People who are interested in getting great cars might want to check out sources other than the local auto dealers. One of these great sources that is gaining in popularity is public auto auction. These auctions usually take place in various cities and towns in the United States and are open to U.S Citizens and permanent residents who want to bid for cheap used vehicles. Since the government is responsible for these auctions, they usually don’t promote such events the way a private operator would, such as announcing when and where the auctions will be held. In the past this led to a situation where only a selected few were knowledgeable of the location where such auctions were taking place and took the oppurtunity to themselves.
Repossessed cars are a good idea if you want to save money when it comes to getting top value for your money in your next car deal. It is for this reason that you’ll most probably see owners of auto dealerships visiting such auctions in order to bid for vehicles that they will sell again for a considerable profit. The presence of such professional bidders at auctions is something that the average bidder is concerned of as they believe they may lose out but long time bidders know that they’re not a threat if the person bidding knows what they are doing.
To come out a winner in car auction is to make your best effort is to act like a professional bidder rather than an amateur. Luckily it doesn’t take much to do this, just solid decisions backed with critical thinking before bidding and setting limitations as to how far you can go in your spending already before the start of the auction. Most auctions will allow prospective bidders to inspect the cars beforehand in order to know what they are bidding for. For those who happen to know a car mechanic, you can bring one along when you want to inspect the vehicles before the event starts.
Another type of government car auctions is the increasingly popular police auto auction selling sites. Getting your used cop autos from car auctions is another way to go and with this process you can buy cheap autos at prices that make it seriously worth your while. You can acquire infos about when and where such auctions happen from websites that make this type of information available.
Fortunately while the majority of us are oblivious to these car autions where used autos are sold at budget prices, everything can be found on the internet and there are sites that provide great information for users that registered with them. People who want to take advantage of such information and locate the nearest auctions in their area, can use these sites in order to benefit from the great deals auto dealers are so keen to hide from everyone else.
Filed under Cars n Stuff by Sanjay
If you are among the many that are actively looking for a decent vehicle that doesn’t cost you an arm and a leg, then a public auto auction is probably the right place for you to look. At an auto auction you can get high quality, vehicles ranging from fast sports cars to luxury classic cars far below their regular price.
There are lots of different car auctions taking place all over the country every day. One of the most famous is the American Auto Auction.
There are auto auctions online as well and if you are thinking about bidding at one of those there are a couple of things you need to consider:
- The description and photo of the auction car don’t necessarily fit what really the facts disclosed. Like most other businesses, the online auction business has its, “not-so-serious” actors that have the nasty habit of making vehicles appear more attractive than they really are by writing false descriptions and displaying manipulated images.
Stay away from the crap and find the serious car auction sites (for example by clicking on the hyperlinks in this article.)
Since you are unable to inspect the vehicle before you make a bid, I think it’s appropriate with a warning.
- In most cases a public auto auction site consider that a contract has been established between the seller and the buyer who made the highest bid to complete the transaction within a specified period of time.
Do Some Legwork Upfront.
Don’t go to a car auction, be it online or traditional, before you have done your homework.
- sit down and figure out a maximum amount that you can afford to lose (worst case scenario.)
When you have figured out this amount you will
- already have narrowed down your options with regard to which car to bid on
- Prevent the risk of bidding too high and spending more than necessary.
- you also want to acquire sufficient automotive knowledge or update the knowledge already might have.
Another option is to bring someone with the necessary knowledge with you and trust his or her abilities to judge the vehicle you consider to purchase.
- get a list of the different vehicles makes and models, their listing values as well as their general asking prices and take it with you to the public auto auction.
With this knowledge you are in a much better position to distinguish a good deal from a bad auction car and take advantage of it.
by Terry Carters
Filed under Cars n Stuff by Sanjay
Defining a Salvage Vehicle
Salvage vehicles are auto that are so badly wrecked that an insurance company has decided the cost of repair is higher the worth of the car. But this doesn’t necessarily indicate the car can’t be fixed up and put back on the road. These cars are usually sold in a UK public car auction at very attractive prices and fall into the following categories.
Category A
These autos are too damaged to be patched up in a cost-efficient manner. The cost would be way over the car’s market value. Even purchasing parts off Category A autos is risky, so you normally want to steer clear of these in a public vehicle auction.
Category B
These cars are suitable in a public auto auction strictly for the components. The components should still be in good shape in these autos. You should make some money off of selling the parts off.
Category C
For these autos, repair is still an option so they can still be operated. This kind of vehicle can be a real bargain at a public vehicle auction if you have extensive automotive knowledge and can repair the vehicle yourself.
Public auto auctions in the UK are popular ways for buyers to find reasonably priced vehicles at fair prices. It’s important to keep a clear head and not get caught up in the emotion of a public car auction. Only then will your purchase price be a fair one.
Category D
Category D autos can be patched up at a cost less than the vehicle’s overall worth. You will likely make some extra income reselling one of these at an automobile auction or some other place.
Category X
Category X cars often have little or no damage and generally are recovered stolen vehicles. Since they need few repairs, they are simple to sell over and receive profit at a live auto auctions or at an online public car auction.
So to summarize the best approach for cars inside a public car auction in the UK: Stay with categories X and D if you don’t know a lot about cars and if you have the money. Category C should be for those who understand the inner workings of a car and the extent of the work needed to earn a profit. Category A and B cars are only good for components.
Filed under Cars n Stuff by Sanjay