Apr
22

Your Questions About Govdeals

Betty Your Questions About Govdeals

Betty asks…

Looks like I may win an auction for a used utility trailer in Govdeals.com problem is its in /Tampa,fl I ‘m in?

NC what is the procedure to allow me to transport this trailer legally

latitude answers:

Need a truck to pull it or a trailer to put it on. To get it home. If it is a government auction. You might want to Take something like a flat bed to bring it home. Most Gov. Auctions i have been to Everything you buy is as is where is with no warranty. And once you pay for it it is your responsibility to get it moved. And as long as you have the paperwork that says you got it at an auction you should have no problem in transporting it.

Lizzie Your Questions About Govdeals

Lizzie asks…

Whats needed to register a seized vehicle in Louisiana?

I bought a seized vehicle out of state, not my first 1, but not everyone types up a new title for you. I furnished DMV paid receipt, GovDeals Buyer Certificate,Order of compromise and settlement, Notarized bill of sale, and Dept of safety odometer statement. They say I need original title, but thats impossible as it was seized!!

latitude answers:

Take all that paperwork to the DMV in the state where you purchased it and they should issue you a title. With that title in hand you can transfer it to any state.

Laura Your Questions About Govdeals

Laura asks…

What resolution is the RCA tv Model VJM2023S?

i have it and i want to know what resloution it is any help?
to see a picture of it heres the link

http://www.govdeals.com/index.cfm?fa=Main.Item&rd&itemid=261&acctid=1581

the tv not the other stuff

latitude answers:

There are two points.

Firstly, this is an analogue TV set and doesn’t have a resolution in the modern sense of the word. It doesn’t have a VGA or HDMI socket and even if you managed to get some type of adaptor, it wouldn’t do you much good.

Secondly, given its age, I would hazard a guess that even if it was hardly used, the focus will not be perfect and if it has been used then the focus will have spread and the phosphor coating on the inside will have lost a lot of its magic over the years.

It’s a 1984 TV. In 1984, TV’s were not focussed well.

If you want it to watch old betamax movies, then I guess it’s fine but if you want it for gaming or blu-ray then forget it.

Hope this helps.

Chris Your Questions About Govdeals

Chris asks…

Confiscated Vehicle Auctions in Ohio?

I need info about where these are and when they happen? i’m ok with online auctions too… already found the govdeals website.

Thanks!!!

latitude answers:

The auction was open to the public. Buyers had to put down a 10 percent cash deposit and pay the balance in seven days.

For more information call 216-623-5065.

Most of the vehicles were seized in drug cases. The money from selling cars involved in criminal cases goes into a police fund for equipment. The cash from the other cars goes to the city. The city does not warranty the cars, which are sold as is.

Try that number.

Jenny Your Questions About Govdeals

Jenny asks…

Can I sue a county clerk office for not sending a car title?

So my uncle recently bought me a car from that govdeals.com thing well over a month ago. He promptly filled out title work for it, and it still isnt here. It has been well over the 15 days of processing it said should take. This whole thing has been a headache, and you’d think they could accomplish something as simple as a car title. I’ll probably have to go in request a lost title which would probably be more bs and wasted time on our part. But we just feel slightly irritated considering this is a service in which the government provides. My main question is if the title doesn’t get here promptly do we as a citizen haev a right to sue or something of that nature, the county clerk for not issuing a title…bought from them.

latitude answers:

Be patient, most government offices are 6 to 8 weeks behind on processing motor vehicle paperwork and you cannot sue them.~

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Apr
10

Your Questions About What Can You Buy At A Car Auction

Robert Your Questions About What Can You Buy At A Car Auction

Robert asks…

5 questions school project?

List of five questions asked to help understand requirements’ based on what she is looking for before she buys a car.
How did you get the car? Cars that are sold through an auto auction are not was it bought from another dealership? Cars that were traded in by the original owner are usually the nicest used cars usually as nice as trade INS. Sometimes dealers will sell cars to other dealers. Was it traded in on a new car? Was it bought from an auction?.
How many owners has this car had? The original owner usually takes better care of a car than someone who buys it used. One owner used cars are typically nicer cars.
Has the car ever been wrecked, flooded, salvaged, stolen or had the odometer rolled back?, I guarantee the used car manager does. Besides. Most anyone who has sold cars for a while can spot a car that has been wrecked from a mile away. It’s simple to run a CARFAX and see if the car has ever been wrecked The salesperson will usually try to avoid giving you a straight answer on this. You may get as answer like “not to my knowledge,” or “the person who traded it in assured us it has not.”

What is the value on this car? Nevertheless, the answer the salesperson gives will show how forthcoming they are going to be. This is one of those questions you should know the answer to before asking

Is the title with car?
If the dealer does’ have the title present get a firm commitment, in writing, as to when it will be available. If you cannot get a commitment, do not buy. Without the title present, you technically dealers are not supposed to sell a car that they do not have a title for, but it happens all the time. Of. A car. has been traded in that the previous owner owed money on the title may still be held at the bank could run into delays in registering your car and buying license plates

latitude answers:

When buying a car always look for rust, then oil leaks, then body condition, Miles done, Size of car. Always take for a test drive on the open road, I advise to get a mechanic to check it over.

Laura Your Questions About What Can You Buy At A Car Auction

Laura asks…

Any ways to get out of an upside down car loan?

I bought a car with my wife back in 2007. We used my current car and her car as a trade in. Unfortunately she had a lot of negative equity from her car that got tacked on top of the loan of our new car. Our payment was $600 a month for a $15,000 car. Which sounds riduculous but at the time it made sense because we were paying for it together and we were able to afford it. Also both of our previous cars together were about $750 a month. So we were saving. We ended up spliting in 2008 and I was stuck with the car. I’ve been trying to pay $600 a month by myself for the last 2 years and I can‘t do it anymore. I am still very upside down in the loan. The car is worth about $13,000 and the payoff is $24,000. The damn thing will die on me probably before I even pay it off. What makes the situation worse is that I don’t even need a car. I live a mile from work and I am in a very public transport friendly area. Continuing to try and pay for this car is just hurting me in every aspect. It is affecting my rent, my credit cards, my phone bills, my kids, just everything. Its costing me about $1000 a month including insurance and gas and to maintain it. Refinancing is not an option because I don’t even want it anymore. But I am stuck with it. I have considered just giving it back and dealing with the repo. Yes its a very bad ding on my credit that sticks for about 7 years. but at least I will be able to live my life and I wont continue to struggle like this. I do know that when you repo that they sell it at an auction and still come after you for the difference. but I just wont pay that either. I just can‘t afford this thing. My only worry is that when that happens do they take you to court over the remaining balance after it gets repoed? or do they eventually just give up, write it off and give you a really bad ding on your credit? If that is the case I am actually willing to take the ding and deal with it for 7 years. At least I will be able to get back up on my feet. And who cares about not being able to finance another car for 7 years. If i am saving $1000 a month I can save up for 6 months and just buy a used car in cash. Please I would like to hear opinions.
Yeah Alhaji Abu Isah auto loans doesn’t sound shady at all. Ha Ha Ha. Listen guys. You‘re not seeming to understand. We got the car together when we were still married. now I am stuck with it by myself and I can‘t even afford to live. What‘s the worst than can happen? They take me to court and garnish my wages? So what. I’d be stuck back in the same position I am in right now, which is having to pay it off. At least if they take it then it will probably take quite awhile for everything to take effect. I can‘t afford this damn thing. Its affecting my rent, my child support, my cc cards, everything.

latitude answers:

Refinancing would not be an option because the bank will not write a new loan with that much negative equity being tacked on. Banks are not overallowing right now due to the credit crunch. So, as you mention, that’s out.

