It's easy to buy cheap used cars at government auctions and police auctions. In this article I will give you some of the best tips for beginners when it comes to using Government auctions to get vehicles at a real bargain. Then you will know exactly how to use these auctions for your purchase.
It's hard to realize that cars sold at Government auctions and police auctions are sold as is. A great deal may not be such a great deal if the vehicle is damaged. You can avoid this by learning how to recognize problems by careful inspection.
Unlike going to a used car lot, you cannot test drive the vehicles at Government auctions. Therefore it is important to learn how to visually appraise a car, or bring an expert along with you.
If you don't already know the value of the car, you should avoid debating on it. you can find the value of any used car in the Kelley Blue Book, or by having it appraised.
Next, inspect the contract before you enter into it. Some contracts have a specific number of days you have to wait before you can get the title. Keep this in mind if you're thinking about turning around and selling the car right away. Sometimes it is the waiting period that negates the great deal you're getting on price.
Keep in mind that these are auctions. You must bid wisely and strategically. It is very easy to get caught up in the heat of the moment and pay more for the vehicle than it is worth.
Remember also that there are likely to be dealers at the auction bidding as well. They will have a good idea of the value of the cars being sold.
One of the best things you can do is to look at some of the online auctions. While there are many membership sites offering access to Government and Police auctions, you should use caution as some of them will simply take your membership fee and not provide complete or timely auction information.
It's hard to realize that cars sold at Government auctions and police auctions are sold as is. A great deal may not be such a great deal if the vehicle is damaged. You can avoid this by learning how to recognize problems by careful inspection.
Unlike going to a used car lot, you cannot test drive the vehicles at Government auctions. Therefore it is important to learn how to visually appraise a car, or bring an expert along with you.
If you don't already know the value of the car, you should avoid debating on it. you can find the value of any used car in the Kelley Blue Book, or by having it appraised.
Next, inspect the contract before you enter into it. Some contracts have a specific number of days you have to wait before you can get the title. Keep this in mind if you're thinking about turning around and selling the car right away. Sometimes it is the waiting period that negates the great deal you're getting on price.
Keep in mind that these are auctions. You must bid wisely and strategically. It is very easy to get caught up in the heat of the moment and pay more for the vehicle than it is worth.
Remember also that there are likely to be dealers at the auction bidding as well. They will have a good idea of the value of the cars being sold.
One of the best things you can do is to look at some of the online auctions. While there are many membership sites offering access to Government and Police auctions, you should use caution as some of them will simply take your membership fee and not provide complete or timely auction information.
About the Author:
Government Auction Site Reviews will show you where to get the best deals on used cars and trucks at Police Auctions.
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