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If you’re thinking about flipping used cars for a profit, you’ll likely want to attend an auto auction at some point. Auto auctions can be a great place to find used cars to flip, but it’s important to know what to expect before you go. Here’s a look at what you can expect from the typical auto auction experience.

Research the auction:

The first step is to research the auto auction you’re thinking about attending. You’ll want to find out what kind of cars are typically sold there, what the buyer’s premium is, the fee you’ll have to pay the auction house for each car you purchase, and what the payment methods are (cash, check, or credit card).

Get a bidder’s card:

In order to bid on cars at the auction, you’ll need to get a bidder’s card from the auction house. You’ll need to present a valid ID in order to get the card, and you may have to pay a small fee for it.

Inspect the cars:

Once the auction begins, you’ll be able to start inspecting the cars that are up for sale. It’s important to take your time and inspect the cars carefully; as you won’t be able to test drive those before you purchase them.

Place your bid:

When you find a car you want to purchase, simply raise your bidder’s card to place your bid. The auctioneer will then start the bidding at the next increment.

used cars in reno

Pay for your car:

If you’re the winning bidder on a car, you’ll need to pay for it within a certain time frame. The auction house will usually accept cash, check, or credit card.

Pick up your car:

Once you’ve paid for your used cars in reno, you’ll need to pick it up from the auction house. Most auction houses will allow you to take your car with you on the day of the sale, but some may require you to pick it up the following day.

Get it inspected:

Once you have your car, it’s a good idea to take it to a mechanic for a thorough inspection. This will help you identify any potential problems that you’ll need to fix before flipping the car.

Conclusion:

Auto auctions can be a great place to find used cars to flip, but it’s important to know what to expect before you go. By following these steps, you’ll be able to navigate the auction process with ease and have a better chance of finding a flipping car that will be profitable.