Selling the car for your payoff will be impossible, unless you find that one buyer who has no idea of vehicle values.

Giving the car back to the lender (a “voluntary repo”) carries the same stiff penalties as the one involving tow trucks. You WILL get hit on your credit report, and it will stick with you for 7 or more years. Your car will get sent to auction, where it will fetch pennies on the dollar. Let’s say they get $8K for it… That leaves you with a balance of $16K. They will come after you for that balance. If you cannot pay this, they will take you to court and obtain a judgment against you (hint: when they present you with a bill for the balance after auction, hire an attorney THEN, assuming you’re going to go the repo route). Depending on what state you live in, the judge can order wages or assets garnished to meet the debt. When you’re done with this, you’ll end up with a repo, a judgment, and debt against a car you no longer have. And, collection efforts and court dates have actually RISEN in the past year, showing a trend that lenders are not “giving up” and writing stuff off. Since you are so far upside-down, it actually works against you in this situation. If you only owed a few thousand, and the car went to auction, the lender might not find it worthwhile to go after the monies owed. However, they are going to go after $16K or more.

Lesson learned… Rolling over negative equity to a new loan (even if it saves a few bucks at the outset) never pays off.

There is never an easy way out of negative equity. You’re $11K or more in the hole, and no magic way exists to erase it. Tighten the belt.

Not meaning to be harsh, but folks come on here often asking about the quick-and-easy way out of this, and it doesn’t exist. One of the main reasons we are in this pseudo-recession is because banks were allowing loans with negative equities rolled in for years, and this is the result. There are millions of folks stuck in their cars right now.

**Edit — “You’re not seeming to understand” — What is supposed to be so difficult about your situation? Sounds like you’ve already decided to take the voluntary repo route, and giving up. So be it. You’ll accept terrible credit for 7-plus years, and will still be out the money, even if the court system takes months or so.

But the majority of us answered your question… There is no easy way out of negative equity. What answer are you wanting to hear? Lenders are cold-hearted. They don’t just let things slide.

Don’t brush off everyone’s advice simply because they’re not telling you what you want to hear. Your question is simple to understand, your situation is simple to understand… Don’t treat us like we’re stupid simply because there is no easy way out of your pickle.

John Your Questions About What Can You Buy At A Car Auction

John asks…

towing auction questions?

I’m planning on buying a car from Gary’s towing at one of their monthly auctions, I have 3000 to spend. What‘s are some good things to look for in a car, mechnical wise, exterior, as you can‘t turn them on, and can only ask the driver at the auction to rev the engine, etc, I’m sure you know, what are good things to look for and what‘s the best I can get for 3000?

latitude answers:

You better stay away from the auction’s and take your 3000 and go find a decent car that you test drive and have checked out by a mechanic.

Sandy Your Questions About What Can You Buy At A Car Auction

Sandy asks…

what kind of insurance should i get for this car?

yesterday i bought a car!!!!! i got it at a dealers auction so that means i paid what a car dealer pays before they sell it at their yard so i got an amazing price, i paid $5,300AUS
here are the cars details:
First Registered 2000
Make/Model MAZDA 626 GF CLASSIC
Rego Expiry Date 07/01/10
Engine Specs 2.0 EFI
Body SEDAN
Built Date 11/99
Transmission M5
Colour BURGUNDY
Odometer Reading 113209

what i’m not sure about is the kind of insurance to get. this isn’t the worlds greatest car and i’m a uni student so i have very little money and can‘t even pay for this car outright so i will be paying it off for about 1.5-2months.

i’m definitely getting 3rd party insurance so other people are covered if i hit them but should i bother getting my car insured? i’ve had my licence for 3 years (you can‘t get your licence in australia until you‘re 18 so i’m 21 now) and i’ve never had a car accident. so should i get my car insured and if so how well insured?
thanks! any opinions would be wonderful!
you guys must do things a bit differently, my medical and car insurance are totally seperate, i’m 100% covered for medical and have ambulance insurance too. it’s just the car insurance i’m concerned with, i’ll definitely have 3rd party so anyone i hit is 100% covered, it’s just i don’t know whether it’s worth getting such a cheap car covered or if it gets hit i should just get a new car

latitude answers:

If it worries you,, just try going for fire and theft.

Steven Your Questions About What Can You Buy At A Car Auction

Steven asks…

Flipping cars for profit?

I’m going to buy a car at a auction, and flip it, but i have some questions, hopefully one of you can give me some of your experienced advice. I’m thinking if its a cracked bumper or bent hood, i can still buy it, cause those things are not hard to replace. And i was focusing on the ford focus, they are cheap and dependable. But right now i only have 800 dollars to leverage, what types of cars can i start off at? I see dodge neons sellings for 150-300, but those have horrible resale value, can one of you give me your system, or some advice on how i’m going to do this? i have a plan set up and everything, just could go for some more info.
and when i sell it, how do i get around the fact that i bought it on a auction, do i go,” well i bought it at a auction, the bumper was cracked” wouldn’t that bring the deal to a stop?
well its autopac, in canada, its not wrecked, i think the cars are from accidents autopac has taken, or from people who didn’t pay parking tickets, and so it comes to that auction

latitude answers:

If you are only planning to spend 800 dollars you are most likely at a salvage auction. Translation the auction is selling the car as a salvage vehicle or for parts only. You need to make sure an auction vehicle you choose has a title free and clear and the title is not stamped a salvage title. If the title is a salvage title the state would not allow you to register or sell the vehicle for any thing other than parts. You need to find out you specific state laws before you take the plunge. Also, many states and some major cities still have emissions testing. If the car can not pass an emissions test again it can not be registered. Do your research before you decide how to handle a potential buyer. The car may not be able to be resold under state law for transportation purposes.

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Apr
10

Your Questions About What Can You Buy At A Car Auction

Daniel Your Questions About What Can You Buy At A Car Auction

Daniel asks…

5 questions school project?

List of five questions asked to help understand requirements’ based on what she is looking for before she buys a car.
How did you get the car? Cars that are sold through an auto auction are not was it bought from another dealership? Cars that were traded in by the original owner are usually the nicest used cars usually as nice as trade INS. Sometimes dealers will sell cars to other dealers. Was it traded in on a new car? Was it bought from an auction?.
How many owners has this car had? The original owner usually takes better care of a car than someone who buys it used. One owner used cars are typically nicer cars.
Has the car ever been wrecked, flooded, salvaged, stolen or had the odometer rolled back?, I guarantee the used car manager does. Besides. Most anyone who has sold cars for a while can spot a car that has been wrecked from a mile away. It’s simple to run a CARFAX and see if the car has ever been wrecked The salesperson will usually try to avoid giving you a straight answer on this. You may get as answer like “not to my knowledge,” or “the person who traded it in assured us it has not.”

What is the value on this car? Nevertheless, the answer the salesperson gives will show how forthcoming they are going to be. This is one of those questions you should know the answer to before asking

Is the title with car?
If the dealer does’ have the title present get a firm commitment, in writing, as to when it will be available. If you cannot get a commitment, do not buy. Without the title present, you technically dealers are not supposed to sell a car that they do not have a title for, but it happens all the time. Of. A car. has been traded in that the previous owner owed money on the title may still be held at the bank could run into delays in registering your car and buying license plates

latitude answers:

When buying a car always look for rust, then oil leaks, then body condition, Miles done, Size of car. Always take for a test drive on the open road, I advise to get a mechanic to check it over.

