Seized Car Auctions: a Good Option for Getting a Car?
Ruca Martin asked:
Seized car auctions happen in a few ways. A bank will normally repossess the cars of people who are not paying their car loans and will then auction off the car. Additionally there are numerous state and local government agencies that will seized the vehicles of people that have broken the law and hold an auction to sell them. Some state agencies will purchase new service cars and then auction off the old ones.
With most of these types of auctions, buyers will get the opportunity to inspect the vehicles. You are however not allowed to drive the cars. There are no warrantees given or guarantees that the cars are in perfect shape which is really no different from purchased a used car off a sales lot.
Seized car auctions, a good option for those that know what they are doing, because if you do not you won’t be getting such a great deal after all. If you happen to have your eye on a potentially popular car there is likely to be heavy bidding competition which often makes what you pay worth more then the car is actually worth.
Your best chance at a great deal at one of these auctions is go for an older car that used car dealers might not want to spend the time and energy fixing up.
You can find auctions for seized cars announced in national and local papers. Additionally you can contact local banks and request information about the auctions that they hold. Many people use an online service to locate these types of auctions in these areas. With some research and a little luck you should be able to see that seized car auctions are a good option for finding a car for yourself, and save some thousand dollars.
Real seized cars auctions price, can be found at:
http://online-home-works.com/seized-car-auctions.html
Seized car auctions happen in a few ways. A bank will normally repossess the cars of people who are not paying their car loans and will then auction off the car. Additionally there are numerous state and local government agencies that will seized the vehicles of people that have broken the law and hold an auction to sell them. Some state agencies will purchase new service cars and then auction off the old ones.
With most of these types of auctions, buyers will get the opportunity to inspect the vehicles. You are however not allowed to drive the cars. There are no warrantees given or guarantees that the cars are in perfect shape which is really no different from purchased a used car off a sales lot.
Seized car auctions, a good option for those that know what they are doing, because if you do not you won’t be getting such a great deal after all. If you happen to have your eye on a potentially popular car there is likely to be heavy bidding competition which often makes what you pay worth more then the car is actually worth.
Your best chance at a great deal at one of these auctions is go for an older car that used car dealers might not want to spend the time and energy fixing up.
You can find auctions for seized cars announced in national and local papers. Additionally you can contact local banks and request information about the auctions that they hold. Many people use an online service to locate these types of auctions in these areas. With some research and a little luck you should be able to see that seized car auctions are a good option for finding a car for yourself, and save some thousand dollars.
Real seized cars auctions price, can be found at:
http://online-home-works.com/seized-car-auctions.html
Finding Bargains at a Repossessed Car Auction
Andrew Bicknell asked:
A repossessed car auction is the place to be to get that dream car at a price you never thought possible. But now that you’ve heard that you can save big at a car auction how do you find out where they are taking place? Just by doing a simple search on the internet you can find any number of sites that specialize in finding car auctions in any area of the country.
Did you know you can buy your dream car for 90% off at repossessed car auctions? You see, there are lots of bargains if you buy your car at repossessed car auctions. But they, the car dealers, have been trying to keep it secret for fear people will start purchasing cars directly from the car auctions. What the dealers do is buy cars, and sell them for huge profits. And they do it because the prices of cars at repossessed car auctions are an absolute steal.
At a car auction there are basically two types of cars being auctioned off, automobiles that have been seized because they were used in the commission of a crime or used government vehicles. Although some people may feel a little strange about buying a car once owned by a criminal, you can find great deals on luxury cars. Buying a used government car at a car auction has its benefits too, government cars usually have regular tune ups and maintenance and some have very low mileage.
Many of these repossessed car auction vehicles are practically new with very low mileage, and because the original owner would have carried the luxury tax, this is not an issue when they are sold at auction. What you end up paying will of course depend a lot on who turns up at the repossessed car auction to join in the bidding, but with so many auctions and so many vehicles, you’re bound to find an excellent bargain.
A repossessed car auction is the place to be to get that dream car at a price you never thought possible. But now that you’ve heard that you can save big at a car auction how do you find out where they are taking place? Just by doing a simple search on the internet you can find any number of sites that specialize in finding car auctions in any area of the country.
