Remember To Bring Car Haulers To A Car Auction |
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Leewis J. Napperd
2 August 2012
People who are looking to get vehicles for a good deal - and have access to car haulers - should look into vehicle auctions. Some auctions have vehicles that have been repossessed by the bank, and some have vehicles that have been seized in police auctions. Individual owners who just need to sell their cars quickly can also sell their cars in an auction. Most cars do not have a minimum bid, which means that depending on who else is bidding you have a good chance of scoring a great deal on a car.
You can look for your local auction site to check the calendar for the large car events. Normally the bank auctions and police auctions will be held separately since both have a large volume of cars to get rid of. Bank auctions have a huge lot of cars that were repossessed for non-payment. Since the bank can't do anything with the actual car, they will auction it off to recoup some of the cost that they lost. Police auctions have cars that were seized from people who were participating in illegal activities. Just as with bank auctions, since the police can't use the actual vehicles they will auction them off to raise funds.
When purchasing a car from an auction it is a good idea to go early. This way you can look at some of the cars before they are pulled through the auction. This will give you a good idea of which cars you want to bid on. You won't be allowed much time to check the car out when it is up for auction. Since auctions are very fast-paced, you could end up missing out because you were trying to check out the vehicle.
All cars sold in auction are as-is, which means that you won't be given a warranty and there is no guarantee that it will even run. You will have to bid at your own risk, but you should also be prepared to have to make some repairs if it is an older car. You should bring your own car haulers or box trailers in case the car does not run. With access to one of these, you will have a way to get it home if you are unable to drive it home from the auction. Just because the car is not running doesn't mean that you should pass it over. With a small amount of work, you could end up getting a great deal or even resell the car for a profit.
Bank and police auctions are a great place to score a car for a really low cost. When shopping for a car in an auction, be sure that you check out the cars before the auction, bid on the cars that you want, and bring car haulers for instances when the car is not in running order. At auctions, one person's loss could end up being your treasure.