Save Money by Going to Cheap Car Auctions
The United States government is selling lots of nearly kind new cars every day. These cars got seized when such a owners were somehow engaged in a crime. Sometimes the federal also sells government cars they no longer need.
These government car auctions really are the best place to find incredibly low cost cars. The discounts you will find there are simply unbelievable. Some cars are purchased for up to 90% less than their book value. Many of these cars are in magnificent condition, selected have only been used a couple of times.
When attaining a car from these auctions you should take advantage of the moment they allow to perform a basic inspection. Have a mechanic take a look at the car and listen to his advice. Also be insured to constantly run a Carfax history study before making a purchase. Always buy the car an extended warranty or your car and carefully inspect the warranty.
Usually you will find a lot more car dealers as opposed to other people at these auctions. They are looking for new cars too are in good shape to sell. These cars usually get the largest bids. It is not a excellent thinking to try to outbid such dealers. Remember to presistently set a budget and choose your cars accordingly.
Being successful at car auctions requires a few effort like seeming for dates and locations of auctions, inspecting cars, registering etc. However you will find that it really is worth it when you see the incredibly deals that are only around at auctions.
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The Truth Behind Making Money at Police and Public Car Auctions
I’ve bought and sold over 500 vehicles at various car auctions since 2002. Police auctions, Bank-repo auctions and State & Local Government auctions are all fantastic places to buy cars at wholesale prices. Like anything, however, not every car at these auctions is a winner waiting to be purchased for pennies on the dollar. Finding the best deals at the best auctions takes a little research. But, the fact remains, you’ll never find a better deal on a used car anywhere else.
Why are Auctions such a great place to purchase a car?
The biggest reason, of course, is the price. It is very common to get vehicles for 50% below retail. Especially, given the state of the economy, people want to buy reliable, fuel-efficient cars at great prices. If you can do the leg-work to acquire these cars at auctions. . . you can quickly start making a very good income for a few hours of work a month.
The other big draw to car auctions is that there are no dealers to argue with. Used car dealers are notorious for doing anything to sell a car. They have this reputation for a reason. By buying at auctions, you don’t have to worry about haggling over prices or having a salesman follow you all over the car lot.
Despite the obvious advantage of buying at auctions, I’m amazed how many people stay away because they think that the vehicles are in poor condition or that there’s some big ’secret’ to finding these car auctions.
These are the two biggest and most expensive myths about Car Auctions. . . .
Firstly, are there junky cars at these auctions? Yes. But are there great cars in great condition? Absolutely.
Over the years, I’ve bought many low-mileage seized autos that were in excellent condition. They were seized from a drug-dealer (or whatever type of criminal) by the police and auctioned off to help the local government raise money. I’ve also found a lot of great deals at Bank-repo auctions. Great cars in great condition that were simply repossessed by the bank because the person didn’t make their payments. . . . and I was there to take advantage of a great deal. I’ve bought a lot of higher-end cars from these two types of auctions (especially BMW’s) because criminals tend to drive nice cars and banks repo cars that someone thought they could afford but really couldn’t.
Another great source of what I like to call more ‘functional’ vehicles are government agency auctions. A lot of state & local agencies are constantly buying new vehicles for their fleet and selling off the old ones. Not just police but, environmental agencies, department of transportation, city inspectors, etc. all drive government owned cars. These are traditionally very well taken care of (they’re required to by law) and have relatively low mileage. These make great resales because they’re cheap, reliable cars and people (especially in this economy with these gas prices) are always looking for such cars.
How do you find the good deals at these auctions?
A lot of people are still scared away from auctions because they think they have to be a mechanic to be able to separate the good cars from the “lemons”. I admit, I fell into this group when I started. At almost every auction you can inspect the cars before submitting a bid. While you won’t be able to take them for a test drive, many will still come with a manufacturer’s warranty. I’ve bought a lot of ‘government’ cars without even seeing them because they are always in such good condition. But here’s a quick checklist which I recommend for anyone just starting out – this will help you avoid getting a ‘lemon’:
1. If possible, start the engine and listen for anything unusual (or to see if it starts at all). Note most auction sites will sell these cars “as-is”. If you’re able to get a look at the car while the engine is running, you’ll be able to tell a great deal about in what condition it’s in. Check the exhaust to make sure it’s clean, check the air conditioning, heat and all the power options (windows, seats, sunroof, etc. ).
