Buying At Repossessed Car Auctions

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					                                                  Presented by Daniel Toriola

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                                               Buying At Repossessed Car Auctions
                                                              By Frederick Brown

   Buying a repossessed car is a great way to claim a quality motor vehicle at a sometimes incredible
price. The best way to buy a repossessed car is at repossessed car auctions, these car auctions sell
cars at such a low price that it can be a dream come true for potential car owner who would have paid
a much higher price buying the vehicle at the dealership.

Could all this just hype? Are we really able to save big dollars buying at the auctions? I mean we have
all heard the stories, like getting a car for $100 but could this be a reality and are those stories more of
a flash in the pan than the everyday norm? If it is really true many of us would be saying where can I
sign up to get a car from these repossessed car auctions?

Lets take a look at car repossession and why these cars go to auction. To begin with what is a
repossessed car? Well to put it simply it is a car that has been repossessed by the bank, most of the
time this occurs when the owner has defaulted on their car loan or lease repayments. When a car is
repossessed it is normally held normally for a period of time to give the owner a chance to catch up on
payments, if the owner can not catch up the bank takes full ownership of the vehicle.

The main reason repossessed cars are so cheap these days is not because the car is a wreck, in a
bad mechanical state nor that it is a bad brand name for that matter, but it is because of the shear
number of cars that are repossessed. The storing and maintenance of these cars is huge and it lowers
the price considerably for you. Car repossession is on the increase every year.

I know what you are thinking, well if they are that cheap why doesn't everyone buy their cars this way?

There are a couple of reasons why

1. Ignorance – Basically people's lack of viable information in regards to these kinds of auctions and
also they just have no idea or clue even where you would go about finding information or an auction for
that matter.

2. Car Dealers – Yes you read that right they don't want you to know or even get a glimpse of these
kinds of auctions. They are constantly buying these cars at auction for resale. Often times making

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                                          Presented by Daniel Toriola

thousands of dollars on each car.

3. Fear – We are fickle but also we want security. I mean the words repossessed car auctions screams
at you something must be wrong with the cars, only problem with them is their owner. The thing is with
the right homework completed and some good research you are well on your way to buying brand new
hardly used cars for under $500.

Frederick Brown specializes in Repossessed Car Auctions and has been in business for over 10 years
in the Automotive Industry. Frederick's website Allows people to Gain Access to Special Automotive
Auction Information which is normally only available to car dealerships. Visit his website Here:

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                                                                                                             Page 2
                                         Presented by Daniel Toriola

                      Car Auction: Pros And Cons Of Purchasing An Auto At Auctions
                                                By Alex Baumm

 Are you used to purchasing different items at auctions? If you are, perhaps you are considering buying
a vehicle at car auctions.

You probably might know some people and investors who constantly buy repossessed and
second-hand cars at car auctions. Then, you should know that auto purchase at such occasions would
not just be practical but also could be a very wise move, investment wise.

In the United States and in almost all developed countries worldwide, regular car auctions are regularly
held at cities, towns and communities. And certainly, there are always numerous car buyers who are
lining up and bidding to purchase autos.

Through the years, there must be numerous perks and advantages to buying cars at auctions. And of
course, there are several disadvantages as well. It would be helpful if you would ponder on the pros
and cons of buying a car at car auctions. First, take a look at the following advantages.

1. Cars at auctions are usually very cheap compared to cars sold at conventional car dealerships and
distributors. That is why people who are into a limited budget are always falling into queues just to get
to almost every car auction in the community.

2. You would be able to secure and purchase the best and functionally reliable autos at car auctions.
The organizers always make sure each vehicle they sell at auctions are of high quality and are very
much in good condition for buyers to want to buy it.

3. The best car brands and models are sold at very reasonable prices.

4. There are many vintage cars that could almost pass as collectors' items that are sold at auctions.
And of course, at very cheap and reasonable prices.

After the advantages, it would be wise to also take a look at the possible and usual setbacks of buying
cars at auctions.

1. Cars are cheap because they are usually repossessed or confiscated cars. Second-hand cars sold
can also not be second hand at all, but third-hand, fourth-hand and so on.

2. Many cars auctioned are not of good mechanical condition. Some of them are just refurbished and
made to look good and functional during the auction but when the buyer finally use the cars, flaws and
damages would start appearing.

3. Most or almost all cars sold at auctions do not have warranties and insurance coverage, not unlike
their counterparts sold at traditional and formal dealers and distributors.

4. There is a possibility that you may be acquiring a 'hot' car or a vehicle that has been illegally
smuggled into the country or has been stolen and then sold to the market. You may have troubles over
the car's ownership in the future. - Repossessed Cars!
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                                                  Presented by Daniel Toriola

Car buyers are divided on their stand on whether it is advantageous or not to purchase autos at
auctions. You would have to decide for yourself with regards to this. You may expand the given lists of
pros and cons above so that you would come up with a more informed decision as you move to buy
your own car.

When deciding on whether you would purchase an auto at auction, you can first take advice from
experts or hear feedbacks from car buyers who have already acquired cars at such auctions.

Alex Baumm. Find more tips at our car forum

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                                                                                                      Page 4
                                                 Presented by Daniel Toriola

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Car Auction: Pros And Cons Of Purchasing An Auto At Auctions
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