Local Car Auctions: Pros and Cons

Are local car auctions scams or can real bargains be found with police seized vehicles? Certainly, numerous of the newspaper advertisements, backpage fliers, or "junk mail" in your mailbox seems too beneficial to be true. Indeed, we can been conditioned to view the auto industry and dealerships with a cynical eye. All the same, many people have been raving about local car auctions which feature reposesed vehicles from the IRS, DEA, US custom agents, police, and other law enforcement agencies. The major rationale why others believe that local car auctions are scams is because of the low price and individuals have questions about the auto condition.Local car auctions present seized automobiles up for bid to citizens. These vehicles were involved in some sort of illegal activity, but that does not necessarily mean crazy automobile chases in the heart of New York City. At worst it could mean that the automobiles from local auctions have been in a storage lot for a few months. That should not be a deal breaker when you think about it, though. All automobiles sold at local car auctions are sold "as is", of course. Yet other places may have 30-day auto warranties that you can get or some policies are available at specific local car auctions. If you compare the types of vehicles from local car auctions to other bidding events, you can see that the quality of automobiles from local car auctions is not bad, at all; in fact you will be pleasantly shocked. For instance, salvaged vehicles are not at police seized local car auctions. Salvaged automobiles, SUV's, trucks, or motorcycles have been entirely flooded and would require you to devote a lot of money into restoring them into a first-class functioning condition. This is the major rationale why bargain hunters check out police seized lots over salvaged auto lots.A huge tip from expert auto bargain hunters is that you should check the vehicle in person; this fact gives local car auctions the advantage over websites in the vein of ebay or craigslist, in which the auto customer is in the dark. With today's technology, such as wireless laptops, Wi-Fi netbooks, and 3G (and now 4G) cell phones, you can bring up a vehicle's history while you are at local car auctions for an immediate VIN background check. You can buy with confidence and security at local car auctions if you have the knowledge and information that you get from physically inspecting the vehicle and running a VIN check.Another word of advice at local car auctions: be sure not to overbid on any vehicle. Make your maximum bid 20% less than black book value and never pay retail. Remember the goal is to get the best deal at local car auctions not to drive the bid cost too high. You can be smart and wait for the right vehicle at the right time. If you have the right tools at your disposal, such as a database of opportunities in your area, you can be very successful.