Buying cars at auctions

Worked at an auction a while back. you need a dealer license to buy or sell. or know someone with a license.

 

You need a dealers license for most auctions. And the ones that let non dealers buy, expect to pay high enough of a price that there is not much left over to flip it. This market is so saturated that even dealers aren't making much off of cars now. You are better off searching craigslist for deals now lol

 

Are you planning to work on cars yourself or pay a mechanic to do the work?

 

I am a licensed car dealer and also a licensed motor carrier.
It works for me because if I can't fill my trailer a lot of times I will buy at the auction and finish my home load out.
Also having an auction access card allows me to move freely in and around in the auction houses.
It also allows me to do some market research when I have a broker quote me on moving one of my own cars out of the auction to home.

 

Depends on which state. Some states require an license , some do not.

 

I can buy up to 10 cars a month....
My home bussness is a transmission/general repair shop with towing and auto sales.
We also are a fisher plow dealer and uhaul dealer along with my motor carrier.
My wife runs the shop and the auto sale when I am on the road.
Is it worth it?
I guess but it's a lot of work that's for sure.

 

I do it. VA you can sell up to 5 a year, no license