Those who are successful at local car auctions have a game plan and stick to it. Another successful trait of bargain hunters is having full access to when these events are taking place as opposed to waiting for newspaper advertisements.
One of the reasons why so many people do not know about local car auctions is due to their very nature: the events are not national and do not have expensive marketing campaigns. Many prospective auto buyers do not even hear about them. This is why having an online database of local car auctions in your state, city, and county would give you the competitive edge. With this knowledge at your fingertips, you can pick and chose , schedule, and show up at the best local car auctions. The truth is these events are held in other places besides City Hall.
Another advantage of having 24/7 access to a list of all local car auctions in the United States is that many of these events have car listings online, so you can get a great idea of what to expect. Additionally local car auctions may have other items besides autos, trucks, motorcycles, or SUVs. Other seized merchandise at local car auctions may include computers, boats, jewelry, farm land or real estate titles, electronics, furniture, and other items at well below retail price. You can get a great idea of what is being offered with your online access.
Here are some tips for you at local car auctions: make sure the highest you bid is 20% below the black book price for vehicles. There will be many more opportunities for you to find a great vehicle at local car auctions so there is no need to get into a bidding war and pay retail price or black book price. Keep in mind many vehicles were stored in a lot for months so although the condition may be fine, the value does deprecation before being sold at local car auctions.
Condition seems to be the number one inquiry I hear from people curious about local car auctions. The fact is you can inspect the vehicle in person at local car auctions and even run the VIN number history on your WiFi laptop, netbook, or internet -ready cell phone to see if the vehicle is OK. Vehicles at local car auctions are not salvaged or flooded, but they are “as is”, so exercise caution like you would do for any other purchase. Although it is “every man for himself” you can still have the advantage with an online database to easily find auto events in your area.