The Internet has provided the public with a useful and convenient tool that makes it easier to do all manner of things than it used to be. One of these things, oddly enough, is the sale of motor vehicles. It seems strange that cars would sell well on the Web, as one would think that buyers would want to "kick the tires" before making a purchase. The success of eBay Motors, AutoTrader and other online sites devoted to the sale of motor vehicles would suggest otherwise, as business at those sites is thriving.
Consumers who wish to purchase a vehicle online should be aware of a popular scam perpetrated by crooks who wish to steal your money - the wire transfer scam. The seller offers a vehicle for sale that he or she doesn't really have; they often just post a stock photo or one they found somewhere. The sellers often indicate that they are located in Europe, and they insist on a wire transfer, such as Western Union, for payment. Once the buyer sends the money, the seller vanishes, never to be heard from again.
This scam has been going on for some time, and most of the online auto auction sites encourage their customers never to pay for a vehicle using a wire transfer, even if the seller promises to use escrow to ensure the safety of the transaction.
Here are a few tips for those people who are shopping for a vehicle online:
# Ask the seller if you can stop by and see the vehicle in person. Someone who doesn't actually have the vehicle in his or her possession will almost certainly refuse. Even if you have no intention of paying a visit, just asking to see it could be useful.
# Watch out for auctions that feature stock photos or photos from brochures. Anyone with a real car to sell should be able to take a picture of it.
# Beware of any seller who will only accept a wire transfer for payment.
# Beware of a seller who says the vehicle is in another country but offers to pay the shipping to the United States. This is a common ruse used by scammers in other countries.
# Watch out for a vehicle that is offered for sale at a price that seems too inexpensive for the model. A $25,000 car offered for $10,000 should set off bells in your head.
# If on eBay, check the seller's transaction history to see if they have a record of actually selling vehicles. Scammers sometimes hack into eBay user accounts and sell using the name of another, established user. If the seller is selling a Harley but has a history of only buying compact discs, watch out.
While buying a vehicle through online auction sites is a good way to purchase one, buyers should exercise the same cautions as when they buy anything else on the Internet. If you are buying an expensive item and you are not familiar with the seller, be careful.
Source : Arcog.com, Retro Marketing, Charles Essmeier
Wednesday, October 22, 2008
Sunday, October 5, 2008
How To Find Great Automobile Deals - A Short Car Auction Guide
Attending automobile auctions is a great way to find good deals on automobiles that have been seized by government entities if they were used in the commission of a crime or by private financial institutions if the original owner was not able to make all of the payments required.
Contrary to popular belief, attending car auctions is not a sure fire way to find a vast array of automobiles being sold at below value. On the contrary, most vehicles sold at car auctions tend to go for their approximate value. Nevertheless, with careful research and planning, it is possible to find cars at auction that sell below their blue book value.
Car auction attendees tend to fall into two categories. The first, and most common, is the interested novice who read about the auction in a newspaper or heard about it in a radio advertisement. Lured by the promise of below market automobile purchases, they head to the auction site unprepared and bid on any automobile that strikes their fancy. They typically either leave the auction empty handed or in an automobile that they paid far too much for.
The other type of auction attendee is the one who does his homework and takes advantage of opportunities to inspect the vehicles in the days leading up to the auction. This latter individual is much more likely to walk away from the auction either with a bargain or with nothing at all.
The most important thing to remember about car auctions is the following simple and often disappointing fact - the vast majority of cars sold at auction are sold at or above blue book value. This is surprising to hear since most television and radio advertisements for car auctions trumpet the vast savings that can be had.
Most people who attend car auctions are either used car vendors or savvy civilians. Most of them know exactly how much a car is worth, and many have deep pockets that can bid on all of the best deals. A few such individual can drive bids on all of the automobiles up to or beyond their actual value.
The only way to come out ahead in a car auction is to be smarter than the other bidders. Remember that many of the automobiles on the auction block have been flooded, wrecked, stolen, or may have been mistreated in a number of other ways.
