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Car Auctions are held somewhere every day.
There could be one in Your backyard.
Municipal car auctions
offer vehicles left
in impound lots: impounded for excess parking tickets, confiscated from criminals, or left
over from the previous year's snow emergencies. These vehicles rarely have a certificate
of title, and are usually abandoned for a good reason. Unless you're looking for a parts
car, or your a good mechanic be real careful.
Municipalities usually trade in their
old police and public utility vehicles, but a few auction them off to the public. Some
people consider retired police cars to be great used-car bargains. Most police departments
retire their vehicles because they are all used up.
Car Auction Houses
are where dealers and
manufacturers dispose of their lease turn-ins, slow-moving inventories, rental cars, and
high-mileage fleet vehicles and trade ins and where the private owned car lots across the
nation buy the majority of the cars you see on their used car lots.
GM uses 49 auctions around the nation to remarket its vehicles
You can still find dealers willing to take their retail customers to wholesale auctions
for a fee, but in the past two years the major auction companies, Manheim, ADT, and Adesa, cracked down and are 100% closed to the public. You
could still conceivably buy from these communicating with your buyer via cell-phone during
the auction process.
Local Auction Houses still abound though. These can be the best deals if your willing to
take the time. You would be amazed how little some late model cars have sold for. The full
price must be paid on the spot (including dealer's fees and commission), and there is no
warranty or promise of condition unless an original manufacturer's warranty still applies.
With a little homework and outside financing this may be the best place in all the world
to buy a good car for a super bargin price.
Be careful, find the right dealer to help you (they are out their folks) Go to the auction
early - record the serial #s of the cars your interested in run them through Car Fax, have
your cash or financing ready and be a real winer of the car wars.
The Federal Government's
General Services Administration (GSA Auctions) holds public online car auctions when
replacing portion of its fleet or for many other reasons.
Cars are typically 4 to
5 years old, with 50,000 to 100,000 miles showing when turning current fleet.
Most are
compact to mid-sized domestic 4-door sedans with 4-cylinder engines, roll-up windows, and
no cruise control, with AC.
They usually don't sell for much. However, they are
supposedly maintained according to the manufacturer's recommendations.
You will also find all types of 4 wheel drives, trucks, military equipment and a whole
lot more than just cars.
GSA Auctions® commitment to provide the safest environment
possible now requires credit card information when you register in the online community.
Credit card validation will assist in the prevention of fraudulent bidding activity and
will ensure that bidders are prepared to accept responsibilities for their bidding
activity.
If you are already a registered user, you will be asked to furnish this information and
review and accept the Terms & Conditions as amended during your first logon to GSA
Auctions® from the time this change was implemented.
In addition, successful bidders can now pay on-line using
PAY.GOV, by
using any major credit card. The option to submit other forms of payment is still
available. On-line check payments will be available in the future.
Credit card authentication and online payments will be processed and managed by the U.S.
Department of Treasury's Financial Management Service.
P.S
I have been told their is an emerging group of people that are licensed to go
to the car auctions that will arrange for a small fee to do all the above for you.
If you know of any please Email Webmaster@1-auto-car-loans.com
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