Getting Into Auto Auctions

Getting Into Auto Auctions

by

Steven Pierce

Auto auctions offer a tremendous opportunity to find used cars for sale at extreme cost savings. These auctions are held around the world. The used car sales usually rely on trade-ins that have high mileage. Many of the vehicles are in excellent shape, but selling them on a new car lot is cost-prohibitive. For this reason, many dealerships turn their trade-ins over to a reliable auction house. You need to know the difference between the types of auto auctions.

Government Surplus Auctions:

Federal, state and local governments have strict protocols in place when it comes to getting rid of property–such as vehicles–when they are no longer needed. If you\’ve ever seen a civilian driving what appeared to be a cop\’s car, chances are it came from one of these auctions. The advantage to these is that the cars are often well-maintained. The disadvantage is they are often used hard, and have high mileage.

Government Seizure Auctions:

Cars are seized by the government all the time for many reasons ranging from loan default–to tax evasion–to forfeiture due to drug related crimes. These auctions offer what is probably the best chance to buy a used car cheap. Insurance Auctions: Vehicles sold in this manner are typically damaged. Some are so destroyed, that their only value is as scrap or for parts. Others might be mechanically sound, but need body work that is so extensive, it just isn\’t cost effective for the insurance company to undertake. These \”totaled\” cars offer the ability to find used cars for sale at a small fraction of value. This route is only recommended to those that have the means to make the majority of repairs on their own.

How to Find Out About Auto Auctions

Local newspapers will post notices about government auctions. States and the federal government maintain surplus property websites that you can visit for the latest auction dates. You can even add your name to an email mailing list so that you\’re notified about auto auctions that may interest you.

Research

Before attending any auction, try to obtain a list of the vehicles that will be offered. These rosters may have important information such as mileage and defects. Sometimes you can also find out a car\’s maintenance records if the previous owners took it to a dealer mechanic. No matter which option you choose, be sure to take some precautionary steps in order to protect yourself.

Steven Pierce is a guy who has tons of general knowledge that makes him a credible source of information about cars, business and marketing. Stay tuned for his smart and economic tips and guides on

Auto Auctions

, visit

southsideautoauctions.com.au/

.

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