Cheap Car Auctions

Question by burger123@ymail.com: What are the most important things to check at an auto auction?
I want to go to a government seized auto auction to get a car. Since your not allowed to test drive these cars, I definetly will bring along my mechanic to look at the car. What are the most important things for him to check since the car is sold “as is”?

Also, most of these vehicles are newer (2000 or newer) so they’re not very old.
Somebody here said to not buy a car that is clean on the outside because it usually means that it is in bad mechanical condition. Why is that?

Best answer:

Answer by bmwfreak126
Look underneath the car and see if there’s leaks. Test every single button/mechanical/electrical component. Also see if you’re alowed to turn the engine on. If you can, turn it on, and listen for any weird noises. Shift into different gears, or into reverse, see if theres any grinding noise, or maybe if the engine starts to do minor revs uncontrollably (throttle linkage malfunction) good luck

What do you think? Answer below!

Sourcing a reputable and low-cost rental car company anywhere in the world is not an easy task and finding cheap car rental Cyprus is no different. Although there is an abundance of rental cars in Cyprus, the rental prices can be high and/ or the cars can be a little worse for wear if you don’t do your homework. So, the next time you hire a car for your Summer Holiday in Cyprus, just be extra vigilant.  Most rental companies have a good reputation; however, there are a few questionable ones out there.  If you take note of the pointers below, it should save you a headache.

1- Drivers

Because driving in any nation where the streets are tight and old and the drivers a little less law-conscious is dangerous, you need to make sure that everyone that could potentially be driving your car is listed and that they are all insured. So, check that everyone who wants to drive the hire car is named on the agreement and is eligible to drive it under the rental company conditions.

To hire a car in Cyprus, the minimum age is 25 or must have held a clean driving license for at least 3 years.  If any of your drivers are under 25, find out if they can be included as a named driver on a policy in your name.

If you have excessive tickets or accidents, the car rental agency may not rent to you at all, so be prepared to have a back-up plan (for instance, an alternative driver), if you are rejected.   This is also a great idea if you plan to share the driving, if you fancy having a few drinks at night.  The best thing to do, though, is to ensure that you are qualified to rent and drive before you ever leave home.

2 – Fuel

One aspect of cheap car rental Cyprusthat can turn a cheap rental into an expensive one is the fuel charges. Each car rental agency has its own fuel requirements and you need to pay very close attention to these if you don’t want to pay high surcharges. In most instances, you will be given the car with a full tank of petrol and you will be expected to return it full. If you don’t, you will be billed a surcharge for the amount they have to top up and most probably pay a premium on the petrol price. If a car hire company manages to fit a few more liters in the tank, they will charge you for refueling, so no skimping!

If you choose to pay for the fuel you’ve used, keep all of your receipts.  The good news is, the price of fuel is slightly cheaper in Cyprus compared to the likes of the UK.

3 – Vehicle Damage Cover / Collision Damage Waiver

This isn’t actually insurance and it isn’t compulsory, so don’t be pushed into thinking it is. This covers the renter for the cost of repairs in the event that the vehicle is involved in a road accident, but can push the cost of your rental up considerably.

Usually the waiver will only cover up to a certain amount and doesn’t include broken glass, damaged tyres and damage to the oil sump in Cyprus.  But you will need to check the individual policy to determine this. You will usually have an excess which you will need to pay in the case of a claim – for example, if your excess is £300, then you will need to pay the first £300 of any repairs made.

Personal accident insurance is an optional cover which protects the driver in the case of

an accident caused by them resulting in death or permanent disability. Theft waiver will cover the hirer in the event that the vehicle is lost or stolen.  Loss and damage waiver combines Damage and Theft Cover

The happy news is that you can source cheap car rental Cyprus, which will save you a lot of money over taxis or organized tours. But making sure you choose the right rental company before you leave home is the best way to make sure you have a safe and affordable trip.

Turning to online car auctions can give you the opportunity to find the vehicle you want at a relatively low price. Some of these auctions will have vehicles that are being offered through individual sellers and others will have government vehicles which are being auctioned off after they have been replaced with newer models. In either case, you will have the opportunity of finding a vehicle which has an outstanding chance of being the car which you are going to use for a long time into the future. You simply need to know what the rules of online auctions are.

Rule one: do not bid on more than you can afford. Bidding on more than one vehicle at a time can result in multiple purchases. Bids cannot be retracted once placed unless you can prove the bid was a mistake, guilty before proven innocent. Someone else might not want what you want; make sure before you bid you really desire it. Bid on one item at a time.

