Here's Why An Auto Auction May Be the Best Choice For You
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An auto auction is simply selling a vehicle to the highest bidder. Cars are the most common vehicles sold by an auto auction. If you are looking for a great deal on a car, you can find them at an auto auction.
You may even be able to drive a nicer car than you would normally be able to afford. Here are a few ideas to keep in mind when going to an auto auction.
You will usually find that the cars at an auto auction comes from rental companies or are repossessed. Company cars are also available at an auto auction.
As rental companies or car dealers need to re stock their inventory they will sell the cars at an auto auction. Because you can not test drive a car at an auto auction until the sale is complete you may want to bring along a mechanic or someone with mechanical knowledge of cars to help you inspect them before you bid. Cars being sold by a dealer are legally required to reveal problems or defects, but that is not always going to be 100% accurate.
The biggest benefit for you is the savings you will get when you buy at a auto auction. It is not out of the question to see a savings of 60% to 90% off of the book value at an auction. With a little research on the front end you could be in position to buy a real nice car for much less than going to a dealer.
You will want to look for lower mileage cars. The newer cars tend to be better. It is also possible to find a car with some of the original warranty left.
A low starting bid of $100 to $500 is possible. To avoid getting into a bidding war and possibly going over your budget you need to establish going in what you are looking for and how much you are willing to spend. Taking your emotion out of an car auction is always a good idea if you are looking for the best deal possible.
Some people buy luxury autos at an auto auction. You must be patient if this is your dream.
The first time you might not find what you are looking for. Showing up to as many auctions as you can and on slow days in the middle of the week can be to your advantage as well.
About the Author
Perry L Gibson is a long time auto auctions attendee, you can receive more information at: http://www.usautoreview.com If you would like to get information, be sure to sign up for our reports.
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