Making and saving money with auction sites

How to profit big time, because of the credit crunch.

Freddie Laker bought his first planes during the post war recession, and started a freight service. Eventually going on to start a successful trans-Atlantic passenger service.

Onassis, the shipping magnate, bought his fleet at rock bottom prices during the great depression.

Auction Property for Sale

Not just cars, but Houses and even horses! Auction Property For Sale offers homebuyers and property investors with a searcheable database of UK property auctions and information about available individual lots. Subscribers receive unlimited access, free email alerts and fast links to Auctioneers information.

Government Auctions

Get an Amazing 25%, 50% or Even a Massive 97% Off Property, Transport, Computers, Antiques, Mobile Phones, Audio Visual Equipment, Household Goods...

In Fact, Just About Anything!

The question is, where and when are the auctions held? After some research, I found these top UK auction sites. The GAUK (Government auctions UK) provides a low cost newsletter with many extras thrown in (such as a free book 'Everything you could ever need to make a killing at auction'). It tells you where to find the latest Government auctions such as Police pound and Bankrupt stock.

As a lifetime auction addict I can assure you that the price will be repaid many times over if you follow up just a small amount of the tips and tricks of the trade, that they reveal. I have always had a particular interest in car auctions.  I got one car (a diesel vauxhall astra) for just £130 which I thrashed about in for a total of 15,000 miles without any extra expense (and yes it had tax and MOT test included). I scrapped it when it became time to MOT it again, realising that it may be cheaper to just get another one.

Another time I bought two cars in one day (cash). One was in such good condition that I was able to sell it virtually overnight for twice the price I bought it at. (I made £650) The other was a 140mph, V6 engined Ford Mondeo Ghia. It had everything, Air con, 6CD player, heated leather seats, traction and cruise control, low profile tyres on alloy wheels - a top of the range car in it's time, for the princely sum of just £175. And yes, everything worked perfectly. I just needed a couple of tyres and off I went with a great big smile. That day, I had enjoyed the auction, bought two cars, made £650 and ended up with one of the best cars I had ever driven.

You see, what happens is that a deposit is required for a new car finance arrangement. Due to a loophole in the law, your "old" car can be accepted for that "deposit". In this upside-down world, the car dealer is likely to make more profit from the finance deal than the knocked down - highly competitive price of the car. He probably has no interest whatsoever in the second-hand car you brought in (obviously heavily dependant on it's age and condition). So, most of the time, the dealer, having neither space nor time to make anything worthy of it, it is just collected the very next day on a transporter and shipped off to the nearest auction.

If you buy a second-hand car the chances are that the dealer got it from the auction and did the barest minimum to get it forecourt ready then slapped on a huge premium. But please, take advice, I do know how to spot a bargain. I know a lot about cars and what the pitfalls are. If you are not sure, then take someone along who does know, if they are interested in cars they may actually be quite enthusiastic about the prospect and most of all    ***good luck!***