Betty Your Questions About What Can You Buy At A Car Auction

Betty asks…

Any ways to get out of an upside down car loan?

I bought a car with my wife back in 2007. We used my current car and her car as a trade in. Unfortunately she had a lot of negative equity from her car that got tacked on top of the loan of our new car. Our payment was $600 a month for a $15,000 car. Which sounds riduculous but at the time it made sense because we were paying for it together and we were able to afford it. Also both of our previous cars together were about $750 a month. So we were saving. We ended up spliting in 2008 and I was stuck with the car. I’ve been trying to pay $600 a month by myself for the last 2 years and I can‘t do it anymore. I am still very upside down in the loan. The car is worth about $13,000 and the payoff is $24,000. The damn thing will die on me probably before I even pay it off. What makes the situation worse is that I don’t even need a car. I live a mile from work and I am in a very public transport friendly area. Continuing to try and pay for this car is just hurting me in every aspect. It is affecting my rent, my credit cards, my phone bills, my kids, just everything. Its costing me about $1000 a month including insurance and gas and to maintain it. Refinancing is not an option because I don’t even want it anymore. But I am stuck with it. I have considered just giving it back and dealing with the repo. Yes its a very bad ding on my credit that sticks for about 7 years. but at least I will be able to live my life and I wont continue to struggle like this. I do know that when you repo that they sell it at an auction and still come after you for the difference. but I just wont pay that either. I just can‘t afford this thing. My only worry is that when that happens do they take you to court over the remaining balance after it gets repoed? or do they eventually just give up, write it off and give you a really bad ding on your credit? If that is the case I am actually willing to take the ding and deal with it for 7 years. At least I will be able to get back up on my feet. And who cares about not being able to finance another car for 7 years. If i am saving $1000 a month I can save up for 6 months and just buy a used car in cash. Please I would like to hear opinions.
Yeah Alhaji Abu Isah auto loans doesn’t sound shady at all. Ha Ha Ha. Listen guys. You‘re not seeming to understand. We got the car together when we were still married. now I am stuck with it by myself and I can‘t even afford to live. What‘s the worst than can happen? They take me to court and garnish my wages? So what. I’d be stuck back in the same position I am in right now, which is having to pay it off. At least if they take it then it will probably take quite awhile for everything to take effect. I can‘t afford this damn thing. Its affecting my rent, my child support, my cc cards, everything.

latitude answers:

Refinancing would not be an option because the bank will not write a new loan with that much negative equity being tacked on. Banks are not overallowing right now due to the credit crunch. So, as you mention, that’s out.

Selling the car for your payoff will be impossible, unless you find that one buyer who has no idea of vehicle values.

Giving the car back to the lender (a “voluntary repo”) carries the same stiff penalties as the one involving tow trucks. You WILL get hit on your credit report, and it will stick with you for 7 or more years. Your car will get sent to auction, where it will fetch pennies on the dollar. Let’s say they get $8K for it… That leaves you with a balance of $16K. They will come after you for that balance. If you cannot pay this, they will take you to court and obtain a judgment against you (hint: when they present you with a bill for the balance after auction, hire an attorney THEN, assuming you’re going to go the repo route). Depending on what state you live in, the judge can order wages or assets garnished to meet the debt. When you’re done with this, you’ll end up with a repo, a judgment, and debt against a car you no longer have. And, collection efforts and court dates have actually RISEN in the past year, showing a trend that lenders are not “giving up” and writing stuff off. Since you are so far upside-down, it actually works against you in this situation. If you only owed a few thousand, and the car went to auction, the lender might not find it worthwhile to go after the monies owed. However, they are going to go after $16K or more.

Lesson learned… Rolling over negative equity to a new loan (even if it saves a few bucks at the outset) never pays off.

There is never an easy way out of negative equity. You’re $11K or more in the hole, and no magic way exists to erase it. Tighten the belt.

Not meaning to be harsh, but folks come on here often asking about the quick-and-easy way out of this, and it doesn’t exist. One of the main reasons we are in this pseudo-recession is because banks were allowing loans with negative equities rolled in for years, and this is the result. There are millions of folks stuck in their cars right now.

**Edit — “You’re not seeming to understand” — What is supposed to be so difficult about your situation? Sounds like you’ve already decided to take the voluntary repo route, and giving up. So be it. You’ll accept terrible credit for 7-plus years, and will still be out the money, even if the court system takes months or so.

But the majority of us answered your question… There is no easy way out of negative equity. What answer are you wanting to hear? Lenders are cold-hearted. They don’t just let things slide.

Don’t brush off everyone’s advice simply because they’re not telling you what you want to hear. Your question is simple to understand, your situation is simple to understand… Don’t treat us like we’re stupid simply because there is no easy way out of your pickle.

Lisa Your Questions About What Can You Buy At A Car Auction

Lisa asks…

towing auction questions?

I’m planning on buying a car from Gary’s towing at one of their monthly auctions, I have 3000 to spend. What‘s are some good things to look for in a car, mechnical wise, exterior, as you can‘t turn them on, and can only ask the driver at the auction to rev the engine, etc, I’m sure you know, what are good things to look for and what‘s the best I can get for 3000?

latitude answers:

You better stay away from the auction’s and take your 3000 and go find a decent car that you test drive and have checked out by a mechanic.

Steven Your Questions About What Can You Buy At A Car Auction

Steven asks…

what kind of insurance should i get for this car?

yesterday i bought a car!!!!! i got it at a dealers auction so that means i paid what a car dealer pays before they sell it at their yard so i got an amazing price, i paid $5,300AUS
here are the cars details:
First Registered 2000
Make/Model MAZDA 626 GF CLASSIC
Rego Expiry Date 07/01/10
Engine Specs 2.0 EFI
Body SEDAN
Built Date 11/99
Transmission M5
Colour BURGUNDY
Odometer Reading 113209

what i’m not sure about is the kind of insurance to get. this isn’t the worlds greatest car and i’m a uni student so i have very little money and can‘t even pay for this car outright so i will be paying it off for about 1.5-2months.

i’m definitely getting 3rd party insurance so other people are covered if i hit them but should i bother getting my car insured? i’ve had my licence for 3 years (you can‘t get your licence in australia until you‘re 18 so i’m 21 now) and i’ve never had a car accident. so should i get my car insured and if so how well insured?
thanks! any opinions would be wonderful!
you guys must do things a bit differently, my medical and car insurance are totally seperate, i’m 100% covered for medical and have ambulance insurance too. it’s just the car insurance i’m concerned with, i’ll definitely have 3rd party so anyone i hit is 100% covered, it’s just i don’t know whether it’s worth getting such a cheap car covered or if it gets hit i should just get a new car

latitude answers:

If it worries you,, just try going for fire and theft.

William Your Questions About What Can You Buy At A Car Auction

William asks…

Flipping cars for profit?

