You’ve probably either seen people advertising them or you may have even looked into buying cars through auto auctions. But my bet is that is about as far as you have gotten. I only say that because if you are like me and 95% of America you were pretty quickly turned off by either hearing or reading the words “MUST HAVE A DEALER LICENSE TO PARTICIPATE.” Let me tell you I was turned off in a major way.
I mean who wants to pay the government for the right to do yet another thing under their complete control? And who has the money to pay for things like dealer licenses when all you want is a good deal on an automobile? After all, you aren’t going to actually profit from it. There’s another thing too! Who wants to go through all the rigmarole of the licensing process required for the auto auctions with credit checks and background checks and the new numbers you have to memorize and the new tax documents you have to fill out? I surely don’t have the time or the energy for adding another huge pain in the ass to my already long list. Do you?
Well thankfully, for the both of us, there are people who aren’t as willing to be discouraged in the face of a little of adversity–especially when the potential for huge money savings is on the line! Probably one of the best and probably the luckiest things that I ever did was to marry my wife. She is one of these people!
We were both sitting in front of the TV late one night flipping through a lot of crap when an ad came on for buying “police seized cars at pennies on the dollar!” This ad for government auto auctions caught our attention because I had just been laid off, and we had just smashed our only car into a deer a couple of days before. We were in bad shape financially and my wife needed a car pronto in order to keep her job. Well like I said, I went and got online to check this auction company out and as soon as I saw that a dealer license was required I gave up. My wife on the other hand decided that it wouldn’t hurt to make a few calls and see what was all involved.
I’ll say it again, boy am I glad I married her because by making that call she got us out of a tough spot. You see what she learned was that the dealer license was no big deal it was simply a trip down to the Secretary of State, write a check, and take home your license that day. You could even get a temporary license if it was just going to be a one time purchase.
Well to make a long story short, we ended up getting a temporary license, went to an auction and came away with a beautiful vehicle for pennies on the dollar and sold it 6 months later for a nice profit. When I saw how easy it was, I decided to do it for my new job and have been doing it ever since.