Have you come across ads for car auctions?
Have you noticed how exciting they sound, and the untold promises that are implied?
While I don’t meant to burst your bubble, car auctions will not enable you to buy a $65,000 H2 Hummer for $100.
Most private car auctions are run by, or on behalf of car dealers.
If a car dealer saw such an amazing buying opportunity at a car auction, you can be assured that he would be the first one to jump on it.
While you might not be able to find a similar deal at a government car auction, at least you will face less dealer competition, and have the opportunity to attend a car auction that is not run either by dealers, or on behalf of these car dealers.
Government auctions also seem to be marketed more accurately, with full disclosure as required by law, so you therefore will have a more realistic sense of expectation.
Car auctions are fantastic places to obtain great deals on cars, provided that you clearly understand the condition of the car that is being auctioned.
If you are looking for a more honest, and hopefully rewarding experience, I recommend attending government car auctions.
Don't Ever Forget This When Buying At A Car Auction
In the excitement of a car auction frenzy, it's very
easy to get swept away and forget some
basic car buying concepts.
When you visit a car dealer, you are well prepared,
and have looked into various issues related to
the ownership of the car.
One important issue that is often overlooked
at auctions, is the lifetime cost of maintaining the
car.
People overlook this important factor because they
become so enamored by the low prices that
cars are offered at during the auctions.
Imagine if you attended a car auction, and had the opportunity
to bid on an almost brand new Jaguar convertible.
What if the Jaguar had a book value of $30,000,
and you had the chance to bid as low as
$5,000 for it?
Wouldn't you be so excited about the low price
that you would forget to factor in the cost of
maintenance?
You probably would, unless your intent was
only to resell the Jaguar convertible at a substantial profit
right after the auction.
But if you plan to use the car for your own daily driving,
then you should factor in related costs such as insurance,
gas usage, and maintenance.
Car auctions are definitely a great way to save and
make money, just make sure
that you are well informed about the cars that you are
purchasing.
easy to get swept away and forget some
basic car buying concepts.
When you visit a car dealer, you are well prepared,
and have looked into various issues related to
the ownership of the car.
One important issue that is often overlooked
at auctions, is the lifetime cost of maintaining the
car.
People overlook this important factor because they
become so enamored by the low prices that
cars are offered at during the auctions.
Imagine if you attended a car auction, and had the opportunity
to bid on an almost brand new Jaguar convertible.
What if the Jaguar had a book value of $30,000,
and you had the chance to bid as low as
$5,000 for it?
Wouldn't you be so excited about the low price
that you would forget to factor in the cost of
maintenance?
You probably would, unless your intent was
only to resell the Jaguar convertible at a substantial profit
right after the auction.
But if you plan to use the car for your own daily driving,
then you should factor in related costs such as insurance,
gas usage, and maintenance.
Car auctions are definitely a great way to save and
make money, just make sure
that you are well informed about the cars that you are
purchasing.
How To Save Or Make Thousands With The Help Of A Mechanic
When attending a car auction,
it pays to take a licensed mechanic with you.
Even though he won't be able to make
a fully detailed evaluation of the car
on the spot,
his experience will allow him to
give you a decent appraisal of the
condition of the car.
If you are short on money, you
might consider giving him a percentage
of the money that you receive when you
sell the car, or set up a payment plan with
him.
I definitely suggest having a mechanic take a
look at the car, even if it looks brand new.
If you are bidding online, ask him to
give you a list of questions you should
be asking.
Buying cars at government auctions is
definitely a way to potentially save or
make thousands of dollars, so it is
worth the investment to have a
trusted advisor working with you.
it pays to take a licensed mechanic with you.
Even though he won't be able to make
a fully detailed evaluation of the car
on the spot,
his experience will allow him to
give you a decent appraisal of the
condition of the car.
If you are short on money, you
might consider giving him a percentage
of the money that you receive when you
sell the car, or set up a payment plan with
him.
I definitely suggest having a mechanic take a
look at the car, even if it looks brand new.
If you are bidding online, ask him to
give you a list of questions you should
be asking.
Buying cars at government auctions is
definitely a way to potentially save or
make thousands of dollars, so it is
worth the investment to have a
trusted advisor working with you.
Why You Should Buy Cars At Online Government Car Auctions
Did you know that multiple government agencies run online auctions for seized and surplus cars?
There are literally hundreds of auctions that take place across the United States for cars that have been seized by law enforcement agencies, and for cars that the government agencies simply don’t need any longer.
Many of these auctions offer online bidding, and are therefore accessible to international buyers.
The best part is that if you win the auction, you can hire a company that specializes in picking up and transporting cars.
You never have to visit the auction in person in order to participate.
Car auctions have long been the best kept secret of car dealers.
Because the dealers know that they can buy cars for less than their book value at these auctions, they are a great source for the cars that they sell on their lots.
Ask yourself this, if the car dealer buys at auctions, and then marks up the cars before he sells them to you, why not circumvent the dealers and buy the cars directly at these auctions?
You can save a great deal of money on your next car purchase by participating in an online government car auction.
There are literally hundreds of auctions that take place across the United States for cars that have been seized by law enforcement agencies, and for cars that the government agencies simply don’t need any longer.
Many of these auctions offer online bidding, and are therefore accessible to international buyers.
The best part is that if you win the auction, you can hire a company that specializes in picking up and transporting cars.
You never have to visit the auction in person in order to participate.
Car auctions have long been the best kept secret of car dealers.
Because the dealers know that they can buy cars for less than their book value at these auctions, they are a great source for the cars that they sell on their lots.
Ask yourself this, if the car dealer buys at auctions, and then marks up the cars before he sells them to you, why not circumvent the dealers and buy the cars directly at these auctions?
You can save a great deal of money on your next car purchase by participating in an online government car auction.
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