You could tell that most people knew each other. It felt like these few dozen bidders were part of an exclusive network of junkyard owners and flip-artists who have been bidding on cars against each other for years. Every now and then, when one guy outbid another, you’d see the losing bidder lean over to a friend and talk shit on the winner. “He just buys cars for the sake of buying them. He probably makes no money,” I heard one guy whisper. Police auctions are full of mysteries and secrets.
If you are in the market for a replacement vehicle, consider a local public car auction. Auto auctions are especially great for people on a budget because vehicles can run up to ninety percent less than where their market values are listed. Public car auctions are great resources for car buyers on a budget, but first timers should educate themselves. Catch up on how to take advantage of public car auctions if you are unfamiliar with the industry and its process.
Sitting on the couch, craft beer in hand, we salivate over the parade of shining classic cars rolling across the auction block at Barrett-Jackson, changing hands for ungodly globs of cold, hard cash. It’s places like this where you can pick up cars like custom built Singer Porsches, old-school hot rods, vintage Ferraris, and soon to be released, serial #001 supercars, and as the drinks get stronger, so too does the bidding.
After registering for the auction of your choice, begin to figure out a budget. Setting a budget helps relieve anxiety and stress that can come along with auto auction participation. Know your budget and stick to it no matter what the circumstance. When the budget is set, you can start to look into your finances. If you are going to need a loan, determine who or what will be your financial lender. Some auto auction firms provide pre-approved loans; if that is a route, you are comfortable taking. Banks and credit unions are other options for obtaining a car loan.
Locating your nearest public car auction locations might be a question of doing some real detective work. They are usually hidden away in web searches because they are unaware of search engine optimization keywords which can get them onto the front page. You can try a search at specific sites which you know to be for repo, government car sales or police auctions. You will have to register your interest prior to the sale and you will be given a bidder number. All auctions work on similar principles, but each have their own way of doing things. You may also be asked for other personal details and will have to show proof of ID when you attend. Do some investigating before you attend. They may be able to send you an information pack and will usually have some tips for first time attendees.
Cars at government and public auctions sell on visual inspection alone. So look at everything and look for telltale signs of repairs such as paint overspray, less than smooth sheet metal, puddles under the vehicle, scored brake discs, an uneven stance and a million other details. Use your nose, hands and legs, too. If a car smells musty or the carpeting is wet, run away.
The government and local law enforcement agencies will seize all forms of real estate. Houses, undeveloped land, businesses, commercial property can all find its way to government seizure auctions. And much like other property it can be had for well below market value. When real estate or house is seized everything inside the building and everything it contains has to be dealt with as well. This can be another great way to furnish your home for a lot less than the retail price. Plasma TVs, Xbox's, Wii, Playstations, stereo equipment, couches, dining room sets, and just about any other household item you can think can be purchased at big discounts like art work, antiques, jewelry, and designer clothing. There is no shortage of stuff to bid on at an auction. People who run afoul of the government soon find all their stuff being auctioned off at the seized auctions events, including the clothes off their backs. It is the government's way of recouping money that otherwise would fall on the taxpaying public.
Last year, Nicole shared a great reader story about how to buy a new car at a dealership. But I hate bargaining. I don't like it even remotely. Plus, I don't really care if a car is brand new or not. I just want reliability — and a little bit of style. Besides, after reading Get Rich Slowly for so long, maybe I've become too cheap to go for a new vehicle.
Always take a photo of the vehicle identification number (VIN) toward the base of the windshield on cars you want to bid on at auctions. After that, walk around and check places like door jams, under the hood, and inside trunk lids, where stickers with this number may also appear. If the numbers don’t match up, or are missing entirely it’s best to move on, because there’s probably a really bad reason why it’s like that.
Locating your nearest public car auction locations might be a question of doing some real detective work. They are usually hidden away in web searches because they are unaware of search engine optimization keywords which can get them onto the front page. You can try a search at specific sites which you know to be for repo, government car sales or police auctions. You will have to register your interest prior to the sale and you will be given a bidder number. All auctions work on similar principles, but each have their own way of doing things. You may also be asked for other personal details and will have to show proof of ID when you attend. Do some investigating before you attend. They may be able to send you an information pack and will usually have some tips for first time attendees.

Easy Payment: Pay manually or use Auto Pay! Manual payment allows you to choose which card you want to use on every transaction. Auto Pay is set up through your account details. By keeping a valid payment method on file, your auctions will be processed automatically so that you never miss a payment! Special discounts are available to customers choosing Auto Pay.
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