I’m going to buy a car at a auction, and flip it, but i have some questions, hopefully one of you can give me some of your experienced advice. I’m thinking if its a cracked bumper or bent hood, i can still buy it, cause those things are not hard to replace. And i was focusing on the ford focus, they are cheap and dependable. But right now i only have 800 dollars to leverage, what types of cars can i start off at? I see dodge neons sellings for 150-300, but those have horrible resale value, can one of you give me your system, or some advice on how i’m going to do this? i have a plan set up and everything, just could go for some more info.
and when i sell it, how do i get around the fact that i bought it on a auction, do i go,” well i bought it at a auction, the bumper was cracked” wouldn’t that bring the deal to a stop?
well its autopac, in canada, its not wrecked, i think the cars are from accidents autopac has taken, or from people who didn’t pay parking tickets, and so it comes to that auction

latitude answers:

If you are only planning to spend 800 dollars you are most likely at a salvage auction. Translation the auction is selling the car as a salvage vehicle or for parts only. You need to make sure an auction vehicle you choose has a title free and clear and the title is not stamped a salvage title. If the title is a salvage title the state would not allow you to register or sell the vehicle for any thing other than parts. You need to find out you specific state laws before you take the plunge. Also, many states and some major cities still have emissions testing. If the car can not pass an emissions test again it can not be registered. Do your research before you decide how to handle a potential buyer. The car may not be able to be resold under state law for transportation purposes.

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Apr
10

Your Questions About What Can You Buy At A Car Auction

Maria Your Questions About What Can You Buy At A Car Auction

Maria asks…

Car Auctions? help please!?

I plan to buy a car at action in the next month, i’ve never done this before, can you offer me any tips, and things to look out for etc.
Also what car could i get for £1000-£2000 that will be a good runner, low maintenance and do the job for a couple of years until i can get a newer one.
Im looking to buy a medium sized car, good engine, for motorway driving etc. Have seen Citroen,Xsara nissan Almeria, Peugeot 406?????
suggestions, help and info please.

Cheers, Scout
Bill W and Jan409 thanks for your information, that will prove useful.
cheers

latitude answers:

Auctions are great for a bargain.
When you see a car you like, don’t be afraid to ask to see it, even when it is going through the auction room. Get a print out of all the cars from the office before the auction starts, this way you can go round and view the cars before they go through. Mark off the lot numbers of the ones you like, sit back and wait for them to come through.
It’s been a while since I went to one, but I believe you still get a short warranty after purchase.
You only need to look at the auctioneer and give him a nod or raise your arm a bit to make a bid, don’t look too obvious or else other bidders will be checking you out.
Wear some clothes that you’d expect a back street dealer to wear, that way you look experienced to other buyers.
The cars to go for would be anything japanese or german. Don’t go for a french car, you maybe lucky, but most are rubbish. Japanese and german and very well known as the best on the market.
Honda
BMW
Nissan
Volkswagen

you’ll have much more chance to be safe with those

Not really sure what the guy above me is on about, you can get some excellent cars from auctions, people sometimes need to get rid of cars for quick money, doesn’t mean theres anything wrong with them.
It’s always good to find the cars you like and go to the office and check over the paperwork.
Be very carefull that the car hasn’t been written off too.

Ken Your Questions About What Can You Buy At A Car Auction

Ken asks…

I am looking for investment ideas?

I do not want to invest in stocks, bonds, etc.

I am looking for short-term investment ideas such as buying cars at an auction and selling them on the side of the road, etc…

I have about $100k to invest into something, or many things, and I can‘t come up with any good ideas that will give me a short term return on my money…

Let me know what kind of ideas you have… Thanks!!!

latitude answers:

Investing in coke (the kind you snort) offers very high short term returns. About 20 : 1.

Nancy Your Questions About What Can You Buy At A Car Auction

Nancy asks…

Im Buying a Used Car From a Private Seller…?

at a very very good price! Now he says he has all the paper work on the car but when I told him I would buy it, just let me go to my bank and get the money, he said fine by the time you get back ill have the paper work ready. I took out the money and as I was heading back he called me and said, “I forgot the paper work in my other car if you wait for me I can go get it” I said fine ill wait. As I waited for him by the car I found alot of parking violations stashed in the back seat!! The guy told me he just bought the car from like a poline inpound auction thing. My question is, 1. If that car has multiple parking of moving violations, when I buy this car dose it make me responsable? 2. if thats the case how can I check if he dose owe money? 3.What else should I be looking out for at this time? I took the vin number down and told him I would be back tommorow he agreed. what can I do with the VIN? Carfax only tels me the history with crashes and stuff but what about this kind of stuff?
I also herd that if you buy a car from the inpound you have 10 days to register it or you get fees!?

latitude answers:

The tickets while are not your responsibility because it goes to the previous owner, that is the least of your concerns. The only reason he came clean is because you caught him, when ever I start to hear stories, it makes me concerned and in this case, even more. Lets look over the facts, we have a car that is impounded, the previous owner didn’t care were he park and probably didn’t care of anything else, so what makes you feel that he took care of the car. An inspection has it limits to the long term reliability of the car. As with car fax, it is just part of the decision process. So we have a questionable car, a questionable seller and a great price on a vehicle or is it. One too many stories for my liking. I think I would look elsewhere. Buy the way I buy and sell cars everyday. Good Luck Mark

Helen Your Questions About What Can You Buy At A Car Auction

Helen asks…

Have my car repossessed or what?

Ok…. So I am financing a 2002 Chrysler Concorde LX. I have only had it since February. Two days ago on the way to the beach out of no where my car makes this sound like rock in a coffee can being shook around violently, I was gonna pull over but I was in a bend and a cliff was on my side (If you been to Oregon you know what I mean). So I got around the bend going about 30 at the fastest as my car was violently shaking and a split second later the engine light came on, oil spilled out and a thick black cloud of smoke was flowing out from under the hood then I go uncontrollably into a shallow ditch. I had to spend $300 to get it towed 21 miles cuz it was $100 hookup fee plus $5 a mile and an off hour/ weekend fee to go 20 miles into the nearest town (Very small town with one tow company). I was gonna have my car towed to home, about 150 miles from home, but that would have cost over $740. So I rented a U-Haul and car trailer for $255 and did it my self. Our jobs have recently gone south so that money was for our insurance and car payment ( When we bought car we had GREAT good steady and long lasting jobs we thought). So now I have no money for insurance or car payment. I would just cancel my insurance and leave it in my garage, but since I am financing it that is illegal and I don’t go that way. The car financing place said I could do a voluntary repossession where they fix it and auction to try and pay for what is left on my loan, or I pay what they didn’t get. Basically I need to know what should I do? I was told to just fix it up, but I can‘t fix it nor can I pay the payments on it…. Any suggestions??

latitude answers:

The problem is the car. The concorde never got a decent motor, so fixing it will eventually be just a temporary fix. The finance company will likely send it to the auction as it is or just have the repossession company take bids on it. Had the car been a much newer car with a better likelihood of value when fixed they would put a motor in it to sell it. Sadly, you are in a very bad situation.

I see you have 2 options. Check out www.car-part.com and choose the motor in your car. Looks like a few close to you, one for $1000.

1.You could see if you could replace the motor (if you have the money or could get it financed) and keep the car or try to resell and get out from under the loan.

2. You can call the finance company and either arrange to pay on it in the garage without the insurance on it (usually they will let you do this if you surrender the license plates and sign a promise to not drive) until it is paid off or you can fix it or ask them to pick it up.

A tight situation, and I hope you are able to come out of it okay.

BTW, the finance company will sell the car at a large loss if they get it back either way and they will expect you to pay the difference, so something to keep in mind. And, if they do not agree to no insurance, they will put forced place insurance on it and set it up for repossession as you would be in violation of the contract.

Chris Your Questions About What Can You Buy At A Car Auction

Chris asks…

How many are saving up for a new car instead of financing one?