Did you know you can buy your dream car for 90% off at repossessed car auctions? You see, there are lots of bargains if you buy your car at repossessed car auctions. But they, the car dealers, have been trying to keep it secret for fear people will start purchasing cars directly from the car auctions. What the dealers do is buy cars, and sell them for huge profits. And they do it because the prices of cars at repossessed car auctions are an absolute steal.
At a car auction there are basically two types of cars being auctioned off, automobiles that have been seized because they were used in the commission of a crime or used government vehicles. Although some people may feel a little strange about buying a car once owned by a criminal, you can find great deals on luxury cars. Buying a used government car at a car auction has its benefits too, government cars usually have regular tune ups and maintenance and some have very low mileage.
Many of these repossessed car auction vehicles are practically new with very low mileage, and because the original owner would have carried the luxury tax, this is not an issue when they are sold at auction. What you end up paying will of course depend a lot on who turns up at the repossessed car auction to join in the bidding, but with so many auctions and so many vehicles, you’re bound to find an excellent bargain.
Government Seized Car Auctions – 5 Key Tips to Getting your Choice Wheels
Davion W asked:
You really need to consider government seized car auctions if you want to buy a quality car on a tight budget. Quite frankly, even second hand car dealerships cannot offer you a better deal than the auctions. There is always a middle man fee that used car dealers would have to charge for profits and their service. On the other hand, the government is only concerned about selling away the repossessed or seized cars without making a profit. This opens a door of opportunity for anyone to drive home a quality car at very low prices.
Buying Cars at Government Seized Car Auctions Carry Some Risk
I would be bluffing you if I told you it is a bed of roses to buy cars at such auctions. Naturally, there are risks involved in bidding at auctions. But with some key tips which I am going to mention, you would be in a much better position to get a quality car for a price much lower than what it is worth.
1. Check the title of the automobile. If it is a rebuilt, take at least 30% off its value.
2. Do a vehicle history report. Compare the odometer reading against your report mileage reading. There is a physical method to do so. You can always check the brake pedals to see if the wear and tear is excessive. If the condition is very worn out and does not seem to tally with what the odometer is showing, then there is a high chance that the car’s odometer has been tampered with to show a low mileage.
3. Deduct the value if the car has exceeded the average mileage. There is a standard for the annual mileage of vehicles. According to the US Department of Transportation, on annual average, a car is driven for 13,500 miles. If the car you are interested in bidding has crossed the average, say by 1000 miles, take this figure and multiply it by 15 cents per mile exceeded. This is the value you should deduct. In this case, it is $150.
4. Gain some experience and get yourself familiar with the entire bidding process at the government seized car auctions. You may want to attend a few to understand how the process works before you actually bid for a car at the auction. It can be overwhelming for a first-time owner.
5. Trust your instinct and think logically. If a car looks really good and there is no way it could be priced so low, then there is a high probability that something is wrong with it. Avoid bidding for it even if you love it. Believe your logical mind.
Simply following these 5 key tips can save you a whole lot of headaches later and get you a better idea of how to bid for the right wheels at the auto auctions. Finally, take action and check out where is the upcoming or existing government seized car auctions in your neighborhood through my car blog.
You really need to consider government seized car auctions if you want to buy a quality car on a tight budget. Quite frankly, even second hand car dealerships cannot offer you a better deal than the auctions. There is always a middle man fee that used car dealers would have to charge for profits and their service. On the other hand, the government is only concerned about selling away the repossessed or seized cars without making a profit. This opens a door of opportunity for anyone to drive home a quality car at very low prices.
Buying Cars at Government Seized Car Auctions Carry Some Risk
I would be bluffing you if I told you it is a bed of roses to buy cars at such auctions. Naturally, there are risks involved in bidding at auctions. But with some key tips which I am going to mention, you would be in a much better position to get a quality car for a price much lower than what it is worth.
1. Check the title of the automobile. If it is a rebuilt, take at least 30% off its value.
2. Do a vehicle history report. Compare the odometer reading against your report mileage reading. There is a physical method to do so. You can always check the brake pedals to see if the wear and tear is excessive. If the condition is very worn out and does not seem to tally with what the odometer is showing, then there is a high chance that the car’s odometer has been tampered with to show a low mileage.
