Government Auto Auctions - Are There Legitimate Online Auction Sites Out There?
"Subscibe To and Bid on Online Government Auto Auctions only after you learn the ropes"
Maybe you've been there before yourself, but I got scammed by a car auction site when I paid $49.95 for a 1 year subscription that had very little to offer. The up front promotion was great but there were very few vehicles that met my search criteria after they had my money.
Since then, I have tried out nearly every government, police and repossessed car auction site I have found online. In many cases, the sites were not worth the money. Many were looking for a quick sale and offered very little inventory to stand behind their claims. They are basically scams. Most of the sites that I tried were good enough to refund my money when I asked for it, but I had to fight with others and never received a refund from 2 of the sites I visited. However...
The good news is that legitimate car auction sites are out there. You can find huge bargains, but it will take some work on your part. Here's how to begin your search intelligently.
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. - 21392
Maybe you've been there before yourself, but I got scammed by a car auction site when I paid $49.95 for a 1 year subscription that had very little to offer. The up front promotion was great but there were very few vehicles that met my search criteria after they had my money.
Since then, I have tried out nearly every government, police and repossessed car auction site I have found online. In many cases, the sites were not worth the money. Many were looking for a quick sale and offered very little inventory to stand behind their claims. They are basically scams. Most of the sites that I tried were good enough to refund my money when I asked for it, but I had to fight with others and never received a refund from 2 of the sites I visited. However...
The good news is that legitimate car auction sites are out there. You can find huge bargains, but it will take some work on your part. Here's how to begin your search intelligently.
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. - 21392
About the Author:
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.
posted by X - Men @ 6:58 AM
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