Archive for the ‘Car Auction Tips’ Category

Seized Car Auction – Tips For Finding A Seized Car Auction

Post By: Robert

Seized property auctions are a great way to buy all kinds of property at a fraction of their retail prices. The same rule applies to the seized car auction venues.

The vehicles sold at a seized car auction are usually seized by government agencies and are pout for sale with huge discounts of their market price, sometimes up to 90% of their retail value. You might think that there should be a serious problem with a car sold for $100 but in fact, this is not true. Seized Cars require huge expenses just for storage and that is why government or banks try to sell them quickly. This way they are releasing the cash and you are offered the opportunity to buy a great cat for a few bucks.

One way to find a seized car auction is to follow the local and the national press. There should be information listed about the location and the date/time of the auctions. Some specialized car magazines and newspapers may even publish the list of the vehicles that will be sold do this should help you decide whether to go there or not.

Another way is to do all online. Search for seized car auction websites – there are plenty of local, national and international websites that will give detailed information about the upcoming seized car auction gatherings. Moreover, there are online seized car auction sites – so you can do it all while sitting in front of your computer. Of course, the serious disadvantage of bidding online is that you cannot see nor test-drive the car you are going to purchase.

The Cars sold at a seized car auction may be in great condition or damaged. Some of the Cars are with just a few hundreds mileage, while other may be old and wrecked. In any case, either consult with a car professional to get an idea what should be checked or take a mechanic along so that he can check the vehicle you want to purchase.

Check carefully the auction rules and the fees applicable if any. Some auction have high service fees and this might turn your car deal from a bargain to disaster.

Repo Car Auction – Selecting A Repossessed Car Auction

Post By: Robert

A repo car auction should generally offer vehicles repossessed from non-paying customers by banks or lending institutions. Every now and than the agency that has repossessed the vehicles performs an auction to get rid of the property and make some cash.

Repo car auction venues are indeed a great place to find a car bargain as the Cars‘ starting prices might e as low as 90% of their market value.

Most of the vehicles sold at repo Car Auctions are brand-new or with a very little mileage. This combined with the amazingly low prices of course drags a lot of attention to the repo car auction venues especially the attention of car dealers.
For this reason, you should never go to a repo car auction unprepared. The competition Cars may go wild and you might spend more than you can afford or at least more than the car, you are bidding on really costs.

Check carefully what are the price trends of the vehicles you are interested in. create an idea how much you can spend and than go on bidding. It you see that certain bid goes too high – give up. There are many more offers to bid on as well as many other repo car auction gatherings coming along.

The fact that the Cars sold at a repo car auction are repossessed by banks or other respectable institutions does not mean that these vehicles are all ok. What it means is that you should always check the history of the vehicle you want to purchase. Make sure it has a clear financial record, that it is not on Police record reported as stolen, make sure that no major repairs or rebuilding jobs have been done.

Still interested in visiting a repo car auction? Well, than start checking the local and the national newspapers – there is always information about the location and the dates of these auctions. Often they are not solely for Cars. You might find all kind of repossessed property so you might even end up buying something else.

A repo car auction should generally offer vehicles repossessed from non-paying customers by banks or lending institutions. Every now and than the agency that has repossessed the vehicles performs an auction to get rid of the property and make some cash.

Repo car auction venues are indeed a great place to find a car bargain as the Cars‘ starting prices might e as low as 90% of their market value.

Most of the vehicles sold at repo Car Auctions are brand-new or with a very little mileage. This combined with the amazingly low prices of course drags a lot of attention to the repo car auction venues especially the attention of car dealers.
For this reason, you should never go to a repo car auction unprepared. The competition Cars may go wild and you might spend more than you can afford or at least more than the car, you are bidding on really costs.

Check carefully what are the price trends of the vehicles you are interested in. create an idea how much you can spend and than go on bidding. It you see that certain bid goes too high – give up. There are many more offers to bid on as well as many other repo car auction gatherings coming along.

The fact that the Cars sold at a repo car auction are repossessed by banks or other respectable institutions does not mean that these vehicles are all ok. What it means is that you should always check the history of the vehicle you want to purchase. Make sure it has a clear financial record, that it is not on Police record reported as stolen, make sure that no major repairs or rebuilding jobs have been done.

Still interested in visiting a repo car auction? Well, than start checking the local and the national newspapers – there is always information about the location and the dates of these auctions. Often they are not solely for Cars. You might find all kind of repossessed property so you might even end up buying something else.икони

Free Online Car Auction – How To Save On Auction Prices

Post By: Robert

Unbelievably there are literally hundreds of free online car auction sites that can help you to either sell or buy your car. Some of the websites are in fact free online car auction sites to the buyers as only the sellers are asked to pay advertising fees or a percentage of the sales value of the vehicles sold. Other sites are in fact free for the seller as there are no advertising fees and the buyer pays the site’s commissions (if any). It will be a challenge to find a completely free online car auction and this is normal – these sites should make a profit too.

Here are some of the most popular free online car auction sites – this should cut the time required to research and get you straight to the point.

eBay is probably the most popular online auction on the Internet and it is highly recommended online car auction as well. However if you are specifically looking for a free online car auction eBay is not what you are seeking. There are some fees you will be asked to pay in case you are selling your car at eBay. On the other hand, the car buyers are in perfect position, as there are no costs involved in the buying process.

