Learn The Basics Of Car Auctions

Wholesale Car Auctions - When Buying Cars From Wholesale Auctions

2008-11-13T10:51:00.000-08:00

Wholesale car auctions are a great way to buy automobiles inexpensively. What most people do not understand is that, these auto dealerships actually serve as intermediaries between you, the customer, and the car company. They then hike up the price to gain profit. The prices for these vehicles are based on two types of blue book, serving as a guide to how much the price for used cars will be. These two books are the NADA Book and the Kelly Blue Book (KBB). The former is more widely used by dealers at auto auctions in giving out wholesale values to the autos. The Kelly Blue Book, on the other hand, assists the public in determining the price and to buy or sell used cars. Using these two guides in buying vehicles through wholesale auctions will really help.

Look for Listings of Public Auctions

These public auctions allow anybody to go ahead and participate in the bidding. If you want to go in as a dealer and have interest in buying and selling used cars, you can obtain a dealer's license to attend these public events. These types of events are advertised in advance to entice as many people as possible.

The dealer auctions, however, offer lower prices compared to public ones so if you are looking for a more affordable rate, it might be well the effort to obtain a dealer's license.

Consult Outside Information

You can gather third-party information to determine what the fair market value will be for a specific car. An example would be consulting the Kelly Blue Book (mentioned earlier). These books help you by breaking down the type, model, and options. It can also help estimate price based on the condition of the used car.

Be Keen and Attentive to Details

Since you will not be allowed to test drive the automobiles during the auction, make sure to be thorough in inspecting it. Check its condition and the VIN. You can also check the vehicles ownership history through Carfax. This is important so that you can gauge how much the value of the car will be.
Car auctions may differ from one to another, especially in their method of bidding. Some may require you to register and pay a fee, while others may use the hand-raising method of bidding. Purchasing cars at wholesale car auctions might entail a lot of patience, but it surely is worth it especially if you can find the exact automobile you've been looking for.

Make new discoveries and learn more handy tips about public car auctions such as where to find such auctions near your home and how to get great bargains for your car deals.

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Government Car and Police Auctions - A Game Plan For Great Deals

2008-11-13T10:35:00.000-08:00

Government Auctions are the best place to buy vehicles at much lower price points then you'll ever get on the open market. In fact it's were most used car and vehicle dealerships buy their vehicles. It is important though to have a game plan in mind before attending the auction as this will set the parameters to insure that you not only walk away with a great car or vehicle but also pay less then you ever expected. It helps to be clear on what kind of vehicle you want to purchase ahead of time. The reason for this is that once you get to the auction you are going to see such an assortment of vehicles bidding off at low rates, that it's easy to get over zealous and purchase a car, more on emotion then practicality. For example dad goes to the auction with the task of buying a family van only to come home with a Corvette. Here are some additional simple tips to get the most out of your next government auction.

First and foremost it is important to identify that the government auction site that you are getting the auction listing information off is legitimate and up to date. What I have found is that many of the sites that claim to have auction listings have information that is not current and therefore is of little value to you. Make sure you research by visiting a government auctions review site ahead of time. These review sites are entrenched in the business and know who the best legit government auction sites are. They provide ratings and information on these top sites and what you can expect from each so you'll be that much more informed before taking the next step.

Set your budget and know how much you are willing to pay for your new vehicle. The best way to get a good deal is to expect a good deal so as a good rule of thumb, don't let your bid exceed 50%-60% of what the actual book or street value of the vehicle is. Obviously doing some research beforehand as to what the numbers are is in your best interest. Having your maximum discounted price in your mind ahead of time is important but even more important is to make sure that you abide by that number and don't become emotionally carried away with the competitive bidding excitement and overbid. Taking all this into consideration will help you decide whether to raise your bid or let it go. The good thing is that they can often have many of the popular models so if it the bid does go above your discounted maximum you'll have another try later.

Additional research that will work to your advantage is to check the government auction site listing to see a list of vehicles that will be auctioned out ahead of time. If this information is not listed then call the auction phone number provided ahead of time. Often as the auction nears they will have this information available to provide you.

Inspecting your prospective vehicle once you are at the auction is also a must. It' a good idea to find out ahead of time what to look for in selecting a near new or used vehicle. Check the engine, body and interior of the car to see if it is still in good condition. If you're not confident you can make a sound decision, bring a mechanic or someone who has much knowledge about cars.

