Government Auto Auctions – Are Legitimate Online Auction Sites Out There?
“Subscibe To and Bid on Online Government Auto Auctions only after you learn the ropes”
I got scammed by a government auto auction site that promised the world and delivered much less. The cost of the membership at $49.95 for one year was not a big deal, but in the end there were very few vehicles that met my criteria.
Since then, I have tried out nearly every government, police and repossessed car auction site I have found online. In many cases, the sites were not worth the money. Many were looking for a quick sale and offered very little inventory to stand behind their claims. They are basically scams. Most of the sites that I tried were good enough to refund my money when I asked for it, but I had to fight with others and never received a refund from 2 of the sites I visited. However…
The good news is that legitimate car auction sites are out there. You can find huge bargains, but it will take some work on your part. Here’s how to begin your search intelligently.
When it comes to car auction sites, I have found that you can indeed find what you’re looking for and you can expect to pay as little as 25 cents on the dollar or less for your car if you do the research first, stick to your numbers and above all be patient for the right deal. To do this, it’s best to stick to the 4 top sites that are far superior to the rest. They have more auctions, more cars and more support. They operate with integrity. If you browse these sites consistently, and if you remain patient, your car will become available at the right price within a few weeks, whether it’s a Hummer, Honda or Harley – it’s out there, trust me.
You will never find that great deal at an online auto auction unless you know a deal when you see one. Do the research on a car model you are interested in and know that car like the back of your hand. How does mileage affect value? What are each of the options worth? What about condition? Once you get this information from sources like Kelley Blue Book or Edmunds, stick to the numbers when you start bidding. Don’t bid beyond your target price. Your deal is out there if and only if you are patient. If you need a car today, don’t buy it at an auction unless you do your research first.
After you have determined a fair value for the model you are interested in, use the top auction sites to see if you are in the ball park. These sites will show you what similar cars have sold for. Use more than one example and take an average. This check will tell you real value and could translate into a real deal once the bidding begins. Don’t get into a bidding war just because you like a car. Another one, just like it, is just around the corner at the price you have set as a goal. Never overbid; remember you are looking for a deal.
Learn more about Automotive Auctions by stopping by www.i-consumer.org/auction-ratings where you can also learn about seized vehicle auctionsites and what they can do for you.
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