Why Public Car Auctions Has Become Really Popular
Ever imagined having your own Bentley or owning a 1973 For Mustang without spending a fortune? That’s superb. Imagine, you don’t have to wait years and work at least three jobs just to have one of these fine cars. They may not be brand new but owning just one of them is like championing a marathon.
Public car auctions have been very public nowadays. If you are looking for a cheap car just for the simple reason of transportation, well you have come to the right place. Since this public event comprises a large number of participants, you need to raise your bid to be able to get that dream car of yours.
If you are a newbie in this type of car dealership, don’t get too engrossed in getting the car that you eyed, especially if it exceeds your budget. You can try public auctions for experience and don’t fret if you got home empty-handed. The idea of participating is enough on your first visit, unless you really need to purchase a car at the exact moment.
Once you decided to get the car, set the budget. It is normal that the type of car you want may not be up to the price you can afford. Word of advice, pick out at least three possible car options – walk away if the first choice doesn’t work for you. Remember, there are other buyers who might also want the same vehicle.
Federal Auto Auction and Public Auto Auctions
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Advice For Attending Public Car Auctions
Public car auctions are rapidly becoming popular all over the United States; those who are able to gain access to these auctions often go and buy cars from them at a great discount either for their own enjoyment or to turn around and sell for profit. .
These auctions are held in every state, and there’s probably one happening near you. They can be government subsidized auctions, police auctions and dealer auctions. In recent days, as Internet gets more popular with the general public, there are also online car auctions. Some of those auctions have a large inventory full of seized and repossessed property, may sell not only cars but also trucks, vans, boats, and other types of major items, usually at a great discount.
One major piece of advice about attending these government and police auctions is that you should keep in mind that the vehicles being sold off are usually confiscated from people who had gotten into trouble with the law. This means that while the cars may look new and great from the outside, there may be hidden content inside the vehicle left by their former owners, so definitely bring someone you trust who knows about inspecting cars to help you look over the vehicle you are interested in.
Buying a car at an auctions, as with any kind of business transaction, you should first check that you are dealing with a verified organization, so that you can to rely on the continued quality of their service and merchandise once you have made your purchase.
Other people attending these auctions can include used car dealers, who often go to bid on these cars, sometimes buying many of them so they can stock their own dealership lots. You will get a better bargain if you don’t try to compete with these professional dealers who know all about the market price of these cars and buy from auctions often.
That’s why before you go to these used car auctions, you should first do some careful research on the types and models of vehicles that you may be interested in, so that when you come across likely looking ones you will be in a better position to judge exactly the sort of discount you can get at these police and government auctions.
You might be asking, how do you find out the next auction that will be held near you? Well, there’s a lot of information available online, of course. Some of these databases are free, but as with many things in life, free information is usually only worth what you pay for it. Truly useful websites with clean up-to-date auction information will generally charge a small fee for access.
Have a great time buying the car of your dreams at low prices on auction!
Sally Wilson is not only a writer but also appreciates fine cars. Find out how she affords the lovely sports and luxury cars she drives at Buy Cars On Auction.
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 Free Public Car Auction Tips That Will Save You Thousands
You can save at least a couple hundred of dollars by going to a free public car auction. But, did you know that there are some extra things you can do that will save you even more moolah? Check out the top three below:
1. Bring a Kelly’s Blue Book. This is always a good thing to have when buying a car no matter where you go in order to avoid over paying. Although you can get great deals at a public car auction, you can also end up paying too much because the prices are not set. So, if a lot of people want the car you are bidding on there is a good chance that a bidding war will begin and the price of the car will skyrocket.
I doubt you want to pay more than the car is really worth. Or else what’s the point of even going to the auction. In the first place. So be sure to know what the car is worth before bidding!
2. Get There Early. By getting there early you’ll have the chance to avoid the crowd and get to really look at every car you like without feeling pressured to hurry up and finish. It will also give you a good idea of which cars are popular and will probably end up costing the most.
3. Be Picky. By going to a free public car auction that one everybody doesn’t know about will allow you to save the most money. Since not too many people will be there, you’ll have less competition when bidding and thus, a lower price.
You can find dozens of unadvertised car auctions open to the public by using a car auction listing service. They are easy to use and maintain exclusivity by charging a small membership fee that keeps the listings private and constantly updated.
Now that you know how to save even more money when attending a free public car auction by bringing a Kelly’s Blue Book, getting there early and going to exclusive auctions, the only thing left to do is find one in your area. Good luck and have fun!
Did you know how much money you save at a free public car auction all depends on which one you go to? Find the best and most exclusive auctions in your city by visiting MyCarAuctionReview. com.
Public Car Auctions And Online Car Auctions
If you’ve ever been to a public car auction then you’ll know that its very standard and simple. Upon arriving at a public auction you’ll be required to present some id and sign in. You’ll be given a number so you can start bidding on items during the day. Usually at public car auctions you’ll be allowed to inspect the cars before they go on auction.
