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For a Bargin Try Used Car Auctions

March 1, 2009 by amabq · Leave a Comment 

Used car auctions are great ways to purchase cars at deep discount.  Not only can great deals on used cars be found there, but also some incredible higher model cars too..  A lot of people buy these cars either to drive themselves or to mark up for future sale.  A little information can make an auction an even better experience.

Some of what can go wrong includes buying a bad car.  There are lemons at auctions too.  The rule of the auction jungle is “as is”.  Remember the old Sesame Street skit in which a man looks over a car with “as is” in the window  He makes a cursory look at the car, but every question is met with “the car is as is” from the salesman.  After the sale is final the buyer tries to drive the car, but the doors fall off and the engine explodes.  He exclaims “I want the car as was!”  Don’t be like that man.

Car auctions generally give potential buyers time to look over the cars.  Avoid the auctions that don’t.  Take the time to do some leg work.  Inspect and take a spin in the interesting autos.  Bring a mechanic to provide an expert eye.  If that isn’t possible, at least drive the car for an inspection during the test drive.  It doesn’t take long to check key components like the engine and breaks.  Check other elements for damage.  This includes the body, upholstery, and bumpers .

Another problem is inherent in auctions.  People assume that the auction price will be a great deal, but often it ends up being more expensive than purchasing the item through a normal sales process.  That holds true for car auctions too.  Bidding might rise beyond the real value of the car.  Add the fees often associated with the auction and it means great care must be taken to know the real value of a car.  Know the prices of similar models in similar conditions from Kelly Blue Book or other sales data.  With Internet enabled phones and the like it’s now easy to look up this information while on site.  It’s pretty foolish to pay more for a car than it’s worth even if it’s an eye catcher.

What You Can Obtain From Online Car Auction Websites

December 12, 2008 by amabq · Leave a Comment 

online auto auctions

For the most part, one of the biggest financial decisions for families is buying a vehicle, whether it is new or used. While not as big of a financial commitment as a house, people still want to drive away in their new car with the feeling that they got a great deal, at a great price. Helping people to enjoy that feeling are online car auction websites, which feature a range of vehicles, from seized cars to cars being sold by individuals.

One of the best things about the online auto auctions is that, while searching the internet for just the right vehicle to meet the needs of you and your family, you can also take advantage of that same technology to do the research that will help you to know whether or not you really are getting a great deal on the car. Having that kind of research in hand, which includes digging up the Kelly Blue Book price to give you a good idea of the fair market value of the vehicle, will help you know when to stop bidding so that you don’t get carried away and end up paying too much because you got sucked into a bidding war.

Many people have said that one of the reasons why they started looking for a vehicle through online car auction websites was that it provided an opportunity to sidestep the used car salesmen. The fact is that there is quite a bit of truth in all of the standard jokes and stories about used car salesmen and the tactics they use, and all of that can be eliminated by purchasing a vehicle through motor car auctions.

As you prepare to make your first vehicle purchase through an online used car auction, you should register with at least a few of the different online car auction websites and spend some time getting familiar with every aspect of the website and the online auto auction proceedings and policies. Watch a few auctions on all of the sites that you are registered with to see how things progress and to get a feel for the “culture” of the different online auto auction sites. You will more than likely start to feel that one of the sites feels like the best place for you to try your hand at getting the winning bid on a car.

The websites that run the online auto auctions usually have a filtering function that will allow you to search for certain types of vehicles and to search in a certain area near your home. You might find that you have plenty of choices within just a five mile radius of your home, or you may have to extend the search criteria for areas that are farther away from your location. You will want to restrict the search area to a distance that you are comfortable driving to so that you can do an inspection and take the vehicle for a test drive.

Vehicle history reports are also a very good way to gain additional information about the specific automobile that you are thinking about making a bid on. There are some of the online car auction websites that allow you to buy those reports, while others will link to services that offer those types of reports. You should try to do as much research as you can before making any bid because with a used car auction, the sale is final and there are no warranties.