2. Check for water damage under the seats, floor mats or in the trunk.
3. Lift the hood and check the oil. Check for white bubbles on the dipstick (this means there’s likely water in the oil tank) and check for any grains (i. e. sand or sediment). If the oil looks think and pasty it’s likely the car wasn’t regularly maintained. These aren’t necessarily deal breakers but I’d adjust my bid accordingly.
4. Check the transmission fluid too – you’ll want to see that’s it’s clean and not dark or sticky. Look at the tailpipe for excessive soot.
5. Check the exterior as well. This is easy and you’re really just looking for what condition it’s in. Is there rusting? If so how much? Look for paint bubbles or welding marks. Also, keep an eye out for slightly different shades of paint, rough surfaces or body panels out of alignment. Also, make sure and check the engine compartment for new bolts or bolts which don’t match in color.
As you get more comfortable with buying at car auctions you’ll learn what’s a ‘dealbreaker’ and what’s not. As I mentioned, unless a government car looks really bad in the picture, I’ll submit a bid without even looking at it. Even if a car I’ve just bought needs a tuneup, new brake pads or an alignment, I keep that in mind when I’m bidding. If I can make $2,000 on a resale, I’m happy to spend another $300-$400 to get it into shape. You’re still getting a great deal because of the purchase price.
I would also recommend (especially as you start out) getting a CarFax or AutoCheck vehicle history report. These are cheap ways to get a lot of information on the car you’re interested in.
When I started out, I got an AutoCheck report for every vehicle I was interested in and it gave me more than enough information to make an informed decision.
Even if you DO end up getting a ‘lemon’. . . i. e. you didn’t get an AutoCheck report and bought it sight unseen and it needs a new transmission that you don’t want to spend the money on? Then you can always sell it at the next auction. Someone will always want to buy it and fix it up. . .
How do you know what to bid?
Before bidding on any car you should know the “comps” or resale values. Look at Kelly Blue Book, Edmunds. com, the NADguides, the MMR prices (check out our website for more on this) and, of course, ebay motors and autotrader. com. Look for comparable cars with similar mileage and establish a range of prices. The low end of this range is you target bid price.
If the bidding gets too high just walk away. . . I remember something an experienced auto trader told me at my second auction when I was getting worked up about a BMW I was bidding on. “don’t get to excited kid. . . In this game, you always have another ‘at bat’ “. What he was saying is: don’t spend too much on a car because there is always another deal out there. I ended up letting that BMW go to someone else but I got another one a week later for several thousand less. I always try to remember that bit of advice.
How do you find these auctions?
A lot of these auctions can be tough to find. Only very recently have they started advertising online but most have had websites up for years. The result is. . . a simple “Google search” isn’t going to turn up anything.
You can always find some local auctions in the paper which is a good place to start. I’ve spent years compiling a list of these auctions by state which is another good resource to save you a lot of time and money. Check out my site for more.
The bottom line. You can’t afford NOT to look at car auctions.
I’ve been amazed at some of the deals I’ve found over the years at these auctions. It’s been enough to surpass my day job and for much less work. Even if you’re interested in just buying one car for yourself, you can’t afford NOT to look at a Car Auction. So what are you waiting for?!
Chris Chamberlain started going to Car Auctions in 2002 in the hopes of getting a good deal on a car for himself. Several years and hundreds are cars later he’s made a small fortune flipping cars. Check out http://www. officialgovernmentgrants. com to learn more on this and his other streams of income.
3 Ways to Save Money at a Car Auction
car auctions have gained popularity and accessibility over the years. What was once mainly closed to the public is now open for everybody to take advantage of. You can save tons of money just by going to one. But you can save even more money by following these 3 easy to remember steps that will maximize your savings.
1. Only pay up to or around the car’s trade-in value: You can find this value by using a Kelly’s Blue Book or Edmunds guide. Anything significantly over this price is not worth it because you can get the same car at a dealership with a warranty included.
2. Take a mechanic with you: Nothing would be worse than buying your dream car only to find out that it needs extensive repair work that can cost you hundreds of dollars. Remember that these cars are sold in as-is condition. So, have your mechanic check the engine, transmission, electrical system, etc. Basically give the car a through inspection before bidding on it.
