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Car Auctions - Here's Why An Auto Auction is A Good Choice For You

Car Auctions - Here's Why An Auto Auction is A Good Choice For You

Car Auctions - Simply put, an auto auction is selling a vehicle to the highest bidder. The most common vehicles sold at an auto auction are cars. If you are looking for a great deal on a car, you can find them at a car auction.

With a little bit of luck, you might be able to get a nicer car then you could normally 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 come from rental companies or are repossessed. Company cars are also available at a car auction.

As rental companies or car dealers need to update their inventory they will unload the cars at an auto auction. You will not be able to 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. If you spend some time researching, you could save yourself some cash and end up getting a great car for much less than going to a dealer.

It best to look for cars with lower mileage. The newer cars tend to be better. You may even be able to find a car with some of the original warranty left on it.

Bids can start as low as $100 to $500 and go up from there. 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 like to buy luxury cars at a car auction. If this is a dream of yours be patient.

You may not always find what you want the first time. 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.

Article Source:

Perry L Gibson is a long time auto auctions attendee, you can receive more information at: - if you would like to get information, be sure to sign up for our reports.


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