Buying an auction car online, is it all hype or is there some hope in securing a good vehicle at bargain prices?
The opportunity to save money is even greater then at the land-based auctions. The government vehicles at car auction sites have very low reserves and can be sold up to 90% off the retail price. Buying an auction car online is a whole different animal. The online car auction sites deal mostly with government or seized vehicles and also bank repos.
If you can get one of these super deals the condition of the vehicle is not as important due to the fact you got the car so cheep no matter what is wrong with the vehicle it can be repaired and still have a total investment under the cars book value.
If the price creeps up to about 50% of the retail value then you should start considering protecting your investment. There are several ways to do this that are discussed in great detail on my web site, such as sending an independent automotive inspector to look at the vehicle and running a vehicle history report. Some car auctions also offer an evaluation at an additional cost that can paint a detailed picture of the vehicles true condition.
Now as far as where to go for an auction car online lets talk about this a little further. The best way to go is with an auction database service. This service provides one stop shopping for a complete database of ongoing auctions. Hunting these down you're self would take a lot of effort.
Each state and county have their own auctions. The data base service conveniently ties all these together. Its well worth the $25.00-$50.00 to have all of these locations laid out for you in a searchable list.
Buying a car can be a difficult decision and a stressful process. Make buying your next car fun by purchasing an auction car online I have reviewed several of these online auction car sites.
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