“What You MUST Know Before Subscribing To And Bidding On Auction Sites”
Have you ever been scammed by a online seized vehicle auction site that promised you more great deals than anyone else? The promotion was great but in the end, after they had your money, there were very few real deals on vehicles that met your needs.
I have tried out many repossessed, police seized and government auction sites that I have found online. In most cases, the sites did not live up to the hype. Most seem to be looking for the quick sale and just don’t have the inventory they promise. To me that is a scam. Most of these sites refunded the money when I asked for it, but some didn’t even live up to that promise.
There are however a few very good, car auction sites online. They provide great deals and will get you your next car for pennies on the dollar. They will however take some effort on your part. Read on to find our how to make sure you get the best deal you can.
When it comes to car auction sites, I have found that you can indeed find what you’re looking for and you can expect to pay as little as 25 cents on the dollar or less for your car if you do the research first, stick to your numbers and above all be patient for the right deal. To do this, it’s best to stick to the 4 top sites that are far superior to the rest. They have more auctions, more cars and more support. They operate with integrity. If you browse these sites consistently, and if you remain patient, your car will become available at the right price within a few weeks, whether it’s a Hummer, Honda or Harley – it’s out there, trust me.
You will never find that great deal at an online auto auction unless you know a deal when you see one. Do the research on a car model you are interested in and know that car like the back of your hand. How does mileage affect value? What are each of the options worth? What about condition? Once you get this information from sources like Kelley Blue Book or Edmunds, stick to the numbers when you start bidding. Don’t bid beyond your target price. Your deal is out there if and only if you are patient. If you need a car today, don’t buy it at an auction unless you do your research first.
When you’ve determined a fair value for the car you want, take that information and see if similar cars have sold for that price at one of the top auction sites. This sanity check will tell you if you have made sound decisions about the price you want to pay. This can often translate into 60% to 70% or more off blue book value. Then, if necessary, adjust and set a goal price for your search and stick to it. Stick to your goals as long as they are reasonable. There is no reason to sway from your research. Don’t overbid and don’t chase auctions.
Learn more about Automotive Auctions by stopping by www.i-consumer.org/auction-ratings where you can also learn about seized vehicle auctionsites and what they can do for you.
Related posts:
- Automotive Auctions – What’s the buzz about?
- The excellent payback Of Online cars Auctions
- Great Auto Deals On Seized Car Auction
- The Value of Car Auctions
- Government and Commercial Auctions – Great Japanese models
