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HOW TO COMPLETE TITLES
This is very important PAPERWORK CAN MAKE OR BREAK A DEAL!!! I will be hosting zoom call and will make sure to touch on these important points of doing the paperwork when selling a car!! ANY QUESTIONS YOU HAVE BEFORE OR AFTER VIDEO REACH OUT AND ASK ME BEFORE YOU MESS UP SOMETHING IMPORTANT LOL And we alllllllllll have done that before!!
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Getting Auction Access #
1. Download auction access app on your phone or computer 2. Hit enroll 3. Select Yes associated to licensed dealership 4. Select No not member (if member you will already have 101 number) 5. Enter in all your individual information 6. Taxpayer ID is your SSN 7. Hit Documents and complete the agreement screens 8. Complete all screens upload pic of your ID and hit review 9. The email that auction access will send instantly will have your 101 # included on the top of the document!!! If it says your already a member call 1-205-414-2739 M-F 8:00 AM – 5:00 PM ET 10. Go to this site https://dealers.auctionaccess.com/membership and enter in your 101# and your name to pay the yearly auction access fee. 11. Once fee is paid write down and keep record of the 101 # its the most important number when registering or bidding at the auction. 12. It will keep all your dealership associations in one place and also allow dealer only auctions to see your dealers license is active.
Checklist Before Auction
First thing I do is review the auctions for the next day the night before. The reason I do the night before is the auction is listing items all day 8am to 5pm so if you check after they close you can see all the inventory added that day!!! This mostly works Mon-Fri as most auctions arent open on the weekend!!!!! Second thing I do is add the cars im interested in to my watch list! I try and focus on the cars that have the titles in at auction so I can sell the car the moment I get it!!! Nothing wrong with buying title absent car just be prepared to wait on the title!!!!! Ok now you looked online and made a list for the day before!!!! If your going in person use that list you made to precheck the cars before the auction opens. Most auctions have preview times the day before the auction begins I usually go in the am!!!!! MOST IMPORTANT PART IS WHILE PREVIEWING THE CARS TAKE A CHECK ENGINE READER TO RUN ANY CODES SO YOU CAN KNOW WHAT THEY ARE BEFORE BUYING!!!!
Back After Tax Time
Ok think its time to come back and review the industry as the market changes I suggest we focus on sub 7K (really 4k) cars right now!!! Tax time sales shouldn't influence sales numbers today!!!! The prices you are getting now until December are normal car sales!!!!!! I know we all ate great during tax time but now is the time to be specific with your buys & flips!
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Manhiem Auction
Im learning Manhiem maybe a good place for people to start their auction journey. The reasoning I have being that is its alot easier to register with them to bid asap!! They have their own app and are the primary auction for most dealers!!! Their app is easy to navigate and with them having sooooo many locations its a good starting point for people just getting their dealers license!!
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Flipping Cars 101
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