Auction Power Guide

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

Im trying to get a good car for under 1000. (im a college student). I was planning on buying my dads car from him because he owes like $850 in tickets so if i pay it i can have it. My grandpa said for that price i could get a good car at a car auction for possibly cheaper. Can ayone help me find a good car auction? My grandpa recommended Venice.

Here are some. http://local.yahoo.com/results?stx=car+auctions&csz=Los+Angeles+County+CA

Going to auto auctions are always fun and can help you save money for those who want to buy anything under a set budget. And since basically it is a bidding war, interested participants can start their bid at a very low price and they have control over how much they are willing to bid or not.

This is also applicable in auto repo auction, where hundreds of vehicles are being sold to the public at a greatly reduced price to be able to get rid of cars that incur a lot of expenses, especially in storage and maintenance.

Most repo auctions are conducted by banks, leasing companies and government agencies. Although small time auction houses may also hold auto car auctions, these generic auction houses are not reliable sources of repo cars.

Most did not undergo any detailed history of its previous owners and if there is any remaining money owed to it. Some small time auction houses may be selling cars that are stolen without their knowledge because of relaxed environment as opposed to larger and reputable auction houses that verifies all of sources.

In participating auto repo auction, a participant must have a set budget and basic information on how he or she will proceed with the bidding process. Most vehicles sold in auto repo auction are still in prime condition and most are slightly used and offers the best value for its new owner.

However, you may be able to find a gem once in a while where the car is still in brand new condition having been driven for less than a year.

There are less mileage and some are still in showroom condition whose previous owner defaulted on its payment or credit contract. Auto repo auction are one of the best places to go to find your dream car at a greatly reduced price.

Ricky Lim

Looking for a car auction in Maryland? There are tons of searches done through Google, Yahoo and MSN for “car auction in MD”, “Maryland car auctions” and similar terms. This reveals that there are some wise consumers looking for cheap deals and bargains for automobiles.

What You Are Getting At a Car Auction in Maryland

There are different types of car auctions that take place in Maryland MD. You have the private auctions which are open only to authorized dealers. The public auctions are held either by state agencies like DEA, IRS, FBI and police departments and banks. These are all seized or pre-owned/surplus vehicles.

How Cheap is it to Buy From A Car Auction in Maryland MD?

Public auctions held by government agencies tend to offer better bargains. They are more concerned with selling to get rid of the vehicle inventories than profiting from the sales. You will often find deals up to 90% knocked off the retail values of vehicles there. As for the banks, for more details visit to www.auction-professional.com the cars are also auctioned cheaply but recovery costs are typically higher and hence, the starting bids are slightly higher as well.

Where to Find Maryland Car Auctions

Go directly to the official websites of the government agencies to take a look. Some agencies will list the auctions on their message boards. If not, give them a call to check out. Quite a number of them do not handle the auctions but rather contract the services of an auctioneer company to represent them and organize the auto auction. Find out who they are.

Alternatively, look through the classified ads of local newspapers and online news broadcasts. Newspapers like The Capital, Baltimore Chronicle, for more details visit to www.mining-auction-gold.com Baltimore Sun, Baltimore Times and others are great sources to know where each car auction in Maryland MD is held.

The final option, searching online car auction directories is perhaps the easiest option. The above 2 options can work but will take hours to find. You may also miss out some auctions that are not advertising also.

This is not the case with the online car auction directories. The search is automated and all you need to do is type in your requests. Everything works like a search engine and the results will tell you exactly when and where a car auction in MD is taking place. You can also see what car makes are available. To access such privileges, it only costs you a couple of dollars.
Start your car search now and find out the schedule and venue of a car auction in Maryland that is near your home today.

Arjinder
http://www.articlesbase.com/online-business-articles/how-cheap-is-it-to-buy-from-a-car-auction-in-maryland-md-723059.html