If you are trying to get a phenomenal deal on a used car, you need to find a way to get around the middle man and go right to the wholesale car auctions where the actual dealers pick up their vehicles.
Are you aware that used cars are actually marked up around 200%? The truth is if you pay $5000 to buy a car the dealer actually paid less than two grand for the same vehicle at an auction.
By cutting out the middleman you personally get yourself an excellent deal on a car without having to go through any of the hassle of dealing with a dealership.
A lot of times a person might lose their job, and because of that they can't keep up with their car payments so their car ends up getting repossessed.
In this situation the repossessed vehicle ends up on the auction block and gets sold.
You can find cars that are practically brand-new with very low mileage as well as finding vehicles that were customized by the previous owners.
We're talking about vehicles that can cost anywhere from $10,000-$15,000 brand-new, and they sell at auction for less than $5000.
There are some really incredible opportunities to pick up high-quality vehicles at wholesale car auctions.
So if you're in the market for a new car you should seriously consider checking one out.
When most people first hear about the incredible deals being offered at these auctions they wish they can somehow hand in their car in so they can buy a similar one at auction for a fraction of the cost.
That's why it's so great to buy cars when they are being sold at auction.
The person buying them gets amazing deals while avoiding having to pay off any kind of loan for an extended period of time.
Why buy cars brand-new when you can get cars practically new for a third of the cost? It's very foolish to not want to take advantage of this type of a situation.
I personally buy all of my vehicles at wholesale car auctions nowadays.
You can come across an incredible deal at an auction and turn around and sell that car for a profit of your own.
This is a great thing for those who have the entrepreneurial spirit and want to make some nice extra money on the side or do it as a full-time business.
If you could find 4 or 5 vehicles every month at the right price you can literally turn around and sell those and make around a $10,000 profit each month or even more.
And the best part is you really don't even have to put in a whole lot of time in order to make this money, once you develop a system that works well for you.
You can easily take the vehicle you purchased and put it for sale in your local paper.
Find a mechanic and have them do a full inspection and then double your price from what you purchased it initially and you can probably sell this car in about a week's time.
But don't feel obligated in any way to start your own used car business.
Feel free to just use this knowledge you've now gained as a way to buy all of your vehicles very cheaply and at a fraction of the cost of what you normally pay for them.
The secret to wholesale car auctions is knowing which ones to go to.
There are databases available that you can join which allow you to find out the best seized car auctions available which aren't being advertised to the general public.
This way you don't have to bid against a ton of people but a select few that know about these underground auctions that take place.
You could often place bids on these cars without actually even showing up.