3. Deduct the value if the car has exceeded the average mileage. There is a standard for the annual mileage of vehicles. According to the US Department of Transportation, on annual average, a car is driven for 13,500 miles. If the car you are interested in bidding has crossed the average, say by 1000 miles, take this figure and multiply it by 15 cents per mile exceeded. This is the value you should deduct. In this case, it is $150.
4. Gain some experience and get yourself familiar with the entire bidding process at the government seized car auctions. You may want to attend a few to understand how the process works before you actually bid for a car at the auction. It can be overwhelming for a first-time owner.
5. Trust your instinct and think logically. If a car looks really good and there is no way it could be priced so low, then there is a high probability that something is wrong with it. Avoid bidding for it even if you love it. Believe your logical mind.
Simply following these 5 key tips can save you a whole lot of headaches later and get you a better idea of how to bid for the right wheels at the auto auctions. Finally, take action and check out where is the upcoming or existing government seized car auctions in your neighborhood through my car blog.
Save Money On Your Next Care At A Repo Car Auction
D Fraser asked:
It’s been a used car dealers best kept secret for a long time. Repo car auctions were a place used car dealers could pickup several good used cars and/or trucks bring them back to their lot and sell them for a nice profit. While that is still the practice of some used car dealers it’s easier now for the average joe to learn the ropes, and get his/her own deal on a repo car from the auction.
Find the Information
This can be the toughest part of the entire process. Discovering where and when auctions take place, and if you can or can’t get into one is the first step. Your local town office may have information about repo car auctions in your area, also watch the news papers for notices of police or government surplus/repo auctions. These auctions will not only have cars and trucks but also other merchandise such as boats, atv’s, and other motor vehicles.
With the advent of information sharing on the Internet it’s made it even easier to locate repo auctions. There are services set up solely for this purpose of providing info on auctions in your area as well as what items will be going up for auction.
Where do the vehicles come from
There’s a variety of places cars can come from that are up for auction. More times then not they’ve been repossessed by finance companies, banks, the police and even the town or state. Most times cars and trucks at repo auctions are newer model years, with low mileage, and in good shape. Making it the perfect place for you to pick up your next new to you car.
The best way to navigate the repo car auction circuit is to use a professional service that specializes in providing consumers information on auction locations, cars available etc. Understanding how to bid on a car you may be interested in, making payment if you win, and pickup are all items that should be posed to a professional.
No question if you’re willing to do a little bit of research you’ll save a bundle buying your car from a repo auction rather then a used dealer. You could very well bid against the same person you’d buy the car from otherwise. Using a service to do your research online prior to heading out to locate an auction is ideal. You’ll be able to see what similar cars have sold for at other auctions, and sometimes even place a bid online.
It’s been a used car dealers best kept secret for a long time. Repo car auctions were a place used car dealers could pickup several good used cars and/or trucks bring them back to their lot and sell them for a nice profit. While that is still the practice of some used car dealers it’s easier now for the average joe to learn the ropes, and get his/her own deal on a repo car from the auction.
Find the Information
This can be the toughest part of the entire process. Discovering where and when auctions take place, and if you can or can’t get into one is the first step. Your local town office may have information about repo car auctions in your area, also watch the news papers for notices of police or government surplus/repo auctions. These auctions will not only have cars and trucks but also other merchandise such as boats, atv’s, and other motor vehicles.
With the advent of information sharing on the Internet it’s made it even easier to locate repo auctions. There are services set up solely for this purpose of providing info on auctions in your area as well as what items will be going up for auction.
Where do the vehicles come from
There’s a variety of places cars can come from that are up for auction. More times then not they’ve been repossessed by finance companies, banks, the police and even the town or state. Most times cars and trucks at repo auctions are newer model years, with low mileage, and in good shape. Making it the perfect place for you to pick up your next new to you car.
The best way to navigate the repo car auction circuit is to use a professional service that specializes in providing consumers information on auction locations, cars available etc. Understanding how to bid on a car you may be interested in, making payment if you win, and pickup are all items that should be posed to a professional.
No question if you’re willing to do a little bit of research you’ll save a bundle buying your car from a repo auction rather then a used dealer. You could very well bid against the same person you’d buy the car from otherwise. Using a service to do your research online prior to heading out to locate an auction is ideal. You’ll be able to see what similar cars have sold for at other auctions, and sometimes even place a bid online.