CQout.com is an international auction and online marketplace community, which is active in 80 countries around the world. Launched in 1999, CQout is a long-established digital selling and buying portal. Sellers can place items in a huge range of categories. The site is committed to offering sellers a secure way to sell products. With no listing fees and competitive final value bid fees, CQout is a cheaper option than eBay. The auction site also has bulk uploading tools for easy listing and an automatic relisting option.
These days, I have become the car dealer instead of the auctioneer. This is still a tough business and every single month I lose money on something. But you know what? The willingness to "pay my tuition" and learn a few new things along the way has been far more valuable to my work than my MBA from Duke. Remember -- "If you live it, it is not a dream."
I sold a nine-year-old Subaru to myself because no one else at the auction would bid on it. It had no battery and no paint, either. Hell, it wouldn't even shift out of park. I got lucky, though. I bought a $40 battery to get it started and a $40 shift-lock override mechanism so I could get it into gear. Amazingly, that Subaru was a fine car. Ugly as sin, but fine. I put it straight on eBay, where it sold for $1,576.00 to a rally coordinator for Subaru who flew to Atlanta, drove it back, and kept it for another 50,000 miles.
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Government seized-property or surplus auctions are held all over the country at various locations and on various schedules. Typically an auction is held at a particular location on a regular basis — usually monthly or quarterly or annually. Local and national newspapers often have listings and details. Usually these are more than just car auctions. All kinds of property are included, including real estate.
We also looked at the cost of each service and whether the fees outweigh the benefits. Fees can take away a large chunk of your selling profits, so make sure you understand what each company charges for listing fees, final value fees, and seller verification fees. We calculated all these fees and found that eBay has the highest final value fees, while companies like eBid doesn’t charge listing fees.
Wholesale Heaven is what we call the magical place where millions of cars go to die, at least temporarily. They had bad transmissions, suspension systems that cost more to fix than the car was worth, rust, abuse, and neglect. I saw countless examples of what not to buy because of mechanical issues -- including over three hundred Chryslers with defective six-cylinder engines that would promptly go kaput right after the warranty expired.
You must be willing to bid and lose in any kind of auction. You must also be willing to bid and win, and be prepared to pay cash or finance within the required time set by the auction company. You can apply for a pre-approved used-car loan at your bank or credit union, or at an online auto loan company such as Auto Credit Express, and be prepared in case you win a bid. Personal checks are not usually accepted, although credit cards, money orders, certified checks, and traveler’s checks are accepted.