How to use salvage auto auctions to make profit

By Philipanthony

Rate: (2 Ratings)

Its incredible feeling making a good sale and haveing few extra $1000 in your bank account. So i will get straight to it and tell you how i do it.There are a few ways but this is my way. Firstly you Will need to sign up for an ebay account. You can find this at Ebay.com or Ebay.co.uk if you ar in the Uk. at the top of the page it says welcome sign in or register. Well click on register and register all your information and follow the prompts.Excellent you now have an ebay account. Now i suggest you head over to paypal.com and register there too as you will need this to buy your first salvage car. its easy and free.Excellent you are now ready to build a car salvage business. So head over to ebay again and in the search bar type in "damaged cars". I use damaged cars as a reference as it gives me the biggest selection. Now this part can take awhile, finding the right deal for you. i like to deal with more expensive cars as they will bring in the best return. Its not too difficult to read the market. The best way i get a handle on the prices is to buy an autotrader, this will give you a good idea on how much you can sell it for. What i will do here is once i have found a a good deal i will print off the pictures of the damage and take these to auto repair places. I will then find the best possible quote for repairs. Once i have the best price i will make my calculations using autotrader to see what i could possibly sell for and if the maths adds up i will purchase the car and send it straight in for repairs. of course if you can do this yourself all the better. Then just before the car is finnished i will put it back on ebay and generally before you know it the car is sold and and a few extra $1000 is mine.

Instructions

Difficulty: Easy

Things You’ll Need:

  • computer
  • internet connection
  • credit card
  • paypal account
  • Ebay account

Step1
Set up an Ebay account
Step2
Set up a paypal account
Step3
Make loads of money

Tips & Warnings

  • I have found the best deals to be with Bmw or Mercedes
  • Dont be to hasty when you find a good deal cause sometimes it can be too good to be true. Check all the details first before you buy

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eHow Article: How to use salvage auto auctions to make profit

eHow Member: Philipanthony

Philipanthony

Novice Novice | 100 Points

Category: Cars

Articles: See my other articles

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