There are many people out there not completely honest. That said not all cars on an online auto auction are unworthy. Even though each car has a detailed description of it included there may be missing information needed to make a good decision. Things that could lead you to choosing a car that can fall apart and cost you more in the long run. Although not normal practice this can be a concern. More information can result in more informed choice.

One should take in to consideration that an online auction might not be local. Although the vehicle may be a great deal, you will have to add costs to get it. After this it may not be worth the bid. So make sure you read the information and pay close attention to where the car is. When placing your bid figure out what you want to spend and put out the costs of getting there to pick it up.

Finally, pay attention to the state of the car itself. The more miles the car has on it, the less valuable it will be. Government cars are some of the most popular during online car auctions, as they will have had the best maintenance and the lowest miles on them. While you can find other types of used cars without many problems, understand their history and how likely they are to operate well for you. That should give you a better chance of finding a good deal on a used car and could inspire you to make a winning bid. The better the car is that you win, the longer it will last and the more reliable it will be far into the future.

Provided that  you want to observe or start listening to commercials about cars, then you will probably hear most of the commercials talking on some features that the cars might have and that they can use to boast about the cars. Actually, not many of the advertisements can actually point out an ability that is really outstanding. This marketing strategy is just happening because of the huge numbers of new cars on the market today that also need to be sold out to somebody.

While some car makes are considered to be more reliable than others,  the cars  the most popular will generally be the ones that will become sold out the most rapidly during car auction. Therefore, you can imagine the saying that has been proven to be true so many times, that Reliability sells. Moreover, people always look for the reliable cars when they come at  car auctions and thus, they also consider the maintenance costs for the cars they are interested into. Therefore, you might be aware of people crowding to buy a BMW or maybe even a Saab because those makes of cars have high maintainable costs, even though they are extremely reliable.  There are some other types of buyers that will opt for the most luxurious cars and thus, the percentage of the customers is slightly different.

To be capable of purchasing a car offered at an auction, you might need to time your actions perfectly because remember, that if you need to buy certain cars , then you will need all the time in the world possible. Also, since every car on the auction will host different buyers, you need to look over the cars  offered on display and then make  your mind deciding on one specific offer. Therefore, you need to retain yourself to what interests you and only purchase what you need to do.

Different Types of Buyers

For purposes of the discussion, we assume  that you are, to begin with, a novice at dealing with auction. therefore, you need to know what kind of people make up the buyers present at an auction. For then on, you need to keep along your hope that youwill then  ensure that you put your hands on  good deals and that you do not encounter any additional problems. Once you do that, make sure the others are not too impulsive and that they are willing to play the game of the bidding in a fair way. Once you do that, then you will become part of a competition to put your hands on a car and it is in your best interest to fight for it.

Also, there are some people who are present at car auction just to look after reliable cars. The people would only be looking at certain brands of cars and they will want to see that other bidders are interested in buying the same car. Because there are a lot of buyers out there willing to buy cars that are reliable, then you should be aware of this fact and realize that in some cases, you might not want to compete for the others that you wanted to. Therefore, it is a good idea to calculate timing as well as patience when you want to put your hands on a good car.

The hot cars that make up the season might not be available for an unexperienced auctioneer like you are but that doesn’t mean you cannot still get good deals for a car. You just need to be patient and be on the look out for whatever is left in the car auction.

Also, another type of buyers during   car auctions would be the type that holds a special interest into certain  cars and is searching for  cars that he or she could improvise or modify to suit personal needs .for instance, these types of buyers will probably not choose expensive cars to start with, but they will like to modify them in a way that is fitting to them. They might choose from the different SUVs, minivans or trucks that are on sales during car auction and thus, accommodate their budget needs with what they have in mind.

The last category of buyers that are on the lookout for different cars during car auction are the ones targeting luxury cars. They might want to save up some money from buying them directly from the manufacturing company and thus, they are targeting the car auctions which have extremely good offers for them. Also, the cars in the auction come with guarantees and their prices are generally lower than in general. You might also buyers of this types going for cars that are cars with a special value or emotion attached to the owners.

In wake of the financial meltdown and the economic crisis prevailing in almost all parts of the world, people have become extremely cautious while spending their hard earned money. Even for necessities like houses and cars, people now prefer to buy repo car and second hand products instead of new products.

More and more people are becoming more conscious of the fact that they need to become more prudent while making new investments. This has in turn, increased the demand for a plethora of products priced at lower points.

