Government Car Auction Resource and Education Center
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Buying Used Cars for Less
I know what you are thinking......Man if I buy a car at auction versus buying from a private dealer I can save a fortune!
About 5 years ago my wife and I decided to get up at 5:00 a.m. to visit the fish market in Philadelphia for what we thought was going to be a much better deal than we could get at our local fish store....You know......The cut out the middleman theory....
We ended up coming home with 10 LBS of rotten snapper because we didn't know what we were doing, we were way out of our league, this wasn't an environment for the average person as we and our garbage men found out the hard way....
So is it a free lunch?.....That is buying a car at auction
If it were then I think it would be fair to say that everyone in the know would quit their day jobs and become professional car flippers. It isn't a free lunch, nothing in life is however if you are properly prepared you can be successful purchasing cars at auction in some cases well below market value if, you know how to go about it in a logical organized way...
The KEY factor really is securing reliable car history before you make you final bid otherwise your potentially going to get what you think is a great buy only to find that the repair work needed ultimately exceeds any bid you would have otherwise submitted...
This happens to those who don't do the proper vehicle research and/or let emotion get in the way of common sense. It is not uncommon for people to actually pay more than market value because they end up in a bidding war.....
If you can't buy the car for less than you could through a private dealer than why go through the hassle in the first place? At least through a private dealer you have a better chance that the car has been properly maintained right? Not to mention the fact that if something does go wrong, you have potential re-course.
Looking for a used car? Get a FREE VIN check at AutoCheck®.
Bottom line!
There is no shortage of car auctions, 10,000's of thousands of vehicles are sold at auction each week so you'll never run out of supply, no reason to rush anything.
Do Your Homework because at the end of the day "buyer beware" can become all too real especially at car auctions. An auction is similar to a poker game in that everyone is bluffing so you must do you're own research and trust only yourself, you must obtain a VEHICLE HISTORY REPORT to ensure that you know what you are bidding on and that the bid reflects the vehicles true condition........
About 5 years ago my wife and I decided to get up at 5:00 a.m. to visit the fish market in Philadelphia for what we thought was going to be a much better deal than we could get at our local fish store....You know......The cut out the middleman theory....
We ended up coming home with 10 LBS of rotten snapper because we didn't know what we were doing, we were way out of our league, this wasn't an environment for the average person as we and our garbage men found out the hard way....
So is it a free lunch?.....That is buying a car at auction
If it were then I think it would be fair to say that everyone in the know would quit their day jobs and become professional car flippers. It isn't a free lunch, nothing in life is however if you are properly prepared you can be successful purchasing cars at auction in some cases well below market value if, you know how to go about it in a logical organized way...
The KEY factor really is securing reliable car history before you make you final bid otherwise your potentially going to get what you think is a great buy only to find that the repair work needed ultimately exceeds any bid you would have otherwise submitted...
This happens to those who don't do the proper vehicle research and/or let emotion get in the way of common sense. It is not uncommon for people to actually pay more than market value because they end up in a bidding war.....
If you can't buy the car for less than you could through a private dealer than why go through the hassle in the first place? At least through a private dealer you have a better chance that the car has been properly maintained right? Not to mention the fact that if something does go wrong, you have potential re-course.
Looking for a used car? Get a FREE VIN check at AutoCheck®.
Bottom line!
There is no shortage of car auctions, 10,000's of thousands of vehicles are sold at auction each week so you'll never run out of supply, no reason to rush anything.
Do Your Homework because at the end of the day "buyer beware" can become all too real especially at car auctions. An auction is similar to a poker game in that everyone is bluffing so you must do you're own research and trust only yourself, you must obtain a VEHICLE HISTORY REPORT to ensure that you know what you are bidding on and that the bid reflects the vehicles true condition........
Auction Overview
Finding Reputable car auctions.......
Public Auctions are available in every city throughout the United States on a fairly regular bases; some are private and require special licensing however most are public and available to everyone.One easy way to find reputable auctions in your immediate area is to pick up the phone, contact police departments in your region and ask them when their next auction will be held, call your local IRS etc.......you get the picture.......just keep in mind that the fact that they are reputable doesn't mean you won't get ripped off if you don't know what you are doing.....
The vast majority of vehicles purchased at auction were seized one way or another either by a government agency such as the IRS or DEA as well as financial institutions who maintain large inventories of repossesed and surrendered vehicles. The US Government regularly auctions off vehicles that they have de-commissioned, more on that later.....
Finding a reputable auction house is a critical first step and now a days can be done easier thanks to the internet with far less leg work on your end. When you search offline within your immediate area only, your possibilities are obviously more limited...
So how does an online auction actually work?
Online Auction Sites
What do Online Auction Sites Really Offer?
Legitimate auction sites indeed can save you substantial time and energy in terms of finding what you are looking for but ultimately most of us will end up at a live auction which is a good thing....Do you really wanna buy a car online?....Not me.......
Most online auction sites charge a minimal one time membership fee ranging from between $30-$50.00 dollars and I can assure you, for the time that this will save the average person it is more than worth the price.
