Automotive Deals for the Taking!
Posted Monday, Apr 20, 2009 by
If you’re looking for a good deal on an automobile, it might not be a bad idea to cut out the middleman and go straight to a wholesale auto auction. A lot of dealers get their cars from wholesale auctions. Used cars are typically marked up by as much as 200% in many cases.
Bidding at a wholesale auction doesn’t always mean you’ll find the deal you’re looking for, but the odds are you’ll find something you can live with if you carry enough cash on hand. The key is to determine beforehand what your spend limit will be. Otherwise, you might get into a bidding war if it’s a car you and someone both want.
Some people even paint a vehicle they’ve won at the wholesale auction. That might seem a bit over-the-top, but you can never tell who previously owned the vehicle and if could be identified while in your possession. Remember, vehicles aren’t always repossessed under the best of circumstances.
Some auctions are organized by the government, auction-lots, and some by the state police. Whichever type you attend, you should take some time to acquaint yourself with the rules. You should also be aware these vehicles are sold-as-is. They don’t come with warranties. A smart thing to do is to make sure you have enough time to inspect the vehicle/s you’re interested in making an offer on.
You won’t be allowed to test drive the vehicle, but it’s usually the case that vehicles that are well-maintained are the ones that will be in demand. Don’t just set your sights on one car. Make a list of five or six that you wouldn’t mind walking away with.
An auction isn’t a bad way to find good used car or truck. All you need to do is a little home work before you plan to attend.
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