08-16-2013, 06:34 PM
My brother and I used to go to a local auction and buy cars on my credit card, then clean/fix and sell them. You could only buy a few per year without a dealer license, so we tried to make them count. It was a little scary, to be honest, although we did well. Things have changed a lot since then. I think most of the cars on auction now come from out of state, many with bad histories. You have to be a dealer, but there are dealers all over who charge a small amount of money to accompany you to the auctions and bid for you. The last car I bought was a little more $ than a comparable auction car, but sold and driven only in my city. 70k miles later I believe pretty strongly it was worth the extra. kj.