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Used Car Auctions - How You Can Buy Cars at More Than 90% Off

There are literally dozens of used car auctions taking place everywhere at any point of time. Used or seized auto auctions are perfect for car buyers to get a used car without having to fork out tons of money. In most cases, you are actually paying less than 60% of what it is on offer at the car showrooms. There are occasions where you can drive one near new condition vehicle at up to 90% off at these used car auctions.

Even though the auctions may have different terms of reference and operate differently, the way the bidding process goes is more or less than same. The principle of winning a bid in such used vehicle auctions is still based on highest bids.

What can you expect from such used car auctions?

I am not sure if this is your very first time stepping into such auctions but it is always best that you go prepared mentally and with enough cash in your bank. Auction bids can go flashing quickly so you need to bid fast. However, there are other preparations you can do before going for the bidding. At least, that prepares you to be in a better position to decide.

Like what I mentioned, make sure you have enough balance in your bank and be ready to give a bank draft. Make sure you bring along important documents like your driving license and identification card. You also need to first find out about the kind of cars you are targeting. Look at online websites like Parkers, Nada and so on and browse through the categories and price listings so that you have an idea of how much these cars really are worth. If you can, print a copy of the pricings and arm yourself with this as you enter to view the cars before bidding commences.

When you are there, inspect each car you are interested in. Have a list of choices on your mind so that you can move on to the next available one since your first choice be taken up by a competitor. Bring a car mechanic along if you can as he or she can help you to assess if the car of your choice has been seriously damaged before.

Used car auctions can fall under different categories namely police auto auctions, seized vehicle auctions, or government auto auctions. Seized vehicle auctions organized by government or banks are good places to go to find great bargains. This is because many agencies and banks are not willing to spend too much money maintaining their vehicles which is why they are more than willing to sell them off at deep discounts. Those are places where you can get a car for as low as $200.

How do you find used auto auctions?

You can check the yellow pages or classified ads in your local newspapers or find out via online portals. It is a lot easier and faster to find seized or used car auctions quickly from online websites nowadays. The information is readily available and you can even see the prices.

Prior to buying cars from used vehicle auctions, you may want to make a trip down to one of those seized auto auctions and have a first hand experience of what goes on there. At least, the next time you go, you will know what to expect and how to respond. But if you are keen on buying on your first try, check out my car blog and find out where is the nearest used car auctions in your neighborhood.