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The Common Misconception: Auto auctions are only open to car dealers.
The Surprising Truth: Anyone with the right resources can participate in the same auctions as the dealers! Think about it for the help www.auction-entrepreneur-kit.com. How much could you save if you bypassed the dealers and purchased directly from their sources? 30%, 50%, maybe even 75%.
As unbelievable as this sound, it is possible with a little patience and research.
As you probably already know from past experience, car dealers will do ANYTHING to get you into the car of your dreams. Whether you can afford it or not!

I can recall a former coworker who got into a new luxury vehicle with a little “creative financing.” The manager divided his mortgage payment in two. His justification: As a married man his wife was responsible for the other half of the mortgage….even though she was a stay at home mom! Luckily for them, they found a way to pay their huge car payment and avoid repossession.

Unfortunately, others aren’t quite as lucky. Thousands of people default on their loans everyday simply because they couldn’t really afford it in the first place.

This can work to your advantage. The banks and financial institutions that serviced the loans want to recoup their loss as quicly as possible. Add to that the exhorbitant cost of storing these vehicles, and you can easily see why the banks want to dispose of them in a timely manner.

After all, the longer financial institutions have to store these vehicles, the less money they’re going to get back.

Auto auctions are the quickest way for banks to rid themselves of repossessed vehicles.

Car dealers know this, and they go to great lenghts to protect this knowledge from the general public. After all, auto auctions are a huge source of revenue. Dealers can purchase vehicles at a fraction of their value, and then resell them at a huge mark-up.

But what if you could avoid the dealer’s mark-up and instead pay what they pay? What impact would that have on your wallet?

Amazingly enough, auto auctions are not solely restricted to car dealers. Up until a few years ago, I too shared this common misconception.

It was only by sheer luck that I stumbled upon a website that allowed me to search local auctions by zip code and vehicle make that I learned the surprising truth. I was paying dealers thosands of dollars in unnecessary mark-ups.

I tried the website’s search feature out, and to my surprise the cars listed were exactly what I wanted. Only a few years old with very low miles. Many of them were still under the manufacturer’s original warranty! This made sense of course, since most of them were repossessions.

The auction house was even willing to throw in a vehicle history report at no extra cost and a 3 month warranty.

Sure I wouldn’t get the complimentary car washes and oil changes the dealer throws in, but that surely wasn’t worth thousands of dollars in premiums.

After a little hesitation I joined the auto auction membership site for the help www.mining-auction-gold.com. They helped me locate auto auctions in my area, and gain admission to them through their exclusive access rights. I learned what questions to ask, and how to handle the bidding process.

It was a lot simpler then I ever imagined it could be.

The day of the auction, I showed up a few hours early to inspect the vehicle I was interested in and get a feel for the place.

It must have been a slow day, because when my car came up for auction only a few dealers were bidding against me. Since I wasn’t buying the vehicle for resale, I succeeded in outbidding the dealers!

It was a truely empowering experience. I got the vehicle of my dreams, and I only paid a little over half its book value!

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When looking for a great car, and a great deal, finding local car auctions should be your first step.  There are a number of different types of local car auctions. Government vehicle auctions are typically scheduled to auction off property that’s been seized for some reason, often back tax liabilities or bankruptcy issues. They can come from the Internal Revenue Service, U.S. Customs, or the U.S. Marshal Police impound auctions are used by cities to get rid of property that’s been abandoned or seized by the police department for illegal activities like drug dealing. Dealer auto auctions are regularly scheduled auctions where auto dealers can buy or sell inventory automobiles, and most of the finance companies are represented at these auctions as well. The lenders sell their off-lease units and repossessed vehicles at local car auctions.

With local car auctions that regularly take place, the value for these vehicles at auction is lower than any other place. Generally, the prices are lower for those models which are plentiful at auction and higher for those that are rarer. For instance, if there are hundreds of Ford Taurus models running through an auction that are off-lease, they likely will sell at the auction inexpensively.  Likely, you’ll see lots of managers from local Ford stores snapping those up at dealer auto auctions. Cars that have been confiscated and are being sold through government vehicle auctions or police impound auctions are typically unique, and the prices will be higher.

To find the best deal on the type of car you’re looking for, check out the local car auctions in your area. Local car auctions most often are not publicized, so you will have to do a little legwork to find them. The auctioneers know one thing: when there is a large crowd at local car auctions, the price for each vehicle goes down. Hence, advertising auctions is not on their priority list.

Once you find local car auctions, how do you get a great deal? Auction houses frequently post listings of the cars to be auctioned ahead of time, and you’ll want to get your hands on that. Then, check the NADA wholesale value of the cars that you’re interested in, so that you’ll have a good idea of what the cars are worth. If the local car auctions listing gave you VIN numbers of the cars, run those that most interest you through Carfax to determine any accident or odometer issues. This will also give you information on where the car came from, and if it has warranty time left. Go to the auction venue early and look over cars that you are particularly interested in purchasing so that there are no surprises later. Most auction houses allow pre-bid inspections.

Local car auctions start early in the morning, and you should be prepared for conditions in the auction barn. Frequently, it will be very hot or very cold, depending on outside weather, so dress accordingly. Each car, in turn, will be run through the auction lanes and be sold to the highest bidder.  Keep your eyes open and pay attention, similar cars will be running, and you don’t want to buy the wrong one. One final and important thing: no matter how much you like a car, do NOT pay more than NADA wholesale value. The whole point of buying from local car auctions is to get a great deal.

Am I out of luck? So this is the story– My car was under mine and my ex husbands name. I fell behind on my payments because of a lay off. Once my car was repossessed I thought I’d just be able to call in and catch up on my payments and get my car back. I was very wrong. They want me to pay it off with them because my ex husband filed for bankruptcy. So I tried to refinance but didn’t qualify with my credit history. I tried to have a co-signer but the financial institutions said I couldn’t have a co-signer for a refinance unless I had no credit. Ok so went to Plan B. My cousin tried to get the loan for me. Now that’s not working because number one they said his name is not on the vehicle and number two they don’t refinance repossessed vehicles. I feel as if I’ve exhausted every option. Am I out of luck? Should I just give up now? It’s very hard for me because this car was my baby. I put a lot of work into it. Lots of aftermarket parts. I put a lot of money into this car and I feel helpless as far as getting it back.

I want to find government vehicle auctions. Like seized vehicles, repossessed vehicles and other government owned cars? I’ve heard you can get them really cheap and they’re even high quality cars. Like the breaks, motor and everything is checkout out before listing them up for bid.

Where do you find them???!!!?

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