3. Always arrive early: This will give you time to look at all the cars you want without the distraction of the crowd. It also gives you extra time to see what cars are popular for that day. In general, the cars that get a lot of attention also receive a lot of bids. Which can drive the price up. on the other hand, you will have less competition when bidding on the cars that received less attention. Thus, allowing you to walk away with a steal.
As long as you remember these three things you are well on your way towards saving big at the next auto auction you attend. Just arrive early, bring a mechanic and don’t pay more than the car’s trade-in value.
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Cheap Seized Car Auctions Local Venues Can Save You Money
If you are thinking of buying a new or used car for you or your family you are probably looking for an automobile that’s safe, reliable, and meets your own personal needs. After all you want to be comfortable with your choice of car seeing how you’ll be spending your hard earned money on it. And a great way to save money on your next car purchase is to find car auctions at local venues that give you great deals on seized and repossessed automobiles.
Starting your search online is a good way to find local car auctions as well as doing all your research before you ever leave the house. There are a variety of useful tools and resources on these auction sites that ensure that your car buying experience is smooth and easy.
If you are wondering how big of a bargain can you get you will probably be surprised at the amount of money you can save. One of the big attractions for bargain car shoppers is the fact that not a whole lot of people, other then car dealers and other hard core car buyers, know about theses auctions. And the sheer number of vehicles available makes it more then likely you can find what you are looking for.
Here’s why these cars can be had for so cheap. Every year thousand upon thousands of cars are seized by government agencies, local law enforcement agencies, the IRS, and banks. All these cars can’t be held in storage because the cost of storing and maintaining them is too high. Unless they are being held for criminal evidence most vehicles are quickly auctioned off at discount prices simply to get them out of the system. It works kind of like the after Christmas clearance sales; the retailers just want to get rid of all that stuff. This means bargain savings for you, the auction car buyer.
If you think about it seized car auctions local venues are like a clearing house of automotive choices. There’s really no other place you can find such great deals on new or used cars.
For more information about saving money on repossessed cars for sale near you please Click Here for Online Car Auctions.
3 Ways To Save Money At Police Seized Car Auctions
Saving money at at police seized car auction isn’t all that hard. You just go to one in your area and bid on the car you want to buy. . . you save money by just going to one period. But did you know that there are a couple of things you can do to maximize your savings? Check out the list below to keep more cash in your pocket.
1. Get there early. By arriving at the auction early, you will have the upper hand when it comes bidding time. You’ll have had plenty of time to inspect each and every car that catches your eye, in addition to knowing which cars everybody else is interested in buying. Remember that the cars that get the most attention will usually cost the most. So, you can save a huge amount of money by bidding on the car that nobody else seemed to notice. It could be something as small as the color that kept most people away, which can always be taken care of.
2. Bring a Kelly’s Blue Book. Would you go to a car dealership without knowing how much a car is actually worth? The same goes for police seized car auctions. You always want to know the value of the car before you bid so you don’t let your emotions get the best of you. Bidding wars are common and often result in paying more than the car is really worth.
3. Be choosy. Just like bidding on cars that are not that popular, you also want to go to auctions that everybody doesn’t know about. Not only will you get lower prices, they also tend to have better cars. You can find exclusive car auctions near you by joining a car auction listing service. They charge you a membership fee to keep the site up and the listings exclusive, but it’s well worth the money.
So, when attending your next police seized car auction just remember to arrive early to an auction that isn’t publicly advertised with your Kelly Blue Book in hand and you’ll be well on your way to saving a couple extra bucks. It also doesn’t hurt to bring a friend along to drive you there and keep you company. Good luck!
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Save Money On Your Next Care At A Repo Car Auction
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.
To learn more about researching repo car auctions visit our website at repo motorcycles.
How To Find British Car Auctions & Tips On Saving Money
There are plenty of ways to find car auctions in Britain. One way that we all know well is the search engines.
Type in british car auctions in your favorite search engine. One of the most popular websites for British car auctions is britishcarauctions. co. uk and it is a site direct to the public. With the workings of eBay you can sell your own car online and get top bids for it.
