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Government car auctions are a great place to find late model cars that are ready to be resold. You will find a wide selection of cars available, ranging from those that can immediately be resold to consumers at fair market value to those that need a little tender loving care before driving or selling. These ideas will help you make the most out of your trip to the next local auction, so you are sure to make a profit on anything you buy for reselling purposes.
Why Auctions?
One of the best things about government car auctions is the ability to pay thousands of dollars below market value for all different types of cars. You will easily save money by visiting an auction, but that does not mean that you won’t have a wide selection of cars to choose from. In fact, there are often hundreds of cars sold around the country every month to used car dealers that include sports cars, luxury cars and even collectable antique cars.
In addition to saving you money, buying from government car auctions helps out local government offices by reducing the costs associated with storing the vehicles, and can even help by providing some much needed funding for state and local government offices. Some cars, especially collectables, sports cars and luxury cars, are in high demand, however, making them a little more costly to purchase than your average vehicle.
Getting Great Deals
Shopping at government car auctions can provide you with the tools you need to find really great bargains. In order to find cars with free and clear titles, check to make sure that the title is on location. Since it is impossible to resell a car without a title, choosing cars with titles that are lost or even in transit will make them impossible to sell. Instead, ask before you bid to ensure the car has all of the proper documentation before buying or bidding. This simple step can save you a lot of trouble on down the road.
If you are going to be buying several cars, it may well be worth the expense of bringing in a professional to judge the body, frame, engine and transmission of the car before bidding, as well. These parts are very costly to repair, and may bring the cost of the car over what you were willing to pay if damaged. Within just a few minutes, a good mechanic can tell you whether or not the car is worth buying, or not.
Finding Auctions
You can find government car auctions both online and locally. There are typically several local auctions held each year, even in smaller rural areas. If you are shopping for cars online, then you will want to make sure that you are paying for both pick up, or shipping, or the automobile in addition to the auction bid. In some cases, shipping can be quite costly.
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Source: http://ezinearticles.com/?Buying-Cars-For-Resale-at-Government-Car-Auctions&id=3014116
