As the action at public auctions has grown hotter, the cars have grown shadier. "I've personally seen cars with over 300,000 miles on their clocks rolled back to 120,000 and sold as 'Miles Exempt' meaning no guarantee of mileage," he says. "Most of the cars at a public auction are the worst trade-ins or very rough repos." And as in a government auction, you can't drive a public auction vehicle before you bid on it.
With the budget and loan in place, you should start thinking about the auction’s inventory of cars and vehicles. Moms may need more seats for kids, or business owners may need trucks for hauling and transportation. Be sure to inspect the inventory closely. Do not be afraid to start the ignition, test the heating and cooling, check the seat controls, and more.
"There are two types of public auctions," explains Steven Lang, who runs a used car dealership in the Atlanta area and once owned a dealer auction (not open to the public). "There are government auctions and there are public auctions." Both are full of potential pitfalls. Here's a quick rundown on both and 10 tips for getting the most out of either. That is, if you dare to venture into the auction pit.
LARGE PUBLIC AUCTIONSATURDAY, MARCH 16, 20199:00AMKIRBY LYONS AUCTION FACILITYBLDG. #2 (White Building) 5317 Sebring-Warner Rd., Greenville, Ohio 45331Doors open at 8:00AM*PREVIEW DAY IS FRIDAY, MARCH 15th FROM 12:00PM TO 5:00PM* 1999 MAZDA MIATA CONVERTIBLE – ALUMINUM UTILITY TRAILER – 4-WHEEL SCOOTER – ANTIQUE & MODERN FURNITURE – [ View Full Listing ]
As you browse the government auction sites above, you'll notice some link you to additional sites run by private contractors. These contractors have legitimate relationships with the government, but bidder beware: other private companies will try to make their auctions seem like government auctions as a marketing ploy. Always start with the legitimate links provided by the government itself. Good luck!
What items are available for sale - You can expect to find various items at police auctions. This could be clothing, jewelry, electronics, art work, cameras, computers, tools, watches, furniture and many other items. You can also purchase vehicles at police auctions, as well as boats and even airplanes. The seized vehicles that are used in committing crimes are placed for sale where minimum bids and reserved prices are extremely rare. This means that you would be able to get these items even if your bids are low and nobody else is bidding against you.
In economics we tend to think of auctions as a good way to get at the true price of an object. Of course, it isn’t quite perfect as there’s still problems with information asymmetries, and people can get a winner’s curse because the people who err in thinking the car is worth more than it actually is are the ones who are likely to win. On the other hand, the price can go lower if there just aren’t enough people at the auction for that to happen– you need at least two people over-valuing the object and willing to pay for it for one of them to over-pay.
Removal of all items shall be the sole responsibility of the purchaser. Loading assistance is provided as a courtesy; however, purchaser assumes all risk and responsibility for loading and removal of purchases. Auctioneer reserves the right to require proof of adequate insurance coverage from any purchaser items requiring dismantling, rigging or hot cutting. Purchaser agrees to indemnify and save harmless both, consignor and Auctioneer, its officers, directors, employees, agents, and attorneys against any damage caused by the acts of purchaser. All items must be removed from the auction facility within 2 days after the auction date. If for any reason purchaser fails to remove any purchase within the time specified, the purchase shall be deemed abandoned, and Auctioneer at its sole discretion may resell the items. Purchaser shall be liable for any rent incurred or damages suffered by Auctioneer because of purchaser’s failure to remove any item. Failure to remove items will result in a rental / storage fee of not less than $25 per item per day.
The majority of the vehicles found at local auctions will need some work done to them in order to be deemed “road-worthy.” Knowing this before you ever set foot on the grounds is a major part of deciding if this is the right way for you to source an automobile. A low bid on a crappy car has the potential to leave you stranded on the side of the road, so if you aren’t a savvy DIY wrencher, you’d better have one hell of a trustworthy mechanic.
Sign up to receive automatic notification of new auction listings. You can call the regional office of a government agency to get on mailing lists for upcoming government asset sales. Each government or contractor website will also have a registration form to receive notices of new auction listings. It is also possible at these websites to create custom email alerts for particular items coming up for auction or categories of listings.
Call this location @313/383-1035 to determine the # of units for Auction this day. This is the 1st location for 7 Auctions for ( ESS ) Extra Space Storage Inc. this day, the next Sale afterLimcoln Park is ESS Southgat @ 10:15 AM at 11511 Allen Rd.NEXT is ESS @ 11:30 at 3500 Carpenter Rd. Ypsilanti 48197, then we proceed to ESS @11:00 AM at 1900 Old Rawsonville Rd. 48111. For more Auction information on other sales go to our web page www.tateauctioneers.com Then click...
Governmentauction.com is the innovator and leader in live online auctions and land sales throughout the world. In the last 40 years, we have sold over 50,000 parcels of great investment land. Our land for sale comes from the various city, county, state land, and even other countries. All land sold through our online auctions and surplus auctions is guaranteed to have a free and clear title. Most of our land sold comes with no credit checks, no qualifying financing and low down and monthly payments if you choose. We have also sold over one million assets that include watches, such as Rolex and Cartier, rare coins, fine art, antiques, classic cars, gold and silver, GIA diamonds jewelry factory surplus, ladies handbags, such as Louis Vuitton, and more. You will find great deals and many treasures every week right here on the GAC live online auction site.
If a bidder is logged into the bidding page, a message will display on screen OUTBID. If you are logged out of the system, you will receive an email with the subject “You were outbid”. Within the email is a link to place another bid. If you have downloaded the CWS Auctions App on your phone, you will also receive a text alert when you’ve been outbid.
Log onto PropertyRoom.com, a Web site which auctions stolen property that law enforcement agencies were unable to return to the rightful owner. The auction is run much like eBay, and its product mix is arguably just as eclectic. Thanks to the criminal mind, the inventory, unfortunately, is endless. Stereos, guitars, laptops, jewelry, bicycles and designer clothes are all available for a fraction of the original value.
Auto Auction Mall is your #1 source for purchasing used cars at wholesale prices. We provide exclusive access to dealer-only car auctions, helping over 200,000 buyers find incredible deals on used cars through our online marketplace every single month. Our unrivaled concierge service helps you navigate dealer inventory and save thousands on your desired vehicle, with financing available to US buyers and shipping available worldwide.