A new car has the advantage of no prior history of abuse. A used car has that possibility.
That's not to say that every used car has been abused, far from it but a new car almost certainly hasn't.
The disadvantage of a new car is that you take an immediate hit in the value of the new car compared with it's resale value as a used car so you lose some money very fast.
What if you could get a new or almost new car but only pay for a used car? Buy a new car at better than wholesale? Better than your dealer can buy it from the manufacturer?
What if this is happening every week in your city or a city close to you? Do you think you would be able to save considerable money and get the car you want?
The solution is to visit the car auctions website and search their listing. They list all the autos auction, not just the local one so you have a better than average chance of finding the right car.
Repo cars can be a solution to this question. Buying repo cars at auction allows you to buy a new car at used car pricing.
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
Thursday, June 18, 2009
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