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Save Money By Buying A Used Car At A Car Auction

Save your money by opting for auction cars

Sometimes it is very difficult to find a second hand used car in a good condition. Well, if you are searching for a cheap car, it is advisable to take a look at the car auctions organized by police and government bodies. There are cars used by the police, open for auction somewhere in close proximity to you almost every alternate month.

Cars that are auctioned by police are generally the ones that are seized from criminals by the law enforcement agencies. These bodies are also in a practice of selling their own cars once they reach a certain age or go over say, 60,000 miles. These type of auctions offer a large volume of cars. In these auctions, it also happens that some of the good performing cars are sold for very cheap. It is easy for anyone to find a large variety makes and models right from the family cars to sports cars.

If you participate in any auction, you just have to place your bid on the cars you want to buy. During the auctioning, you get a directory of the cars that are open for bidding. So, according to your needs, pick the ones that are of your interest and place your bid. Always remember to find the resale value of the car you are interested in. Once you have determined the amount you are willing to spend for any car, you have to just place your bid. And if your bid is the highest one, the car will be yours. Most of the cars would go from 45 – 70 % less than their actual resale price. Therefore, don’t get excited and get into the bidding process by carefully watching the other bidders.

Try to reach the auction venue as early as possible and remain there until it gets over or until you have successfully owned the cars that you want to buy. Generally, the best deals strike either at the beginning or at the end of the auction. Most of the participants reach late at the auction venue and leave early. Comparatively, there is much less competition in the bidding at the beginning and at the end of an auction.

Before filing the final formalities such as writing the check, or verifying any other document, make sure that you have properly inspected the car. Most of the cars are in good condition but it is always suggested to be prudent, because once you have paid for the car, it’s final. Also, before leaving the auction venue, make sure that you are having all the documents needed for the ownership of the car.

The car auctions organized by the police and other government bodies are a great source of getting a second hand car in good running condition, much cheaper than its actual worth. Even if you use the car for an year or so and then resell it, it is possible that you get an amount higher than the amount at which you purchased the car.

Thomas Winn

  1. Shak
    August 4th, 2012 at 02:20 | #1

    Is it a good idea to buy a used car from a REPO auction in order to save some money?
    I’ve been wanting to buy either a Acura Intergra (sedan, auto)or a Honda Prelude (auto),and after considering being able to score a good deal from a REPO, added Lexus IS (auto) series to the list too..
    First off , could any of you suggest, if buying from a REPO is a good idea, where and how to start with locating these auction?
    I live in Sacramento
    Also, How many different kinds of auctions are there anyway?

    Second of all, of all the cars listed above, which one would you suggest buying. My budget is around $8000.

    Every comment would be appreciated.
    Thanks to everyone who answers here.

  2. wayne
    August 4th, 2012 at 07:22 | #2

    First off, all the cars you listed are good cars, buy the one you like.

    Far as the repo auction, people who get cars repoed, know its coming. This usually means they slack off on the maintenance. Look to see if the oil has been changed recently and such like that. Someone I know had a car repoed, and did not change the oil for 10 thousand miles. That hurts bad.

    What you save from an auction can bite you in the butt in the future. Look for oil change info on the windshield and in the glove box.
    References :

  3. dodge man
    August 4th, 2012 at 07:24 | #3

    i own a repair shop,and sometimes it is a good idea to do this you can save a lot of money on one,but then again you can get burnt real bad also,i,ll give you an example my neighbor lost his job and before he got his truck repo,d he poured it full of sugar,so ever who gets it is going to be surprised,in other cases you can get some good deals though just be real careful when you buy one,there is some real good deals out there you have to watch out though and don’t get burnt ,good luck i hope this helps.
    References :
    been a certified mechanic for 36 yrs.

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