Any reputable car auction will make all cars on the block available for inspection a few days before the auction. It is a good idea to run a title check on any automobile that you are interested in purchasing. While the auction is supposed to run title checks as well, they are not always entirely trust worthy.
The smart buyer will record then vehicle identification (VIN) number themselves and run a title check later, or phone the VIN to someone and have them run the check for them. They can get faster information this way and know quickly whether to pursue the car further or look elsewhere.
By the time the auction commences, it is important to know which cars the buyer is interested in and how much they are willing to pay. The worst mistake that can be made at this point is to get caught up in the emotional frenzy of bidding. If the price goes beyond what the buyer wishes to pay, then no more bids should be made.
Source : Arcog.com
Contrary to popular belief, attending car auctions is not a sure fire way to find a vast array of automobiles being sold at below value. On the contrary, most vehicles sold at car auctions tend to go for their approximate value. Nevertheless, with careful research and planning, it is possible to find cars at auction that sell below their blue book value.
Car auction attendees tend to fall into two categories. The first, and most common, is the interested novice who read about the auction in a newspaper or heard about it in a radio advertisement. Lured by the promise of below market automobile purchases, they head to the auction site unprepared and bid on any automobile that strikes their fancy. They typically either leave the auction empty handed or in an automobile that they paid far too much for.
The other type of auction attendee is the one who does his homework and takes advantage of opportunities to inspect the vehicles in the days leading up to the auction. This latter individual is much more likely to walk away from the auction either with a bargain or with nothing at all.
The most important thing to remember about car auctions is the following simple and often disappointing fact - the vast majority of cars sold at auction are sold at or above blue book value. This is surprising to hear since most television and radio advertisements for car auctions trumpet the vast savings that can be had.
Most people who attend car auctions are either used car vendors or savvy civilians. Most of them know exactly how much a car is worth, and many have deep pockets that can bid on all of the best deals. A few such individual can drive bids on all of the automobiles up to or beyond their actual value.
The only way to come out ahead in a car auction is to be smarter than the other bidders. Remember that many of the automobiles on the auction block have been flooded, wrecked, stolen, or may have been mistreated in a number of other ways.
Any reputable car auction will make all cars on the block available for inspection a few days before the auction. It is a good idea to run a title check on any automobile that you are interested in purchasing. While the auction is supposed to run title checks as well, they are not always entirely trust worthy.
The smart buyer will record then vehicle identification (VIN) number themselves and run a title check later, or phone the VIN to someone and have them run the check for them. They can get faster information this way and know quickly whether to pursue the car further or look elsewhere.
By the time the auction commences, it is important to know which cars the buyer is interested in and how much they are willing to pay. The worst mistake that can be made at this point is to get caught up in the emotional frenzy of bidding. If the price goes beyond what the buyer wishes to pay, then no more bids should be made.
Source : Arcog.com
Monday, September 22, 2008
State Car Auctions
State car auctions are very similar to local state auctions. The only difference is that the vehicles have been obtained through an arrest of some kind. Often, the vehicles have been used in an illegal action.
State car auctions are held at the state offices. In Michigan, that would be in the city of Lansing. Here the titles are ran and the vehicles are put up at ridiculously low amounts. An experienced dealer can walk away with a real steal. Not too often is the public invite unless the vehicle becomes difficult to move.
The monies taken in from state car auctions commonly go to government accounts. No one really profits, well at least they're not suppose to. Police stations sometimes hold government auctions and state vehicles are auctioned off.
Typically, you will see specialty SUV's, police cars, and other government vehicles auctioned at a government auction as well. Those working within the government can only purchase these vehicles.
Most of these vehicles are in good condition. The state has hired someone to repair the vehicles. The vehicles are equipped with bulletproof glass, GPS tracking system, and all of the toys you could imagine.
Some authentic material can be purchased on sites like EBAY. Even then, why buy something you can research in your local library or online. The buyer really needs to pay attention to what he is buying.
Beware of websites that promote themselves as "a gateway to State car auctions". These sites charge for their services. The material they provide you with is nothing but old material. You could find stuff at your local library if you look hard enough. For $99 or more, they send you a list of government auctions that are boggiest.