What would you like and how much does it cost? I’d rather save up a lifetime for a car than to finance another car again in my life. What a waste of hard earned money going to the bank. If you pay for it cash, chances are you‘ll get a rebate on it too. A perfect example of how rich get richer and the poor get more poor everyday. Right now, some poor person is buying a car only to have it financed through the bank, and some rich person is buying full cash down and taking it off the lot everyday, and he might even get a cash back rebate on it. One person (Rich) saved a lot of money and on top of that got some money back in return for being able to buy it cash down. WTF? LOL The banks are financing the poor person’s car, and if he/she doesn’t make the payments they can take it back at anytime and resell the car at an auction after they repossess. God Bless America.

latitude answers:

I got my car paid off and decided to actually enjoy no car payments for awhile and just drive the same car. It still looks and drives good. Man, its nice not to make a payment.

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Apr
10

Your Questions About What Can You Buy At A Car Auction

Thomas Your Questions About What Can You Buy At A Car Auction

Thomas asks…

how do you find out, and or buy vehicles with totaled titles ?

i am kind of a novice car rebuilder, and fixer uper, and i am trying to find out about what happens to cars and trucks after they are considerd totaled buy insure companys after a accident, i have heard they are sold at auction, and some times can be purchased very cheap, how can i find these cars and trucks that will be for sale ? is there a place on the net. 1 person told me to contact a insure company and ask them ??? i am not a pro at working on cars, but i have did body work and mecanics, and i do it way more for a hobie than to make money, i am afraid to buy these project cars from dealers because i feel as though they will rip me off, i dont want to be the fool. is there a chart are some thing you can go buy when buying cars with damage ?? what i look for are cars with body damage that i can hammer on and play with my porta power, and putty , and bondo. cars that have been totaled but are still in fairly good mecanical shape.

latitude answers:

Insurance company’s sell them to salvage yards,you can buy those through any salvage yard and re-do them,if there done right you can re-sale them for a good profit,but you have to have license to buy them,that’s why its best to buy through a salvage yards,they don’t require you to have a license to buy them,they can sell to anyone,good luck

George Your Questions About What Can You Buy At A Car Auction

George asks…

What can you do about odometer being rolled back in Texas?

I just bought a used car from a “private dealer”, or whatever you want to call him. In the ad it stated the car had 139,XXX miles on it but my brother in law ran a carfax report that said the car actually had 215,XXX miles when bought at an auction 2 weeks earlier. What can I do? I just bought this car yesterday, can I return it and get all of my money back? Should I call a lawyer? Help, please!!!

latitude answers:

I don’t see what the problem is. You live in Texas, just shoot the SOB!

John Your Questions About What Can You Buy At A Car Auction

John asks…

What to do about possibly buying this car?

I went to a dealership that said they would buy a car from a dealer auction for me, only if I say I will for sure buy it.

I call back today (because I only had 20 hours before the auction ends [at 4 pm today]) and they said “Well if you are on the scale of 1-10, about an 8 of buying it, then I can tell my boss to buy it. And then we can have it delivered here and as long as you test drive it and like the physical parts of it, you will buy it.”

So I basically have to tell him, before 3 pm today, and I don’t know what to do.

What should I do?!
Because if they get it in and then I decide I don’t like it, I will feel guilty and they will yell at me for making them buy a car that I didn’t want! And I will be guilted into buying the car!
I have already seen pictures of it. A Carfax with no broken history. One owner. No accidents. etc, etc.

They said they could buy it, I can come in and test drive it. But they won’t buy it unless I am about 80% sure I will buy it. So what should I do?
It’s a 2008 Pontiac Vibe, 22k miles. Power options. For $13,500.

As I said, Carfax history show no signs of anything bad. One owner, no wrecks. No odometer changed, etc.
This is a AutoMall place. But they don’t have any Pontiac’s. So that is why they said I have to be certain that I want it, before they buy it. Because since they are not a Pontiac place, they don’t want to order a Pontiac for their lot.
If they were a Pontiac place, this wouldn’t be this difficult.

latitude answers:

You could find a similar car from many sources, even going to these auctions yourself, for similar price.
You are under no obligation whatever happens to buy a car unless you sign a contract for the financing or give something of value in exchange for the purchase. But beware, the dealer may be trying to get you in the door with this car as bait, then switch for another car once they have you in their (salesmans) clutches.
First rule of dealing with car purchases, in fact most purchases, never let the seller know that you REALLY want what they’ve got, or you’re toast good luck

Chris Your Questions About What Can You Buy At A Car Auction

Chris asks…

My car makes a clicking sound when i accelerate? Other Problems too! I need a car genious!?

2000 Acura 3.5RL
179,150 miles

Just recently purchased at the car auction, has many dash “lights” on.
“Maint Requir” “VSA” “ABS” “SRS” and a triangle with an exclamation point in the middle yellow light.

Car was running great and still does just a few questions since my mechanic isnt open until tomorrow:
-What do all those lights mean? When i bought the car the dealer that was selling it told me the engine and tranny were “green light” meaning no problems
-When i accelerate normally starting this morning on my way to work there is a clicking sound coming from what seems like is right behind the vent where the heat comes out over the console it does not make the sound when i drop the gas pedal further. and it DOES make the sound when i go into reverse.
-When i shift down to reverse from park, it like “drops” down into reverse. like you feel it as if you had a hard shifting manual.

Any and all insight will be greatly appreciated so i can have some kind of idea what the problems are before i take it to my mechanic tomorrow afternoon. Thanks again!

latitude answers:

Auction took you to the cleaners. Now it’s your mechanic’s turn. Your wallet will soon be making a clicking sound. Lights are bad. Very, very bad.

Mary Your Questions About What Can You Buy At A Car Auction

Mary asks…

Is there good deals at Insurance Auction Auto Sales?

Im interested in going to insurance auto sale for wrecked and salvage vehicles. My question is are the prices low enough to fix the cars to profit money on! What are the popular cars to buy, fix and resale…I was thinking like civics and mustangs because u see them everywhere you go. Im just wanting to try and new route to make some money, I have experience in body work, welding and painting and can usually find good deals on parts…really i just wanna know how cheap the cars sell for….Note I just bought a Lexus rx 300 from a person who bought it from a insurance auction I paid 1900 for it! Anything Helps, Thanks

latitude answers:

You can make money.

You’re banking on the fact that many buyers (and they don’t) don’t understand that a salvage title destroys the value of the vehicle, even if it can be made to look and run good. Buyers at an insurance sale get this, which keeps prices cheap – buyers they sell it to often don’t.

If you’re good at body work and good at sales, you can make money.

Good luck!

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Apr
10

Your Questions About What Can You Buy At A Car Auction

Ruth Your Questions About What Can You Buy At A Car Auction

Ruth asks…

Is buying and selling cars a good business to get into?

My boyfriends friend does it and makes so much money. He goes to car auctions every week and buys a cars and pays someone to fix it up and sells it for more than what he bought it for and makes a decent profit. I’m tempted to give it a go but was told you need at least 5 or 6 thousand to get started, which sucks because I just don’t have that money. Was wondering if anyone does this or would happen to know any other business similar that you can profit from. No internet businesses please and nothing illegal! Thanks much…..

latitude answers:

I would wait. With this economy, car sales are wayyy down. Wait until things turn around.

John Your Questions About What Can You Buy At A Car Auction

John asks…

would you buy this car?

