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Where are the best auto auctions in Los Angeles where I can find a automobile for around $300?
23rd August 2010
I am not trying to be cheap. That is really all I cant afford until I get back on my feet…
Posted in: Auction FAQ | | Comments (4)
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Sorry to rain on your parade but I need to tell you some things. Right now the economy is not that good and a lot of people are out of work. So a lot of people have ideas of buying old used cars, fixing them up and then selling them for a profit. So auction places are full of novices paying $5,000 for old rusty hulks that aren’t even worth $500. They buy them and try to sell them, but eventually lose big-time. When the economy was great you could buy a really nice used luxury car for almost nothing, a car that someone was just giving away because he didn’t need the money, but not now, instead junk is selling for a fortune! So save up your money and buy a new Toyota Corolla or Hyundai Accent instead. If you cannot afford that, then just buy a bike from Wal-Mart and use that for now, or take the bus.
Comment by honesty_counts — August 23, 2010 @ 6:37 pm
Umm, owning a car costs money, for insurance, gas, brakes, tires, etc. you will be paying alot more than 300 bucks so you might as well pay at least a bit more than that.
Comment by Meech — August 23, 2010 @ 6:37 pm
Auction fees are usually more than this. Meaning to buy a car there the cost would have to be zero or below (basically them paying you to take the car). This means welcome to the wonderful world of public transportation…oh God…LA public transportation is so incredibly broken it’s not even funny. Well…gotta do what you gotta do.
Comment by Theneelster — August 23, 2010 @ 6:37 pm
A $300 car at an auction would mean the seller nets maybe $100. You are going to pay $300 for a $100 car.
You probably wont get anything road worthy for that price.
Now, if you have $700-800, you have a better chance at getting something that might last a few months. Even then, its a risk. Cars that price can have bad transmissions, blown head gaskets & all sort of problems.
Buy a used bike for $25-50 and keep saving.
Comment by n — August 23, 2010 @ 6:37 pm