Japanese Used Car Auctions Are Reasonable Priced For Anyone Searching For A Car

November 21, 2008 by amabq · Leave a Comment 

auto auctions

Buying a used vehicle through various types of motor car auctions has become a more popular method of acquiring a used vehicle. Of course, people like the fact that they can save money through auto auctions and avoid having to interact with a car salesman, which is an added bonus. People who are particularly interested in getting a Japanese model car or truck should seek out a Japanese used car auction in their area.

While all kinds of different auctions are getting increasingly popular, from the online car auction sites to the functions held at car auction houses, it seems the Japanese car auction events are gaining in popularity even faster than other types. Part of the reason for this is the general popularity of the Japanese cars these days because of their overall reliability and because they get better gas mileage than many American made vehicles.

Because of these factors, many more people are starting to consider Japanese models, as they represent some of the best values on the market today. Combine that with the prices that people can get through a Japanese used car auction and it makes a lot of sense to try to locate these special types of used car auctions in your area.

There are many different types of vehicle auctions these days that will often feature Japanese car models, as well as many others brands of vehicles. A great number of the cars that are sold at any kind of car auto auction are seized cars and repossessed cars. These are cars that have been seized by a governmental agency because of some type of illegal activity on the part of the owner, or they have been repossessed by the financial lending institution because of failure to pay on the debt.

No matter what type of public car auction you attend, whether it is for a used Japanese car or a collector car, there are some basic things that must be understood about how all motor car auctions work. First of all, you need to either have cash, a cashier’s check or a pre-approved loan before you can even register at the auction and participate in the bidding.

The reason why you have to have the money upfront is that all sales at auto auctions are final and you are expected to pay for the vehicle as soon as the auction is over. Because sales are final, you also need to be confident in your ability to spot any problems that a used car has during the brief inspection time that you will have before the bidding starts.

The bottom line is that a Japanese used car auction has the potential to help you get our favorite model of Japanese vehicle at a better price than you will find anywhere else. The tradeoff is that all of the cars that are sold through used car auctions are sold “as is” and they don’t come with any kind of warranty or guarantee. And sales are final, so once you win the bid, any problems with the car are yours to take care of without any support from the seller.

You Can Find Your Car From Government Car Auctions

November 12, 2008 by amabq · Leave a Comment 

seized car auctions

It is no secret that government agencies at the local, state and federal levels regularly hold used car auctions. However, most people do not know where to find these kinds of auctions or how to be a participant. The government car auctions can be a wonderful source for getting your hands on a tremendously discounted vehicle. It is well worth the time to learn about them.

Many people are only interested in a government car auto to get a reliable car for the family and save some money in the process. However, there are some people who turn big profits by frequenting these government auctions, snapping up all the deals they can, and then turning around and selling these same vehicles at their used car dealership for twice the price, or more, of what they paid at the auction.

However, it should be noted that these dealers don’t always make a windfall profit when they buy vehicles from government car auctions. This is because the cars sold through these public auto auctions are sold on an “as is” basis and they do not have any kind of guarantee or warranty on the condition of the vehicle; all sales are final.

For the car dealer who uses a government car auction to get a number of cars for his dealership on a regular basis, this means that there will be a percentage of the cars that are in need of a considerable amount of repair work before they can be resold. Most of the time, these dealers have a staff of mechanics that can deal with these problems, so in many ways it can be better that the dealers get these cars that have hidden problems because they can handle these issues more easily than an average consumer can.

For people who have the skills and equipment to work on cars themselves, a government car auction can be the perfect way to get a car at a price that is almost a steal. But, if you don’t know a lot about the mechanical workings of a car, then it might not be quite as wonderful. The car you end up bidding on and winning may be reliable, or it could be a lemon. Just keep in mind that it is the responsibility of the bidder to determine the condition of the vehicle before they start bidding on it. Once you are awarded the winning bid, you are committed and the car is yours.

You will find that you will get the most unbelievable prices at the government car auctions if you attend one that hasn’t been widely publicized, since few people will be there to bid against you. Do some detective work to track down the information on the local government auto auctions, instead of waiting around for ads about the events. If you put in the time to get the car auto auction schedules, then you will probably end up saving a huge amount of money when you are ready to bid and buy.

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