • Facebook
  • Twitter
  • LiveJournal
  • MySpace
  • FriendFeed
  • В закладки Google
  • Google Buzz
  • Яндекс.Закладки
  • LinkedIn
  • Reddit
  • StumbleUpon
  • Technorati
  • Digg
  • БобрДобр
  • MisterWong.RU
  • МоёМесто.ru
  • Сто закладок

Комментариев нет

Комментариев пока нет.

RSS-лента комментариев к этой записи. Адрес для трекбека

К сожалению, комментирование пока закрыто.