On a monthly basis a huge number of used vehicles sometimes almost new cars and trucks are seized by different Government agencies and Police departments. Many are reposed by Banks then auctioned on the public. As a result of certain laws these vehicles are listed and sold for a discount, around 30% to 60% of their original value (some claim 90% to 95% but 60% is much more realistic) and these auto auctions often start their bidding at $100 – $500.
With today’s economic trouble many automobiles are now being reposed sending the speed of reposed cars to record highs. These used cars, trucks as well as other items are now flooding the population auto auctions few people learn about.
Auto auctions are a good resource to purchase a more affordable car to bring down gas, purchase a dream car for less, or buy and resell to give the savings on to consumers for any profit. Though there are some details to watch out for when purchasing a used car the benefits seem worth the chance to find out where these auctions are.
It will be worth having a few days, look for a handful of these auto auctions before selecting, see what they are like after which if it’s good for you, find a different one and after that invest some time and get the following car on sale not seen at the dealers.
Some pointers for getting used cars for sale and what to accomplish at auto auctions:
o To get the local auctions in your town search the newspaper for auto auctions or join a bidding site using a database of all the auctions in your town. Watch our site for one of the best auto auction sites with continual updated content and good customer satisfaction recommended by seized car buyers that buy these used vehicles for a living.
o You’ll want to have time for it to go over the cars available for sale and do any inspections of the cars your enthusiastic about prior to the auction. Some auto auctions provides you with a short time to inspect their used cars but some tend not to. It could be better to arrive couple of hours early ahead of the auction begins to consider the cars and get registered to the auction.
o The auctioneer speaks very quickly but you will get use with it after a few minutes. This is exactly why it could be best to take a moment and just go being an observer when you actually check out buy when you can. Otherwise not a problem, just give it a few momemts of listening before you begin to bid to successfully understand what has been said.
o Many auctions may necessitate a bank draft. Make sure you are able to afford in your bank to pay your check. Prepare yourself ahead of time. Usually you can make a $500 deposit on your purchase and spend the money for rest over a couple of days. But always check the auto auctions terms first.
o Bring a blue book or Edmunds book along with you to determine the value of the used cars for sale you need to bid on. When bidding aren’t getting depressed by a sale war attempt to stay 30% below blue book because there is also a bidding premium when you buy a vehicle of about 10% in the price shipped to you the bid at.
What to look at when buying a used car;
o Open all of the doors, truck and hood check the vin# about the dash as well as any on the doors, hood or truck stickers to ensure they all match should they don’t even tho it’s a possible stolen car.
o Perform a past and title check on the vin # a website called CheckAuto is a great source because of this kind of service it dose an incredibly thorough explore the car and can provide you with it’s entire history.
o Check the oil dipstick for dirt or sludge, if it’s cleanse it was well kept. Also look at the transmission dipstick for the similar or maybe if you will find there’s fowl smell in the transmission can often mean it had not been maintain properly.
o To discover the transmission, start the car put your foot around the brake and hold it there, then use it in drive and reverse to find out if there exists a clunking noise or slipping feeling while you hold the brake. Tend not to drive the car around that’s typically not allowed. When there is excessive noise it could mean there’s a problem and turn into away from that particular.
o Of course check every one of the lights turn signals, electronics etc so you know very well what should be repaired. In case there is anything wrong by it you will know over it prior to deciding to buying it. Or just don’t buying that one there’ll be plenty more to check out.
o Look for water damage and mold by looking underneath the carpet in the front and in the spine of the car; also seek out tube stains throughout the engine. If the car has been in a flood you most likely wouldn’t like to purchase it. The internal wiring will probably be corroding when it got wet.
These tips will allow you to prepare yourself of the items you may anticipate with an auction and determine what kind of car is a good deal. At these auto auctions some cars can be bought as they are, so it’s the responsibility of the buyer look at the condition from the car.
There’s bad and the good used vehicles used police cars and seized cars at these auctions. A lot of them come in good shape and several are nearly new and several originate from insurance providers which have been salvage from floods, car wrecks etc. It is important to do a history search to know what has happen with that vehicle your enthusiastic about.
When you’re saving 30% to 60% off retail price or below blue book it really is worth considering these actions and with the economy causing even more deals into the future in to these actions it is real good times save the a car or truck purchase.
To read more about free car history just go to this useful site