Imagine Finding One Of These In Your Garage..

With a little big of elbow grease we could have her on the road in no time...what say you?

6 Tips To Help You Get The Best Deal At A Salvage Vehicle Auction

Tip #1 Get To The Party Early

The earlier you get to the auction the better. This will give you time to see what all is available. It will also give you time to see what your competition is doing. If you can, talk to them and see what their bidding style is. You can learn a lot from your competition.

Tip #2 Check Out Each Car Thoroughly

As you know, the cars at this auction will more than likely be a total wreak. Even still, you should take the time to inspect the cars thoroughly. While a car may be a total wreak according to the insurance company, often times you will find parts that are still in great condition.

Tip #3 Always Verify

Keep in mind everyone at the salvage vehicle auction is in it for themselves. The auction house is trying to make money just like you are trying to save money. Never take the auctioneers word at face value. Always take the time to verify what they are saying. The auctioneer has one job and one job only. To portray the vehicle in the best light possible so they can get the best price possible.

Tip #4 Leave Your Emotions In The Car

When you go into these auctions chances are you won't be the only one looking at a particular vehicle. Many times you will end up in a bidding war. Before you bid on any item you need to know two things. The value range and your bidding ceiling. You should know how much you are willing to spend before you even get to the auction. When you get in a bidding war things can get very heated as you will want to win. But stay disciplined and refuse to go over your budget. Otherwise you may win the bid, but you will indeed have buyers remorse. 

Cut Out the Middlemen and Get Huge Savings at a Wholesale Car Auction

Buying Direct at a Wholesale Car Auction

You must aim to get big discounts if you are planning to purchase two or more cars, but you can get much bigger discounts by cutting out the middleman and going straight to the source; one of them being a wholesale car auction. Another method is to buy direct from the owners. But this is a bit difficult since you need to have a fairly good list of owners and companies that are selling their vehicles. 

The better option between the two is to visit wholesale auction houses where you can find cars on public sale with incredibly low minimum bid prices. Some of them are valued a lot cheaper than what the middlemen and second-hand car dealers are selling them for. In fact, you shall be bidding with many used car dealers. This alone tells you that you are at the right place and will be getting a good bargain if you win the bidding.

The Challenge of Bidding for Cars at Wholesale Auctions

However, buying auctioned cars is not as easy as you think. This is quite different from buying vehicles at dealers’ showrooms where you can get the cars of your choice. In this case, you may not always get the lot of cars that you want since acquisition of auctioned units will go through a bidding process where there are other bidders competing with you. 

How Does A Live Government Auction Work?

In practice, a ‘traditional’ live government auction is not complicated at all. Once you become a member at usedonlinecars.com, we’ll provide you with all the necessary information to find your local repossessed automobile auction. Then it’s simply a case of turning up in the morning to inspect the cars on offer, picking out a bargain, and then placing the winning bid at the auction for that car later in the day. Now given that these auctions really are publicized very little and also that the database at usedonlinecars.com is so comprehensive that it offers a multitude of different monthly auctions in each region, it’s not uncommon that there are almost no other bidders at the auction, meaning these cars go for a fraction of their real value. Many of the lots on offer begin at prices as low as $100 and in cases, they never go any higher. Most auction houses also offer an ‘inspection day’ a few days prior to the event to allow potential buyers to preview the items on sale and make a selection. This can be a really helpful process as it allows you to work out just how much you’d be willing to spend on an individual lot at auction. In addition, the comprehensive step-by-step guides offered by the team at usedonlinecars.com (which become immediately available upon signing on with the site) will give you expert advice on making the right selection at auction.

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Save Hundreds of Dollars Buying Government Auction Cars

The United States General Services Administration (GSA) offers government auction cars to the public nearly every month of the year. They make it incredibly easy and very economical to buy US government pre-owned cars and trucks. Additionally, they auction off just about every type of vehicle including buses, boats and even planes. Every year, thousands of individuals come together at an auction to purchase these government auction cars.

Once the leases have ended on fleet vehicles that are managed by the GSA, they are turned over to the auctioneers for sale. Many of these cars have been well-maintained, are still detailed and clean, and will be ready to simply drive away. Many of the cars and trucks offered for auction are less than three years old. Their duties have been to provide ordinary transportation by a variety of government agencies. These types of vehicles are not repossessed, nor have they been used in any specialized military operations.

Generally, these vehicles have low mileage, are offered in popular colors and styles, and are easy to maintain. Most of them have CD players, power windows, air-conditioning, power brakes and power steering. However, every bidder should know that the vehicles sold at auction will be in “as in” condition with only a minimal amount of inspection allowed before the bidding begins.

