How Much Money Should I Bring to an Automobile Auction?
I'm pretty sure that you've heard about the great deals you can get at an automobile auction. Whether you've looking for something to get you back and forth from school or work or a luxury car, you can find it at an automobile auction. One of the most frequently asked question by those attending a car auction is how much money should they bring. While this question is highly subjective, there are some ways to get a general idea of how much money you should bring to your next auction.
First, you should have an idea of what type of car you want to buy. The more specific you are, the better. If the auction you are going to has a website, go there and pick out a couple of cars that you like. If they don't have a website, visit the auction site to view the cars a day or two before the auction starts.
Then, you'll want to get your hands on a Kelly's Blue Book. Use it to look up the cars you have picked out and find out how much they are worth, as well as their trade in value. Ideally, you'll only want to bid up to or a little over the car's trade in value. Otherwise, you might as well just go to a used car dealership and get your vehicle there.
You'll also want to call up the auction house to ask about any taxes and fees that will be added on top of your winning bid. These fees are what catches a lot of people off guard and they end up not being able to to pay for the car they bid for.
In general, you can get a car from an automobile auction from anywhere from 0 to ,000 depending on what type of car you're looking for. So, in order to know how much money to bring with you, know the value of the car in addition to any fees and taxes you may be required to pay upon winning the auction.
Now that you know how to get an idea of how much money you should bring to a car auction, your next step is to find one near you. You can makeit pain free byjoining a car auction list.
Visit www.MyCarAuctionReview.com for reviews on the best ones!
About the author:
E MAIL shows me cars for sale at seized cars for sale @ yahoo.com. How can I buy them? I don’t know how.
These cars are very inexpensive and I want to buy several.
Is their any Seized car websites were you dont have to pay to look at the cars for sale/?
ive been looking around for seized cars in websites and the ones ive seen require u to pay so u could see the auctions available
The best deal for Cheap cars online?
Is this the best offer for Cheap cars online?
I have searched reviews and sites all over the internet and the best offer I could find was at http://moveto.ws/ssksiuesf
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is there a seized car auction website in southern,california to buy cars for cheap?
i need to see them on the website like they have to be repossessed by the bank or impounded cars for sale, i heard they have brand new bmw’s for like 20,000
Website that list local seized or reposessed cars for sale ?
I am looking to buy a good car for cheap what they call a steal I have tried many sites and paid for them buy they all turn out to be scams as usual. Please anybody had good experience with any of these sites let me know what the website is. Or how to find those cars. I hear people say that I have to call banks and see if they have any.
Ever heard of the saying “There’s no such thing as a free lunch”? Anyone who has cheap cars knows that there are major problems with them (no title, etc.), they can never be driven on public roads (for whatever reason), or (for companies selling “lists of repossed cars in your area”) they’ll sell you a $20 list of what’s public knowledge and, thus, is priced accordingly. The only cheap cars are the ones not worth buying.
My background: I’m not a dealer, but I’m 35 and have owned 28 cars and 8 motorcycles. (I’ve slowed down in recent years.) I have friends who have owned over 30 cars. I’ve seen and owned the worst cars out there….beware of anyone charging for a “list”.
craigslist or auto trader.you’ll find cars cheaper here than you will ever looking at online auctions.
All of the free car website for seized and government vehicles are FREE!!!!!
The problem is the scammers have jambed up all the search engines so you cant find them — They are out there – Just look a little harder….
Here is an example of one site that has many auctions here in New York….. Save this site — They regularly have seized and surplus vehicles…
http://www.auctionsinternational.com/
Heres another one…. Its wont be updated till march with a new schedule so save this page….
https://www3.ogs.state.ny.us/surpluspublic/auction/calendarlist.asp
Contact your local county, city and other govt agencies and ask them when and where or whom manages there surplus, seized assets and they will tell you….
Pay no website for this info — Its all free if you look a little harder…..
I would recommend a site I use in my business (buying and selling large bulk lots of anything), and this site is GovernmentAuctions.org.
They have tons of media coverage, and the CEO’s been on CNBC, and they have faily good data and excellent support
As far as a new BMW, you’re not really going to find 2008 seized cars. Rather, your more likely to find 2003-2006 upscale cars like BMW, Mercedes and Lexus that have been seized by US Customs, IRS, or US Marshalls, and the price you’ll pay will probably be very good compared to a dealer, but auctions for these high end cars can get somewhat competative, and so don’t expect to get a steal on such a popular item as a high end car (although you can easily get steals on less popular or manageable items).
That said, you can still walk away with a nice car bargain at these auctions. Just do your research with bluebooks and such before you go in to bid, and don’t go above your predetermed maximum bid.
As far as California, I know of at least two regular federal government auctions that take place every several months at which these types of cars are sold, and GovernmentAuctions.org and their top-notch support staff will get you the info you need. They also have websites listed on which you can bid for US Marshalls and US Customs cars online, but I would not recommend doing that unless you physically inspected the car (which you can most of the time do), and they’ve started it for you (which they do).
For your reference, in my sources, I’ve posted a link to a video of one of these federal auctions at which seized vehicles are sold.
Good luck.
Never buy a repossessed car. I’ve repossessed many and never found one in good condition. If people are irresponsible or unable to pay they can’t afford to maintain the car. Many people just beat on it as they know they’ll lose it anyway.