Auction Access signup call replay
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ReplayĀ Summary
The video provides an overview of the car flipping business and the process for signing up for auction access under the Top Tier Auto Sales dealership.Ā Program Overview and Dealership Information
- Host and Dealer: The session is led by the host and Ezra, the owner of Top Tier Auto Sales in Harrington, Delaware.
- Goal: The program aims to provide others the same opportunity Ezra had to start buying and selling vehicles, even while working a full-time job.
- Commitment: Participants are encouraged to be serious, as there are a limited number of spots available for this wave of signups.
Auction Access and Logistics
- Auctions Available: Participants gain access to major dealer auctions, including ACV, Adessa, Mannheim, and CarMax.
- ACV Advantage: ACV is highlighted as a convenient, online-based auction where vehicles can be delivered to the buyer's house.
- Auction Lights System:
- Green Light: Indicates a vehicle backed by some form of arbitration, though rules vary by auction.
- Yellow Light: Signals a specific announcement regarding the vehicle (e.g., structural or transmission issues).
- Blue Light: Means the title is absent; sellers have up to 30 days to produce it.
- Red Light: Indicates the car is sold "as-is" with no arbitration.
- Shipping: While dealers can use their own shipping methods, companies like Ready Logistics are recommended.
Signup Process and Dealer Responsibilities
- Costs: The signup cost is $1,600, plus an initial $100 fee for the auction access badge (which also has a $100 annual renewal fee).
- Paperwork: The dealership does not provide dealer tags due to insurance costs, but recommends obtaining transporter plates. The dealership provides all necessary sales paperwork to register vehicles, and there is a $200 fee per car for this service.
- Conduct: Participants are expected to maintain professionalism, communicate clearly with customers, and avoid "ghosting" them, as the dealership's name is on the paperwork.
- Taxes: Participants are responsible for their own taxes as they are not employees of the dealership.
Recommendations for Beginners
- Capital: It is recommended to start with a budget of $1,000 to $2,000 for an initial vehicle purchase.
- Strategy: Beginners are advised to avoid expensive vehicles early on to minimize risk.
