Auto Auction - A Great Place To Buy A Cheap Car By Anthony Lee

Make: Nissan
ID: 6874-485302042
Model: Sentra SE-R
Location: California
Year: 2004
Type: Car
Mileage: 32,708 Miles
Sold For: $2,599

If you're looking for an automobile but have a very small budget to go around, then an auction of repossessed cars might be the answer to all your problems. Normally, the government and banking institutions seize thousands of cars every day due to a variety of laws, violations and as debt payments.

The government and banks put these automobiles for auction since it is cheaper for them. You see, when they seized or repossessed cars, they have to store them someplace and the costs of storage is a little bit high and not to mention the deterioration and depreciation of the cars would gain if they are put to storage over a long time.

That's why they want to dispose these kinds of automobiles the soonest time possible even if it means selling them at way below their appraised value. The answer is conducting a confiscated auto auction. There are times where banks and the government sell these automobiles at 80% to 90% off retail value.

Automobiles that are auctioned off by the government usually comes from the Internal Revenue Service (IRS), U.S. Marshals Service (USMS), U.S. Customs Service, from the State and local Police/Sheriff's Auctions, U.S. Department Of Defense, Small Business Administration, U.S. Bankruptcy Court, U.S. Department Of The Treasury, Regional Government Public Auctions, Department of Defense Reutilization and Marketing Service (DRMS) and even in other departments like Department of Energy (DOE) and Department of Agriculture (USDA).

It's just a matter of taking time and looking around these departments' circulars and confiscated auto auction notices. It would also help if you know someone in the inside so you could be informed immediately about any auctions.

However, when you go to confiscated auto auction venues, you need to remember two basic things, and these are applicable to most types of auctions. First, you need to run a CARFAX Vehicle History Report on the vehicle's VIN# before you even buy the car. And second, when you have decided to purchase a car you will be needing to buy it an extended warranty. Also remember to give the warranty a thorough glance and review and compare them with other insurance/warranty companies.

But since a confiscated auto auction is such a great place to buy a car, why is it not well publicized. The truth behind confiscated auto auction is that car dealers don't want to let the general public to get to know about this so much. If the general public will start going to these auctions and start bidding on their own, I'm sure car dealerships' sales will definitely be affected; most probably sales will go down considerably.

To search for auto auctions in your area, visit http://www.auto-car-auctions.info

Save Money On Your Next Care At A Repo Car Auction By Ian Henman

Make: Nissan
ID: 5865-485740222
Model: 350Z Hatchback
Location: Quebec
Year: 2004
Type: Car
Mileage: 35,607 Miles
Sold For: $3,000

It's been a used car dealers best kept secret for a long time. Repo car auctions were a place used car dealers could pickup several good used cars and/or trucks bring them back to their lot and sell them for a nice profit. While that is still the practice of some used car dealers it's easier now for the average Joe to learn the ropes, and get his/her own deal on a repo car from the auction.

Find the Information

This can be the toughest part of the entire process. Discovering where and when auctions take place, and if you can or can't get into one is the first step. Your local town office may have information about repo car auctions in your area, also watch the news papers for notices of police or government surplus/repo auctions. These auctions will not only have cars and trucks but also other merchandise such as boats, atv's, and other motor vehicles.

With the advent of information sharing on the Internet it's made it even easier to locate repo auctions. There are services set up solely for this purpose of providing info on auctions in your area as well as what items will be going up for auction.

Where do the vehicles come from

There's a variety of places cars can come from that are up for auction. More times then not they've been repossessed by finance companies, banks, the police and even the town or state. Most times cars and trucks at repo auctions are newer model years, with low mileage, and in good shape. Making it the perfect place for you to pick up your next new to you car.

The best way to navigate the repo car auctions circuit is to use a professional service that specializes in providing consumers information on auction locations, cars available etc. Understanding how to bid on a car you may be interested in, making payment if you win, and pickup are all items that should be posed to a professional.

No question if you're willing to do a little bit of research you'll save a bundle buying your car from a repo auction rather then a used dealer. You could very well bid against the same person you'd buy the car from otherwise. Using a service to do your research online prior to heading out to locate an auction is ideal. You'll be able to see what similar cars have sold for at other auctions, and sometimes even place a bid online.

To learn more about researching repo car auctions visit our website at repo motorcycles.

What You Need to Watch Out For at Public Car Auctions By Joseph Ducat

Make: Mitsubishi
ID: 5555-00047589
Model: 3000GT
Location: New England
Year: 1998
Type: Car
Mileage: 100,697 Miles
Sold For: $2,000

Every public auction has an inspection period when you can view the vehicles and maybe even start them (though you will not be able to test drive them). Be sure to attend the inspection period and to note down the vehicle identification number of any car you are interested in. Then you are well-advised to track down the car’s vehicle history report on Carfax. This will tell you the car’s ownership and service history, and also alert you to previous accidents or problems that the car has experienced in the past. Of course, it will also assure you whether the car has a clean title. But using Carfax to obtain the vehicle history report will require you to pay a fee to use the service.

Another thing you can do is to check the car’s trade-in value with a Kelley Blue Book. (You can also use the website at kbb.com.) It is highly advisable to do so in order for you to determine your bid properly. Note that your bid is not the sole amount of money you will end up paying to get a car at an auction. You must take into account the registration fee you will pay to join the auction. In addition, take note that any winning bid you make on a vehicle is not the same as the full price you will pay for it. You must also add a buyer’s premium, which can range from 5% to 10% of the bid you made.

Also consider that a car at an auction is sold “as is” with no warranty. You will have to get a used car extended warranty for it. The cost of the warranty may have to be added to your total costs.

Since the cars are sold without warranty, you will be hard pressed to get any sort of recompense if you should have problems with your purchase. It is not possible for you to simply return the car or get your money back. There are no guarantees offered for the vehicles sold at public car auctions. That is what selling them “as is” means.

If you are thinking of buying a car at a public auction, learn more about how to find great deals at auto auctions. Visit http://www.deal-finders.com/car-auctions