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People love to find terrific deals and great ways to save money when they are thinking about making a purchase. When it comes to buying a vehicle, finding a deal that shaves a percentage or two off the price can result in a savings of hundreds of dollars. A public auto auction provides some excellent opportunities for being able to pick up a super deal on a used car.

However, if you are thinking about going to a car auto auction for the first time to get a new vehicle for the family, then you do not want to go to the event without the proper knowledge and preparation. Without understanding the process and being properly prepared before going to motor car auctions, you could actually end up getting yourself into a bad deal and spending more money than if you had just shopped at a traditional car dealership.

By following a few tips from experienced public auto auction buyers, you can reduce your chances of getting burned at your first used car auction. Those who will heed the following advice will stand a much better chance of driving home with a good vehicle at an even better price.

First of all, people need to understand some of the basic facts relating to public car auction proceedings. Most of these motor car auctions have vehicles that were seized by a government agency, such as the police, DEA or IRS, or that have been repossessed by a bank or financial institution. All of these used vehicles are sold 100% “as is” and they do not carry any kind of warranty or guarantee. Therefore, any problems with the car simply have to be dealt with by the winning bidder, who will have no recourse with the seller.

Also, if you get the winning bid, you cannot return the car as all sales are absolutely final. Some people have tried to get a reimbursement for a vehicle that turns out to be a “lemon,” yet this is extremely difficult to do because the car auction houses expect that bidders know exactly what they are getting themselves into before placing a bid.

Anyone who bids at public auto auctions also needs to keep in mind that you don’t only pay the amount of the winning bid. On top of the bid price, the winner must also pay a buyer’s premium that will equal anywhere from five to ten percent of the amount of the bid. This additional money pays for the services of the auction house and auctioneer. In most states, you will also need to pay for a license, registration and transfer fee.

If you are considering making a vehicle purchase at a public auto auction, then it is best if you take someone along with you who has a good understanding of motor vehicles and has the experience to quickly assess the condition of the vehicle you want to bid on. Used car auctions have a brief period of time for inspecting the vehicles that all bidders should take advantage of. With the proper understanding of the process and taking time to inspect the vehicle, you have a good chance of picking up a real bargain at a car auto auction.

Purchasing an automobile is constantly a large responsibility. However actually making that choice on where your going to purchase your new automobile is a big decision to make that you have to think through carefully. There are many choices on where you can buy your next automobile. You may buy it from a car lot or even off of EBay but have you considered local auto auctions as a place to get your next used car? Auto auctions are gradually turning into a very popular option to buy a vehicle. But there are some things you absolutely should consider before making such an important purchase from an auction. Are you getting the best deal for your money? What happens if something goes wrong? These are questions that you have to think about when it comes to your new purchase. In the rest of this article we will cover what auto auctions are and how they can either help or hinder your pursuit of a new automobile.

Why would I go to auto auctions?

Many people go to auto auctions because they can get a better deal on a car than they can at a local dealership. Many of the cars sold at auctions are from repossessions or from individuals who want to sell their car but do not want to go through the hassle of listing it in the local newspaper. If you are looking to find a decent vehicle at a low price then you should definitely check out the local auto auctions held in your state. It may involve you driving a bit but it may well be worth it to find the auto that you have been looking for.

What is a salvaged title?

A salvaged title is a title that is given to a car after it has been wrecked. This is does not mean that the car has had a little fender bender. It means when there has been significant damage to the point where the insurance company has decided it is irreparable. Many mechanics will apply for a salvaged title after they have restored the car to its running condition. It will have a new Vehicle Identification Number posted on the car as not to confuse it with its previous title. Most salvaged cars when restored are quite good vehicles. But there are some that are not. You are taking a huge chance when you buy a vehicle that has a salvaged title.

Where do car auctions actually get their automobiles??

Auto auctions get their cars from a variety of sources. The automobiles might be from repossessions that are foreclosed by the lender or even the bank. There are some automobiles that originate from private owners who are looking to seel their auto in auction type of environement instead of through a newspaper. Ebay is an online auction site that has become very popular with quite a number of dealership who sell their inventory through that website.

Is the seller obliged to state any defects on the car?

There is a huge difference between what a seller should do and what they actually do. This is where ethics comes into play. If the seller knows that the engine is knocking or that the car has been wrecked they should disclose this knowledge to the public before bidding commences. Many states require that if a seller knows about a particular problem and does not disclose it, they can be held liable if the car breaks down after purchase. Basically it is the seller committing fraud against the buyer and fraud in all states is illegal.

For great education on auctions go to Estate Auctions also Boat Auction and at Property Auctions

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