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Friday, November 13, 2009

The Value of Car Auctions

By Thomas Crown

If you are in the mood to own a new car but are in a tight spot due to your current finances then you need to consider a car auction. Let's face it even a used car these days are not that affordable. So in recent years the trend of car auctions has come to be and many people find this as a method that provides a person the chance to own a used car without all of the cost of monthly notes and the hassle of dealing with a salesman.

Many of these auctions are a result of cars that have been repossessed or have been seized for whatever reason there is. This is a chance for a person to be able to afford that car that they at one time could have never been able to buy.

Most cars that are at car auctions are the result of a person who feel behind in their car payments and could not afford to keep the car. This is your chance for you to be able to own a car that many people would never be able to afford in normal circumstances. This gives them a chance to walk away with a car that is next to nothing as far as price is concerned.

A dealership that is holding a car auction does so for a number of reasons. The main reason for this is because they are wanting to clear out their inventory for the new cars that will be arriving. Other reasons are they may have to get rid of a car that was used in the process of a crime, the most common offense that car auctions see a rise in cars to auction is drug related offenses.

The government that seized these vehicles will usually sell them at car auctions to recoup money for damages related to crime, or to recover money owed for taxes or fines (a more common occurrence when dealing with an agency such as the Internal Revenue Service). Because of the nature of these auctions, and the minimum degree of community awareness about them, you can generally find the car you are looking for at a fraction of the price you would pay at a dealer's lot.

For those who don't know where to look, finding information about a car auction can be a daunting task. Announcements about these events can usually be found in your local news paper in some areas the information is harder to find. To locate an auction in a location where they are not readily advertise simply call your local officials or do an online search. I great way to find out about seizure auctions is simply to call the police and ask an administrator in the drug or vice division when the next seizure and impound auction will be held.

As you are searching online for car auctions in your area, you will no doubt encounter another aspect of the growing auction industry - the online car auction. If you've ever visited eBay, you probably already have an idea of what you can expect from an online car auction site: thousands of listed vehicles (often with vehicle background checks available upon request), at prices that can sometimes save you as much as 80-90% off of the listed sales price.

Before you delve into any of these car auctions, however, take the time to decide what you want and need from your purchase. The easiest way to ensure that you find the vehicle you are looking for is to decide what you want before you begin. Decide upon the features you need, and the price you are willing to pay.

In the end it is important that you check into all of your options and know how the world of auto auctions work. These are very great way to find a car that you have always wanted but thought you never thought you could afford - 21396

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