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You may or may not have had the chance to attend a car auction before. Either way, they are a place to get an excellent deal on a great car. However, there are many myths associated with car auctions that could possibly hamper your next car auction buying experience. I will clear of a few of them below.

Myth: You need a dealer’s license to attend a car auction.

Truth: Many auctions of the past required you to have a dealer’s license, but this is not the case any more. There are plenty of public, police and government car auctions you can attend without a dealer’s license.

Myth: There are only lemons and junker cars found at car auctions.

Truth: While you might find you occasional lemon, most cars at an auction are in good running condition. You should remember to bring a mechanic with you to check under the hood to be on the safe side though.

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Myth: You don’t have to pay for the car you bid on if you change your mind or don’t have enough money to pay for it.

Truth: Although it is very easy to bid on cars at an auction, don’t take it lightly because your bid is considered a legally binding contract. So, if you are the winning bidder, you are expected to pay for what you bid on, sometimes in full.

Myth: You have to be a car dealer to know where to find a car auction in your city.

Truth: Car auctions take place all around the country and their location is not kept secret. You can find car auctions at towing yards, in your local newspaper or by asking you police department when there next auction will be taking place. But the easiest way to find all of the car auction sites near your home is to buy a list that will tell you about all of the auctions in your city.

In conclusion, car auctions are not as mysterious and confusing as some may make them seem. They are easy to find, you don’t have to be a dealer to attend one and they contain great running cars!

 

Did you know that car auctions lists can be a great investment if you’re planning on saving money on your next car? Visit MyCarAuctionReview.com for info on the most popular car auction lists around.

Owning a car is falls into two general categories; People who love their cars and people who view them simply as a form of transportation from point A to point B. But there is one thing both groups will agree on and that is making sure to get as good a deal as possible on their next new car purchase. And for anyone wanting to save money on their next car purchase then a seized vehicle auction may be just what you are looking for.

So just what is a seized vehicle auction and why can you find such bargains at one?

Most of us are aware of what happens when someone fails to pay their car loan; their car gets repossessed by the bank which in turn auctions it off to recoup some of the money that is written off in the defaulted loan.

There is another side to the seized car auction and those are vehicles that have been seized through local, state, and federal law agencies. When a vehicle is seized because of criminal activity “search and seizure” laws allow these agencies to sale them at auction to the highest bidder. You can find nearly new vehicles (cars, truck, suvs, boats, motorcycles) in excellent shape because many people who are involved in criminal activities drive some rather nice cars.

Now here’s the important part. Just why are these seized vehicles auctioned off at such low prices?

It’s simply a function of supply and not enough storage space. There are literally thousands of cars, truck, suvs, and other items repossessed and seized every month. The cost of storing all these items is simply more then the seizing entities are willing to pay. So instead of paying to store these vehicles they turn them around quickly and sell them at auction, taking whatever the highest bidder is willing to pay.

The best place to find out where a seized property auction is being held near you is on the internet. Web based auction sites can provide you with a comprehensive listing of auctions happening all across the country. They will also allow you to research and review all the vehicles and other properties that are to be auctioned at that location. If you are in the market for a new car then you should give some serious consideration to learning more about how you can save money at a seized vehicle auction near you.

Government car auctions are a great way to save thousands off your next car. But, do you know how to maximize your savings even further when you get there? Go over these 3 tips that will give you the upper hand when while attending your next federal auction.

1. Get there early: Getting to the auction on time is essential when it comes to saving money. Not only will it give you enough time to fully inspect all of the cars that catch your eye, it will also give you the opportunity to spy on the competition. Meaning, that you’ll be able to see what cars are popular and discover just how attached other bidders are to them. So, if you see a car with a lot of interested buyers that keep coming back, just know that a bidding war is soon to occur. And that’s not the car you want to end up overpaying for. On the other hand, if you see a car that hardly anybody is interested in, know that you’re bound to save hundreds and even thousands off it’s Kelly’s Blue Book value.

2. CAR FAX is your friend: Although most car auction cars are in good condition, some have been in accidents, have had major repairs or even been in floods! So, bust out your smart phone and do a quick CAR FAX report on any car that you plan on buying… it can save you thousands in unwanted future repairs.

3. Stick to your budget: Having and sticking to a budget is one of the most important things you can do while attending a car auction. It’s all too easy to fall in love with a car, get sidetracked, end up in a bidding war and end up paying way more than you can actually afford.

So, stick to a budget, do a CAR FAX report and get there early and you’ll be sure to save at the next federal car auction you attend.

Now you know how to save thousands at your next auction. But, do you know how to find one near you? Check out www.govauctionsorg.com for a review of the #1 government car auction listing site on the net. It will not only save you time, but will also hook you up with some of the most exclusive government auctions in the nation. Click here to check it out.

I am 17 and I’m hoping to get a job this summer but to do that I would have to have a car… I can start saving money from babysitting and tutoring now but I was wondering what the lowest amount I could expect to pay for a used car would be. I don’t need anything fancy, just an automatic cause I can’t drive stick, but other than that I’m not picky at all. Also, I don’t mind paying in increments but what’s the minimum amount I should save?

I am 17 and I’m hoping to get a job this summer but to do that I would have to have a car… I can start saving money from babysitting and tutoring now but I was wondering what the lowest amount I could expect to pay for a used car would be. I don’t need anything fancy, just an automatic cause I can’t drive stick, but other than that I’m not picky at all. Also, I don’t mind paying in increments but what’s the minimum amount I should save?

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