Three Reasons an Auction is a Great Way to Buy a Car
photo credit: SnippyHolloW Did you know there are tens of thousands of cars auctioned off all over America every week for up to 95% less than their book value? It’s true. But while this used to be kept on the down-low by car dealers who bought inventory at these auctions, you can now find out where and when these auctions are. They’re held in every state, so you’re sure of finding one in your region. Here is why an auction membership at... [Read More...]
Three Reasons Not to Forego Government Auto Auctions
photo credit: dmytrok You have probably heard of people buying cars at government auctions for amazingly low prices. Even on nice cars, the bids start very low – often in the hundreds of dollars. People really do buy nice cars for very low prices, because the government, whether a local police department or a national agency like the DEA, wants to unload these cars to avoid having to pay for storage and maintenance for them. Seasoned car dealers... [Read More...]
The World’s Largest Automobile Auction
Manheim, a subsidiary of Cox Enterprises (which also owns several newspapers, television and radio networks, and Internet technology platforms) is the world’s biggest automobile auction chain. Of course, this is more than just the occasional car auction here and there. Manheim employs 34,000 workers and has 140 different operating locations. Manheim helped 10 million cars change hands in 2008 alone, with transactions totaling more than $50 billion. Manheim... [Read More...]
Ten Tips for Buying a Car at Auction
photo credit: The Talented Mr. Nimo/On Vacation If you are interested in purchasing a car at a government or other auction, hopefully you’ve done your homework about how the auction process works, the terms of sales, and arranging for full payment after you’ve put down a deposit on a bid you’ve won. Here are ten tips for buying a car at an auction. Some apply more to online auctions and some apply to live auctions, but you should be prepared... [Read More...]
Three Reasons to Buy a Vehicle History Report on a Used Car
In the couple of years following Hurricane Katrina you probably heard frightening accounts of people unwittingly purchasing cars that had been damaged by flood waters. Flood damage can be easy enough to hide from the average consumer, but the damage is permanent and often progressive. While the so-called “Katrina cars” are starting to disappear from the scene, particularly at car auctions, you still run the risk of buying a car that has damage... [Read More...]
Not a cure all to the auto crisis, but do you think this better than just giving them money?
My idea is this: We spent $19 billion a year in foreign aid. Not to mention the $34 billion we spend in Iraq. That $19 billion is spent on very little for the population, alot is laundered and skimmend off the top to corrupt politicians. We brake down the amount we spend on each country, then reserve 10% +/- of each countries aid and set it aside. This money is reserved to buy vehicles for each countries infrastructure and public works systems.... [Read More...]
what are the best free auction sites today; december 2007?
real estate, auto, government, states, seized, etc. There’s a good list here http://www.auctionalfie.com/sell/ The best ones are ebid and ubid. Read More →
Is this a good business idea?
Critism is welcome and ideas are thanked for. Im going to open a used car dealership that sells mostly japenese import cars such as honda, acura, toyota. But im also going to have trucks and crotch rockets. Im going to buy modifications in bulk and install them myself to lower the price. modifications like body kits, sound systems, drifting kits, rims, lambo doors, under car lights. each car will only get a few modifications to make it stand out... [Read More...]
I would like to know where i can find a local car auction?
I would like to know where i can find a local auto car auction, where i can find cars cheap, usually government cars or something. I need it around dallas texas or euless texas or fort worth texas or grapevine texas or colleyville texas…. around those areas. If i can find it around there it would be great. I am looking for infiniti g37, or a corvette, or a lexus IS 250, or a hyundai genesis. Can u please find a link or adress, phone number for... [Read More...]
Where to find a new car for auction in California?
Does anyone know how and where i can go to find a new car for auction? i’m not asking for used or government seized vehicle with good mileage but something brand spanking new. I heard that since the auto industry are closing down some of their cars are sent out for auction. and that is exactly where i want to be/go. any tips/advice would be great. thanks a bunch. I’m in the car business in California. I have not heard anything about new... [Read More...]