My uncle just started going to auctions with this guy he knows so they get some good deals on cars from time to time. The car I’m looking at is a 2006 chevy cobalt SS sedan. It has heated leather seats alloy wheels new tires, 55,600 miles. Asking Price 6500 book value 11,300. Now it was 7,000 monday but i didnt get it so they took 500 off. The problem is first its an auction so its hard to tell what happened to them. 2nd the tint needs stripped the back looks all frosted up and you can barely see out the back. Also the radio console lights dont work. It seems like maybe some1 else had an afterstock radio in it. So would you buy it? I mean thats the only things i’ve noticed just looking at it. Thoughts comments please thanks

latitude answers:

Difficult to tell, be careful as auction cars can be bargains but also it car can have defects you don’t spot unless you are an expert. Take someone who knows cars inside out to give it a check before deciding to buy.

Mark Your Questions About What Can You Buy At A Car Auction

Mark asks…

How do you buy a car from another state? 10points?

I found a car on ebay from Texas, I live in Michigan. I asked how I can buy the car from him and this is the response..

A non refundable deposit of a minimum of $1,000 is required from the buyer at the time of purchase. The remaining balance is due 5 to 7 days after the auction closes and once payment is complete the title will be signed over to you. The method of payments accepted are through bank wire transfer at the buyers expense, or by a certified bank check which will be held until it has cleared. Once the transaction of payment is complete the title will be signed over to you

The problem is what happens if I pay all the money and “runs”. How am I sure that does not happen? I will give 10points for best answer, thanks.

latitude answers:

It’s not a wise thing to buy anything sight unseen. People have been known to tell a whopper to sell something and pictures may be of another car of the same model.

Nancy Your Questions About What Can You Buy At A Car Auction

Nancy asks…

i wanna purchase a car??????????

so im 17 years old going to be 18 in april.i have 2,000 and i wanted to know if i could purchase/put down money on a car from a dealership or an auction with no credit?

i dont have any credit yet because im just turning 18 in april.

and also when you buy a car from an auction do you still have to pay car notes every month? or what?

i already know that i need an co-signer if i want to get a car but do i still need one if i get a car from an auction?

and how much do cars at an auction usually cost? can 2,000 be enough?

latitude answers:

Check with your bank or credit union, some will give a pre approved loan.
Depending what kind of car you want 2000 might be able to get you a decent car.
Look for on line auctionss in your state, they auction off state vehicle that are well taken care of.

Charles Your Questions About What Can You Buy At A Car Auction

Charles asks…

Please help! What should my mom do?

2 weeks ago my mom bought a 2000 kia sephia sedan and it had no guarantee on it. She needed a car right away since her last car broke down and she needed a car for work. This car that she bought cost $2,500 and she bought it at a whole sale place where they buy cars from the auction. Now 2 weeks later this car broke down and she has taken it to a lot of mechanics and they fixed it but it broke down again. Again she took it to the mechanic and the mechanic said that they don’t know what the problem is of the car. Now my mom is renting a car and she can‘t take it that she spends a lot of money and she would like to get a new car with cheap monthly payment and no down payment if possible. She doesn’t want a car that is on lease. Please help! what do you suggest she should do?

latitude answers:

Buy a car that costs more than $2500 and isn’t at a wholesale place, obviously.

Seriously. All those cars are, are the crap that owners leave behind. If they were quality cars, they wouldn’t be tossed around at auctions and bought at whole sale.

Your mom is making poor purchasing decisions, and having to pay significantly more for it, than if she had just bought a better quality car in the first place.

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Apr
10

Your Questions About What Can You Buy At A Car Auction

Chris Your Questions About What Can You Buy At A Car Auction

Chris asks…

Hi can anyone give me some tips on buying a car from a car auction.?

on the engine you see cars running with condensation coming out the exhaust at what temperature should this go away or is it using water how can you tell.

Cheers
Mike

latitude answers:

I have used auctions from a trade perspective and before you even start, its very important to pick the right auction. Go to a big name auction house ,BCA is very good, they have auctions all over the country.
Once you have picked a car you are interested in you should consider why it is at auction. If the MOT is expired or near to its end maybe there is a significant failure that you dont know about. Can you verify the mileage with service history etc, it is likely that the mileage may not be warranted so be very carefull about this.
Try to have access to some kind of price guide. Trade will use Glasses or CAP but as a private individual you probably wont have an up to date guide. If you have a guide that is out of date, even one month old DONT USE IT trade prices change monthly and a £500 drop on a £5000 car is not unusuall at certain times of the year. If you dont have any guide then go and buy Parkers price guide from a newsagent but be aware that its no accident that traders dont use this guide. Usually Parkers guide will value cars 10% higher than CAP or Glasses.
Most important of all, be prepared to walk away. Set your limit and stick to it. Even reputable auctions may have ‘plants’ in the crowd to up the bidding. Think im joking ?? I assure you I’m not !!!! Ive seen cars ‘bought’ buy private individuals only to apear back in the line up the following week with the same buyer bidding on it.
Finally, dont spend too much and be realistic about what you’re going to get. Remember the best cars will get sold to trade before they even get to auction.
Good luck !!!

William Your Questions About What Can You Buy At A Car Auction

William asks…

Need a little help choosing the right car, feel like a freshman at this?

Please read the following and add your ideas and comments. Comments on anywhere you think im thinking wrong or am doing something wrong such as looking in the wrong places to buy a car etc. will be greatly greatly greatly appreciated, seems like noone around me can make up their mind to give me any suggestions and its pretty frustrating =X

I want to buy a car. Im 18 and live in Brooklyn. I have a spending cap of 10k, dont think i can afford much more than that, and i will finance the car. I looked on Craigslist and heres what i found for 10k…

2003 BMW 530i with an average of 100k miles
OR
2003, 2003 BMW 330i with an average of 100k miles
OR
2006 Dodge Charger with about 80-100k miles

Personally i really like these cars bc they are quick, visually pleasing, and comfortable
Im going to be financing it

If you can please make suggestions in these particular fields:

1) Craigslist? Autotrader? or a car auction?(I can get car dealer license

2) Any comments on the cars and the particular year model im trying to get?

3) Best financing options?

4) ANYTHING AT ALL!!!

P.S. Thanks in advance to all your responses, you people are helping me with a major life step that will happen in about a month.
1) Forgot to mention that i want my first car in stick, or manual transmission

2) Sorry if the title makes it look like a shopping guide for freshman car shoppers that question mark was an accident lol

latitude answers:

With Japan’s current deadly quality problems for get Toyota, Honda or Nissan and stick with American or European cars.

Remember the problems with Japanese cars right now aren’t just expensive to fix THEY KILL YOU……..

Mary Your Questions About What Can You Buy At A Car Auction

Mary asks…

What and how the quickest method do salesperson does to ensure car is good conditions for trade in?

If you buying car from dealership, I seen saleperson do a testing and looking at cars before accept as trade in or not and for what amounts.

I mean I seen saleperson went in that car and spend 5 minutes driving that car and take a couple of minutes looking around.

I mean saleperson is not mechanics experts so how do saleperson ensure they will make profit with not much works before put it on retail.

Can you tell me what step and methods they do to take a quick looks? So I can do same when buying a car.

I mean they do that all the times for trade in and also buying several cars from auctions without testing and inspection that car.

latitude answers:

Usually managers will test drive a car and then put an ACV on it. (Actual Cash Value)

They don’t spend lots of time on it because they are not offering top dollar. Their objective on a trade is to facilitate the sale of the new(er) car.

They rarely lose money on their trade ins overall. They might lose a hundred or two on one but make it up on others.

When buying expensive cars at high prices from auctions, cars are usually guaranteed to be free of major problems. That way they can buy without having to check it out until after.