One of the alternatives in automobile buying that has seen a steady increase in client orders is Repo Cars. In simple terms, repo cars or repossessed cars refer to those vehicles that belong to some financing and lending companies. When a private car owner fails to make the payments in the stipulated time period, these financing companies take possession of such cars. Following this, the financing companies put these vehicles on sale for a lower price point. Interested buyers can then buy repo car and make a good return on investment (RoI).

There are however, certain things that have to be kept in consideration while opting for repo cars. 5 important things that one must know while buying repo cars are as follows:

For more information on repo cars, click on this URL:

Click here to read comprehensive review on an online service that contains very useful information on government auction to buy repo car in US, Canada, parts of Europe and Australia.

 

Question: Are Repossessed Car Auctions a new thing ?

Repossessed or Repo Car Auctions have been in existence for some time. It is only since the internet has become popular, that ordinary people are finding out about them.

Question: How did it come about ?

Seized Vehicles are now a fact of life. A company may default on its Fleet lease payments; an individual may be unable to maintain monthly payments; Government Agencies may seize vehicles purchased with proceeds of crime, etc. These Organizations reclaim the vehicles then sell them to help recover the debt.

Question: Do many people know about Repossessed Car Auctions ?

Dealers have known about this lucrative source of cheap vehicles for some time. Some have formed close relationships with those organizations that repossess the vehicles and can enable a quick sale. The general public is slowly becoming aware.

Question: How do you find out about them ?

Sometimes the schedule of events are published in the newspaper, usually under the Public Notices section. Some are promoted to Licensed Dealers only. The internet is also a good source.

Question: Why don’t those that seize the vehicles offer them directly to the public ?

Those that seize vehicles are not car Dealers and do not have the infrastructure in place to handle the sales. Just the cost of storage can be very high. Auction Car Sale outlets have systems in place to handle the volumes.

Question: Do the autos come with a Warranty ?

Usually the vehicles are sold on an “As Inspected” basis. Some outlets do offer warranties or inspections for a fee.

Question: Can I take the Car for a test drive ?

The cars can be inspected prior to the auction and it is best to take someone to do this with you, if you are not qualified. They do not allow test drives but the vehicles can usually be started up.

Question: What costs are involved ?

Usually the final sale price and small registration fee, plus any warranty you may choose.

Question: Do I need to physically be there ?

Not always. A number of Repossessed Car Auction outlets provide a facility where you can bid remotely or advise the maximum you wish to go to.

Question: Why aren’t more people using Auctions to buy an auto ?

The majority of car buyers find it hard to change their buying habits. Provided you do your homework and research well you will get a great deal.

Happy Motoring..!!

More coming soon from the Auto Auctions Guy…

“Precision in every scenario is a one tough to gain.”

Looking forward to drive home a car at a low cost? That’s everyone goal especially for business man who into car trading. So having these tips in bag is not bad move to decide for having a good stand inside the car auction bidding world.

Nowadays, Public auto auctions seem to be increasing its popularity, however, consumers should really think twice, before purchasing a car this way. Buying a car at a public auto auction can be problematic for many reasons and if you don’t know what to look out for, you may end up getting the negative end of the deal.

At some public auto auction, consumers usually don’t get the opportunity to inspect the cars as well as they should and most public auto auctions won’t even consider letting you take a car out for a test drive. This scenario can make it very difficult to make a wise decision when bidding on any of the cars at a public auto auction.

Another point to look at in buying a car at a public auto auction is that it is all too easy to ignore your ego and get involved in a bidding war with some of the other bidders. This is risky because it often means that you can end up paying more for a car than you actually intended to.

Not literally, another point to consider when attending a public auto auction is that the pace at these auctions is usually very high paced. Because of this, you really don’t get the benefit of being able to think out your actions decision. In order to benefit from purchasing a car at a public auto auction, you would really need to know a lot about cars or perhaps even be a skilled auto mechanic.  For beginners in this filed it can be easy to make bad purchasing decisions when buying cars at public auto auctions.

When you buy a car at a public auto auction, you buy the car “as is.” This means that if you later discover something is wrong with the car, even the same day you drive the car home; you will not have any recourse. If the problem is an expensive repair that costs thousands, a great deal can suddenly turn into a huge nightmare.

Unless you’re a veteran to this auction field, public auto auction has its advantages and disadvantages (in appearance to any scenario). So applying minimal some of its disadvantage is for every person to win in this kind of business.