When inspecting cars make sure you know a little bit about cars first. Each car will have an information tab that will tell you what’s wrong with it if there is a problem. These public car auctions have to tell you if the car is in good condition or not. But never fear if you buy a car from an auction and it won’t work even if it says its in good conditioning you’re covered under their terms and conditions.
Now if your serious about buying a car or cars from public auctions you should know how much you want to pay for each car. So do some research on cars and prices before you go to the auction so you can get a better idea on how much you’re saving. You might not always win al your bids so write down all the cars you want to buy and then decide which ones you want when you’re bidding for them.
Ok we now understand public car auctions but what about online car auctions and what’s the difference?
There’s not much difference between how the work however the biggest difference is that you won’t be inspecting the cars before you buy them so its like buying clothes on the internet not know if it fits right. However and this is a big however, you’re allowed to send any cars you buy online back if it has been misrepresented.
This means that if you’re buying a car from an online car auction and it says it comes in blue and you get the car in pink, you can send it back and get a refund. If you’re wondering that the benefits are of buying from cars from an online auction here it is:
- Search for cars without having to go to the auction sites
- Bid for them in your own time from anywhere around the world
- Your protected by the online car auction for misrepresentation
- There are 4 top websites that consistently have auctions going every week
So if you’re interested in buying cars from public auctions you now have two ways to do so.
Public Car Auctions and Online Car Auctions website reviews so you know how and where to find cheap cars online.
Car Auction open to the Public Mitsubishi Galant 2001
www.interstateautoauction.com Bid live online anywhere in the world. We now have Paypal 2001 Mitsubishi Mitsubishi shown by Dennis. almost 300 cars per week.
The Truth About Used Car Public Auctions
I’m pretty sure by now you’ve heard plenty of stories about used car public auctions. From saving thousands at a cheap auction to tell sell nothing buy junk, the stories differ from one extreme to the other. But which ones are true and which ones are coming from hear say? Well the answer is pretty simple: You can save thousands of dollars off of well maintained used car. But, they are not all created equal.
Since most of the cars at a used car public auction are seized by the government, police, bank, etc. , the cars are usually in good condition. With the current downturn of the economy, a lot of people are getting their cars seized because they simply cannot afford their payments, owe back taxes, or have gotten their car impounded and cannot afford the impound fee. So, you can drive away with good car for next to nothing.
But, that doesn’t mean that all of the cars sold there are in perfect condition. So, you really need to give each and every car you are bidding on a good inspection before you consider buying. Remember that all of these cars are sold in as-is condition, which means once you buy it, the auction house is not responsible for any repairs it might need. It might need something as small as new brakes or an oil change. Or something major like a new transmission. So, it would be in your best interest to take a mechanic along with you.
So, used public car auctions are more of a dream than a scheme. While you can get great cars for pennies on the dollar, there is also a slim chance that you will run across a couple of beaters. But, you can avoid them altogether by bringing a mechanic with you or giving the car a good inspection yourself before bidding. Either way you go, you’re bound to come across some real bargains.
Did you know that some used car auctions have cars for under $1,000? Yep, it’s pretty cool. Want to know where to find one? Then visit MyCarAuctionReview. com for a review of the best car auction sites around.
Public Car Auction
Over the last couple of years, public car auctions, which were usually thought to be closed to general public, has become more open to the public at large. There are hundreds of public car auctions that are now available to the general public. As a matter of fact, if you know where to go and where to look, you will certainly get one of the best deals in a public car auction. Surprisingly these cars come from a variety of sources. From Police repossessions, to IRS repossessions, from trade in at new car dealerships, you name the source, be assured there is a car from that source. Infact going to a public car auction is this is a great way to save yourself time, money when looking to purchase a new car.
Once you have decided the car you want, start bidding on it. If the bidding gets beyond your budget, you can always drop out and walk away from the auction. Let someone else have the car as it suits their budget maybe. Don’t worry about losing a car, there is always the next car coming for auction. One way to stay ahead is to research the car auction before you go and bid there. Find out some details from the staff there as to the detailed listings of the cars being sold. Before you start bidding, decide on the limits of your budget. As soon as you feel the bidding is going on the higher side, drop out of the auction and wait for the next car.
Most people do not consider the fact that buying cars in a public car auction can be an excellent source of investment. You buy at a low price and sell at the normal asking price i. e. you will be making a decent profit. Similar to all auctions, public car auctions too attract all forms of investors and future car owners.
One of the main reasons why people buy cars at auctions is that they can get to buy a great used car at much lower prices than the market rates. Apart from that is the availability of a wide range of cars if they loose the first car of their choice.
Another way you can also consider is online auctions, which are usually public car auctions. Online car auction websites are a great way of finding a bargain car while sitting comfortably in front your computer. It is amazing how many car deals are closed every day, again through online car auction venues. So if you are after your new vehicle, try it.
“Live Public Car Auction”
Your viewing an example of the Allentown Auto Auction!