YES, there are some catches to buying seized vehicles at car auctions..
YES, you can buy a seized car for a large discount off market price.
YES, they do take place in all states.
YES, bidding often does start at $100.00
NO, you possibly will not buy a Ferrari for $500.00
NO, you probably won’t buy a decent car for $100.00
Online Seized Car Auctions can indeed be the best place to start looking for a great Auto at a knocked down price. Commonsense will tell you that if it was the holy grail of Car Buying then all the dealers would be out of business by now, right.??
Some folks do not like putting themselves out there and haggling and bargaining. They would rather be told a price then decide if they are willing to pay it else they go to the shop next door to compare.
Other folks like to know that what they buy will have full warranty and protection using every consumer law known to mankind.
You also get the case in smaller communities where the local dealer also goes to the same church as you and maybe is part of your foursome at the golf course. So buying from anyone else is almost a sin..!!
But, if you have an independent mind and have no qualms about doing a bit of research and window shopping, then you are on the way to buying more for less..!
It is important to understand what is behind these seized cars for sale. Every month across the United States, thousands of cars are seized by different Government agencies (IRS, DEA, FBI) & Police departments. These cars are then auctioned off to the public at a Government Seized Auto Auction in your local area. But, you are not going to get a general invite in your mailbox every time they happen. You have to make the inquiry to find out where they are, and then turn up at the car auction.
This brings us to a very important step - how do you find that information.?? Great question..!!, The best way that I know of is to obtain lists of all the various seized vehicle auctions from a KNOWN and CREDIBLE source. All sources are not equal and therefore nor are their lists necessarily credible either.
Once you’ve got your lists and found a seized car auction close to home, the next step is to mark off a couple of autos which appeal to you. Get to know how much they are being sold for now by dealers and private sellers alike. Use the classifieds and drive around the dealers to get a feel for the average prices. You will be surprised how fast you pick it up. Go have a look at what those same types of vehicles have sold for at previous car auctions using the links in the Research Toolkit part of our site. This will give you a guide to what price you may have to go to, to secure your dream car.
As you can see, there are some catches. But, with a bit of commonsense, some action, and some effort on your part, you can easily be driving off in a steal of a seized car..!! Don’t delay! Your dream vehicle is waiting for you…
Good hunting and see you on the highway..
More coming soon from the Auto Auction Guy...
No comments:
Post a Comment