Get useful secrets about buy cars – Local car auctions are one the fastest growing avenues for buyers to purchase used vehicles right now due to the low prices. In this current economy and recession auto buyers need to cut costs and can not afford to get tied down to a long term lease or loan with a high interest rate. Local car auctions have the lowest prices on used autos, motorcycles, trucks, and SUVs because these items were seized by the police and need to be moved quickly to the highest bidder. However, winning the vehicle of your dreams at local car auctions is not easy.
Here are some tips on how to win local car auctions:
Finding local car auctions used to be problematic for many potential auto buyers, and there is still a large segment of the population that does not realize that there is an online database of local car auctions in your area. Most potential vehicle buyers still rely on newspaper advertisements, backpage ads, mailbox fliers, or City Hall postings, but nothing beats an online database.
After you find local car auctions in your area, examine the listings advertised to see if any of the vehicle makes and models interest you. Never put all of your eggs in one basket on one vehicle because you never know who else would be bidding on it, or the actual condition of the vehicle until you get there.
Research the retail price and black book price of the vehicle. Once you have that number in mind, be sure not to get into bidding wars at local car auctions. You want to bid no more than 20% under the black book price. Even if you lose the bid, you have many more options at other local car auctions to get the lowest price on a good vehicle.
Be sure to inspect the condition of the auto, bike, truck, or SUV. The good news about police seized local car auctions is that they are not salvaged and flooded vehicles. However, the vehicles have been stored in a police lot for a while – usually months, so it is important to inspect the outside and under the hood, and whatever auto checks you usually make. Please keep in mind that although the police, IRS, or U.S. Customs seized these vehicles, they are sold “as is” at local car auctions. Some local car auctions do offer 30-day warranties.
The final step is to run the VIN# on your laptop, netbook, or mobile phone. Most local car auctions have WiFi now, so you can do a background search on the vehicle to confirm that it is not stolen property, and that it is clear to buy.
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