Source : Arcog.com
Tuesday, September 9, 2008
Sourcing For Cars To Sell In Ebay Car Auctions
Selling high-priced items such as ebay car auctions is getting more and more popular these days. In fact, according to ebay motors, a vehicle is sold very 10 seconds, a car part or accessories is sold every second. Over 10 million shoppers visit ebay motors every month looking to buy cars or car parts.
The reason why ebay car auctions are popular among ebay sellers is pretty obvious since the profits per sale are high. You only need to sell 1 to 2 cars on ebay motors each month to make a handsome profit.
So how do you find cars to sell on ebay motors? Basically I have used 2 ways.
Car Dealers
Believe it or not, there are still a lot of car dealers who are still advertising offline via the usual marketing methods such as advertising in car magazines, posters, tv and radio.
From my personal experience, the main reason why these car dealers do not sell on ebay motors is not because they do not know about ebay. It is because they do not have technical knowledge of uploading photos, putting auction description and such. One car dealer I know of have not touched a computer in his life!
So this is where you can come in and offer your services and in return if the car is sold successfully on ebay motors, you get a commission. I don't need to tell you even if it is a just 2 percent commission, you could still get a few hundred dollars easily.
Classified Ads
If you flip through your daily newspapers, you can probably find a lot of people trying to sell their cars in the classified ads section. Some of these people have been advertising for quite a while which could mean they did not manage to sell their cars.
You could contact them and offer to sell their car. Since they could not sell their car, it should not be too difficult to convince them to give you a shot at selling it. In return, you arrange with the car owner to receive a small commission for your work.
The above 2 methods have worked well for me. The good thing about both methods is you get to pick which cars you want to sell particularly for classified ads. If you have been on ebay motors for a while, you will realize certain types of cars sell better and more easily than others. Examples are classic or vintage cars. Basically cars that are rare or unusual.
One thing you have to note is most car dealers will probably not give you a exclusive time period to sell the car. Therefore in your auction, always state the car is on sale on other sites or other ways and that you reserve the right to end the auction early.
Source : Ricky Lim
The reason why ebay car auctions are popular among ebay sellers is pretty obvious since the profits per sale are high. You only need to sell 1 to 2 cars on ebay motors each month to make a handsome profit.
So how do you find cars to sell on ebay motors? Basically I have used 2 ways.
Car Dealers
Believe it or not, there are still a lot of car dealers who are still advertising offline via the usual marketing methods such as advertising in car magazines, posters, tv and radio.
From my personal experience, the main reason why these car dealers do not sell on ebay motors is not because they do not know about ebay. It is because they do not have technical knowledge of uploading photos, putting auction description and such. One car dealer I know of have not touched a computer in his life!
So this is where you can come in and offer your services and in return if the car is sold successfully on ebay motors, you get a commission. I don't need to tell you even if it is a just 2 percent commission, you could still get a few hundred dollars easily.
Classified Ads
If you flip through your daily newspapers, you can probably find a lot of people trying to sell their cars in the classified ads section. Some of these people have been advertising for quite a while which could mean they did not manage to sell their cars.
You could contact them and offer to sell their car. Since they could not sell their car, it should not be too difficult to convince them to give you a shot at selling it. In return, you arrange with the car owner to receive a small commission for your work.
The above 2 methods have worked well for me. The good thing about both methods is you get to pick which cars you want to sell particularly for classified ads. If you have been on ebay motors for a while, you will realize certain types of cars sell better and more easily than others. Examples are classic or vintage cars. Basically cars that are rare or unusual.
One thing you have to note is most car dealers will probably not give you a exclusive time period to sell the car. Therefore in your auction, always state the car is on sale on other sites or other ways and that you reserve the right to end the auction early.
Source : Ricky Lim
Tuesday, September 2, 2008
Shop At A Car Auction For The Perfect Car
If you are hunting for a car, there are many places you can look. There are new car dealers, used car dealers, those who are selling their car privately, and car auctions. You have a multitude of resources at your disposal to find a great car. Some of these resources are better than others when you are attempting to find the right car for you.
