Is a Auto Auction Your Best Choice
An auto auction is simply selling a vehicle to the highest bidder. Cars are the most common vehicles sold by an auto auction. If you are looking for a great deal on a car, you can find them at an auto auction.
With a little bit of luck, you might be able to get a nicer car then you could normally afford. If you are planning on going to a auction, you should keep in mined these few tips.
You will usually find that the cars at an auto auction comes from rental companies or are repossessed. You might also find used fleet company cars are up for auction.
As rental companies or car dealers need to re stock their inventory they will sell the cars at an auto auction. Because you can not test drive a car at an auto auction until the sale is complete you may want to bring along a mechanic or someone with mechanical knowledge of cars to help you inspect them before you bid. If the car is being sold by a dealer, they are required by law to reveal any problems or defects, but remember that this will not always be 100% accurate.
The huge benefit to you is the savings you can realize when you buy a car at an auto auction. Some people claim a savings of 50% or more off the book value of cars purchased at an auto auction. If you spend some time researching, you could save yourself some cash and end up getting a great car for much less than going to a dealer.
You will want to look for lower mileage cars. The newer the better. You may even be able to find a car with some of the original warranty left on it.
A low starting bid of 0 to 0 is possible. To avoid getting into a bidding war and possibly going over your budget you need to establish going in what you are looking for and how much you are willing to spend. Taking your emotion out of an car auction is always a good idea if you are looking for the best deal possible.
Some people buy luxury cars at an auto auction. If this is a dream of yours be patient.
You may not always find what you want the first time. Go to as many auctions as you can, also try showing up in the middle of the week, you might just ending up driving away with a great deal.
About the Author: Perry L Gibson is a long time auto auctions attendee, you can receive more information at: http://www.usautoreview.com If you would like to get information, be sure to sign up for our reports.