When visiting the GSA website, any potential bidder can see a complete list of every car or truck that will be put up for auction. In addition, they will see exactly what time the auction will begin. All government auction cars that will be available will have a complete description and a comprehensive list of exactly how to buy or bid will also be detailed.

Government Repo Cars

Government Repo Cars Can Save You Money

Government repo cars are cars which have been repossessed from their owners. Nowadays when things are so economically hard everyone is looking for a way to save money. Purchasing a car at a government car auction has become a very profitable thing to do. You can even find discounts of up to 95% off which makes people become really interested in bidding for these cars. The best thing is that you can get a car which is qualitative and which will serve you for many years to come. A lot of them don’t even have much mileage on them so you can be sure that your newly purchased car won’t break down on you in the near future.

Another great thing about purchasing a government repo car is that you can get a luxury car, SUV or even a 4x4 for pennies on the dollar. More and more people are discovering that this is the way to get the car they have longed for. The prices are really low, there is a diversity of car models to choose from and all in all you are getting a car from a safe buying environment. You can be sure that your new car won’t let you down and you won’t have to worry that the car comes with a whole lot of problems because these are vehicles which are practically new. 

Just think that you won’t be one among the group of people who can’t afford to pay their car loan. Your car will be completely paid for and you can enjoy driving it mile for mile. Cars sold as government repo cars are always in good condition. Bidders are allowed to inspect all the vehicles their interested in before making their final choice and VIN checks are offered for free by most auctions just for extra safety. The most important thing to remember is that you should check out as many government auctions as possible because those which have few bidders may mean that you can possibly get the car deal of a lifetime.

Foreclosed RVS for Sale : How to Get a Good Bargain

Photo : Mr T

Foreclosed RVS for Sale : Find Out How You Can Get Your Dream Car
 
Buying foreclosed RVs for sale can be relatively exhilarating. Just the thought of having a mobile home for the whole family, which you can use during vacation time, during outdoor camping trips, and even for business travels, is already exciting enough. But the excitement becomes even better if you are able to acquire one through a great deal.

Getting Your Dream RV

While buying brand new recreational vehicles is the perfect scenario, brand new RVs are normally expensive and the high cost can sometimes be way beyond your budget. But that should not stop you from realizing your dreams. You can still get one at a bargain price that is affordable to you through auctions of foreclosed assets.

The auction is one of the best places for you to find RVs at rock bottom prices. Many of the vehicles were foreclosed by banks and financing institutions from clients who were unable to pay their monthly financial obligations.

Since these foreclosed vehicles are causing firms bigger monthly expenses on storage space, aside from depreciation that is quickly lowering the value of the asset, most firms are forced to offer them for auction at amazingly low starting bid prices just to dispose of them as soon as possible and recover their investments.

This gives you the chance to finally acquire your dream RV at a price that is within your budget range. To get the best deal, there are a couple of things that you need to keep in mind.

The following tips can help you choose the ideal recreational vehicle that does not only match your needs, but lets you find an awesome bargain as well. 

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3 Top Reasons To Buy A Used Car Online

 Online Car Auctions: The Perfect Place To Buy A Used Car

 

Every year, the internet is responsible for more and more commerce both locally and worldwide.  However, many people still do not consider the internet to be a viable marketplace to find and purchase a used car.  In reality, online car auctions are continually proving themselves as a viable, if not superior option, to dealerships and private sellers via the classifieds.  Here is a quick look at some of the most common reasons why more and more people are starting to consider buying used cars at online car auctions.

1. The Best Prices

Online auto auctions consistently prove that they can provide the best prices when searching for used cars to buy.  This is because more and more people are selling their used cars online.  With such a big supply and comparatively small demand, the prices are going to be much lower than anywhere else.  You can go to an online auction and buy a car from anywhere in the country and have it shipped to you.  If you want to see the car before you buy it, you can limit your scope to local holding facilities where you can check it out before you place a bid. 

2. No Middleman

It is no secret that most dealerships make the majority of their money off of their used cars.  This is because they give out very little for trade-ins yet charge so much when the car is sold.  When using an online auction website, they make a % of the total sale.  While they will promote every vehicle as much as possible to potentially increase the price, they also do not have money invested in it personally. 

For example, if an owner sells a car for $500 then the website may get $50.  This $50 is pure profit because the online auction website did not invest any money of their own.  Whereas, if someone trades in a car for $500 to a dealership, the dealership would try to sell it for $5000.  This is because they have a large number of additional costs to cover including: storage, cleaning, commissions to salesman, standard overhead costs and still need to bring in enough money to turn a profit.  In short – Online auction websites make a % on every sale regardless of how big or how small.  Dealerships must make a large profit, over the trade in price, in order to cover all of their expenses and still turn a profit.