Collectors Car Auction (collectorscarauction.com) is a free online car auction site that operates in Canada, USA, UK and Australia. All you need to do in order to put your car at an auction is to register. Most of the advertising features are free. The ones that will ensure enhanced placement of your ad are paid but the fees are neglectable.

Auction Fire (auctionfire.com) is another very popular free online car auction website. You can find a variety of car brands put on sale as well as motor parts and auto accessories. There is no advertising fee to get your car listed. The only fee that the site charges is 2.5% commission against the final sale price paid by the buyer. So in fact, this is a free online car auction excellent for car sellers. The site supports multi languages, which is a great benefit for auction car sellers as the site attracts more potential buyers.

There are a lot more than the three sites mentioned above. Just do a simple search and you will find thousands of free online car auction sites. However, check all terms and conditions of each specific site you are about to use. Sometimes the services are advertised as free but there are hidden costs. It is best to go at a well-known and approved site and pay some fees than trying to save a few bucks and attend unreliable “free” online car auction sites.

Impound Car Auction – Cheap and Easy Car Auctions

Post By: Robert

If you’re looking for a second-hand car on the Internet, you should not ignore police impound Car Auctions. Contrary to false rumors, these are not drug dealer’s Cars or murderer’s Cars, as you might think. Usually, what you can find at a police impound car auction are Cars sold by banks as a result of failure to pay loans, or Cars that have belonged to companies involved in fraud.

Why are such impound Car Auctions organized? There are thousands of Cars the police seize because of criminality, and they have not by far enough room to deposit them. There are more pros than cons about buying an impound car. Many of the impound Car Auctions are meant to cover some of the unpaid loan loss suffered by banks.

The prices are usually very good, as the police are usually just trying to recover some money from the loss, and usually they don’t care too much about the real value of these Cars. Plus, most of the Cars for sale at an impound car auction are usually in very good condition, if not nearly new.

There are a few cons to buying a car from an impound car auction. Though Cars are in very good working condition, you may find it a problem that you aren’t given the chance to drive the vehicle before the auction as such. Should you need help, you will easily get it.

Police impound Car Auctions are quite safe from the consumer’s point of view. Since you would be buying form a government agency you don’t have to worry about being duped, you can even file complaints if you’re not satisfied with the condition of the car you purchased.

If you need more information on when impound Car Auctions are held, you can either inform at your local police station, or banks in your neighborhood. Usually, they are held at the same dates and in the same place all the time, and there are announcements in local newspapers.

If you are planning to take part to an impound car auction, prepare yourself for serious competition. There may be car experienced dealers bidding on some Cars, as they need small prices for good Cars that they can re-sell in their turn. This should only confirm to you that the Cars at the auction are worth bidding for.

It is best for you not to overbid, as you have to pay for the car right after the impound car auction. First check on the real value of the item you want to purchase and compare to what you are willing to bid, and to what the other bids as well. A middle course is advisable when it comes to investing in an impound car.

Online Vehicle Auction – Finding Your Dream Car

Post By: Robert

Vehicle auction venues are a great place to find a vehicle deals. There are several of vehicle auction venues – regular ones (standard auctions where vehicles are sold), government (seized or surplus government vehicles are sold), insurance (insurance companies sell damaged and rebuilt Cars). Most of the auctions are public but there is a great number of private auctions held as well.

Vehicle auction websites are also available. They are just like the “actual” ones with the only difference that they are in fact held online. The most popular auction website that also holds vehicle auction stuff is eBay.

If you have decided to try your luck at a vehicle auction, there are some things you should know in advance. The general rules are the same for all auction types.

One thing that is of great importance is about the origin of the vehicles. Each vehicle should have a clear history available at the auctioneers. If you have decided to bid on a specific vehicle, it is best if you first check it and than decide if you still are eager to bid. Generally speaking all vehicles sold at auctions should be fine in terms of origin but you never know.

The second thing to watch out for is the condition of the vehicle. It is recommended that you take mechanic along so that he can check the vehicle you want to purchase. There are plenty of vehicles that look just fine but have serious problems.

The next tip highly applicable to vehicle auction buys is the price. First, you should make a research in order to find out what are the latest price trends of the vehicle you are looking for. Than be careful not to be sucked in the bed-swirl. The vehicle auction bids should be competitive so a price can reach sky-heights just by many participants bidding madly. You may end up paying a price just like the normal value or even higher. Also at some auctions, you can actually negotiate the price so check and do not underestimate this option.

Be careful when going to government auctions. While the vehicles sold there may be up to 50% cheaper than the market value of the same vehicles, bare in mind that most of them are no driven nor maintained for a long time or are damaged in a way or another. Insurance vehicle auctions may also look like a bargain heaven but the situation there may turn into a nightmare easily. This type of vehicle auction venues offer Cars that have been damaged by their owners to an extend that the insurance company has had to replace them with new. So it is likely that you will buy a rebuilt vehicle or one with serious problems. Rebuilt vehicles rae not a good idea as their manufacturing warranty is voided, and most of the insurance companies don’t want to deal with them at all. That is why insurance vehicle auction places are recommended for professionals who either know what they are doing or are looking for a cheap vehicle for spare parts.

Finally, it is best if you visit vehicle auction venues a few times to get accustomed to the situation before you actually run into the auction game.