online car auctions – Look To Car Auctions For A Great Deal – free article courtesy of ArticleCity.com
Look To Car Auctions For A Great Deal
by: Ted Belfour
Planning to buy a car from an auction place? Be very careful while making your decision about buying the car from an auction place. There are various ways you can purchase the car from an auction place. You must be aware of public auction. There are other ways available too. Let us try to understand various types of car auctions available to you.
Wholesale and Manheim Car Auctions - this car auction is not for you. Wholesale or Manheim car auctions are meant for auto dealers, the licensed ones. Common man like you and me can't even attend this auction.
Salvage auctions - again, not meant for common public. These cars are in such a poor state that a mechanic or a pro in the industry can only dare buy cars from such auctions. Don't ever think of bidding for a car in salvage car auction unless you are a pro in the same trade.
Government or Police car auction - here the cars for sale are those which have been discarded by the government agencies or those which have been confiscated by the police. General perception is that one can get a car at a lower price in such auction. You may be grossly wrong. First, the cars may be in such a horrible state that you may need lot of money to restore its original condition. Secondly, you may never know about the history of the car. Ensure that you have run through Carfax history report for the same. Last thing to remember - you may have to shell out commission to the auction agency over and above the bid price. Always keep almost 15-20% extra money ready than your bid amount
Online auctions - relatively a new concept in car auction. This concept caught up with the advent of internet, and caught fire through ebay motors, their car auction site. Online car auction offers the convenience of buying the animal from the sitting comforts of your home. However, don't get carried away by the claims and other bids for the car. It may be a frame work by other bidders. Problems with online car auctions lies with the fact that you have to bid for the vehicle you haven't seen. It is always better to run a price check in the local market for a similar car model.
If you still decide to enter into any of the auction processes through any of these, look for history report and VIN for the car in question.
About The Author
Ted Belfour is the owner of http://www.www.public-car-auctions.info and http://www.butler-auto-auction.info website providing information on car auctions.
How about these right... I think you'll find the following nuggets of wisdom particularly insightful. Leave your comments below. Check out the second one in particular...
Japanese Bonds Decline on Concern Supply Will Overwhelm Demand
“There's a lot of concern given that the five- and 20-year auctions didn't do so well amid concerns of increases in supply.” Read More...
US Treasury Fairly Valuing Warrants From TARP, Expert Says
Goldman Sachs redeemed its warrants for $1.1 billion, while JPMorgan Chase & Co. has said it will allow the government to auction its warrants after the ... Read More...
Treasury Prices Fall With UK,German Debt On BOE Minutes
(Adds information on upcoming Treasury auctions, late-afternoon stock weakness, swap spreads and price table.) By Min Zeng Of DOW JONES NEWSWIRES NEW YORK ... Read More...
That's all the news for today guys, so until next time, thanks for stopping by.
Mail this post
Tagged with: government surplus auctions • online car auctions
Filed under: General
Like this post? Subscribe to my RSS feed and get loads more!