Do’s and Don’ts of Buying Salvage Car Auctions Online

Salvage Car Auctions Online: What You Should Know

If you are contemplating buying your dream car at salvage car auctions online then it is important to bear in mind a couple of things that you have to observe before placing your bid on the vehicle of your choice in order to get an awesome deal. Buying salvage vehicles is not like buying consumer items and gadgets at Amazon where everything is done online. 

In this case, it is a totally different scenario. Not everything is done online. There are things that you have to do that require you to go out of your house, while there are things that you need to avoid as well. To make your purchase truly worthwhile, take note of the following dos and dont's of buying at auction houses.

Dos of Buying Cars at Online Auctions

Go Out and Inspect the Unit

You still need to do an ocular inspection of the car in order to find out the actual physical condition of the unit. If you forgo the inspection process and immediately place a bid without bothering to check the item, then don’t expect to get an amazing deal in your purchase.

The details on the physical condition of each car are not usually published since bidders are expected to do the inspection on their own. There is no way of telling the existing damages and the required repairs that need to be done first before the unit is can be used.

Although there are many vehicles that are in perfect shape and in good running condition, there are higher chances of you bidding on a repossessed car with defects that can pose risk when driving it on the highway. The brakes could be slightly broken or there might be a leak in the gas pipe. These are issues that require immediate repair before driving the car and hitting the road.

The inspection process is just one of the important things to do. There are other things as well, and they are listed below:

• Set a bid range for the cars that you like based on the current market value of the unit. You must also factor in the physical defects and the damages that require immediate repair.
• Check the registration papers. Make sure that the details are exact match with the actual unit, particularly the chassis or the body number and the engine number.
• Get the requirements for placing a bid.
• Make sure that the money is ready. Immediate payment may be required once you win the bid. 

Government Repossessed Car Auctions Pre-Bidding Tips

Government Repossessed Car Auctions

Almost every day new cars will arrive at the auction houses of government repossessed car auctions. The huge number of vehicles for you to choose from can be relatively overwhelming. Some warehouses are almost as big as a football field; so, you can just imagine the quite extensive options that you have. 

If you are planning to buy one of the government seized cars that are up for grabs at amazingly low minimum bid prices, then you need to visit the auction house first a few days prior to the scheduled bidding date in order to have ample time to shop around for the best vehicle that matches your needs and your budget.

Unless you are in a hurry, it is advisable not to place a bid on your first visit to the warehouse. It is best to familiarize yourself first. Get to know the bidding process, the requirements needed, the steps in placing a bid, and the people around. You can also get valuable tips from veteran auction buyers that frequently hang out in these places. Some of them are used auto dealers hunting for great bargains.

Nonetheless, it is important to know some buying tips so that come bidding time you are less stressful and a bit more confident to win the car of your dreams.

Car Buying Tips at Government Repossessed Auto Auctions

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GSA Auto Auction Guide – The Step by Step Process

GSA Auto Auction Guide - How It Can Help You

Buying cars at the GSA auto auction can be a rewarding experience if you are  successful in your purchase. Success can be easily attained if you go the extra mile to find out exactly how the government liquidation vehicles are auctioned off at the Government Services Administration auction sites.

Knowing the procedures can greatly help you in getting your dream car at an outstanding price. On the contrary, lack of knowledge will only increase your chances of a bad transaction.

Keep in mind that not all transactions that take place at GSA auction sites end up in amazing deals. While there are many success stories on how buyers were able to get their desired vehicles at rock bottom prices, there are also traders that were not happy with their experiences of buying government auction cars. You can avoid the bad experiences by just knowing the process along with a couple of tips shared by some veteran successful traders.

Photo Credit : Kevin Krejci

Step-by-Step Procedures of Buying GSA Auction Vehicles

Register First

Before anything else, you must first register to participate in the trading. The good news is registration is free and it is available to all qualified individuals. Once registered, you should have a bidder number, which is a pre-requisite for joining the sale.

Check the Auction Catalog

The auction house will normally distribute a catalog that contains the listing of all vehicles that are up for trading. The vehicles are listed according to the order it will be offered on sale. Hence, you can properly manage your time if you know the scheduled bidding time of the vehicles that you are planning to bid on.

The catalog also serves as your guide to the different vehicles that are up for grabs. It contains important details of each unit such as the make of the car, the model, the year model, the mileage, the VIN, the color, and other basic features. This information can also be accessed online at designated online auctions websites.