Cheap Used Car Auctions

There has been a lot of talk lately about those used car
auctions that one can purchase a car at a "reduced" price
because of vehicles being impounded by law enforcement
agencies or banks from seizures or repos and the like. Most auto
auctions are closed auctions. The government has seizure and
surplus laws that make this possible. These auctions are mostly
available to the car business (dealers and such), and is a protected
source for used car dealers. Other auctions are open to
government agencies like the FBI, DEA or the police. More and
more savvy Americans have begun to find auctions that are open
to the public. I have been warned however that there are certain
things that you must be aware of when you attend. I wanted to
write briefly about some information that was made available
to me through my research.

1. Educate, educate, educate. Information here is key. Do
not expect too much. Going to an impounded car auction does not
guarantee that you will get the best vehicle available at
the cheapest price. It is just like any other auction in that
respect. If the car is a good buy, there will be more bids
made on it, and the prices will rise. It is important to note
that you may have to attend a few auctions to get the hang of
what is going on. You can then learn to make what bids and when.

2. Inspect the Vehicles - Get an early start because you
have the option of examining them before the actual auction. You
will also have history and VIN reports to refer to, so you can
make an informed bid. This is very important and can't be
stressed enough. Sit in the cars, start them up etc. Take help of a
good auto mechanic in case you yourself are not skilled in
checking cars. There will be a wide variety of choices, different
models and of different years of manufacture, at impounded car
auctions. You will even find rare and luxury cars at great
prices. These cars are usually in good shape, sometimes
almost new.

3. Don't rush things and don't get caught up in bidding
fever! Bring your Kelley Blue Book along with you. It's important
to know car prices. All too often people get caught up in the
excitement of bidding just for the sake of bidding and pay
too much. Learn by observing and reading appropriate guides.
When you are ready and comfortable, you have more chances to
win at the auction. To buy impounded cars is nothing challenging,
but you need to ensure great condition at the lowest price
around.

There are online directories available to learn all about
this process. They will give you as much information as you need
about the impounded car auctions coming up in your area, the
schedules, the rules of the auctions and, at times, partial
listings. These directories usually charge a low one time
fee for membership. They are the best way to the get the
information you need.

For a free car buying guide, inspection check off list and
free search of American car auctions in your area, visit:

http://hubpages.com/hub/Cheap_Used_Car_Auctions

About the author:
Gary is a mortgage professional and has a lot of outside
interests that he enjoys writing about.