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Auction Tips

Car Auctions Can Save You Thousands on Your Next Vehicle

Every single day across the country, government agencies such as the IRS and the FBI hold car auctions for pre-owned vehicles. They are generally under three years old, and the public can buy them at deeply discounted prices. Many people don't even know that the auctions exist, or they think that the car auctions are 'too good to be true.' In fact, they are authentic, and the deals are incredible. The government agencies obviously want to get as much as they can for these vehicles, but there are some excellent bargains to be had, some as much as 95% off the value of the vehicle. All types of makes and models are sold - trucks, vans, convertibles and SUVs.

The Car Auctions Process
Normally, there are a few lanes that are all bidding at the same time, and each lane has their own auctioneer. As you can imagine, he is talking a mile a minute. Don't let that overwhelm you; you'll get the hang of it soon enough. There are many helpers who watch out for the bids. As the cars come into view, hoards of people rush to inspect it; the hood and trunk are opened, the body is checked for paint chips or other damage. This is one reason that it is a good idea to get to the car auction ahead of time so you can see what's available that day and you can inspect your favorites.
In fact, it may be possible to preview the vehicles a few days before the actual sale starts; this allows you to take your time inspecting them, although you probably won't be able to drive test them. For those that shop online, there are memberships that are available; this gives you the advantage of getting a guarantee or a warranty; something that many pre-owned car dealers refuses to offer.
You must be 18 years of age or over, and have a valid driver's license in order to participate in the process.

Devise a Plan
Arrive at the car auctions early, especially if it's your first time. You want to be able to be one of the first to arrive so you can peruse the selection of vehicles that are available. Most car auctions run by government agencies do not require any registration or buyer's fees. The only thing you'll pay for is the price of the car.
It's a good idea to have a blue book or other pricing guide so you get an idea of what each car is worth. You don't want to pay more than the value of the car. If you have a Smart phone you can surf various websites to get dealer pricing as well. You'll find the best deals on the older models - ones that traders or dealers don't want to spend money fixing up.

Are There Risks?
Like anything else in this world, car auctions do come with some slight risks. The best way to reduce your risk is to attend a few auctions before actually buying anything so you can get used to the process. Also, study the market value and blue book values of various vehicles. Some agencies will let you bid and purchase online, making the whole process much easier. Here are some auction sites for you.



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Car Auctions Can Save You Thousands on Your Next Vehicle
Every single day across the country, government agencies such as the IRS and the FBI hold car auctions for pre-owned vehicles. They are generally under three years old, and the public can buy them at deeply discounted prices. Many people don't even know that the auctions exist, or they think that the car auctions are 'too good to be true.' In fact, they are authentic, and the deals are incredible. The government agencies obviously want to get as much as they can for these vehicles, but there are some excellent bargains to be had, some as much as 95% off the value of the vehicle. All types of makes and models are sold - trucks, vans, convertibles and SUVs. Learn More.

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