Helen Your Questions About What Can You Buy At A Car Auction

Helen asks…

best place to buy a used car?

Is it true that you can buy good used cars at police auctions or just regular auto auctions for CHEAPER than through any car lot and some private sellers? I’m thinking of buying a classic muscle car when i get home, and im just figuring out what the best route might be. Thanks guys n gals!!

latitude answers:

Ebaymotors.com. I’ve seen some police auction vehicle that look like crap… Usually the only nice cars are from drug dealers or something. I kinda doubt you’d find muscle cars at a police auction. I really would try ebay, or something.

David Your Questions About What Can You Buy At A Car Auction

David asks…

i need some advice in the car auction department for you guys out there that know anything about it.?

this acquaintance that i know who i am doing a video production job for also has a dealer’s license and buys and sells cars on the side,he seems like a nice and helpful guy and i think i can trust him but not 100% i really still just barely know him,but he has been to the house twice and talked about work and i told him i need a car. Here is where its gets fishy i told him i want to go to the auction with him and look for something,but he told me just to tell him what i want and he will get it,in other words he does not want me there. So i get a text that he found a 95 honda accord with 105 thousand miles with a clean title and nice shape for 1600 and that i can have it for 1700. I told him i want it and so tomorrow he is going to service it and clean it up and bring it by the house. I don’t want to insult him and act like i don’t trust him but should i still take it to a mechanic and get it looked at?Also another friend who i trust a little more has a dealer’s license but is flaky as hell said he would take me to an auction thursday.Should i keep my options open and maybe get a better deal or should i not let this car get away?thanks

latitude answers:

First off all, its HIGHLY unlikely anyone is REALLY going to sell you a car for $100 over cost. And they certainly wouldn’t service it, clean it up and bring it to you to see if you might want it all for $100 !

And even IF you have a bill of sale from the auction showing what he paid, that doesn’t mean he actually paid that. Some sellers give away $200 to the high bidder.

About 12 years ago, i took a few people to the auction with me. I charged them $200 but that was 12 years ago. And I insisted on CASH. And brought the person with me so that I got paid before they drove it away.

After they started to know me at the auction, I was reluctant to bring retail buyers with me because it just wasn’t worth possibly losing my ability to buy & sell for $200.

Another guy used to charge people $500 or 10% whichever was more.

If you like the honda, take it on a long test drive and to a mechanic if you want.

At auctions, you cant do that but you can usually take it on a short drive prior to the auction. (That’s what the 2 people I took did)

I spent about 12 years in the car business. Mostly in cars in the $1200-2900 range.

I usually made around $700-1100 per car. I NEVER, ever took a risk on a car and sold it for $100 over right after buying it. Cant make a living like that.

Its probably a $700-900 car and he is trying to get $16 out of it.

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Apr
10

Your Questions About What Can You Buy At A Car Auction

Steven Your Questions About What Can You Buy At A Car Auction

Steven asks…

what kind of car can i buy with $4000 at an auction?

I saved $4000 and this is my first car and i’m 17 all my friends got there cars from auctions. I’m going to bring a mechanic with me. but kind of car do you think i can get? what year or models?

latitude answers:

Most auctions have a test track to drive them before the bidding starts. If it’s a dealer auction then there will be tons of vehicles to choose from. You need to narrow down what kind of vehicle you want. Don’t expect anything too new though. Most of the public we bring to the auction are shocked when they find out that dealers do pay more than 10k for a 3-year-old car. Don’t be one of those people and you should be fine.

Mary Your Questions About What Can You Buy At A Car Auction

Mary asks…

What kind of car can you buy at a dealer auction for $7,000?

Like can you get a 2009 nissan maxima that they would normally sell for 14,000 (just an example)

latitude answers:

You can gat any car that goes for $7000 or less.

Jenny Your Questions About What Can You Buy At A Car Auction

Jenny asks…

How to get Insurance for a just bought car in a auction if under 21?

I ask this because I cant seem to find one fitting the position im in.
I am 18 and had my license for over a year already. I want to buy at an auction far outside the of London where I live so its a long drive where any thing can happen so I wont risk driving without insurance which I would of if it were close to my house. How do I get insurance as so far I checked they said you should get a driveaway insurance where its free for 7 days but you have to be over 21 years! so what can I do and how do I get about doing it?
Like I dont know what car im getting untill there so will I be able to get it insured on the spot over the phone or something or do I have to do something in advanced
Im 18 with a clean license
Can you tell me the name of the insurance and any company which would take me on.

latitude answers:

Just to mention, getting someone else to drive it home on their insurance doesn’t work. The car has to be insured anyway.

As already said, speak to some insurers and explain your predicament, I too am sure you’ll find at least one who will do it for you over the phone as soon as you’ve bought it. Or get it trailered or carried on a flatbed.

Chris Your Questions About What Can You Buy At A Car Auction

Chris asks…

Process and steps in car auction?

Hi, i was planning on buying a car from the car auctions, never been to a car auction. So i wanted to ask what is the process and steps to bid and buy the car. If my bid was accepted do i have to pay upfront at the moment or can i come back another day? do the cars have car fax, and all the details and history of the car? will i be able to test drive the car? and when i do buy the car, do the representative walk you through the paperwork etc?

Thanks

latitude answers:

1. If your bid was accepted you are given a certain time frame within which you need to buy if we are talking about online auctions at http://www.manheimremarketing.co.uk But if you are asking about live auctions then i am sure you are ought to hand over the cash the same day you won the bid if im not wrong.
2. Every car will have all its paper work in place, the registration papers, its servicing documents and any other documents that it has gone through over the specified years; Added to this, you will get the manufacturer’s guarantee or seller’s warrantee
3. Of course you will be if you are attending their live auctions but certainly not if you are doing it online
4. When you are buying the car, the representative will take care of everything you need to do so just relax and good luck with your buy!

David Your Questions About What Can You Buy At A Car Auction

David asks…

Where do wholesale car salesmen get their cars from?

I know the cars bought by wholesalers are bought at auction, but can these cars come from across the country, like wherever? I also wanted to know how specific you could be as far as options you want on a car and stuff, because my dad works with a guy who has his wholesale license and basically we would give him a list of what we wanted and stuff. Thanks!

latitude answers:

Auction vehicles are ( usually ) from those within the State the auction is held in, although it is possible for out of State vehicles to be in an auction as well; for finding a vehicle with certain features – it would not be practical to try and find a vehicle that way – the vehicles that are sold at auction as as is, with whatever equipment they have in/on them

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Apr
10

Your Questions About What Can You Buy At A Car Auction

Ruth Your Questions About What Can You Buy At A Car Auction

Ruth asks…

Can someone give me insight on how to buy a car at an auction. How do you know if the car is any good?

I’m going to a car auction tomorrow morning and have no idea what to expect. My nanny needs a car and has about $2000 in cash to spend.

latitude answers:

Depending on the auction, you may or may not have a chance to hear the car run. Ou want to get there early, and be sure that you understand all the terms and conditions of the sale. There may be a buyers fee (a percentage of the selling price that is added to the final bid price) so be sure you allow for that. Most auction sales are final, there is no changing your mind for whatever reason, and the cars are sold “as is” “where is” “how is” and any other “is” you can think of.

Understand that most vehicles being sold at auction are there for a reason. They may be cars that were donated to charity, or they may be cars that dealers do not want to sell on their retail lots.

Bring someone knowledgeable about cars, to look for signs of major problems, but figure that you will need to spend some money for repairs to make the vehicle road worthy.

