Government Seized Car Auctions ? 5 Key Tips to Getting your Choice Wheels
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.
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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.
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
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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.