| * Have you ever dreamed of owning one of
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| | guard and get the bidding started high
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| those high end luxury cars but just
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| | all the more better for him. He probably
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| couldn't fit it into your budget? *
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| | gets a commission on each vehicle sold
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| Wouldn't you like to impress your friends
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| | and the higher the price the more money
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| and neighbors when you drive up in that
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| | in his pocket. * Unless a vehicle has a
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| Lexus, BMW Mercedes, Cadillac, a
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| | minimum set price you can start the
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| customized SUV or Hummer? * Now you can.
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| | bidding as low as you want. If the
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| * How, you ask? * Answer: Government and
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| | bidding is going lets say $100 increments
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| Public Auto Auctions! * Each year the
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| | and you want to bid half that or even a
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| federal government sells billions of
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| | quarter, tell one of the assistants or
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| dollars of seized and forfeited surplus.
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| | auctioneer. * Some Do's: * I : If this is
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| A large chunkof this is vehicles. Here
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| | your first time at a auto auction just go
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| you can find the high end luxury cars
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| | look around and observe the operation
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| (BMW, Lexus, Cadillac, Mercedes, Ferrari,
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| | before buying. * II : Inspect the vehicle
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| just to name few) and even custom made
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| | prior to the sale. * III : Read all the
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| Hummer Limousines. You can even find
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| | rules and regulations. * IV : Find out
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| Motorhomes and Motorcycles. * Its an
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| | what fees are involved. * V : Check any
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| enormous cost to store these vehicles so
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| | warranties or guarantees. * VI : If
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| the government will hold auctions
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| | possible buy at a day sale. You can
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| throughout the year to get rid of theseas
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| | inspect the vehicle better. * VII : Set a
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| fast as they can even if the vehicle
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| | price you are willing to pay for a
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| brings a fraction of what its worth. This
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| | vehicle and stick to it. * Some Don'ts: *
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| is where you can grab a bargain. * These
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| | I : Buy a vehicle unless you are
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| vehicles are usually seized and
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| | convinced it is reliable. You don't want
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| confiscated from illegal drug dealers and
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| | to sink money into a lemon. * II :Get
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| other criminal activity. As you know
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| | into a bidding war with another buyer and
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| these people don't drive around in cheap
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| | bid way over your head. * III : Go over
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| compact cars. They drive the expensive
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| | your budget. * IV : Get over anxious. *
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| high end luxury cars SUV's and custom
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| | Auto auctions can be fun but they can
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| made vehicles. * Incredible deals are
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| | also be stressful. To make it more fun
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| waiting for buyers just like you at
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| | and rewarding go prepared and stick to
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| auctions held year round. * Auctions can
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| | your plan. * Each auction has its own
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| consist of one to two or more lanes. They
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| | method of operating but the basics are
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| can all be auctioning off vehicles at the
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| | pretty much the same. * We'll look at: I
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| sametime and it gets quite noisy. There's
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| | : Warning signs and tips on what to look
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| a lot of moving and crowding around the
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| | for when checking out the vehicles prior
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| auction block. The auctioneer will
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| | to the sale. II : General Auction Rules
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| usually have 1 or 2 assistants down on
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| | and Regulations: These may vary from
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| the auction block helping him pick out
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| | auction to auction. III : What these
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| whose bidding. If you have a question ask
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| | terms mean: a : As Is: b : Buyers
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| one of them. They will help you.
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| | Premium: c : Minimum Bid: d : Opening
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| Sometimes its hard to understand the
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| | Bid: e : Absolute Auction: f : Reserve
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| auctioneers words. * The auction goes at
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| | Auction: g : Sealed Bid Auctions: h :
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| a fairly quick pace. Most are vehicles
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| | Arbitrator: * There are a number of
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| are sold in under 5 mins. If you plan on
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| | different auctions. * You have: a :
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| biddingget near the assistant or
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| | Federal Government Fleet and Seizure
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| auctioneer and signal (head nod, hand
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| | Auctions: b : GSA (General Services
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| movement) to indicate you want to get in
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| | Administration) Fleet Auctions: c : State
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| onthe bidding. If someone bids against
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| | and Local Government: Police, Sheriff,
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| you, signal again. * Don't jump in on the
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| | City and County Fleet Vehicles: d :
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| first figure the auctioneer throws out.
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| | Public Auctions: e : On-Line Auctions: *
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| He knows what the seller is asking for
| |
| | Lamar Deane is an independent auto dealer
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| the vehicleso he'll start asking for bids
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| | knowledgeable in car sales and auto
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| above that. If he can catch someone off
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| | auctions.
|