It is important to understand that Government auction sites for the most part don't actually auction off cars, they essentailly provide us with the means of finding reputable offline and online auctions of all types weather private or Government oriented, in and around our local areas.
Important Online Buying Tip:
If you go the online auction route to find car auctions in your area, be sure to use PAYPAL to secure your purchase never a credit card direct, I don't care how trusted the site claims to be.
If you purchase using PayPal and the site ends up not offering the inventory promised you can get an immediate hassle free refund from PayPal much easier than you will or will not from the online auction site itself.
Most online auction sites charge a minimal one time membership fee ranging from between $30-$50.00 dollars and I can assure you, for the time that this will save the average person it is more than worth the price.
It is important to understand that Government auction sites for the most part don't actually auction off cars, they essentailly provide us with the means of finding reputable offline and online auctions of all types weather private or Government oriented, in and around our local areas.
Important Online Buying Tip:
If you go the online auction route to find car auctions in your area, be sure to use PAYPAL to secure your purchase never a credit card direct, I don't care how trusted the site claims to be.
If you purchase using PayPal and the site ends up not offering the inventory promised you can get an immediate hassle free refund from PayPal much easier than you will or will not from the online auction site itself.
The Government Car Auction Advantage
Why Gov't Auctions are the Least Risky Auctions
In my opinion you will always have lower risk when you go the Government auctions route.The simple reason for this is that the Government is not at all interested in being blamed for people buying cars without full disclosure however this doesn't mean that buying cars at Gov't auction is a no risk game, it's just less risky.
I would advise anyone interested in buying cars at auction to first consider government auctions before any others.
Find Government Car Auctions in your Local Area Here
Most of the Government vehicles that you will find at a Government auction are de-commissioned Federal vehicles so the titles will normally be clean however, that doesn't mean that you shouldn't secure legitimate vehicle history on your own, never take anything for granted and don't forget to secure the vehicles service records which are normally available at Government auctions.
Keep in mind that some of the vehicles that you will come upon at Government auction have been seized or repossessed so in this case it is CRITICAL that you secure reliable title history........More on this later........
The other important factor here is that you MUST INSPECT all vehicles completely........Did you know that there are actually mechanics that make a living checking them for you, it may cost you a hundred bucks or so but if you are serious about the vehicle it could be worth the cost.
Remember that less risk doesn't mean zero risk, no-one can be sure how long these vehicles have sat around or weather or not they have been properly maintained between the time that they were de-commissioned and the time they showed up on the auction block......
Find out everything you need to know about Gov't car auctions
An Absolute Must Do if You Are Serious
Check Out This Totally Free Course
Now I know........Free usually means free with a huge catch..........This 5 day comprehensive tutorial offered by Gov-auctions.org is by a landslide, the best free guide that I have come across on the net in terms of buying cars at auction, it's basically an e-book absolutely loaded with valuable information that you must be aware of before you even think about going down this road.
Click Here! for complete access..........
Seriously folks.......Most of these online car auction companies want something from you like your e-mail address for example, so they can pound you with spam until you either un-subscribe or buy something from them..........
Gov-auctions.org will ask you for your e-mail and then disperse the 5 day course to you one day at a time and that's it, no unwanted spam, I have received no other unsolicited e-mails from them, only the 5 days worth of tutorials.
At the end of the day they want us to use their payed service but they offer some great value prior to asking for the sale unlike most online auction sites.
If you are seriously considering going this route and you don't take this free course then you have seriously missed the boat folks......I assure you, it is more than worth the time and doesn't require a commitment or obligation of any kind..........
Get your 5 day comprehensive course here
5 day Auction Course Overview
What Will you Learn?
DAY#1Day one is a basic overview of the whole process starting with locating reputable car auctions to driving away with a vehicle that you purchased for less than "trade in value" the real key number to beat, forget about suggested retail.....
DAY#2
Day two is basically going to begin filling in the blanks giving you a step by step plan to making a great purchase. It is all about preperation, those that win are well prepered, those that lose are the opposite....
Day#3
The best deal starts with understanding the vehicles true history, this is the only way that you can determine the TRUE market value from this point it's all about your bidding strategy....
Day#4
Day four will teach you exactly why Government online auctions offer the best online searchability options available and the logistics of purchasing interstate vehicles....
Day#5
Day 5 will summarize everything you've learned and tie it all together, by this time you will be far more prepered than even those that think they know what they are doing. You will also learn in this chapter how to go about buying an extended warranty for your winning under market bid....
5 DAY AUCTION GUIDE AVAILABLE HERE
Some Tips on Determining the True Condition of a Vehicle
Don't Be a Sucker!
1) Always inspect the side of a vehicle not facing the bidders, if they have something to hide, here is where your likely to find it....2) Damaged wheel rims on one side only, this can indicate that the vehicle was in an accident on that side of the vehicle...
3) Transmissions are expensive, be sure to check the transmission fluid, it should be pinkish in color and smell like motor oil, if it is dark in color or stinks, move on...
