The bidding started out fairly tame. Individuals there bought a beat up Impala for $525, a Chevy Astro van for $425, and the shittiest Chrysler PT Cruiser I have ever seen for $300. As for the awesome Ford Escort wagon? Well, it didn’t do so hot, in part, Kevin told me, because it’s so light and has low scrap value, and because parts are in low demand:
This is about auctions where the cars are the most ordinary of ordinary vehicles: Ford Crown Victorias coming off six years of patrol duty with the county sheriff's department. Toyota Tercels with so much mileage that their odometers have worn off the printed numerals. Plain sedans, base model pickups and early '90s Pontiac Firebirds confiscated in drug stings. Cars you can get cheap—maybe.
High-end classic car auctions like the Barrett-Jackson events are common on cable channels with three-digit numbers, such as Speed and HD Theater. Perfect Shelby Cobras, Ferraris with long racing pedigrees, glorious Duesenbergs, exceedingly rare muscle cars and old Mercedes roadsters so gorgeous that your eyes water cross the block and sell for insane prices.
K – Your assertions may be true for your stores, but that is not the case for the bulk of vehicles at auction. Many dealerships will send off brand trade ins to the auction (ex: Chevrolet dealer takes a Ford in on trade). Additionally dealerships will often “turn” their inventory sometime between 60-120 days. If they’ve purchased a car and it’s not moving many dealers will move it to get their cash back out of the car and put it back into another car that they might be able to retail, and make a profit on.
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.
The following link will take you to the sale list for the next abandoned & confiscated vehicle auction. Be advised that some of these vehicles will not be present on the day of sale, as owners/lien holders will have reclaimed the vehicles. You must be present at the sale preview to know what remaining vehicles will be offered and to view vehicle conditions.
There are a few simple, but necessary, steps to take for anyone interested in purchasing a vehicle through a local public car auction. It is important to know that most auto auctions required registration and corresponding fees. It is usually not free to attend a public car sale. This is to thwart people with non-serious inquiries. Once you have determined where to register, be sure to read the guidelines if it comes with any. Some auctions have their own unique set of instructions to follow.
Public auctions are not usually advertised to bring in the best revenue. Sometimes there might be a small ad in the local paper, but unless you go looking for it, you might miss it altogether. On the whole, public car auctions are actually really difficult to find. Knowing how to locate your nearest auction room will help you for any future purchases too. The place you should talk to is your department of transport. They will let you know if they conduct their own auctions or put you in touch with a financial institution that does.
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.
Check out the vehicles at the auction house. There should be a pre-viewing session for the auction the day before. At the pre-viewing, you can start the vehicle but you can't test drive it. (Although my son did accidentally put a car in drive and move it a few inches. He was so embarrassed, he thought they were going to kick him out.) Do all the things you ordinarily would when buying a used car: check underneath for fluid spills, pop the hood, bring a friend that knows more about cars than you do.
Policeauctions.com is run by a private company and is not affiliated with the government. It provides information and links to government-run auctions, but the site itself is part of the wholesale liquidation auction market. Items are sold as is and sometimes there are fees. You have to register to bid and get information, but it doesn’t cost anything to join the site.
There are several police impound and tow auctions around Georgia – with most of them being around metro Atlanta. While they are open to licensed car dealers and the public, these auctions are better suited for those that already have some car auction experience. The type of cars offered are police seizures, abandoned vehicles, repossessions, etc. Some may have been wrecked, but this will be disclosed during the auction. These auctions also tend to include boats, ATVs, and motorcycles in addition to cars and trucks. Some may be late models in decent shape, while others will be obvious why they were abandoned in the first place.
Wakeley Collection - Antiques & Toy Auction3/16/2019 10:00 AM Wakeley Collection - Antiques & Toy Auction - 3/16/2019 10:00 AMAntiques & Collectibles, Primitives, Jadeite Kitchen Glassware, Early Roseville Pitchers-Bowls-Juvenile, DeLaval Adv., Folk Art, Americana, Red Wing Stoneware Collection, Cabinets & Bookcases, Lighting & Mid-Century, Artwork-Oil Paintings, Old [ View Full Listing ]
GoodWill is a nonprofit organization that operates retail stores to raise money for people with disabilities or who otherwise need a helping hand. Its online auction site, ShopGoodwill, is a collaborative effort from GoodWill stores all across the United States and provides an impressive variety of all sorts of products, from cameras to tools to sports equipment.
After ESS Lansing, we will proceed to ESS @ 3:30 PM at 24651 N. River Rd. Mt. Clemens & then to ESS @ 5:00 PM at 49215 Van Dyke Ave. Shelby MI .GO TO our Web Page www.tateauctioneers.com click HOME Page for all Auctions Listings, the click MONTHLY Auction Tab for this month's up-coming Auction Sales.The goods to be Sold are generally described as household goods and/ or business related items unless otherwise noted.This Auction is...
"As our police business has grown, we've been approached by other liquidators," Bellomo said. "This downturn has put 3,000 brick-and-mortar retail stores out of business. There is distressed merchandise all over the United States. Brand-new jewelry and watches, authentic sports memorabilia, fine art. Liquidators are coming to us and saying, 'Can you work with us the way you work with police agencies. Can you turn this excess inventory into cash?'
People were on their cellphones taking bids from afar, others were desperately eyeing the cars to see if the panels and bumper covers were in decent enough shape to make some cash at the current bidding price. Though there were only a handful of folks at this little auction, the dynamic—the subtle things people did to make sure they made a sound buying decision—was enthralling.
"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.
PLEASE READ THESE TERMS OF SALE CAREFULLY, AS THEY HAVE BEEN RECENTLY UPDATED. THIS IS AN INTERNET-ONLY AUCTION! AUCTION CLOSING DATE: Tuesday, March 12th, beginning at 1:07 pm. Bidding closes on the first item at 1:07 pm, then closes at the rate discussed in these Terms and Conditions of Sale. INSPECT: Monday, March 11th, 1 - 3 pm, [ View Full Listing ]
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.
All Roads Lead to Clinton Auto Auction.... IL State Police / Chicago PD Drug Seized Personal Property AuctionAuction to be held at Clinton Auto Auction - 9750 Revere Rd. Clinton, IL 61727 Auction Dates:Saturday February 2, 2019Saturday February 16, 2019Saturday March 2, 2019Saturday March 16, 2019 All Auctions will commence at 12:30 PM Offering for auction will be more than 200 lots of Drug [ View Full Listing ]
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.
After Lansing is ESS @ 3:30 PM at 24651 N. River Rd. Mt. Clemens & then ESS @ 5:00 PM at 49215 Van Dyke Ave. Shelby MI .GO TO our Web Page www.tateauctioneers.com click HOME Page for all Auctions Listings, the click MONTHLY Auction Tab for this month's up-coming Auction Sales.The goods to be Sold are generally described as household goods and/ or business related items unless otherwise noted.This Auction is being conducted under the...
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.