The first question you must answer is what kind of car are you looking for? What are your purposes for getting the car and what will it be used for? What is your budget and realistic price range for the car? Answering these questions will be very helpful before you go off and buy a car. Going to a car auction can be a great and undiscovered way to find the right car for you.
I'll admit that I was a bit leery when a friend suggested that my husband and I visit a car auction or two before we purchased a car for our family. I really didn't know anything about car auctions, but I went along to see what we could learn and possibly to get a great car. We knew we were looking for a family car that could comfortable hold six people. Obviously that narrows down our options either to a van, mini van, or suv. We were aware of these limitations and yet we didn't have an overly large budget to spend. Quite frankly, we were not expecting to find anything that worked.
If you are looking for a great car, I would highly suggest going to a car auction. Basically, a car auction happens when cars have been leased and then are put up for sale to the public. Often car auctions happen in large cities and gather hundreds of people. You have to know what you are looking for then be insistent about finding it. The great thing about going to a car auction is that you can usually find great deals as discounted prices. It is likely that you will get a better deal on a car at a car auction than you will even at a used car dealership.
You can find out about car auctions online, through word of mouth, or even sometimes in newspapers. Check for updates on car auctions once a week so that you do not miss out on any great sales. If you are looking for a great vehicle or two, don't forget to look at car auctions. You may be surprised how much time, money and energy you save looking all in one place
during one day.
By: Analeese Burnabaker
Monday, August 18, 2008
Find a deal at the car auction
You have decided to buy a car and seriously thinking of buying a car from a car auction. You may (or may not) get an excellent bargain from a car auction. Gone are the days when only car dealers would be allowed to take part in auto auctions. They would buy the cars from such auctions, recondition the cars and sell it to you after a fatter profit margin. You can easily take part in a public car auction, and enjoy it too.
Experienced people and professionals in the industry expect the buyers to be careful while buying a car from an auction. Here is a run through the process and the issues to be kept in mind while taking part in a car auction.
Once you arrive at the auction place, you may be needed to register yourself first. This includes details like name, address, etc. Some car auction places may need some amount to be deposited with them. Some car auction may need cash while some may need bank draft. You should inquire about these procedures in advance.
Once the registration process is done with, you can inspect the cars on auction. Some car auction markets may not allow you to do so immediately before the auction. Such car auction places have fixed days for inspection. Always be accompanied by a mechanic of your choice for inspection. It is worth remembering that beauty of a car is skin-deep only. You shouldn't end with a car with nonfunctional engine and twisted rear axle. Mechanic is the right person to take a call on the condition of the car. Never forget to look for car history report. Spend few dollars to get one such report.
Bid process starts with start bid. This amount is usually the price below which auction won't take place or there is reserved price for that car. Do not immediately start bidding. Let few people start bidding and then only jump into the fray. If there are no other bidders then only start you bidding for the car of your choice. You may end with the same amount as the final price of the car.
Experts in the field suggest that you should not let your emotions take the decision. Always bind yourself with a final price. If the bid amount crosses that limit, take yourself out of bidding. Remember, there is always some other car waiting for you.
Source : Arcog.com, Ted Belfour
Experienced people and professionals in the industry expect the buyers to be careful while buying a car from an auction. Here is a run through the process and the issues to be kept in mind while taking part in a car auction.
Once you arrive at the auction place, you may be needed to register yourself first. This includes details like name, address, etc. Some car auction places may need some amount to be deposited with them. Some car auction may need cash while some may need bank draft. You should inquire about these procedures in advance.
Once the registration process is done with, you can inspect the cars on auction. Some car auction markets may not allow you to do so immediately before the auction. Such car auction places have fixed days for inspection. Always be accompanied by a mechanic of your choice for inspection. It is worth remembering that beauty of a car is skin-deep only. You shouldn't end with a car with nonfunctional engine and twisted rear axle. Mechanic is the right person to take a call on the condition of the car. Never forget to look for car history report. Spend few dollars to get one such report.