With these helpful tips, surely your next government auction will be a good experience. Not only can you get the vehicle you've always wanted but you can get it at a much better price. Just remember to do the research mentioned here. Most of this information can be found in the top government auction sites as researched by the review site in the next paragraph.

To locate heavily discounted cars and vehicles at the best auction sites check out government auction reviews or to see examples for some of these auction prices visit police auctions.

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The Advantages and Disadvantages of Seized Car Auctions

2008-11-13T10:01:00.000-08:00

Nowadays, if somebody drives a posh car, it doesn't necessarily mean that the person is rich - the luxury vehicle might have been bought at one of the numerous seized car auctions held regularly.

As the name suggests, seized car auctions offer vehicles that were seized by the government or the police due to some illegal activity. Apart from criminals, automobiles at repossessed vehicle auctions come from people failed to pay the mortgage, defaulted on tax payments, etc. The goal of the government is not to cash on these vehicles, but rather get rid of them quickly and avoid storage and maintenance expenses.

Seized car auctions as well as other types of similar auctions have their own advantages and disadvantages. Being aware of them will help you decide whether or not this is the way you want to purchase your vehicle.

Advantages of Seized Car Auctions

1. Unbelievably low starting bid. You can expect 80 and even 90% discount - a great bargain if you compare it with the retailer price.

2. Good condition. Most vehicles sold have been in use not more than 5 years. Quite often, there are cars in a "close to new" condition.

3. History reports available. Ideally, every such auto auction will provide free Car Fax VIN reports. Additionally, you can use an Auto Check Vehicle History to make sure that the car was not damaged in an accident.

4. Possibility to find a rare model. If you are on a lookout for a particular model, especially rare or imported one, chances are you will find it at such an auction. Check online seized car auctions as well - they have an impressive number of listings, so it is really not so hard to find what you want.

Disadvantages of Seized Car Auctions

1. Sold "as is". After acquiring a vehicle, it is impossible to exchange or return it for a refund. Therefore, take time to assess the vehicle's condition and check its history.

2. Hard for beginners. If you are a first-timer, a repossessed vehicle auction may seem to be a tough place to you. Needless to say, it is difficult to keep up with experienced car dealers. A friend who is not new to seized car auctions would be of great help. Or, turn to online auto auctions - they are easier to control the bidding process.

3. Time consuming. Searching for the seized car auctions in your area, registration, preliminary checking, attending one (especially if it is quite far from your place), and getting all the necessary paperwork done later may take up to a few weeks. Again, participation in an online auction is easier, though involves more risks and concerns.

With these knowledge in hand, you are in a better position to buy a vehicle that is auctioned. For more details on where and how to pick up your dream car from seized car auctions, read up my blog.

Davion is crazy about fast cars. Uncover useful tips on seized car auctions such as where to find cheap seized car auctions near your home at his wildly successful car blog. Also, read another of his popular article on seized car auctions tips.

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How to Find Police Department Car Auctions in Your City

2008-11-13T09:32:00.000-08:00

Police department car auctions that can save you a couple thousand off of your next car take place everyday all around the country. But you would probably never expect that since you rarely hear of any in your town. That doesn't mean they don't happen where you live, you just don't know where to look. Don't worry though because by the end of this article you'll know how to find auctions near you and be closer toward saving a ton of money on your next car.

You can start you search by picking up the phone and calling the police department directly. Just ask them when and where their next auction will be held. Most of the time they will give you another number to call, which will give you another number to call and so on. Sometimes you'll get what you're looking for and other times they'll tell you to call the police department, which is where you started, which can be very frustrating.

Your next move would be to look in the paper for any announcements of police department car auctions coming up in your area. Depending on where you live, they are posted in there every couple of months. But you really won't save that much because everybody else will know about it, go there and raise the bids up on all the cars. Which is why you really want to go to the police auctions that are not generally advertised to the public.

If you don't have a lot of extra time on your hand to be given the run around on the phone and want to save the most money by going to exclusive police car auctions, you can take advantage of a car auction listing database. They give you the location of several auctions near you, in addition to listings in every other state in exchange for a small membership fee. This is a really good option if you value your time and want to go to the best auctions that everybody else doesn't know about.

So, finding police department car auctions near you doesn't have to be like trying to find a needle in a haystack. You can call up the police department or look in the newspaper if you have a lot of free time on your hands. Or you can join a car auction directory service and find auctions near you without breaking a sweat. It all depends on how much extra time you have and how soon you want to be driving your new car. The choice is up to you!

