"Buy second hand", we're told, "you'll get a bargain." Well maybe, you really need to have a plan of action and have done your homework properly first to get the maximum benefit when you buy second hand.
If, for example, you want to buy a second hand car. You decide that you want a particular make and model after doing some research in magazines, newspapers and the Kelly Blue book. Having done that you also have an idea of what the price range should be for the condition offered.
You go around the dealers but everything seems to be just a bit expensive. What to do?
If you live close enough you can visit the car auctions in Miami. If not you'll have to do a bit more research and visit the auto auctions web site to find out where the nearest cars auction is to where you live. Bargains galore but you may have to wait a bit until your special car comes up for auction.
Car Auctions will Save You $1,000's on your dream car.
Car Auctions, Massive Savings over book.
Start your search here
How often do you hear that car auctions are only for dealers? Almost any time you raise the subject actually.
In fact, if you have the correct resources, you can join in these public auto auctions and save up to 90% of the cost of your next car.
How easy is it to do? It's so easy that you can do most of the work right now without leaving your computer.
As fantastic as this sounds, with just a little patience and some simple research it is possible.
As you probably already know from past experience, car dealers will do ANYTHING to get you into the car of your dreams. Whether you can afford it or not!
I can recall a former coworker who got into a new luxury vehicle with a little "creative financing." The manager divided his mortgage payment in two. His justification: As a married man his wife was responsible for the other half of the mortgage....even though she was a stay at home mom! Luckily for them, they found a way to pay their huge car payment and avoid repossession.
Unfortunately, others aren't quite as lucky. Thousands of people default on their loans everyday simply because they couldn't really afford it in the first place.
This can work to your advantage. The banks and financial institutions that serviced the loans want to recoup their loss as quicly as possible. Add to that the exhorbitant cost of storing these vehicles, and you can easily see why the banks want to dispose of them in a timely manner.
After all, the longer financial institutions have to store these vehicles, the less money they're going to get back.
Auto auctions are the quickest way for banks to rid themselves of repossessed vehicles.
Car dealers know this, and they go to great lengths to protect this knowledge from the general public. After all, auto auctions are a huge source of revenue. Dealers can purchase vehicles at a fraction of their value, and then resell them at a huge mark-up.
What impact would it have on your wallet if you were able to buy your dream car at an auto auction at the same price as the dealer?
Start your search here
Amazingly enough, auto auctions are not solely restricted to car dealers. Up until a few years ago, I thought that they were but I was wrong then and nothing has changed since except the bargains are better.
It was only by sheer luck that I stumbled upon a website that allowed me to search local auctions by zip code and vehicle make that I learned the surprising truth. I was paying dealers thousands of dollars in unnecessary mark-ups.
I love the Internet, where else could you get behind the scenes and discover what the auto dealers have been hiding from me fro years?
I tried the website's search feature out, and to my surprise the cars listed were exactly what I wanted. Only a few years old with very low miles. Many of them were still under the manufacturer's original warranty! This made sense of course, since most of them were repossessions.
The auction house was even willing to throw in a vehicle history report at no extra cost and a 3 month warranty.
Start your search here
Sure I wouldn't get the complimentary car washes and oil changes the dealer throws in, but that surely wasn't worth thousands of dollars in premiums.
After a little hesitation I joined the auto auction membership site. They helped me locate auto auctions in my area, and gain admission to them through their exclusive access rights. I learned what questions to ask, and how to handle the bidding process.
It was a lot simpler then I ever imagined it could be.
The day of the auction, I showed up a few hours early to inspect the vehicle I was interested in and get a feel for the place.
It must have been a slow day, because when my car came up for auction only a few dealers were bidding against me. Since I wasn't buying the vehicle for resale, I succeeded in outbidding the dealers!
It was a truly empowering experience. I got the vehicle of my dreams, and I only paid a little over half its book value!
What did this experience teach me? Auto Auctions can save you thousands in unnecessary dealer mark-ups.
How Much Could You Save With Auto Auctions?
Begin Your Local Auto Auction Search at: Start your search here
Friday, June 26, 2009
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