Impounded car auctions are a great idea if you are looking for a cheap car. If you have ever been to one, you are sure to have noticed how ridiculously low the starting bids are. This also makes people cautious – we are so used to paying too much that such low prices make the whole idea seem like a scam.
However, these auctions are not scams, not in the least. They are some of the most reliable options of getting a great deal on cars. These auto auctions are held by the people who seized theses automobiles in the first place – lenders, government and law enforcement agencies and banks. The main purpose of these impounded car auctions is to free space and to simply be rid of these cars, which explains the low prices.
The options the government has are either to conduct frequent auctions that will let you buy these cars at amazing prices or to unique silent auction ideas let them fall apart. They simply don’t have the space to keep them in good condition for ages looking for profit. It only makes sense to auction them off at prices that you normally would not expect to get a car for.
You will not only get great deals, but also decent choice at impounded car auctions. You may even find vintage and luxury cars. There will be plenty of models and makes available. These cars are usually in good shape, sometimes almost new. You will be given VIN reports and history reports, as well, so you can decide on which car to bid and how much.
But don’t get the impression that an impounded car auction is the perfect and foolproof way to get your dream car at the dream price. Even if these auctions start with an extremely low bid, you will not be the only person bidding. Especially for rare and luxury cars, the bids might rise very rapidly. Don’t expect be the only one who had got the idea of bidding at the auto auction. Just like in every auction, the better the item, the higher the bid will go.
Bidding at an auction does not come naturally. You might have to attend a few, and get a feel of the procedure, before you start making bids yourself. Give yourself some time to watch and learn.
Of course, you have to know when and where the impounded car auctions in your area take place. In order to stay up to date, you can join an online auction directory, where you usually get lifetime memberships for a reasonable one time payment. You might even get partial listings of the impounded car auctions at these directories, so if you really do want to get the best deal, this is the best way to go about it.
Find out where are the impounded car auctions taking place right now through my auto blog and drive home your dream car at knock-down prices today.