Bid process starts with start bid. This amount is usually the price below which auction won't take place or there is reserved price for that car. Do not immediately start bidding. Let few people start bidding and then only jump into the fray. If there are no other bidders then only start you bidding for the car of your choice. You may end with the same amount as the final price of the car.
Experts in the field suggest that you should not let your emotions take the decision. Always bind yourself with a final price. If the bid amount crosses that limit, take yourself out of bidding. Remember, there is always some other car waiting for you.
Source : Arcog.com, Ted Belfour
Wednesday, August 13, 2008
8 Tips For Buying Cars At Government Auctions
Majority of cars at government auctions have been reclaimed from individuals who failed to pay their government loans, from criminals or "retired" police cars as well as other government cars that are not anymore in service.
At government auctions, you usually can find a variety of models and makes, even classic cars not available at dealerships. In general government auctions are held at specific locations regularly usually every month. Refer to your local newspaper for details and listings.
Anybody can participate and yes, it is very possible to get great deals. Here are tips to help you:
1. Before participating, verify first with the appropriate agency that indeed, such an auction is associated with them, because there are a lot of auctions that represent themselves illegally as being sponsored by the government.
2. Buying a car at government auctions means that you have to set first your target price before you go and participate. Establish your "target price" for the specific type of car you want to buy by consulting an online car-buying website and then base this number on the invoice price of the car you are aiming for.
3. You have to be at the auction site early to do the following:
(a) Consider a few cars only. Obtain a list of cars ahead of time then narrow your choices down to only a few which fit your requirements.
Generally, the auctioneers provides the make, model, year and VIN or "vehicle identification number" for every vehicle of your choice, plus the total car miles in the odometer.
(b) Note down the VIN of a car that you are interested and either use your computer notebook or call somebody at home to quickly check the car with an online car-buying website in order to discover whether or not there is evidence of flood damage, odometer fraud, major accidents, etc.
(c) Carefully inspect all the cars of your interest. Thoroughly look inside the interior and exterior and start the car's engine, but remember, you are not allowed to go for a "test drive".
Tips for buying a car at government auctions:
1. Take into consideration costly mechanical car problem possibilities, because in most cases, cars at government auctions are sold "as-is".
2. Take your mechanic with you so to preview the car you are eyeing on because he can easily recognize engine defects and problems that may not be recognizable to you.
3. Never bid on any car with a value range (usually based on "National Automobile Dealers Association" used car price guides) you do not presently know.
4. Make certain that the contract clearly states the number of days until you obtain the title. Note that should it take much longer, then it is wise to take back your money. Never bid on any car without the title.
5. Avoid getting yourself over-involved in a bidding frenzy and spend way above your budget for a certain car. It is sensible to simply walk away, even if you really would like to purchase the car.
Remember, your purpose of participating in a government auction essentially is to "save money"; so never buy out of impulse.
The individuals who successfully obtain the right car of their choice at the right price at government auctions go there well informed and know what they really want as well as how much they are prepared to pay for it.
Source : Arcog.com
At government auctions, you usually can find a variety of models and makes, even classic cars not available at dealerships. In general government auctions are held at specific locations regularly usually every month. Refer to your local newspaper for details and listings.
Anybody can participate and yes, it is very possible to get great deals. Here are tips to help you:
1. Before participating, verify first with the appropriate agency that indeed, such an auction is associated with them, because there are a lot of auctions that represent themselves illegally as being sponsored by the government.
2. Buying a car at government auctions means that you have to set first your target price before you go and participate. Establish your "target price" for the specific type of car you want to buy by consulting an online car-buying website and then base this number on the invoice price of the car you are aiming for.
3. You have to be at the auction site early to do the following:
(a) Consider a few cars only. Obtain a list of cars ahead of time then narrow your choices down to only a few which fit your requirements.
Generally, the auctioneers provides the make, model, year and VIN or "vehicle identification number" for every vehicle of your choice, plus the total car miles in the odometer.
(b) Note down the VIN of a car that you are interested and either use your computer notebook or call somebody at home to quickly check the car with an online car-buying website in order to discover whether or not there is evidence of flood damage, odometer fraud, major accidents, etc.
