How to win an auction
 

welcome to our auction Archive. Have fun browsing!

 

Article #120: Auto Auction Tips

(Browse for more articles)

 
No question about it: A government seized Cars at auctions are sold "as is" and the
auto auction is a great place to find a auction house is not responsible for any
used car, one that you can buy that same damages"as is" and not only is the
day without any hassle or red tape. auction house not responsible for any
However, to avoid being ripped off, make damages, but they are also likely not
damn sure you know what you're doing aware of them.
before you get into it. Owning a vehicle It is not their business to do
is not only a long-term investment but inspections or validate the condition of
also involves a lot of maintenance. the cars they are selling. You might want
What is not a scam is that the federal to purchase an extended warranty on the
government really is actively making vehicle you win from auction so that you
second hand luxury vehicles available for are covered for any unexpected problems
sale. Some cars the feds owns but want to or expenses.
dispose of. These vehicles are usually � There are some cases where the
vehicles that are no longer needed in automobiles will come with a warranty and
service for the federal government. if this is the case, they will let you
However, most of these vehicles offered know before bidding but typically there
by the government are not actually owned is not one, especially with repo cars.
by the feds, but have been seized because � Car auctions are competitive, and
of criminal activities. Vehicles that are it's possible to end up paying more than
used in the commission of certain crimes, the vehicle is worth. Have your Kelly
particularly drug offenses, often become Blue Book handy and do not pay over the
the property of the arresting agency, blue book price. Some people will run up
depending on local laws. While these the bid price because they have no idea
seized vehicles are occasionally used by what the auto is worth.
the agency, in the vast majority of � If possible, bring along a specialist
cases, the vehicles are sold at auction. in bidding for a car. Vital information
Before you start placing your bids on is important to know whether a car is of
that sweet 'Vet that you fell in love decent quality.
with on first sight while browsing your � Remember: state and government seized
favorite online auto auction site, cars are those that are done by people
remember that a picture is only worth so who committed crimes, so the seized cars
many words, which makes it difficult to may be more damaged and more fragile than
get a complete assessment of a vehicle. a car that the government may have seized
Do your homework and due diligence first. in a different manner (a repossession,
Some things to keep in mind: for instance).
You need to make sure that you have � Be careful. Before you ever place a
enough money in your bank account before bid, pull a Carfax or Autocheck by
you attend a car auction. All cars Experian. In order to reveal any odometer
purchased at a car auction must be paid or title problems. Important issues like
in full. It won't work to say, "I'll give if the car has been wrecked or flooded is
you a portion now and the rest later"I'll also revealed.
give you half now and the rest when I get Do you know what some of the common
paid." That's not going to work. You must pitfalls are when attending a car
have the total cost of the vehicle. auction?






1- A- B- C- 2- 3- 4- 5- 6- 7- 8- 9- 10- 11- 12- 13- 14- 15- 16- 17- 18- 19- 20- 21- 22- 23- 24- 25- 26- 27- 28- 29- 30- 31- 32- 33- 34- 35- 36- 37- 38- 39- 40- 41- 42- 43- 44- 45- 46- 47- 48- 49- 50- 51- 52-