Cheap Car Auctions

I have never done this before and would like to do this for a living

Im my area an auction every week sells 300-400 cars that have been bank seized. What do you think a 2003 cadillac escalade with 77598 miles would sell for. I just need a prediction from someone who knows cars or have bought them at a repo auction…..

I am looking to go to an Auto Police Auction, and maybe buy a car cheap for say $500, say it’s an okay quality car, and i buy it for the $500 and sell it for say $1.200 on Craigslist, would this be a sufficient wa to make money?

Does anything change with the title when the car is seized? could i still get a profit if it had a reconstructed title, if I DID buy the car for $500?

Anything else I should know?

I recently stumbled upon a repossessed vehicle dealer with some 2009 cars for like $8,000-$10,000. Apparently, they already won the cars in auctions and can just sell it to the public straight away. They seem legitimate (every car has a over 5 photos, they gave an address and phone number), but it still seems too good to be true. They also have two of the same website with different URLs… Anyway, do you think they seem real? Are repossessed cars really this cheap? Do you think it’s safe to buy a car from them?

These are the websites (they’re exactly the same):
www.better-carsales.com
www.quality-autosales.com
Also, on their website (or sites…), they claim to be a Carfax Certified Dealer and Merchant Certified.

I’m looking to start a company where I go to police, public, bank repot auctions and buy cars a dirt cheap prices, invest some money into them (clean them up, fix anything that needs to be fixed, smog check, etc…) and sell them threw auto trader, Craig’s list etc. for market value. What kind of license would I need, I already have a vehicle sales licenses. What else would I need? And what would I need to get into the privet bank police auctions? Im only looking to do 1 car at a time, so I wouldn’t need to buy any property for it. And for the service of the car I would go to a local mechanic…

My idea is this: We spent $19 billion a year in foreign aid. Not to mention the $34 billion we spend in Iraq. That $19 billion is spent on very little for the population, alot is laundered and skimmend off the top to corrupt politicians. We brake down the amount we spend on each country, then reserve 10% +/- of each countries aid and set it aside. This money is reserved to buy vehicles for each countries infrastructure and public works systems. It would allow countries who normally don’t have a decent motorized public servant service to have at least decent if not excellent forms of emergency vehicles. This would also help in making sure that this money that is being spent, is being spent not only for the good of the people, but it is being used to buy our goods and services. A money cycle so to speak. Lets say a country gets $100 million in aid, we set aside $1 million for my proposal. Using known gov data, and this is not a cheap vehicle used for the example, a 3/4 ton 4×4 suburban cost the government $28k. At a million bucks set aside for vehicles, thats 35 trucks! For one country! Now imagine amount of vehicles that could be bought if they were buying Impalas or Fusions or Sebrings. At 10% of $19 billion thats almost 68,000 vehicles at $28k a piece. We are going to continue the foreign aid programs so why not help both parties out? If we do it every year, then eventually each country will have an outstanding infrastructure of emergency and public works vehicles. After 5 years, these countries can start auctioning off the vehicles to their public, any funds to be used for goods and services. And this program could be used for our municipalities as well. This to me seems like a more viable way to help the auto industry and struggling cities and towns that cant afford vehicles. What do you think?
By your analogy, we should just give them the money and not have them build cars? Basically a public funded jobs bank for an entire company? We as government entities have to buy American made vehicles when possible anyways by law(I have done purchasing for the county I work for), so we are supporting the auto companies anyhow. The only thing different is we are using foreign aid money to support the auto industry. It is not going to make the industry independantly strong with the foreign aid, but it helps. Since we have to buy American by law, and the bailout money is going to other things less viable, why not help the local governments?
I guess I dont get the whole pay a car company not to build cars. So, if they are not building cars but getting money for not building cars, then they dont need workers so they are now out of a job. At least this way, there is still a job for people. But my point to this is that our aid does get spent on vehicles in these countries, just not our companies vehicles. Our aid money is spent on other countries vehicles.
“Since we have to buy American by law, and the bailout money is going to other things less viable, why not help the local governments?” It’s always going to help them less to buy them a car than give them cash.

See, the thing is, public safety vehicles are replaced every 4-5 years anyways. Money is ear marked for the purchase of these vehicles which means other public works projects will be put on hold to afford the new vehicles.

If I can’t attend the repo auction, is there some way I could bid on a car, pay for it, and have it shipped to me without any danger of getting scammed?
Could I arrange for a representative to make the bids for me, perform the car inspection, and handle the financial and transportation matters for me without any fear of getting ripped off?