Want to take the easy way out and find tons of police car auctions near you today?
Then visit MyCarAuctionReview.com for a review of the top 3, scam free car auction directories you can join right now that even offer a 100% satisfaction money back guarantee.

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Police Auto Auctions - 5 Things You Should Know

2008-11-13T08:53:00.000-08:00

Police and government auto auctions are a great way to get vehicles for considerably less than retail value. At auction, cars may sell for more than 50% off of blue book prices. But there are a few things that you should know before making your next purchase.

1. Financing can be tricky - If you are going to be financing your purchase, make sure to talk to the bank before going to the auction. Tell them your plan and find out how much they would be willing to lend you. Some auction services list vehicles that will be at the auction, if you have this list and know what car you want to bid on, show it to your banker. They should be able to tell you exactly how much they would be willing to lend on that car.

2. You have time after the end of the auction to get the money together. - Don't be worried that you have to write a check as soon as the auction is over. All you have to do is talk to the auctioneers after the auction and sign the formal papers. Then you have time (somewhere between 24 hours and 5 days, depending on the auction), to return with a cashier's check and pick up the car.

3. There is an inspection period before bidding begins, use it. - There is no lemon-law at auction. Try to get to the auction as soon as it opens and look at every vehicle you may wish to purchase. Test all of the power windows and seats, wipers, air conditioner, headlights, open the trunk, look at the tire treads, etc. If you are a mechanic, or you have a mechanic friend that you can bring with you, look under the hood. Typically they will start the engine for you so you can listen for knocks or any other telltale sounds.

4. Look at the vehicle history report of any vehicle you will be bidding on (this should be provided free by the auctioneers). Make sure that there is no flood damage, major wrecks, fire damage, etc. Unless you are a very experienced car dealer, you should never bid on cars that have had major body work.

5. Bids at auctions are as binding as a contract. Don't bid unless you are absolutely sure you want to. And if you do not want to bid, be quiet and keep your hands down. Auctions move very quickly, and if the auctioneer sees you waving at your friend, you might accidentally be bidding on a car.

Auctions are, by nature, very high speed and very competitive. They can make new auction goers very nervous. If you have the chance, I recommend going to an auction purely as a spectator your first time. After you get used to how an auction goes, you will be much more confident for your next visit. Auctions can be fun and lucrative once you get the hang of them.

If you are interested in more information about government auctions, visit Maxratings.com Government Auctions Site. There are links there to sites which list all of the government auctions along with the items to be auctioned off.

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Where to Find Car Auctions Open to the Public

2008-09-28T18:40:00.000-07:00

If you're anything like me, finding a car auction open to the public in your city can make you want to just head on over to the dealership and call it a day. But, there are a couple of easy ways you can find an auto auction near you while keeping your sanity intact. Some of them will make you say duh!

1. Look in the newspaper: This is a good place to start. Depending on your city, different car auction houses list upcoming sales in the "announcements" section throughout the year. The only downside is that they are only advertised every couple of month and everybody and their mom knows about them, meaning more competition and less savings.

2. Surf the web: Taking your search online is the next best thing to do when you have no luck with the newspaper strategy. If you're a computer geek, you'll be able to find a couple of car auction sites. Sometimes they'll be near you, sometimes they'll be 100 miles away and I doubt you want to go that far.

3. Ask a friend: Hey, you never know what type of things you can find out just by asking.

4. Join a car auction site: If you're lazy, want more than just one car auction location to choose from or just plain don't have time to do the first three things, your easiest way out is to join a car auction site. Once you're a member, you'll have hundreds of auctions at your fingertips to choose from. They do charge a fee of course, but you won't be able to find that many auctions on your own, as most of them are private and not advertised to the general public. That means better deals for you. At first I was like forget that! But after having no luck with the newspaper, online or with friends I finally gave in and kicked myself for being so cheap after I learned about at least a dozen more listings in my city alone I could've been going to.

So, depending on how you feel you can find car auctions open to the public by looking through the newspaper, online, asking friends or take the easy way out like me and join a car auction website.

Did you know you can save a couple extra hundred by going to car auctions open to the public that are listed on a membership site? No kidding!

Check out MyCarAuctionReview.com for a review of the best ones you can join today.