4) Be sure to check all VIN locations and match them up, if they don't match then the vehicle was either in an accident or was stolen...
5) If the title has been re-built then the car is worth 30-50% less, this is why you must secure reliable car history...
6) New carpeting for no apparent reason, indicates that the vehicle was probably flooded.
7) No title in transit cars, if the title isn't present at the auction then forget it...
8) Trust no one, make no friends at auction, don't take anyone's word for anything, everyone is out to rip you off.....Remember, the auction world is a "buy as is" environment....Trust only your own research period!
The above tips are only the tip of the iceburg, day 2 of the 5 day auction tutorial noted above will list a complete list of 27 valuable and practical tips which will leave nothing out in terms of determining the TRUE condition of a vehicle...
GET THE REST OF THE TIPS HERE
Easy Inspections
Call Out Services
Let's summarize,
We have learned that the lowest risk approach by far is to go the Government (non-seized) auction route, here there is likely to be accurate time stamped service records, most of the vehicles will have between 20-40,000 miles on them and many are STILL UNDER MANUFACTURER warranty.
However,
If you really don't like the idea of managing the inspection's yourself you can use a call out auto inspection service. Generally speaking, this will run between $100-150 but could be worth while until you get the hang of it.
Call the auction house prior to pre-auction day and find out if they allow for test drives. If they allow for test drives great, if not, that's ok too as a quality mechanic know's what to look and listen for.
Even if you think you know what you are doing in terms of inspecting a vehicle I highly recommend that you go this route. It is basically a very cheap education, what a quality mechanic can teach you is worth it's weight in gold.....
GET THE REST OF THE TIPS HERE
We have learned that the lowest risk approach by far is to go the Government (non-seized) auction route, here there is likely to be accurate time stamped service records, most of the vehicles will have between 20-40,000 miles on them and many are STILL UNDER MANUFACTURER warranty.
However,
If you really don't like the idea of managing the inspection's yourself you can use a call out auto inspection service. Generally speaking, this will run between $100-150 but could be worth while until you get the hang of it.
Call the auction house prior to pre-auction day and find out if they allow for test drives. If they allow for test drives great, if not, that's ok too as a quality mechanic know's what to look and listen for.
Even if you think you know what you are doing in terms of inspecting a vehicle I highly recommend that you go this route. It is basically a very cheap education, what a quality mechanic can teach you is worth it's weight in gold.....
GET THE REST OF THE TIPS HERE
Thursday blizzard
Visit the car auction on Thursday, major blizzard expected.....
Fish when everyone else is home....Less competition means better deals for me.....
Securing Reliable Car History
It's the Most Important Thing Folks....
Important Tip:
Most auctions will offer you a complimentary vehicle history report for any vehicle they are auctioning.....
Request one on the vehicle inspection day which is typically 2 days prior to the actual auction...
Call the auction house first to confirm that they offer this critical information...
If they don't offer a report you can obtain one on your own for around $30-40 dollars
Chances are you'll get it free so always ask before you spend.......
If not visit Autocheck where you can obtain such a report for a small amount of money that could save you thousands in easily avoidable mistakes
Most auctions will offer you a complimentary vehicle history report for any vehicle they are auctioning.....
Request one on the vehicle inspection day which is typically 2 days prior to the actual auction...
Call the auction house first to confirm that they offer this critical information...
If they don't offer a report you can obtain one on your own for around $30-40 dollars
Chances are you'll get it free so always ask before you spend.......
If not visit Autocheck where you can obtain such a report for a small amount of money that could save you thousands in easily avoidable mistakes
Online Government Auctions
What is the Deal?
If you have ever done business on EBay then you are familiar with how the auction process works. When you are talking about online Government car auctions it is very similar in that folks all over the world could be bidding on the same vehicle and the highest bid wins.
Pro's and Con's between Live and Online Government Auctions
It is important to understand that online registries such as Gov-auctions.org don't actually auction off vehicles rather they provide us with the means of connecting to reputable online and offline auctions.
Personally, I would never purchase a car online because I tend to be a perfectionist, if I can't see the car, drive the car, hear the car, I am just not comfortable.
This is the major drawback to using registries like Gov-auctions.org to connect to live "online auctions" versus using them to find offline auctions.
In both the case of online and offline Government car auctions a reputable registry can provide us with accurate searchability of vehicle makes and models in just minutes.
27 valuable and practical tips for being successful at auction Click Here! and get them now!
Pro's and Con's between Live and Online Government Auctions
It is important to understand that online registries such as Gov-auctions.org don't actually auction off vehicles rather they provide us with the means of connecting to reputable online and offline auctions.
Personally, I would never purchase a car online because I tend to be a perfectionist, if I can't see the car, drive the car, hear the car, I am just not comfortable.
This is the major drawback to using registries like Gov-auctions.org to connect to live "online auctions" versus using them to find offline auctions.
In both the case of online and offline Government car auctions a reputable registry can provide us with accurate searchability of vehicle makes and models in just minutes.
27 valuable and practical tips for being successful at auction Click Here! and get them now!
Car Auction News
by infowizard1
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