| For those that don't know auto auctions are the | | | | auto auctions are great for you. |
| quickest and easiest ways for banks and | | | | As you probably already know, car dealers will do |
| government agencies to get rid of seized and | | | | anything to get you into the car of your dreams. |
| repossessed vehicles. These auctions can be found all | | | | Dealers attend these private auctions to buy cars at |
| over the United States and can occur daily, weekly, | | | | a fraction of their retail value and subsequently turn |
| and monthly and are a good place to find the | | | | them around, increase the price, and sell them to you |
| automobile you've been searching for at a significant | | | | at a dealership at a huge profit. Just think how much |
| savings. | | | | you could save if you bypassed your dealership and |
| Here are six quick reasons why buying a car at an | | | | purchased directly from their sources. Car dealers |
| auction can be a good idea. | | | | know this, and they go to great lengths to protect |
| 1. When you find a good auction site you will have | | | | this knowledge from the general public. |
| piece of mind knowing they stake their reputation on | | | | When you start bidding remember to stick with your |
| providing a good experience. | | | | plan, bid with your brain and don't let your emotions |
| 2. Seized auto auctions can be a lot of fun. The sheer | | | | get the better of you. Don't get caught in a bidding |
| volume of vehicles to choose from can be quite an | | | | war because one thing you have to keep in mind is |
| experience. | | | | the buyer's premium. This is usually in the 5% range |
| 3. It can help you keep your budget intact when it | | | | and is a commission that is paid to the auction house |
| comes to buying a new/used car. | | | | on top of the winning bid on the vehicle. This means |
| 4. You can set a maximum bid level that keeps you | | | | if you place a winning bid of say $20,000 you will pay |
| from overbidding and letting your emotions get the | | | | an additional $1,000 to the auction house for their |
| best of you. | | | | services. This can be a problem if you didn't take |
| 5. You can save time and effort by not having to | | | | that into account when you got caught up in a |
| visit high pressure dealerships or driving from private | | | | bidding frenzy in which you used every last dollar you |
| sale to private sale hoping to find the car you are | | | | had. Use your head and you'll do fine. |
| looking for. | | | | Online auto auctions are a great place to find the car |
| 6. Seized auto auctions are a great place to get | | | | or truck you have been looking for at a rather large |
| great bargains on just about any type of vehicle. If | | | | discount. By doing your research and bidding smartly |
| you are interested in a high end vehicle, but don't | | | | you can save hundreds or even thousands of dollars |
| care for the retail price tag, then government seized | | | | on great cars. |