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
Monday, August 18, 2008
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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