Car Auction Membership Reviews - Save Hard Earned Money On Your Next Auto Purchase By Joe Krystofik

Are you in the market for a new car and you're interested in saving money like 99% of people out there? Then joining a car auction membership site could possibly be for you. I'll go over the whole process that I went through personally and some additional tips that I would do next time. I saved much more than I was expecting on my BMW 330 purchase and I know there are many others out there like myself.

First off, a lesson learned with buying anything online is to review the industry and check out personal recommendations. I rarely make a quick purchase and this is especially true with my recent car purchase. I've always heard about government auctions in the past but was definitely skeptical having known nothing about it. Naturally, I did some research and saved $5,200 off the Kelly Blue Book value. The first thing to look for on an auto auction site is to see if they offer a full money back guarantee with with the membership in case you're not satisfied. It will show their confidence in their product which should be important to a buyer. Another factor which you should ask yourself is, "How large and widespread is their car database?". After purchasing a few memberships this can be the most disappointing when searching through their auction database. Either they don't have anything in my area or the cars are nothing I'm interested in. Luckily for me I'm located in a major city but maybe you're not. Therefore, this is an extra important factor in joining the site. So what is the solution? Well, this is where checking out review sites can help. See what others have recommended and what they've been happy with. On many car auction sites you can test the database out beforehand to get a "teaser" of what is in the area.

Finally, once you get your membership keep a constant eye out for the new auctions and attend the public auctions that may be going on with less competition. This can be your bread winner here by jumping on local auctions where the competition isn't as fierce. After reading up in forums I learned this and found it to be some valuable insight. Some things I would have done differently would have been to be more patient. While it may be tempting to jump on the first, second or even third auction you go to I think patients would have allowed me to save a little bit more.

With this basic knowledge you should be well on your way to saving thousands on your next auto purchase. If you've discounted auto auctions in the past getting a membership to one might end up being one of the smartest things you could do. Just remember to look for sites that offer that money back guarantee if you're skeptical like many.

Joe K. works hard to provide type flight online product reviews. For more information regarding online auto auctions please check out,

Solution 4 Less Reviews

Buying a Car at an Online Auto Auction By Andrew Bicknell

For those that don't know auto auctions are the quickest and easiest ways for banks and government agencies to get rid of seized and repossessed vehicles. These auctions can be found all over the United States and can occur daily, weekly, and monthly and are a good place to find the automobile you've been searching for at a significant savings.

Here are six quick reasons why buying a car at an auction can be a good idea.

1. When you find a good auction site you will have piece of mind knowing they stake their reputation on providing a good experience.

2. Seized auto auctions can be a lot of fun. The sheer volume of vehicles to choose from can be quite an experience.

3. It can help you keep your budget intact when it comes to buying a new/used car.

4. You can set a maximum bid level that keeps you from overbidding and letting your emotions get the best of you.

5. You can save time and effort by not having to visit high pressure dealerships or driving from private sale to private sale hoping to find the car you are looking for.

6. Seized auto auctions are a great place to get great bargains on just about any type of vehicle. If you are interested in a high end vehicle, but don't care for the retail price tag, then government seized auto auctions are great for you.

As you probably already know, car dealers will do anything to get you into the car of your dreams. Dealers attend these private auctions to buy cars at a fraction of their retail value and subsequently turn them around, increase the price, and sell them to you at a dealership at a huge profit. Just think how much you could save if you bypassed your dealership and purchased directly from their sources. Car dealers know this, and they go to great lengths to protect this knowledge from the general public.

When you start bidding remember to stick with your plan, bid with your brain and don't let your emotions get the better of you. Don't get caught in a bidding war because one thing you have to keep in mind is the buyer's premium. This is usually in the 5% range and is a commission that is paid to the auction house on top of the winning bid on the vehicle. This means if you place a winning bid of say $20,000 you will pay an additional $1,000 to the auction house for their services. This can be a problem if you didn't take that into account when you got caught up in a bidding frenzy in which you used every last dollar you had. Use your head and you'll do fine.

Online auto auctions are a great place to find the car or truck you have been looking for at a rather large discount. By doing your research and bidding smartly you can save hundreds or even thousands of dollars on great cars.

