Have you ever heard of seized auto auctions? Have ever wondered if there is an alternative to purchasing your next car through a dealer. Have you ever heard of someone getting a car at an incredible price, or wondered what happens to vehicles seized by the banks, police agencies or the government. Are you curious about what happens to pre-owned government vehicles? These vehicles are sold at auction; some at onsite auctions and some at seized auto auctions. Buyers can get these cars for thousands less then retail and some starting at bids of $100.00. If saving that kind of money isn’t a good enough reason to visit an seized auto auction then here are five more.
1. Seized Auto Auction Sites Provide Peace of Mind It’s very important to seized auto auction sites to maintain a good reputation. To this end many sites provide services such as vehicle history reports for a small fee, or programs to protect buyers from fraud or misrepresentation. You may even be able to check out the sellers rating if they have sold on that site before. There are also resources on how to purchase a car online and how to bid to your advantage.
2. Seized Auto Auctions are Fun Seized auto auctions can be a lot of fun. First there is the excitement of bidding for that car you’ve always wanted. Then there is the thrill of getting your dream car at a dream price. You could even practice by guessing what the top bid will be and see how close you come. How much would you have saved?
3. Seized Auto Auctions Help You Stay On Budget A major problem faced buy most buyers is letting your emotions influence your buying decision. Something the average car dealer knows how to exploit. Seized auto auction sites protect you from the heat of bidding by allowing you to place a maximum bid level before starting the auction. This way you can only bid as much as you common sense will allow. That is as long as you don’t let your emotion decide the maximum bid to begin with.
4. Seized Auto Auctions Save Time and Effort Driving from dealership to dealership, or from private owner to private owner can waste a lot of your precious time and play havoc with your nerves. What if your schedule just doesn’t give you the time to run around? At today’s gas prices who wants to do all that driving. With seized auto auctions you set your own schedule for research and can bid at home or during coffee break or lunch.
5. Seized Auto Auctions Are Where You Get Your Car At A Bargain Price Car auctions are one of the best places to get a great car at a bargain price. Thousands of cars, trucks, motorcycles and SUV’s end up in auctions. Many of these vehicles are in prime condition; being either repossessed by banks or law enforcement agencies, or pre-owned government vehicles. Many sites boast cars sold for savings as high as 90% of retail. While this is possible most vehicles go for around wholesale or blue book value. Still a sizeable savings over anything you can get from a dealership.
Before You Give Seized Auto Auctions a Try… Reasearch is your best friend. Like any major purchase you should do your research on the car you plan to purchase. Familiarize yourself with the policies and guarantees offered by the seized auto auction site. Get all the information you can about the vehicle and the seller. Check out insurance and financing options. Prepare well and you'll have a stress free and profitable experience. You may end up owning the car of your dreams for thousands less just buy trying out the seized auto auctions.
Auto Auctions On Line
Seized auto auctions offer some of the most fantastic car deals you can find around the country. It is not rare for cars to go for as low as $200 and discounts of up to 90% have been given for cars on auction. And it applies to both used and new cars. Since it is so cheap to buy cars there, it is no surprise that most people who go to an auction ends up driving one home. But before you let your excitement cloud your better judgment, let us examine these seized auto auctions carefully.
Enter Seized Auto Auctions with Adequate Preparation
Adjust your expectations and be realistic. Most of the cars at seized auto auctions are used cars. In fact, a good 90% and beyond are second hand cars. Therefore, be ready to accept that there could be some minor issues with the cars. Depending on the mileage and whether they were caught in any accidents, the problems can be small or huge. Do not scrimp too much if you see a newer car in better shape that costs a couple of hundred dollars more. This can save you the pain of sending your car for repairs the minute you leave the auction.
On the day before the auction, go online to search for information about cars you might be interested. It does not matter if you cannot see your favorite model at the auction for you are bound to find one that catches your eye. Just make sure you have searched and found some information about the car models and makes including the price list. Print these to bring to seized auto auctions. There are online search databases that provide you locations of these auctions as well as the makes and models available.
Be early when participating in seized auto auctions. This is so that you can have a walkabout and view all the cars on auction. You also would have ample time to inspect each car you are interested in. Be sure to inspect the doors, hood, tyres, etc.
Bring along somebody who is familiar with assessing the car’s condition as well as the value. It would be ideal if you can find someone who has knowledge of valuation so that he or she can do an instant assessment for you on the spot. Since you cannot test drive the car, that is really the best way you can protect yourself against buying a wrong car.
Always bid with your mind and not your heart at such seized auto auctions. I am warning you first because you may find a dream car which attracts too many competing bids so much so that the price gets jacked up really sky high. If you can afford that, bid to win. Sometimes, it is alright to give it up and go for another one with the best value.
Discover the latest seized auto auctions and their locations at my car blog and satisfy your search for a new car for your garage.
Both Lee Connors & Sonam Goyal1 are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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