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