Government and Public Auto Auctions Buy Vehicles and Luxury Cars Cheap

* Tips and views on buying at auto auctions * *bidding. If someone bids against you, signal again. *
Have you ever dreamed of owning one of those highDon't jump in on the first figure the auctioneer
end luxury cars but just couldn't fit it into yourthrows out. He knows what the seller is asking for
budget? * Wouldn't you like to impress your friendsthe vehicle so he'll start asking for bids above that. If
and neighbors when you drive up in that Lexus, BMWhe can catch someone off guard and get the bidding
Mercedes, Cadillac, a customized SUV or Hummer? *started high all the more better for him. He probably
Now you can. * How, you ask? * Answer:gets a commission oneach vehicle sold and the higher
Government and Public Auto Auctions! * Each yearthe price the more money in his pocket. * Unless a
the federal government sells billions of dollars ofvehicle has a minimum set price you can start the
seized and forfeited surplus. A large chunk of this isbidding as low as you want. If the bidding is going lets
vehicles. Here you can find the high end luxury carssay $100 increments and you want to bid half that or
(BMW, Lexus, Cadillac, Mercedes, Ferrari, just toeven a quarter, tell one of the assistants or
name few) and even custom made Hummerauctioneer. * Some Do's: * I : If this is your first time
Limousines. You can even find Motorhomes andat a auto auction just go look around and observe
Motorcycles. * Its an enormous cost to store thesethe operation before buying. * II : Inspect the vehicle
vehicles so the government will hold auctionsprior to the sale. * III : Read all the rules and
throughout the year to get rid of these as fast asregulations. * IV : Find out what fees are involved. *
they can even if the vehicle brings a fraction of whatV : Check any warranties or guarantees. * VI : If
its worth. This is where you can grab a bargain. *possible buy at a day sale. You can inspect the
These vehicles are usually seized and confiscatedvehicle better. * VII : Set a price you are willing to
from illegal drug dealers and other criminal activity. Aspay for a vehicle and stick to it. * Some Don'ts: * I :
you know these people don't drive around in cheapBuy a vehicle unless you are convinced it is reliable.
compact cars. They drive the expensive high endYou don't want to sink money into a lemon. * II :Get
luxury cars SUV's and custom made vehicles. *into a bidding war with another buyer and bid way
Incredible deals are waiting for buyers just like you atover your head. * III : Go over your budget. * IV :
auctions held year round. * Auctions can consist ofGet over anxious. * Auto auctions can be fun but
one to two or more lanes. They can all be auctioningthey can also be stressful. To make it more fun and
off vehicles at the same time and it gets quite noisy.rewarding go prepared and stick to your plan. * Each
There's a lot of moving and crowding around theauction has its own method of operating but the
auction block. The auctioneer will usually have 1 or 2basics are pretty much the same. * We'll look at: I :
assistants down on the auction block helping him pickWarning signs and tips on what to look for when
out whose bidding. If you have a question ask one ofchecking out the vehicles prior to the sale. II : General
them. They will help you. Sometimes its hard toAuction Rules and Regulations: These may vary from
understand the auctioneers words. * The auctionauction to auction. III : What these terms mean: a :
goes at a fairly quick pace. Most are vehicles are soldAs Is: b : Buyers Premium: c : Minimum Bid: d :
in under 5 mins. If you plan on bidding get near theOpening Bid: e : Absolute Auction: f : Reserve Auction:
assistant or auctioneer and signal (head nod, handg : Sealed Bid Auctions: h : Arbitrator: * There are a
movement) to indicate you want to get in on thenumber of different auctions.