(c) Carefully inspect all the cars of your interest. Thoroughly look inside the interior and exterior and start the car's engine, but remember, you are not allowed to go for a "test drive".
Tips for buying a car at government auctions:
1. Take into consideration costly mechanical car problem possibilities, because in most cases, cars at government auctions are sold "as-is".
2. Take your mechanic with you so to preview the car you are eyeing on because he can easily recognize engine defects and problems that may not be recognizable to you.
3. Never bid on any car with a value range (usually based on "National Automobile Dealers Association" used car price guides) you do not presently know.
4. Make certain that the contract clearly states the number of days until you obtain the title. Note that should it take much longer, then it is wise to take back your money. Never bid on any car without the title.
5. Avoid getting yourself over-involved in a bidding frenzy and spend way above your budget for a certain car. It is sensible to simply walk away, even if you really would like to purchase the car.
Remember, your purpose of participating in a government auction essentially is to "save money"; so never buy out of impulse.
The individuals who successfully obtain the right car of their choice at the right price at government auctions go there well informed and know what they really want as well as how much they are prepared to pay for it.
Source : Arcog.com
Thursday, August 7, 2008
Car Auctions
There are actually two kind of car auctions; local auctions and online auto auctions. Let's take a look at each of them, how they work and how you can utilize them to buy or sell a car easily and convenient.
Local vehicle auctions
If you want to participate in a local auto auction, the first thing you have to do is to pre-register with the local vehicle auction you intend to join. This is easily done and when you register you will also be provided with all the information you'll need. The auction staff will explain the local auction rules and procedures as well as instructions about how to bid.
When you register a vehicle for an auction it will be assigned a unique number and a specific location in the auction yard. Be careful to give the exact information about your auto; the condition your car is in, the mileage and title status. If you want to bid on a car, you should inspect it closely before the auction starts. You should also set your payment limits before the sale. Don't forget to signal your bid clearly to the auctioneer. If you have success with a bid, settle your transaction as quickly as possible with the block clerk.
Now, let's say you have won a bid and the transaction semi-closed. Your next step is to check out the vehicle carefully. Take a test drive and make sure the auto conforms to the auction guarantee and representation. When you are ready to pay for your new auto, the car auction staff will assist you in paying and will normally also guarantee good title. If you can't pay your vehicle with cash, check or credit card, the auction staff can almost always give you a third party financing offer. It's recommended however, that you have the finances in order when you enter the car auction because it is normally cheaper to find your own cheap financing rather than take what you'll get from the auction people.
The auction staff will produce an invoice copy for you that will enable you to drive or ship your new purchased vehicle to your location. Fortunately most car auction managers can help you make good deals regarding shipping arrangements.
Online vehicle auctions
If you think online motorcar auctions are significantly different from local auction, think again. As a matter of fact, online vehicle auctions work the same way as local ones. The only thing that distinguishes them from each other is that you cannot inspect the car before you buy it at an online auction, if its location is outside your area. Be aware however, that all the information you need about the vehicle is provided up front and you are also given access to detailed photos of the vehicles.
If you purchase a car from an online auto auction, it will be shipped to you for a minor fee. As soon as the vehicle arrives at your location, you will be able to inspect the car before you finalize the deal. So you have nothing to risk actually by purchasing your car at an online auction.
Buying cars at auctions is probably the best deal you can make. You are guaranteed to buy a vehicle for less than what the dealer or a private person would offer for it. If you buy it at a government or repo auction you will save even more for your new Lincoln, Pontiac or BMW.
Source : Arcog.com, Terry Bolton
Local vehicle auctions
If you want to participate in a local auto auction, the first thing you have to do is to pre-register with the local vehicle auction you intend to join. This is easily done and when you register you will also be provided with all the information you'll need. The auction staff will explain the local auction rules and procedures as well as instructions about how to bid.
When you register a vehicle for an auction it will be assigned a unique number and a specific location in the auction yard. Be careful to give the exact information about your auto; the condition your car is in, the mileage and title status. If you want to bid on a car, you should inspect it closely before the auction starts. You should also set your payment limits before the sale. Don't forget to signal your bid clearly to the auctioneer. If you have success with a bid, settle your transaction as quickly as possible with the block clerk.
