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.
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