subject: Repossessed auction - find great deals for a fraction of the price [print this page] Author: Chris Collins Author: Chris Collins
In an unreliable economy it is very hard to find a great deal on an automobile. Many dealerships promise you thousands in savings, but eventually add it back on the final price in the end. They make it seem like a deal that you couldn't pass up. This is why repossessed auctions started showing up everywhere. For a quarter of the price you could be buying a very reliable vehicle compared to a dealership.
Now if you plan to attend a repossessed auction, you need to remember a few things. First, bring a mechanic friend that can spot problem vehicles so that you do not bid on them. Second, have a price in mind before you start bidding. Third, bid with confidence and do not show any hesitation between bids or you will get easily outbid by someone that notices. Make sure to never tell a stranger about any vehicle you plan on bidding out and how much you plan on bidding.
Now you will probably come across people that have bought a vehicle from a repossessed auction. You will receive mixed reviews about the good and bad of purchasing a vehicle this way. That is the problem with auctions, but that is obviously the best way to find a deal. One out of twenty vehicles will be a lemon. The best way to cure this is to bring along a mechanic friend that can look over the car or truck. With this one key ingredient you will surely be on your way to owning an excellent vehicle for less then half of what a dealership will charge you.About the Author:
