Basic Advice On Car Auctions

If you want to get a great car at a great price you need to try car auctions. There are several public leads you can try in order to find a car auction in your area. Car auctions can be advertised in your local paper either online or through the Sunday edition. You can contact banks and auto auctions state of Minnesota, or find their listings of auctions in the Sunday papers. Finally, check out your local city government for their actions that are held at specific times of the year.

Auction Of Vehicles

Police and other law enforcement agencies take possession of vehicles through drug raids and other means and in turn and sell them through auctions as way to fund the police department. You can phone or email federal, state, and local government agencies and inquire if they have car auctions, and if so, where and when. Many cities regularly auction off vehicles seized by police. The U.S. Government is also having auctions of cars seized by U.S. Federal Marshals. All of the agencies not only auction seized vehicles, they also auction some of the city owned and used vehicles such as police cars and cars driven by agency employees. See Pueblo.gsa.gov for more information, or call 888-8PUEBLO or 888-878-3256 and ask for Item 577N. Write to: Federal Citizens Information Center, Dept. 577N, Pueblo, CO 81009. Uncle Sam provides the free publication US Government Auto Auctions.

What happens

When you’ve found the auction, be prepared before you get there so you will be well informed before the auction starts. Most auctions will have a preview of the vehicles so you can get an idea of what you may want to bid on. They may also offer pre auction information sheets that lists the specifications of the the vehicles that will be coming up for auction. You should learn what are the minimum bid requirements and how the bidding will take place. You may want to go to an auction without planning on buying just to get an idea of what will happen during the actual auction to get a feel for the process. You will need to know what types of payment the auction house accepts. Some may only allow for cash purchases only so you will need to bring the money with you if that is the case.

When previewing the vehicles before the auction starts, make sure you are aware of any legalities that may hamper the purchase of the vehicle, in most cases the cars will be clean, but if there is lien on a title, you will want to know that before hand so you can plan it in your final bid. If you plan on bringing your credit card, you may want to know if they accept credit cards first. You may be asked to put down a deposit as well in order to hold the vehicle for you if you did not bring the required amount of money to make the final purchase.

Once you have done your research and you are ready to attend the auction, see what kind of vehicles the auctions the state of Minnesota has and at what price you can afford to spend. A good way to start estimating prices is the Auto Blue Book, which lists vehicle makes and models by year and their expected retail and wholesale value. The Auto Blue Book is a great tool for finding a vehicles total value. Each vehicle listed will have a price based on a few factors such as the condition of the vehicle and how many miles are on it.

Conditions can include damage to the exterior and interior of the vehicle. You can find a current Auto Blue Book at most auto part stores or online where you can search for basic information for free and more detailed information that will cost a minimal amount. This will give you a true idea of what your vehicle is worth and be prepared for the cost of your vehicle.

Carfax

Before you purchase a vehicle, you will also want to get some history on it. Find out where the vehicle come from, whether it was a bank repossessions, seized by the government agencies, or merely a finished car lease. It is thought that cars from less exotic channels are better bets. You can get a history of a car through its VIN number through Carfax. Carfax is another great tool for the purchaser of an auction vehicle. As with the Auto Blue Book, you can get limited information online for free about the vehicles most recent past.

For a small fee, you can have access to the entire history of any vehicle including but not limited to how many owners the vehicle has had, how many accidents if any and where the damage was located, and major engine work that was done such as an engine rebuild. These are handy facts to know before you purchase a vehicle.

Limited warranties are provided in some cases, but check the fine print. It often says, Not covering any prior conditions. So if the transmission falls out, will it be covered? You’re getting a big chance for a discount, but be ready for either a pleasant surprise or a drive to nowhere.

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