
Donald asks…
where can I go to buy auction cars at?
I’m not a dealer, just a private buyer wanting to purchase a car vehicle through an auction house. I live in morganton N.C. Is there any legit sites to go through or does anyonr know of or how to get into auctions locally…thanks
latitude answers:
Www.adesa.com or manheim.com

Thomas asks…
Why dont more people just buy their cars at auctions instead of paying a dealer a sizeable profit?
can most anyone go to an auction and buy cars for very small amounts compared to what you would pay at a dealership? why most people dont do this?
how much more do dealers often mark up the price after buying at auctions? and IS THIS REALLY ETHICAL TO MARK UP THAT MUCH? WHY?
latitude answers:
I don’t know either, as long as the car has service history you can buy exactly the same warranty that the dealer will give. You can buy 3 year old cars at 2 or 3k cheaper in the auction. All I do is watch the car when it is started before they drive them through, if it starts ok I then check that it hasn’t leaked anything.
If you time it correctly, March / September you get the company lease vehicles going through and can really pick up a bargain as they always are serviced and well maintained.

Betty asks…
why dont more people just buy their cars at auctions instead of paying a dealer a sizeable profit?
can most anyone go to an auction and buy cars for very small amounts compared to what you would pay at a dealership? why most people dont do this?
how much more do dealers often mark up the price after buying at auctions? and IS THIS REALLY ETHICAL TO MARK UP THAT MUCH? WHY?
latitude answers:
Buying at an auction is fo those who have enough knowledge of the product and its pitfalls.
Eg a large number of vehicles have mileages ‘clocked’ . Non disclosed damage and other issues.
Insurance. Tax etc and moving a vehicle can be problematic.
This is ideally suited to business buyers whom are ste up to trade in this way.
If you wish to make an offer it is easily possible. Make sure you can arrange both tax and insurance or move vehicle on a trailer before offering to purchase.
Make sure you are aware of a cars faults. What to look for,. What you can check ( not allowed to drive any) etc and be ready to have bought a ‘lemon’. If taking due care etc it is possible to save cash. Much a a dealers higher costs are due to transport, serving, repairs needed ,labour,time etc all necessary to conduct a business. Lumped together are called overheads.
They also have to offer recompense under law if selling etc so warranty costs and so on can be considerable.
Hence mark up seems high but in reality profit per vehicle can be as little as an average of 5% over a years trading.

Donna asks…
what is a good website to buy cars from auctions at very low prices?
i’ve heard that car dealers buy cars from auctions at a fraction of the price in which they sell them. Any one have previous experience at buying from auctions and websites that are legit? thanx in advance
latitude answers:
That’s true. But there are plenty of public auctions you can go to that don’t require you to have a dealer’s license. Most of them are free to attend too.
Http://www.mycarauctionreview.com has reviews on a couple of cheap car auction sites you can use.

Sandra asks…
What do I need to buy cars at auctions?
I want to buy less then 5 cars a month. I own an auto body repair shop. I was told i need a dealers license but when I looked into it, the secretary of states office told me that i had to actually have a dealer in order to buy cars at an auction. I dont want to open a dealer, i just want to buy a couple of cars a month to keep my employees busy during slow times. Is there a different type of license to do this or any auctions where i dont need to have a dealer license that are open to the public. I live in Illinois.
latitude answers:
Hi
You can get really good cheap cars from auctions , you will find thousands of different auction and repo cars of all kinds of models really cheap at http://www.carauctiondeals.com
Hope this helps
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