Car Auctions

The Definition Of An Car Auction According to the dictionary, here is the definition of an Auction: auc·tion (ôk-shen), noun. "A public sale in which property or items of merchandise are sold to the highest bidder."Sounds simple enough, but this one word causes more excitement, confusion, hardship, happiness, disappointment, misconceptions, lying, and cheating than the word "love". When you take out an ad in the paper to sell your car, that's sort of an auction too, because you eventually sell it to the highest bidder.

What 2 things must you do when you buy a car at an auction? 1) Run a CARFAX Vehicle History Report on the vehicle's VIN# BEFORE you buy it. 2) Buy a Used Car Extended Warranty.

***We've reviews on car companies like Choose Cars and buyers sometimes paying as little as $100 to $500 for Seized Cars, Trucks and SUV's. Buy direct from the sources and save considerably! Bids on new and used repossessed vehicles.***

At auctions, it's every man for himself:

Although laws in this country may have been intended to protect the consumer, they really do not protect consumers like you and me, they protect the guy who rips off the consumer. Powerful 2 word phrases like "As Is", make an excellent defense lawyer for some sellers. At some auctions, you can pay a fee to guarantee the engine, frame, and body for 30 days. But the phrase "Buyer Beware" is most important at auctions, because you don't have time to take the car to a mechanic, the cars are usually sold "As Is" with no warranty, and the deal is final unless the title turns out to be fraudulent. Sellers are free to make all sorts of verbal promises, without putting it in writing. Without a written contract, it's your word against theirs, and they always win. So especially at auctions, assume the worst case. If you get bad vibes about something, go with your instinct. Don't be stupid and think that the pillars of justice will undo any scams that are unleashed upon you, that's a pipe dream. You need to be proactive, not reactive, and take all necessary steps to up front to protect yourself, so that you won't end up in the position where you'll need legal help. Lawyers won't talk to you, a used car is not worth their trouble. The state attorney could care less about you. Please don't let this happen to you.

Also if you ever wondered how to get hold of cheap cars for sale please.

Repo Cars for 90% Off ! Seized Cars for $200 ! Cheap Surplus Cars ! Are these claims true? Government Car Auctions. Repossessed cars and trucks. Surplus vehicles. Sounds like a terrific way to get a bargain car. How does it work? Are these real deals? Is there a catch? Government Car Auctions - In a nutshell In short, various federal, state, and local government and law enforcement agencies regularly seize the possessions, including autos, of bad people and auction them off. Or they buy new service vehicles and auction off the old ones. These are collectively known as "government auctions." Banks and lending institutions also repossess property and automobiles from non-paying customers, and sell the goods through auctions. These auctions are real. They take place almost every day in various parts of the country. In most cases, anyone can attend and participate. And it is possible to find good deals. Government Car Auctions - How they work Government seized-property or surplus auctions are held all over the country at various locations and on various schedules. Typically an auction is held at a particular location on a regular basis -- usually monthly or quarterly. Local and national newspapers often have listings and details. Usually these are more than just Car Auctions. All kinds of property are included.

Obviously, these government agencies and lending institutions are hoping to get as much money as possible for their goods. But bargains can be had. Otherwise, the auctions wouldn't be as popular as they are and no one would participate. Do your homework You should always do your homework before you start bidding for automobiles at Car Auctions. Know what vehicle you want, know its value (use Edmunds.com), and knows its history (get a CarFax report using the car's VIN number). You should be able to get Vehicle Identification Numbers (VIN) and mileage information from the auction administrators. Further, it's a good idea to have the vehicle(s) inspected by a mechanic, or do it yourself. Many auctions have a preview period of about two days preceding the auction in which you can look over and inspect the vehicles. However, in most cases, you will not be able to drive the vehicle. And there are no warranties or guarantees, which is no different than most other used-car sales. What's the catch? As we've already mentioned, there are always some risks in buying at government or repo Car Auctions. However, you can significantly lower your risks by knowing what you're doing, knowing about the car(s) you want, researching your pricing, and understanding how the process works.

If there's a "catch" to government Car Auctions, it's that there's competition in the bidding. If the car you want is popular and in great condition, you can expect other people, including used-car dealers in many cases, to be just as interested in it as you are. Competition and heavy bidding will drive auction prices up -- sometimes beyond the real value of the vehicle. Don't get caught up in the frenzy and overpay. The best bargains are usually on the older less-than-perfect vehicles. Winning and losing You must be willing to bid and lose in any kind of auction. You must also be willing to bid and win, and be prepared to pay or finance within the required time set by the auction company. You can apply for a pre-approved used-car loan at your bank or credit union. You can also lease your auction car through the services of LeaseCompare. Just give them the information about the car and they'll tell you what it'll cost you to lease it from one of their lease sources.

How do I find government Car Auctions? You have essentially two ways to get started locating auctions for your bargain car search. Keep in mind that Car Auctions of all types and sizes are held all over the country virtually every day. Be aware that any information you find may be subject to error or change. Try to verify your auction information before you visit. The first way to find government or repo auctions is to do all the legwork yourself. Contact your local federal, state, and local government agencies to determine if they have auctions, where they are, and on what schedule. Contact banks and financial institutions for their auctions, if they have them. Contact auction companies who handle auctions for banks and other clients. Some government auctions are regularly announced in national newspapers (such as USA Today) or local newspapers as part of the legal requirements for conducting the auction. These ads usually regularly appear on a particular day of the week or month. Many government auctions and sales, both federal and state, are listed on the FirstGov.gov web site, run by the U.S. government. The second way of finding government Car Auctions is through an online auction directory service that does the legwork for you -- for a fee. Fees charged for these services vary, and average about $40. Be sure to look for a money-back guarantee. An example of such a company providing this type of service is Car Auctions. There are also other companies that offer similar services. These services provide directories of auctions all over the U.S., listing locations, descriptions of goods sold, schedules, and other details.

What to expect Don't expect a full list of specific vehicles, descriptions, and prices for each auction because this information changes daily-- although some services provide more detail than others. Be aware that the claims these services make to get your attention are typically more than a little exaggerated. Read their offers carefully to understand exactly what they provide. Be careful in selecting a service Look for companies that provide a money-back guarantee in case you are not fully satisfied with their service for any reason. If you choose to go this route, examine and compare a number of services before you choose one. They are not all the same, although they tend to list the same auctions. Do not pay extra for "premium" services. This is an extra cost that brings no benefits. Unless your loaded.

About the author: Welcome to my Auction Car Blog. Here you will learn all the Pro's and Con's of - Auction Car's and tips on how to buy the very best of Car's in Auction.