For more information about finding an Online Auto Auction near you please Click Here.

So You Want to Try Your Luck at a Used Car Auction By Bob Ford

There are two basic types of auctions: Those open only to licensed car dealers, and those that are open to the public - including dealers.

Auctions open to the public are often best suited, in our opinion, for people who truly know cars and who know how to fix them or have access to a low cost maintenance facility. At most public auctions you can walk around the car, open the doors, look inside, and open the hood to examine the engine, but you will not be allowed to drive it. .

Full payment is required at the time of purchase, all sales are final and they come "as is," which means there is no guarantee or warranty. While there are some good deals to be had, keep in mind that this is a high risk proposition.

Who Holds Public Auctions?
1. The General Services Administration
2. The U.S. Customs Service
3. The IRS
4. The U.S. Postal Service
5. Your local police department (State, County and City)
To find out what auctions are being held in your area, check your newspapers and television.

What you need to know
1. Find out when they are holding the pre-sale inspection period and take advantage of it.
2. Inquire about the terms of the sale.
- Do they require a deposit before permitting you to bid?
- How will they accept payment? Cashier checks? Credit Card? Cash?
3. Determine how you will get the car home. Be wary of people selling temporary registrations at auctions. In most cases, you’re going to have to tow or flat bed the car off the auction lot. Generally, you’ll find various tow services offered at the lot.

Determining How Much to Bid
1. During the inspection period perform, to the extent permitted, the inspection checks outlined in “What Car Dealers Won’t Tell You (Available in bookstores and on Amazon.com)
2. Write down the: Vehicle Identification Number (VIN), make, model, number

of cylinders, mileage optional equipment and note the condition of both the exterior and interior.
3. Then call three used car dealers or wholesalers and "pretend" that you have a used car to sell. Describe the car you've inspected giving them all the details. Ask the dealer to give you a “ballpark” price over the phone. Usually, his number will be ten to twenty percent below its wholesale value. Add 15% and you’ll probably be pretty close to its true wholesale value. You might also want to compare their quotes to the NADA website. (www.nada.com ) 4. Once you know the approximate wholesale market value, adjust your bidding accordingly knowing that, in a worst case scenario, you can probably sell the car back to a wholesaler. 5. Use the VIN Number to run a CarFax report prior to the auction. CarFax reports include any history of accident damage, odometer fraud, multiple owners, title problems and much more. To see a complete list of their reports, log on to www.CarFax.com

Tips on Bidding
1. Always got to auction with a not-to-exceed bid amount in mind. And stick to it. Don't let yourself get caught up in the frenzy of bids. Your top bid number should never be higher than the wholesale value of the car.
2. Often an auctioneer will start the bidding at a high number and then drop it if, as is usually the case, no one responds to the opening asking price. It’s usually best not to be the first one to bid. Get a sense of the interest in the car before you jump in.
3. It would be a good idea to attend an auction or two before you start seriously bidding. The more you can learn, the better your chances of reducing your risks.

Good luck!

Bob Ford WebSite: Really Useful Guide to Buying Used Cars http://www.Buying-Used-Cars.com

Author: What Car Dealers Won’t Tell You. Amazon.com http://www.amazon.com/s/ref=nb_ss_gw/104-7187271-9463118?url=search-alias%3Dstripbooks&field-keywords=What+Car+Dealers+Won%27t+Tell+You&Go.x=6&Go.y=7

For over 30 years Bob Ford has worked in and around, and written for and about the automotive industry. His extensive exposure ranges from the executive suite to the factory floor to the dealership. He’s had virtually totally free access to closed door conversations, crisis management meetings and to some pretty odd and even questionable behavior.

Ford is author of "What Car Dealers Won’t Tell You." an “insider’s guide” to buying a new or used car. It details what to look for, what to watch out for and provides negotiation strategies and inspection guidelines designed to help buyers avoid scams and buyer pitfalls.

Media/Lecture Credits Ford has appeared on television as a subject expert on The Today Show, Fox News, CNN, many local market cable shows and dozens of call-in radio programs. He is invited by civic organizaitons and clubs as a guest speaker. He also is the automotive editor at-large for Young Money Magazine.