Auctioning cars is a fun and interesting way to make money. However, it can get a bit difficult when you are trying to sell a salvage car. The car will come at a significant discount because it will need significant repairs to make drivable, but if repaired properly, it can also make you significant profits. You will need to hire an ASE-certified mechanic for proper repairs -- or several mechanics if you want to speed up the process.
Hire an ASE-certified mechanic. ASE certification comes from the National Institute for Automotive Service Excellence, and it is the accepted authority on mechanic repair training. ASE-certified mechanics can charge a premium over non-certified mechanics, but buyers of salvage vehicles will want the additional reassurance that a certified mechanic brings.
Transport the salvaged car from where you bought it to your store on a vehicle hauler. This can be a flatbed for single vehicles or an 18-wheeler tractor trailer unit that can transport several cars at a time. Do not drive salvaged cars on public streets, as you would endanger yourself and other drivers.
Repair the car to meet all federal safety and emission regulations. If a car part is damaged, then replace it. You can still sell that individual part, but car buyers want to know that you performed a complete repair.
File the ownership papers of your salvaged car with your insurance company. If you are operating a car-selling business, however, then your business insurance -- not your car insurance -- will handle the forms. You also may need to register with your state's Department of Motor Vehicles, depending on salvage laws in your jurisdiction.
List your car on eBay Motors as a salvage title, and list all the repairs performed on it. Provide a Carfax report upon request of prospective buyers. Do not embellish your listing; be honest about everything. Use a PayPal account take accept any payments, as PayPal can process credit card payments for you.