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Government Seized Car Auction

2008-09-28T18:36:00.000-07:00

If you're looking for a decent car to get to work and school or just want to save a couple $1,000 off of your next car, a government seized auction is where you want to go. Not only do they have good, reliable cars for way less than the dealership, they are also 100% open to the public and free to attend. Of course you can save money just by going to one, but the more knowledgeable and prepared you are, the more money you'll save. Take a look at these FAQs that will give you an edge, tell you how to find one near you and save you money at the same time.

1. What is a government seized car auction in the first place? This is a special type of car auction that only sells cars that the government has seized through various agencies such as the FBI, DEA, IRS police department, etc. Most of the time it's for not paying taxes and illegal activities, so the cars are in pretty good condition and relatively new.

2. How much do the cars cost? The costs vary depending on what car you choose and how many other people are interested in it. If there are a lot of people bidding on the same car, the cost is going to skyrocket. But if the car is not that popular, you can walk away with getting a great car for dirt cheap. There are plenty of people out there that have gotten a government seized auction car for under $1,000 and sometimes $500.

3. Why can't I find any near me? These type of government car auctions take place everyday and most of them are not publicly advertised. So, it can be pretty tough trying to find one near you. But there are car auction listing services you can join that will give you the name, location, phone number and website (if they have one) of auctions near you. They contain exclusive listings that a lot of people don't know about. So, less competition means lower prices for you.

Now, that you know that a government seized car auction is just a regular car auction with government owned cars that you can get for under $1,000, you should look into finding one near you by visiting a car auction site. You should also remember to get to the auction early so you can check each car out and see which ones are getting the most and least amount of attention. It's also a good idea to bring a Kelly's Blue Book with you to get an idea of how much you should actually be paying, which will also let know when you're getting close to over bidding.

Find thousands of government seized car auctions across the country by joining a car auction listing service. But, watch out because a lot of them are scams. Thankfully MyCarAuctionReview.com has tested out the most popular ones and has come up with a list of the best car auction sites to join. Click here to find government seized car auctions near you today!

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3 Free Public Car Auction Tips That Will Save You Thousands

2008-09-28T17:55:00.000-07:00

You can save at least a couple hundred of dollars by going to a free public car auction. But, did you know that there are some extra things you can do that will save you even more moolah? Check out the top three below:

1. Bring a Kelly's Blue Book. This is always a good thing to have when buying a car no matter where you go in order to avoid over paying. Although you can get great deals at a public car auction, you can also end up paying too much because the prices are not set. So, if a lot of people want the car you are bidding on there is a good chance that a bidding war will begin and the price of the car will skyrocket.

I doubt you want to pay more than the car is really worth. Or else what's the point of even going to the auction. In the first place. So be sure to know what the car is worth before bidding!

2. Get There Early. By getting there early you'll have the chance to avoid the crowd and get to really look at every car you like without feeling pressured to hurry up and finish. It will also give you a good idea of which cars are popular and will probably end up costing the most.

3. Be Exclusive. By going to a free public car auction that one everybody doesn't know about will allow you to save the most money. Since not too many people will be there, you'll have less competition when bidding and thus, a lower price.

You can find dozens of unadvertised car auctions open to the public by using a car auction listing service. They are easy to use and maintain exclusivity by charging a small membership fee that keeps the listings private and constantly updated.

Now that you know how to save even more money when attending a free public car auction by bringing a Kelly's Blue Book, getting there early and going to exclusive auctions, the only thing left to do is find one in your area. Good luck and have fun!

Did you know how much money you save at a free public car auction all depends on which one you go to? Find the best and most exclusive auctions in your city by visiting MyCarAuctionReview.com.

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What to Expect at a Free Public Auto Auction

2008-09-28T17:50:00.000-07:00

Free public auto auction are a mystery to some and it's no surprise... You always hear about them save people tons of money but never from those who attend. So, you might be kind of nervous about going to one. But don't worry, just keep reading and you'll know exactly what to expect when you get there and will be able to drive away in the car of your dreams for way less than what you would pay elsewhere.

Free public car auctions are no different from any other auction whether online like eBay or offline like a silent options. The only difference is that they only sell cars. When you get there you will be allowed to inspect any car you want to about an hour or two before the auctions starts. It is also during this time that you'll be required to register for a bidding number/card. This is very important if you plan on buying a car that day because you can't bid on anything without it. So don't forget to register!

