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Sunday, November 1, 2009

Repossessed Cars, Trucks and Boats - Auto Auction Buying Tips

By Gabe Killian

In today's world, instead of buying a car at retail price, many people are buying repossessed cars, trucks, SUVs, boats and other vehicles from police and auto auctions. This method of buying repossessed vehicles can save you a lot of money, up to 95% off of list price, even! On the flip side, these repossessed cars, trucks, SUVs or whatever have no warranties, so if you buy a lemon, it could be extremely costly. So when buying repossessed vehicles, you want to take certain precautions to ensure that what you buy will be a wise investment. Follow these steps next time you decide to buy a repossessed vehicle from an auto auction.

* Consider identifying the easiest problems first. Check the tires, look at the body, check for rust, look at the battery, alternator and the belts, check out the interior. Look at all the various things that may cause you future problems. This may sound rudimentary, but this is extremely important.

* Bring someone experienced. Having an experienced mechanic by your side can be a valuable asset. Especially if you don't know much about cars, trucks, boats or other vehicles. Even if you do, they can provide a second opinion and point something's out you might have missed.

* What's the vehicles reputation? Is the make and model you are looking at have a reputation for breaking down? All over the internet are car reviews that people are more than willing to share their experiences with you. It won't take long before you find out if your car is lemon-prone or not. Again, this could save you thousands of dollars with the auto mechanic!

* Find out why the vehicle you are interested in is at a repossessed police auto auction. Ask questions, look up its history, find out why its repossessed. By asking these questions you can get clues as to what, if anything, may be wrong with the auto.

* Find out who is bidding on what, and who's not! Use your gut instinct, if you see people are purposefully staying away from a particular repossessed vehicle, then you probably should as well. If you get a bad feeling about any vehicle you are considering, then that should be enough to stay far away from bidding on it. This can keep you from buying a possible lemon.

By following these simple steps, you are far more likely to get a great vehicle in great condition, and can save you thousands in repair costs and upkeep. Buying repossessed cars, trucks, SUVs, boats and other vehicles for sale is a great way to save tons of money when purchasing a new vehicle. It keeps you from paying retail prices and in most cases, these vehicles are in great shape. Be on your best wits, consider all the options, keep an open mind, listen to others and you could be driving home in the repossessed car of your dreams! - 21392

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