One line that works for us is, “ I am getting this car for my best friend who just moved here for work. He is on a very low budget but a good man. Am trying to support him get something to move around.”
We purchased a 2013 Renault Clio at the Auction. It was in a very good condition until we sold it to a young bloke. He rang after a day the car started overheating on his way to another state. He had to tow the car back to our shop. We investigated, the car has a blown head gasket. This was a massive loss. Lesson learnt was to offer half or less half the value of any car at the auction. Sometimes these cars are not even checked or driven before going under the hammer at the auction houses.
I once bought a 2009 Toyota Corolla faded paint, tyres flat, very dirty but starts and runs. The seats were not washed probably since it was bought. It was towed to our garage, all the tyres changed, fix the paint, no mechanical problems. We made about $3500 from this car. Focus on low mileage under 150,000 KM. Be cautious not to engage in a bidding war with over excited flippers. Do your research before and in the auction.
Some years back, we found a 2007 Toyota Corolla the fellow moved from another state so he was not prepared to change the plates and do the paperwork. He wanted to sell it cheap. Listed for $5500 we offered $3000 cash, he accepted, we went to withdraw cash from the nearest ATM coming back the young man changed his mind and asked for $4500 last. We lost the good deal. Lesson here, always have some cash in your pocket. Seal the deal, put down deposit sign the papers come back and finish up. Good deals do not last in car flipping.
The most important tip is to always buy car so cheap, you can replace the engine if needed and still get your money back. This single tip would save you heaps of money and still make you heaps of money.
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