After the inspection and registration time the public auto auction will begin. Then everybody gathers in front of the auction block and cars are brought to the front one at a time for you to bid on. You place you bid by simply raising your bidding card and somebody else out bids you by raising their card. This continues until the price eliminates bidders and there is only one left. The last bid wins.

If you are the winning bidder, you'll then go to the office to pay for your car and fill out the necessary paperwork such as transfer of title and registration. Most auctions will allow you to put down a down payment and pay the rest within the next day or two. If you don't pay your balance within that time the sale is then void and your deposit is lost. So make sure you have enough to pay for whatever you bid on because it is a legally binding contract!

After you've paid your car off in full, you can then drive off the lot happy and knowing you got a good deal. Plus, nobody ever has to know you paid way less than what it's really worth.
So, going to a free public auto auction doesn't have to be such a mystery anymore. All you have to do is inspect the car, register, bid, pay for it and then drive off the lot! You can also expect to receive your new license plates, pink paper and registration in the mail within 2-3 weeks. Now, all you have to do is find one near you!

Want to find the best free public auto auctions in your state that will save you $1000's? Visit MyCarAuctionReview.com for info on the most popular car auction lists around with guaranteed listings in every state.

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Used Car Public Auctions - Dream or Scheme

2008-09-28T17:39:00.000-07:00

I'm pretty sure by now you've heard plenty of stories about used car public auctions. From saving thousands at a cheap auction to tell sell nothing buy junk, the stories differ from one extreme to the other. But which ones are true and which ones are coming from hear say? Well the answer is pretty simple: You can save thousands of dollars off of well maintained used car. But, they are not all created equal.

Since most of the cars at a used car public auction are seized by the government, police, bank, etc., the cars are usually in good condition. With the current downturn of the economy, a lot of people are getting their cars seized because they simply cannot afford their payments, owe back taxes, or have gotten their car impounded and cannot afford the impound fee. So, you can drive away with good car for next to nothing.

But, that doesn't mean that all of the cars sold there are in perfect condition. So, you really need to give each and every car you are bidding on a good inspection before you consider buying. Remember that all of these cars are sold in as-is condition, which means once you buy it, the auction house is not responsible for any repairs it might need. It might need something as small as new brakes or an oil change. Or something major like a new transmission. So, it would be in your best interest to take a mechanic along with you.

So, Used public car auctions are more of a dream than a scheme. While you can get great cars for pennies on the dollar, there is also a slim chance that you will run across a couple of beaters. But, you can avoid them altogether by bringing a mechanic with you or giving the car a good inspection yourself before bidding. Either way you go, you're bound to come across some real bargains.

Did you know that some used car auctions have cars for under $1,000? Yep, it's pretty cool. Want to know where to find one? Then visit MyCarAuctionReview.com for a review of the best car auction sites around.

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Used Car Auctions - 6 Tips For Getting a Good Deal

2008-09-23T21:00:00.000-07:00

Tip #1 - Go to the Pre-Sale Inspection - Many used car auctions will hold pre-sale inspections, so you'll want to make sure that you find out when it is and then go to it. Taking advantage of this is a great idea, since you'll have the most time to really look over any cars that you are thinking about purchasing.

Tip #2 - Find Out Sale Terms - It's also important that you find out about the sale terms as well before you actually arrive at the action. Some places will require that you put down a deposit before you are able to bid. Also, find out what type of payment they will accept, such as cash, credit cards, or cashier checks.

Tip #3 - Find Out About Possible Problems - On the day of the auction or even a few days before, if you are looking at a particular type of car, you may want to find out about possible problems it could have. Some cars are more susceptible to certain problems than others. Find out what they are so you can check for them.

Tip #4 - Check the Kelly Blue Book - You will want to know how much the cars you are bidding on are really worth. One of the best places to find this out is in the Kelly Blue Book. You'll find the value of the car, which can help you know how to bid.

Tip #5 - Run a Car Report - You never know what has happen in a cars' past, so running a car report on a vehicle before you purchase it at used car auctions is a great idea. This way you'll know what has really happened to the car and if anything has occurred that may make you want to consider another option.

Tip #6 - Have a Bid Amount in Mind - Having a bid amount in mind before you even go to the auction is imperative too. You want to know what you are willing to bid and how much you can bid before you go to the auction, so have an idea about this before hand and stick to it.

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