Free Cars

There is no question about why people love to track down wonderful deals and find ways to save lots of money on the things they need and want to buy. And, when it is time to think about purchasing a new vehicle, even saving a percentage or two off the sticker price can save a person a bundle. Yet a public auto auction can save you more than a small percentage and you could find the deal of your life at motor car auctions.

However, if you are thinking about going to a car auto auction for the first time to get a new vehicle for the family, then you do not want to go to the event without the proper knowledge and preparation. Without understanding the process and being properly prepared before going to motor car auctions, you could actually end up getting yourself into a bad deal and spending more money than if you had just shopped at a traditional car dealership.

If you take the advice of people who have experienced buying cars at a public auto auction, then you will reduce your chances of getting a raw deal at the first used car auction you attend. This will help you to avoid pitfalls and give you a better chance of taking home a vehicle that is in good condition at a terrific price.

First of all, people need to understand some of the basic facts relating to public car auction proceedings. Most of these motor car auctions have vehicles that were seized by a government agency, such as the police, DEA or IRS, or that have been repossessed by a bank or financial institution. All of these used vehicles are sold 100% “as is” and they do not carry any kind of warranty or guarantee. Therefore, any problems with the car simply have to be dealt with by the winning bidder, who will have no recourse with the seller.

Also, if you get the winning bid, you cannot return the car as all sales are absolutely final. Some people have tried to get a reimbursement for a vehicle that turns out to be a “lemon,” yet this is extremely difficult to do because the car auction houses expect that bidders know exactly what they are getting themselves into before placing a bid.

Anyone who bids at public auto auctions also needs to keep in mind that you don’t only pay the amount of the winning bid. On top of the bid price, the winner must also pay a buyer’s premium that will equal anywhere from five to ten percent of the amount of the bid. This additional money pays for the services of the auction house and auctioneer. In most states, you will also need to pay for a license, registration and transfer fee.

If you are considering making a vehicle purchase at a public auto auction, then it is best if you take someone along with you who has a good understanding of motor vehicles and has the experience to quickly assess the condition of the vehicle you want to bid on. Used car auctions have a brief period of time for inspecting the vehicles that all bidders should take advantage of. With the proper understanding of the process and taking time to inspect the vehicle, you have a good chance of picking up a real bargain at a car auto auction.

Purchasing an automobile is constantly a large responsibility. However actually making that choice on where your going to purchase your new automobile is a big decision to make that you have to think through carefully. You have numerous options to choose from on where you can purchase your next car. You might purchase it either from a automobile lot or perhaps even off of the online auction site Ebay however you ever thought about local auto auctions as a location to obtain your next used automobile? Auto auctions are becoming quite popular. However there are some factors that you should certainly take into consideration prior to completing such a significant purchase from an auction. Are you getting the best deal for your money? You have to ask yourself what happens if anything goes wrong? These are questions that you have to think about when it comes to your new purchase. The rest of this article we will focus on what care auctions actually are and in what ways they can either be a benefit or a disadvantage in your quest for a new care.

Are auto auctions open to the public?

Most auto auctions are open to the public. This is especially true of vehicles that are being auctioned off on online websites. You may be required to register with the auction house before you begin bidding though. They will verify your identity and verify that you have a way to pay for the automobile after you have won the auction. There are some auctions, though, that are closed to the public. These auctions are only open to car dealers. The best way to find out if an auction is open to the public is to call the auction house and ask.

What forms of payment are accepted at auto auctions?

Each auction company has different rules about forms of payment. Some will accept a local check while others out of the area may not. Cash is always a good idea to have when you go to one of these auto auctions. If you buy your car from an online auto auction you may be able to pay with PayPal and then bring the rest in cash or a certified check when you go to pick up the vehicle. If you are unsure of what form of money to bring you can always call the auction company to see what forms of payment they accept.

Where do car auctions actually get their automobiles??

Auto auctions obtain their automobiles from various different sources. The cars may be from repossessions foreclosed by the lender or the bank. Some cars come from private owners who want to sell their car in an auction environment rather than through the newspaper. Ebay is an online auction site that has become very popular with quite a number of dealership who sell their inventory through that website.

Is the seller obliged to state any defects on the car?

There is a huge difference between what a seller should do and what they actually do. This is where ethics comes into play. If the seller knows that the engine is knocking or that the car has been wrecked they should disclose this knowledge to the public before bidding commences. Many states require that if a seller knows about a particular problem and does not disclose it, they can be held liable if the car breaks down after purchase. Basically it is the seller committing fraud against the buyer and fraud in all states is illegal.

For great education on auctions go to Online Auction Sites also Government Surplus Auctions and at Auction Fraud

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