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Also keep in mind that depending on what type of auctions you go to, cars are typically sold as-is and you don't have the ability to drive/hear them run, etc. before you buy so you could end up spending lots more money post purchase to get them ready (even legal in some instances) to sell.
Also getting a car re-titled (if it doesn't have one) can be a royal PITA. Granted you can bypass lots of this stuff by purchasing cars with titles and at auctions that are selling late-model cars... but the price of admission will be higher and your margins will be lower.
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