Now, let's say you have won a bid and the transaction semi-closed. Your next step is to check out the vehicle carefully. Take a test drive and make sure the auto conforms to the auction guarantee and representation. When you are ready to pay for your new auto, the car auction staff will assist you in paying and will normally also guarantee good title. If you can't pay your vehicle with cash, check or credit card, the auction staff can almost always give you a third party financing offer. It's recommended however, that you have the finances in order when you enter the car auction because it is normally cheaper to find your own cheap financing rather than take what you'll get from the auction people.
The auction staff will produce an invoice copy for you that will enable you to drive or ship your new purchased vehicle to your location. Fortunately most car auction managers can help you make good deals regarding shipping arrangements.
Online vehicle auctions
If you think online motorcar auctions are significantly different from local auction, think again. As a matter of fact, online vehicle auctions work the same way as local ones. The only thing that distinguishes them from each other is that you cannot inspect the car before you buy it at an online auction, if its location is outside your area. Be aware however, that all the information you need about the vehicle is provided up front and you are also given access to detailed photos of the vehicles.
If you purchase a car from an online auto auction, it will be shipped to you for a minor fee. As soon as the vehicle arrives at your location, you will be able to inspect the car before you finalize the deal. So you have nothing to risk actually by purchasing your car at an online auction.
Buying cars at auctions is probably the best deal you can make. You are guaranteed to buy a vehicle for less than what the dealer or a private person would offer for it. If you buy it at a government or repo auction you will save even more for your new Lincoln, Pontiac or BMW.
Source : Arcog.com, Terry Bolton
Buying Cars from Auto Auction
People have been really benefited by this new concept of buying cars from Auto auction, which is really convenient and affordable for the consumers. The entire deal of buying a car is all so convenient for the consumer that the consumers seeks to buy it from these auctions, which has eventually become a very popular and very plausible way of buying cars. People can now give shape to their dream, of owning the land cruiser that they presumed was almost impossible. The consumer can buy the cars at very economical prices if they buy cars from these auctions. Consumers have the privilege of owning the costliest of cars and pay the cheapest of prices. This has been the way in which the rarest of dreams of owning a car has come true. Auto auction means auctioning cars to the bidder with the highest bid.
The consumers to avoid paying those huge amounts offered by the dealers can buy from some direct sources which sell at very reasonable prices unlike the dealers. The dealers offer prices which include the huge markups that are fixed by the dealers, which make the price of the cars so very expensive to afford. Auto auctions are not only organized by dealers but can also be held by people who are interested in doing this. The dealers actually exploit the consumers by demanding amounts that are much higher than the actual price of the car and make them all the more unaffordable by the consumer. The consumer backing off from buying the car need only make a little research about the auctions held, and the kind of cars being sold in those auctions, and then can go about actually owning a car. The consumers can, by doing so, save a great deal and also enjoy their dream.
The cars sold at these auctions are actually a collection of the cars that are being taken-over by the bank on failure of the account-holder in paying the bank loans and the cars that are being seized by the federal and the local government from people on account of any kind of default. These cars are usually a very good collection of vintage cars and also include cars which are the brand new models having the warranty period still on. These cars are auctioned in order to realize the losses incurred by the banks and the government on account of several failures.
These auctions are very much affordable because of the reason the selling price is determined by the buyer who is bidding. The selling price in these auctions is basically decided by the consumer. The price of the car is exclusive of any kind of extra amounts that are attached with the price of the car when bought from the dealer. The bidding in such auctions starts from a very low price.
Source : Arcog.com, Hans Hasselfors
The consumers to avoid paying those huge amounts offered by the dealers can buy from some direct sources which sell at very reasonable prices unlike the dealers. The dealers offer prices which include the huge markups that are fixed by the dealers, which make the price of the cars so very expensive to afford. Auto auctions are not only organized by dealers but can also be held by people who are interested in doing this. The dealers actually exploit the consumers by demanding amounts that are much higher than the actual price of the car and make them all the more unaffordable by the consumer. The consumer backing off from buying the car need only make a little research about the auctions held, and the kind of cars being sold in those auctions, and then can go about actually owning a car. The consumers can, by doing so, save a great deal and also enjoy their dream.
