Forum Thread

Buying a car at an auto auction (like Manheim)

11 10 September 30, 2017 at 06:54 PM
Hello,

I was looking to buy a few cars from auction but I don't know how to start. Could someone please help me learn about the process and how to get started.

Thanks!

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Joined Dec 2014
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#2
Maybe try asking in Deal Talk. Mods might remove this post.

https://slickdeals.net/forums/forumdisplay.php?f=30
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#3
Quote from zata
:
Hello,

I was looking to buy a few cars from auction but I don't know how to start. Could someone please help me learn about the process and how to get started.

Thanks!

Generally need a dealers license, for this or carmax auctions. If your friendly with a dealer he can let you use his license for a small fee
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#4
Here in Florida you can buy co-dealer license from established dealer. The one I know of charges $500 buy in, plus about $200 for a dealer tag and ID, then a $75 buy fee for all cars purchased under his blanket. You can only run 8 through your name per year but they have another dealer that does the title work for $125 and keeps it out of your name. It sounds like a lot of trouble and money, but some of these beaters are bought dirt cheap..like 300-700 and sold for 1500 and up. A friend of mine has been doing this for about a year and he made enough he quit his regular job. He usually buys 3-5 cars per week and has 5-10 cars on hand. He's trying to get a small lot to do the buy here / pay here deals.
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#5
Quote from mrpickem
:
Here in Florida you can buy co-dealer license from established dealer. The one I know of charges $500 buy in, plus about $200 for a dealer tag and ID, then a $75 buy fee for all cars purchased under his blanket. You can only run 8 through your name per year but they have another dealer that does the title work for $125 and keeps it out of your name. It sounds like a lot of trouble and money, but some of these beaters are bought dirt cheap..like 300-700 and sold for 1500 and up. A friend of mine has been doing this for about a year and he made enough he quit his regular job. He usually buys 3-5 cars per week and has 5-10 cars on hand. He's trying to get a small lot to do the buy here / pay here deals.
Thanks for sharing, i'll have to look into the co dealer license here in CA. If someone local has a dealer recommendation, let me know. Thanks
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#6
Not hard to obtain your own.
Apply for a business name & tax id [license] iaw your local state ordinances.
Register an account with those online auctions under your recognized business.
Bid accordingly.
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