Car Auctions are filled with undervalued cars and cars that have been reposed if someone hasn't paid there loan. Finance companies know that the longer they have a Car the more it drops in value so they want to see it as soon as possible so they can get there money back. I suggested that the first few times you go to auctions that you don't bid and you just watch, most cars come with a condition report that you can read before hand and that can save you from having to fix a hole in the car or learning that the car is on it's last legs.
With that said there is money to be made in buying cars and if need be put some money into it to fix it up and selling it again for a profit. Even if you bought 6 Cars a year and sold them and made $2,000 a car that is $12,000 profit that you would have made otherwise and while you think you may need a lot to get started you only need $3,000 - $5,000 and to know when to stop bidding.
With that said good luck and i hope you make a few bucks.
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