So you’ve had a new addition to the family, congratulations! But now you need to upsize the car. Have you ever thought about buying repossessed cars? A lot of people have started to wise up to this surprisingly large resource of cheap, bargain cars. Especially with the economy as its been, there are now more public car auctions than ever before.
From California to Massachusetts folks are seeking out this source of affordable SUVs, sports cars and 4x4s which the government agencies and banks have repossessed from criminals or those that cannot pay the bills. Because they cannot afford, nor have the will or space to store and manage these assets, they offload them at public auctions for real bargain prices.
And these cars are usually low mileage and in good condition. Many of them are almost new. They are sold as seen so you need to look into the integrity and history of the car if you can, but the government agencies are not in the business of ripping people off, so their condition as stated can be trusted.
If you’ve never been to car auctions before, they can be a little daunting at first. So try to do these 5 things to make the experience more valuable:
- Take a knowledgeable car-minded person with you
- Try to attend in bad weather – the competition will doubtlessly be less
- Stick to your budget – they can be tempting places, but remember you’re looking for a bargain
- There are many auctions, you don’t have to buy at the first one
- Don’t worry about bidding against dealers – they have their profits to make and will likely drop out at a price that is still a bargain for you.
There are a number of websites that can give you really good, timely information about when and where these car auctions are taking place. Do yourself a favor and use one of the trusted websites. There are many that will lead you to dead links or pages full of ads that deliver nothing. Getting a bargain on repossessed cars is easily possible if you hit the right site.