The cars sold at these auctions are actually a collection of the cars that are being taken-over by the bank on failure of the account-holder in paying the bank loans and the cars that are being seized by the federal and the local government from people on account of any kind of default. These cars are usually a very good collection of vintage cars and also include cars which are the brand new models having the warranty period still on. These cars are auctioned in order to realize the losses incurred by the banks and the government on account of several failures.
These auctions are very much affordable because of the reason the selling price is determined by the buyer who is bidding. The selling price in these auctions is basically decided by the consumer. The price of the car is exclusive of any kind of extra amounts that are attached with the price of the car when bought from the dealer. The bidding in such auctions starts from a very low price.
Source : Arcog.com, Hans Hasselfors
Find a deal at the car auction
You have decided to buy a car and seriously thinking of buying a car from a car auction. You may (or may not) get an excellent bargain from a car auction. Gone are the days when only car dealers would be allowed to take part in auto auctions. They would buy the cars from such auctions, recondition the cars and sell it to you after a fatter profit margin. You can easily take part in a public car auction, and enjoy it too.
Experienced people and professionals in the industry expect the buyers to be careful while buying a car from an auction. Here is a run through the process and the issues to be kept in mind while taking part in a car auction.
Once you arrive at the auction place, you may be needed to register yourself first. This includes details like name, address, etc. Some car auction places may need some amount to be deposited with them. Some car auction may need cash while some may need bank draft. You should inquire about these procedures in advance.
Once the registration process is done with, you can inspect the cars on auction. Some car auction markets may not allow you to do so immediately before the auction. Such car auction places have fixed days for inspection. Always be accompanied by a mechanic of your choice for inspection. It is worth remembering that beauty of a car is skin-deep only. You shouldn't end with a car with nonfunctional engine and twisted rear axle. Mechanic is the right person to take a call on the condition of the car. Never forget to look for car history report. Spend few dollars to get one such report.
Bid process starts with start bid. This amount is usually the price below which auction won't take place or there is reserved price for that car. Do not immediately start bidding. Let few people start bidding and then only jump into the fray. If there are no other bidders then only start you bidding for the car of your choice. You may end with the same amount as the final price of the car.
Experts in the field suggest that you should not let your emotions take the decision. Always bind yourself with a final price. If the bid amount crosses that limit, take yourself out of bidding. Remember, there is always some other car waiting for you.
Source : Arcog.com, Dave Carter
Experienced people and professionals in the industry expect the buyers to be careful while buying a car from an auction. Here is a run through the process and the issues to be kept in mind while taking part in a car auction.
Once you arrive at the auction place, you may be needed to register yourself first. This includes details like name, address, etc. Some car auction places may need some amount to be deposited with them. Some car auction may need cash while some may need bank draft. You should inquire about these procedures in advance.
Once the registration process is done with, you can inspect the cars on auction. Some car auction markets may not allow you to do so immediately before the auction. Such car auction places have fixed days for inspection. Always be accompanied by a mechanic of your choice for inspection. It is worth remembering that beauty of a car is skin-deep only. You shouldn't end with a car with nonfunctional engine and twisted rear axle. Mechanic is the right person to take a call on the condition of the car. Never forget to look for car history report. Spend few dollars to get one such report.
Bid process starts with start bid. This amount is usually the price below which auction won't take place or there is reserved price for that car. Do not immediately start bidding. Let few people start bidding and then only jump into the fray. If there are no other bidders then only start you bidding for the car of your choice. You may end with the same amount as the final price of the car.
Experts in the field suggest that you should not let your emotions take the decision. Always bind yourself with a final price. If the bid amount crosses that limit, take yourself out of bidding. Remember, there is always some other car waiting for you.
Source : Arcog.com, Dave Carter
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