Cheap Car Auctions

Question by Kique: Does anyone know of any car auctions or places where they sell cars in a police impound in Los Angeles?
I’m looking to buy a car for cheap but don’t know where to go.

Best answer:

Answer by Mark
all the cops that sell cars on the side buy all the good ones and leave the junk for the public to buy.

What do you think? Answer below!

seizedcarauctions.online-trusted-sources.com Seized vehicle auctions are the ideal means of getting the car of your dreams at really low prices. Seized vehicle auctions are the type of car sale wherein the cars being sold are those that were repossessed. There would be no need for you to worry about the legalities of this type of trade. It has been a common practice of the government to hold a public auction for all sorts of property that have been repossessed. Among these properties are cars, homes, and even airplanes and yachts that were taken back, impounded, or confiscated mostly due to failure on the part of the owners to pay for them. It costs a lot of money for the government just to store and keep those things maintained. Therefore, they prefer to get rid of those properties as soon as possible to cut back on their costs and they do so through seized vehicle auctions. As there are all sorts of cars and other transport that the government confiscates, it primarily means that there will also be a lot of models or type to choose from. Whether it is sports or luxury cars, pickup trucks, SUVs, boats, motorcycles, or even airplanes, you name it, they most probably have it. seizedcarauctions.online-trusted-sources.com In most of these events, the starting bids are surprisingly low. They can go for as low as ninety percent less than its actual market value so more often than not, your bid will not actually be such of a huge amount. Moreover, a lot of the vehicles being …

Question by ◄ Ն ૭ ►: Are auto auctions a scam or are they a good way to get a vehicle cheap?

Best answer:

Answer by Richie
Like police auctions or seized assets kind of auctions? They can be great, they’re taken from people who are using them and all so however well people take care of their stuff.

But it’s a buyer beware deal, you’re doing it with the knowledge you’re getting a good deal. Some work on it might be required, doesnt make it a scam.

What do you think? Answer below!

Impounded car auctions can be different to automobile purchasers particularly for the individuals, who buy for the first time. Normally, we see individuals visiting regular car dealers to get opinion about the newest designs or even be familiar with somebody who is visiting the second-hand auto seller to purchase a used vehicle. Instead of going to the auto dealers and used car garages, you might not be aware of that impounded car auctions are real deals when it is about purchasing a second-hand automobile or almost new form vehicle at a massive reduction. So, in this article you will find useful tips for buying top quality second hand cars.

Are you aware that in daily basis lots of cars are repossessed by government and banks for various reasons?

As all these cars get impounded by local authorities, there is one problem arises for them to store these cars. This problem is the cost for maintaining these vehicles and also pay for their storage. So, only way they can bring the cost down is by selling these cars as quickly as possible. That is why, you can see a top quality car that is sold less than its original value.

The truth is, it is very possible that cars can be sold for almost any price, even for couple of hundreds of dollars. The impatience of the local authorities and financial institutions to rapidly cashing off the impounded or seized automobiles is a benefit and chance for every one who are looking to buy top quality cars for huge discounted prices.

So, if you are looking to buy a quality second hand car, maybe you should try to find more about where impounded car auctions take place in your area.

Spending the money on purchasing a new car model can put you into debt for years to come. Yet, if you plan on having reliable transportation to get you around town, you will need to own a car which is in good condition and this will cost money. There seems to be no way around this dilemma, as you can either purchase a used car which may not be in the best condition yet is less expensive, or a new or used car which is in perfect shape and costs a lot. You may be able to find a compromise, however, when you look to repossessed cars. These vehicles are often in a great working condition and are sold at very low prices based on the fact that they can be found through car auctions.

When someone is consistently not able to make their car payments, their car will eventually be repossessed by the bank. That car is still normally relatively new and usually in a good working condition. After the bank repossesses it however, they will need to pay to keep it stored. This is not usually feasible and as a result, they will sell the car in an auction. The price they receive for the car is usually not worth the entire loan amount, but it is better for the bank to make some money off of the car than to continue losing money by paying to store the vehicle.

One reason for the low cost of repossessed cars is that the banks for loan institutions are in a hurry to get their loss taken care of. And even if they sell it cheap, the difference will still have to be paid by the person it was repossessed from, the original owner. But they will still try to get as much as they can.

The car itself has been frequently used by the owner and although the wear on the car should be minimal, it will be good to know that the vehicle is in a top working condition. When you stop to consider what the price is that you’ve actually paid on the vehicle, however, you will see that you’re accomplishing huge savings. You are getting a vehicle which is in prime condition and not paying as much for it as you would otherwise be.

This is such a good source for finding used cars; in fact, that many used car dealerships will often visit these auctions to stock their lots. The cars are bought for a low price and then sold for a much higher one, making the vehicle itself turn into a huge profit. You can avoid spending so much money however, when you visit these same auctions and buy your car for the same price which the used car dealership is paying itself!

Which camp do you belong to? The one that says real bargains are out there and waiting to be snapped up? Or are you firmly in the camp that says “you get what you pay for”?

Like most people, experience puts me firmly in the latter, but I’m equally sure that somewhere there are some real quality used car bargains to be had – if you look hard enough and if you have the expertise to spot a gem from a lemon. And there lies the rub. Few of us possess the expertise and knowledge to be able to tell them apart, and how many of us have a qualified mechanic as a best mate?

When it comes to buying quality cheap used cars, unless you know what you are doing you are at risk. So, how do you minimise your exposure to a potentially bad deal? The car associations such as the RAC and AAA offer varying types of vehicle inspection, depending upon the degree of examination you need.

But, as well as visual and mechanical inspections there are other things you need to do to protect yourself. Some are fairly obvious; if buying from a private individual don’t hand over any money before you get the keys and documents to the vehicle. Beware, if people insist you pay a hefty deposit up front in cash. You may never see your money, the car nor the person you dealt with again!

Also ensure that you protect yourself as much as possible by asking all the right questions. Try to ascertain whether the car has been repaired or rebuilt as a result of an accident as that will significantly affect its value. Also, if the car is fairly new make sure you ask whether there is any outstanding finance due on the vehicle.

But, the biggest rule is if something seems too good to be true, it invariably is. If a car is worth £10,000 and someone says they are willing to sell it for £3,000 because they want a quick sale – beware! A quick sale doesn’t necessitate a 70% discount! In the circumstances described it will most probably be a scam, and to be avoided at all costs.

One last tip; before even going to look at a vehicle, make sure you’ve done your homework. Know what sort of price the car you are interested in should be retailing for and make allowances for condition and mileage.

In summary, just be sensible. Steer clear of “too good to be true” bargains because they are. But, make sure you have a clear idea of what the car you are interested in should sell for then negotiate to get a bargain, don’t wait for one to be handed to you on a plate.