Public Car Auctions Tips
Public Car Auctions – Tips To Buy At Public Car Auctions
Public car auctions are excellent bargain hunting grounds. However, you do need to know some tips if you want to bid successfully yet enjoy huge savings for your desired car model.
Here are some handy tips and information you will find useful when participating in public car auctions.
1. Auctions are conducted in many cities and states in USA throughout the entire year. Some are small scale auctions, while others are heavily publicized.
2. Search the classified advertisements section of national and local newspapers as well as car magazines for advertisements for public car auctions.
3. Buying at lesser known auctions can really get you some cheap bargains as there are not many bidders.
4. Cars sold in public car auctions organized by the local police departments are often in excellent working condition because of regular maintenance.
5. Always check how much money you have in the bank. This is because you have to get ready a bank draft and confirm the deal on the same day.
6. You will not always walk home with a car at 95% off its original price. The bidding will push up the price especially if it is extremely popular. Still, a 70 to 80% discount is very likely.
7. Participate in several public car auctions to understand how the bidding works.
8. Always decide your bid ceiling. People who are unprepared with always walk in and try to outbid one another, only to overbid for their vehicles. Do not be led by impulse to bid too high no matter how much you like a car.
9. Remember to inspect the car and check the VIN #. Be sure to ask a professional car mechanic or at least a friend who is good at such stuff.
10. Before bidding starts, make sure to shortlist a number of vehicles. This is to make sure that you will still be able to find a car you like. Do not be discouraged if you lose the first 2 bids.
Public car auctions are excellent bargain hunting grounds. However, you do need to know some tips if you want to bid successfully yet enjoy huge savings for your desired car model.
Here are some handy tips and information you will find useful when participating in public car auctions.
1. Auctions are conducted in many cities and states in USA throughout the entire year. Some are small scale auctions, while others are heavily publicized.
2. Search the classified advertisements section of national and local newspapers as well as car magazines for advertisements for public car auctions.
3. Buying at lesser known auctions can really get you some cheap bargains as there are not many bidders.
4. Cars sold in public car auctions organized by the local police departments are often in excellent working condition because of regular maintenance.
5. Always check how much money you have in the bank. This is because you have to get ready a bank draft and confirm the deal on the same day.
6. You will not always walk home with a car at 95% off its original price. The bidding will push up the price especially if it is extremely popular. Still, a 70 to 80% discount is very likely.
7. Participate in several public car auctions to understand how the bidding works.
8. Always decide your bid ceiling. People who are unprepared with always walk in and try to outbid one another, only to overbid for their vehicles. Do not be led by impulse to bid too high no matter how much you like a car.
9. Remember to inspect the car and check the VIN #. Be sure to ask a professional car mechanic or at least a friend who is good at such stuff.
10. Before bidding starts, make sure to shortlist a number of vehicles. This is to make sure that you will still be able to find a car you like. Do not be discouraged if you lose the first 2 bids.
Labels: auctions, auto, auto auction, automobile, car, car auctions, cars, government auto auction, government car auction, public auto auctions, public car auctions, repossessed car auction, used cars
posted by Find What You Need @ 12:29 AM
1 Comments
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1 Comments:
You simply have to be able say 'no, thanks at that price' at least once to the dealer. This gives them a strong message that you are serious about your research.
You should also bring a piece of paper to the dealership and make sure you do all the math of the finance calculations yourself. The point is not that they will do the math wrong. The point is you will see exactly how the deal is structured. Do not be afraid to take the time to do this or look like a fool for mapping out your car deal in the dealership.
My dad swears by this process, http://tinyurl.com/knflt6
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