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The following article was published in our article directory on September 27, 2011.
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Auto Auction Categories

Article Category: Advice

Author Name: Axle Gannon

Repossessed auto auctions

Buying a new car at a repo auction does not cost too much in comparison to what one would spend in the showroom. Owing the latest Mercedes would not be too difficult if you are on the ball.

Repossessed cars are seized and unclaimed equities that are sold by the government agencies lenders in order to recover certain costs that they would have spent. These auctioned cars come from the police departments, financial institutions, banks and other government agents such as the customs department.

All kinds of cars are sold at the repossessed auto auctions. You can be lucky enough to land a good deal on some of the latest models in the market today. The vehicles for sale will largely depend on the what has been seized by the particular government agency or organization. The condition of the cars will vary with some having some slight scratches. However, one is allowed to carry out an inspection prior to the auction taking place.

Insurance auto auctions:

The vehicles that are on sale at the insurance auto auctions are those that the owner has been paid out due to damage to the vehicle.

This does not necessarily imply that the car is in bad shape. Some policies pay the owners out even at the slightest problem.

A deeper analysis of the insurance auto auctions reveals that they are not really beneficial to the company but the person who benefits most is the one who is buying the car. The company is trying to get rid of the burden while you as the buyer are ready to take in the asset at minimal costs.

The insurance auto auctions have become increasingly popular these days with many people taking advantage of this. For some, they buy the vehicles at the insurance auctions, repair them and sell them for profit.

Federal Car auctions

The Federal Government Auctions generally offer a wide selection of vehicles that have been owned and maintained by the government. These type of auctions and are held quite often all over the country. The Federal Car auction of the US general services (GSA) is one good example of such an auction.

The best thing about the Federal Government car auctions is the fact that one is exposed to highly maintained government run vehicles at affordable prices. The advantage of these auctions is that one can be allowed to bid on more than one government car that has got low mileage. Most of these cars have one previous owner which is the government.

These government run and maintained cars are usually in great condition and are fitted with options that most of the consumers would enjoy. Notably, there are no buyer's fees that are charged at these auctions.

There are times when an inspection date will be scheduled so as to allow the bidders to analyze the cars before the auction date. The bidders can even start the engine of the car though moving the car may not be allowed.

Salvage auto auctions

It is not unusual to hear of great deals from salvage auto auctions. It is worth noting that not all the sales at these car auctions are cheap. The fact is that there are some buyers in these sites who bought over priced cars that happened to be above the market value.

Before you visit salvage sales there are things you must know. The starting point would be to remember that all the cars offered for sale at the salvage auto auctions are second hand, damaged in some way and an extensive assessment on the car should be made before setting your heart on a vehicle.

Check out the serviceability of the motor. At least try and start the car since you may not be allowed to perform test drive. Carry out a detailed inspection of both the interior and the exterior with an aim of identifying any form of damage on the car. If repairs have to be performed on the car, seek the services of an expert for a quotation. The expert will analyze the damages and provide you with a comprehensive report of how much you may need to spend to get it ready for the road.

You must also check out the legal documents of the car being sold at the salvage auto auction. Make sure you analyze the registration documents of the car so as to avoid making an expensive mistake.

Keywords: auction,autos,cars,automotive,government

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