However buying a car on an online auction can be misleading because you never know whos trying to out bid you. On eBay a popular technique used by some sellers is to out bid you. So youre consistently raising your bids. Its an unethical strategy however its done more frequently over online auctions.
This is why youll need to find public car auctions that are not online. If youre not sure how to find these car auctions you should try your local yellow pages or white pages and then the internet. A popular British car auction is the Birmingham Car Auctions Ltd.
Buy Your Next Car And Save A Pretty Penny
Before you buy your next car at an auction heres a few things you might want to think about before heading down there.
1. Get a list of cars at the auction. You should always find out whats available before you go to an auction because there might be nothing youre interested in. Most car auctions will have a list of the type of cars.
2. Select a list of cars that you want to buy or are interested in. Its best to get more than 3 cars on your list just in case you lose out on a bid youll have another few cars that you can still buy
3. Research the market value of each car that youre interested in. Now with your list of cars run a check on online car auction sites or car sales sites. Find out the average cost for a new car of that model youre interested in and find out the average cost for a private sale. Now if the car auction youre attending has the mileage of each car than you can compare mileage and costs to find the average cost for the car youre trying to bid for.
4. Write down the maximum price youre willing to pay for each car you want to bid on at the auction. Once youve got the average cost for each car you should take off maybe 20% from the cost to buy it from a private seller and put that cost toward your bid at the auction.
Realistically if youre paying the same price to buy it now from a private seller you should just buy it from a private seller. However you have to factor in the traveling costs too.
If you find a car for sale by a private seller half way around England than you should fact the cost to travel there and back including the time involvement. This will help you figure out how much the car is really worth to you especially if the car auction is near where you live.
These are just some guidelines to buying and saving money at British car auctions however if youre new to this you might just want to head to an auction and see how everything works before you make your first purchase from one.
If you are looking for British Car Auctions online or trying to find Online Car Auctions, then we have reviewed the best places to find British Car Auctions
Car Auctions – Make Money Selling Used Cars – Auto Auction Tips
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3 Tips That Will Save You Money At Used Police Car Auctions
Used police car auctions are great places to go when you want to save a couple hundred or thousand of dollars off of your next car. The cars are usually in good condition, have clean titles and not to mention dirt cheap. But did you know that there are a couple of secrets that you can use to save even more money off your next car when attending a police auction? Follow these tips and you’ll be one your way to having some extra gas money.
1. Arrive early. I know this seems obvious, but you’d be surprised by the amount of people who overlook it or know to do it and brush it off. Getting there early gives you time to fully inspect each and every car that catch your eye. That way you’ll be able to notice any repairs it may need or damage it may have which would end up costing you extra money if you bought it. Arriving early also lets you observe the crowd and see what cars are getting the most attention. It’s those cars that you can be sure of that are going to end up costing more than they are probably worth because people will be more likely to enter a bidding war. One the other and the lonely car that nobody seems to notice might very well be a diamond in the rough that ends up saving you thousands.
2. Bring a Kelly’s Blue Book: By having one of these little things with you, you’ll be able to know approximately how much the car is worth and thus the maximum amount you should pay. Ideally, you want to pay at least a couple hundred less than what the car is really worth or there is no point of even going to an auction. But, most people that attend these auctions blindly go into bidding, get into a bidding competition with other and end up paying way more than the car is worth. So, keep your cool, know how much the car is worth and walk away if the price gets too high. There will be plenty of other great cars to come your way.
3. Don’t go to auctions announced in the newspaper. Why? You might ask. The reason is because everybody else knows about them! If everybody in the city will be there bidding on a limited amount of cars, the prices will shoot way up. You’re better off going to a car auction that not too many people know about. You can find these by going to a car auction website that contains a list of auctions in every state. You can only see the auctions by becoming an member, so they are kept relatively exclusive.
So, when looking to save money at your local used police car auction just remember to get there early, with your Kelly’s Blue Book in hand and never go to the ones that everybody and there mom knows about.
You can gain instant access to the hottest and most exclusive used car auctions to get your dream car for dirt cheap by joining a car auction site. But be careful about which one you choose because there are plenty of scams out there.
Be safe and visit MyCarAuctionReview. com for a review of the best sites out there that you can join.