Paul Your Questions About What Can You Buy At A Car Auction

Paul asks…

Why dont more people just buy their cars at auctions instead of paying a dealer a sizeable profit?

can most anyone go to an auction and buy cars for very small amounts compared to what you would pay at a dealership? why most people dont do this?
how much more do dealers often mark up the price after buying at auctions? and IS THIS REALLY ETHICAL TO MARK UP THAT MUCH? WHY?

latitude answers:

I don’t know either, as long as the car has service history you can buy exactly the same warranty that the dealer will give. You can buy 3 year old cars at 2 or 3k cheaper in the auction. All I do is watch the car when it is started before they drive them through, if it starts ok I then check that it hasn’t leaked anything.
If you time it correctly, March / September you get the company lease vehicles going through and can really pick up a bargain as they always are serviced and well maintained.

Nancy Your Questions About What Can You Buy At A Car Auction

Nancy asks…

why dont more people just buy their cars at auctions instead of paying a dealer a sizeable profit?

can most anyone go to an auction and buy cars for very small amounts compared to what you would pay at a dealership? why most people dont do this?
how much more do dealers often mark up the price after buying at auctions? and IS THIS REALLY ETHICAL TO MARK UP THAT MUCH? WHY?

latitude answers:

Buying at an auction is fo those who have enough knowledge of the product and its pitfalls.
Eg a large number of vehicles have mileages ‘clocked’ . Non disclosed damage and other issues.
Insurance. Tax etc and moving a vehicle can be problematic.
This is ideally suited to business buyers whom are ste up to trade in this way.
If you wish to make an offer it is easily possible. Make sure you can arrange both tax and insurance or move vehicle on a trailer before offering to purchase.
Make sure you are aware of a cars faults. What to look for,. What you can check ( not allowed to drive any) etc and be ready to have bought a ‘lemon’. If taking due care etc it is possible to save cash. Much a a dealers higher costs are due to transport, serving, repairs needed ,labour,time etc all necessary to conduct a business. Lumped together are called overheads.
They also have to offer recompense under law if selling etc so warranty costs and so on can be considerable.
Hence mark up seems high but in reality profit per vehicle can be as little as an average of 5% over a years trading.

Jenny Your Questions About What Can You Buy At A Car Auction

Jenny asks…

Has anyone ever bought a car at an auction where they sell reposessed cars?

There is one in dublin that i have heard of.I am thinking of going to one to buy my next car but dont have a clue about what you do!!
I will be bringing someone with me to have a look at the car but can anyone explain to me how it works please?how do you bid,how do u pay??ect…

latitude answers:

You bid on it just like at any other auction there usually are reserve prices this is a minimum the seller will take for the car. The bidding will start off lower than the reserve and work its way up now if the seller takes the reserve off this means the car will sell to the highest bidder, don’t forget about buyer premiums usually 10% of the selling price, you gotta pay the auction company. A no reserve car is going to sell no matter what even if it goes for a dollar. Good luck and have a good time at the auction they are fun, just don’t pay too much just because you have an eye or your heart set on one car in particular. If you come home with nothing there will be another auction soon.

John Your Questions About What Can You Buy At A Car Auction

John asks…

What if I buy a car with a lien at auction, can I resell it?

I am thinking about buying a car at an auto auction, and I know when you buy a car with a lien, you get a title from the DMV with my name and the lien holder’s name, but what if I want to sell the car at a later date? How do I transfer the title since it has both of our names on it?
Is there anyone that understands how buying a car at an auction with a lien works? I would really appreciate any help since the only person that answered obviously has no idea how it works. When you buy a car at auction with a lien you are not responsible for the lien, the only thing linking you to the lien is the title, there is ZERO chance you will have the car taken away or have any link to the debt. Thanks anyways, but please don’t comment unless you have an answer.
Here is a little bit of information, since no one on this answer has any idea what they are talking about, and I don’t want anyone looking at this to get their wrong information about liens at auction: “if you are the highest bidder, you get the auction papers to the car, when u go to the DMV you will register the car as your own, the title will come in the mail and show an existing lien on the car it says the banks name and your name yet, the person who originally requested the auto loan will have to pay for the car even if it is in your possession, so you are not responsible for paying the lien and no one has the authority to take that vehicle away from you as long as you bought it legally in a auction and keep copies of all the auction paper work cause one day you might need it.”

latitude answers:

Auctions don’t sell cars with liens on them.

Sellers at auction don’t get paid unless and until they deliver a clean title to the auction.

Nobody can legally sell a car with a lien on it without paying off the lien first.

And, lienholders dont give up the title until they get paid so chances are if you have the title, there is no lien.

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Apr
02

Your Questions About Operation Repo Sonia

William Your Questions About Operation Repo Sonia

William asks…

Does Anyone Watch Operation Repo?

Does anyone else other than me think that Sonia, the fat chick, from Operation Repo is slovenly and morbidly obese? And on top of all of that way too confident and flamboyant in what she wears.

latitude answers:

Yes, I think she looks like Ursula from The Little Mermaid.

Helen Your Questions About Operation Repo Sonia

Helen asks…

Is Sonia a Satanist or what?

Is Sonia from “Operation Repo” a Satanist or not? What’s her religion, what does she worship?

latitude answers:

It looks like it, but I think she worships the dollar most of all.

Sandra Your Questions About Operation Repo Sonia

Sandra asks…

Does anyone watch Operation Repo?

If so, doesn’t Sonia remind you of Ursula In Little Mermaid

http://www.thumbplay.com/join/Ursula+Little+Mermaid+Villain-wallpaper-bonus

ROFL
LMAO this one more closely resembles her
http://www.thumbplay.com/join/Ursula+Little+Mermaid+Villain-wallpaper-bonus

latitude answers:

That’s the ONLY entertainment on TV these days.

And have you ever seen Sonia w/o her makeup??? SCARY MARY!!!

And isn’t she just the perfect, petite demure flower of a gal??? icon wink Your Questions About Operation Repo Sonia )

Christopher K.

John Your Questions About Operation Repo Sonia

John asks…

How Are The People On Operation Repo All Related?

Ok I’ve been Watching this show for the last couple of weeks now. I figured out that Luis the main guy is Sonia‘s brother then is daughter (Sonia‘s niece) is Lyndah. Then there is the little Mexican Froylan I heard Lyndah call him her Uncle. But Ive never heard Sonia or Luis call him their brother or anything. Or Luis call him his brother in law. So I figured he’s prolly Lyndah’s Uncle on her moms side but IDK Im confused and was just wondering. Now I know Matt is just a friend that works with them. Hes not just a co worker cause Luis has bailed him out of jail multiple times. So he’s got to like him at least or he wouldn’t hire him back after firing him.

latitude answers:

Sonia and Froy were married once upon a time.

Sharon Your Questions About Operation Repo Sonia

Sharon asks…

Would you like to see a celebrity edition of “The Biggest Loser”? Who would you see participate?

I won’t compare this to Vh1′s “Celebrity Fit Club”. But if they were to come up with a season featuring celebrities, here is whom I would chose to see:

*Sally Struthers from “All In The Family”.
*Sonia Pizarro from “Operation Repo“.
*Val Kilmer
*Ryan O’Neil
*Tyne Daly from “Cagney and Lacey”.
*Beth Chapman from “Dog The Bounty Hunter”.

latitude answers:

This would be so awesome!! The only one I can think of right now is cam from modern family but I don’t know his real name. Haaha

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