Online Car Auctions

Federal Auto Auction

admin — Mon, 18 Aug 2008 13:04:00 +0000

So what is a federal car auction and where can you find them? In recent years you may have heard of people making money from selling cars they buy at auctions, it’s highly likely that a lot of these people are targeting federal car auctions. So what are they and how can you get on the bandwagon?

Ex Government and Reposessed Cars

It’s unbelieveable how big of a deal you can pick up at a local federal car auction. Most of these auctions are designed to sell off old government cars, but more importantly cars reposessed by the government which would normally be impounded.

This is the perfect opportunity for you to pick up some great automobiles at rediculously low prices, sometimes up to 75% off the original purchase price.

Where to Find a Federal Car Auction

Now these auctions don’t happen as regularly as we want and therefore we need to make the most of them. Most of the time they are run by the state and therefore you may be required to travel a way to make it to one, however you can be rest assured it will be well worth the trip.

If you are having trouble finding out when the next federal car auction is going to take place, then I strongly suggest you contact your local town mayor or congress, who will be sure to point you in the right direction. After you visit your first federal car auction, it’s highly likely you will find out the date and location of the next one that is due to take place.

Getting Involved

Like anything, you first need to immerse yourself into the field of car auctions, mainly so you can learn the ropes. If you already have experience in making money from car auctions and you have yet to visit a federal car auction, then I suggest you do so.

There’s a great deal of money to be made due to the fact there are always the hottest deals at federal car auctions. The government has a lot of cars they need to get rid of each quarter, so make sure you jump in there and pick some up for yourself!

If you want to learn more about how YOU can make money from car auctions then click here to visit our Number One recommended service!

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Top Secret Car Secret Review

admin — Thu, 17 Jul 2008 06:08:00 +0000

A lot of people lately have been talking about the course Top Secret Car Secret so I thought I’d just give a review on what it’s all about and what it has to offer. I’ll try and be as unbiased as possible so as to you give you guys the best information I can.

Buyer Tips

Inside Top Secret Car Secret, the first thing I noticed were some pretty handy tips for buyers, in terms of whether or not purchasing or leasing a car will negatively effect your credit rating. The truth is we all know the affect buying a car will have on our future financing. I picked up a couple of good things from this section of the course.

I guess what I got most out of this part of Top Secret Car Secret, was how important it really is to read all contractual information carefully and to make sure you’re not getting screwed over. It really taught me a good lesson.

Although I normally look to purchase from car auctions, I’m starting to see the possibility of making a lot of money from buying dealership based vehicles. When I think about it, I guess I’m more like a private car salesman. My job is to buy and sell cars and where I get them from doesn’t really make a difference, as long as I’m getting them nice and cheap.

Determining How Much The Dealer is Set to Make

Another thing I picked up on which I have never really thought about is, how much the dealer is set to make on the sale of a car. There’s a cool way to determine this which Top Secret Car Secret talks about. I’m not going to spill the beans because I don’t want to get into trouble, but let’s just say it’s a really important thing to learn if you’re looking to save vast amounts on buying a car from a dealership.

It’s something I’m going to start to put into effect immediately and I’ll post my progress on this blog in the future.

Car Buying Tips

Probably the craziest thing about this course are the number of car buying tips, that I never even knew existed. I mean the majority of us, myself included would probably think there’s very little involved when purchasing a car, but this course seems to be full of them.

I guess you really don’t know as much as what you think you know!

Con’s

For me there weren’t a great deal of con’s. I was hoping there was going to be some information about car auctions in there. Maybe some stuff I didn’t already know, but after I finished reading Top Secret Car Secret, I got pretty pumped about using some of the stuff they talk about for myself.

I like buying auctioned cars, but I also like making money whenever I can. So I’ve made it my goal to start thinking about purchasing dealership cars at dirt cheap prices then reselling them myself. I reckon there’s an absolute killing to be made and I’ll keep you all posted on my progress.

I’m going to give Top Secret Car Secret a 9/10. This is just from my experience and I don’t normally give such a high rating, but because there was so much involved which I didn’t originally know about, I felt pretty comfortable with that score.

Click here to go to the official Top Secret Car Secret website

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Online Car Auctions

admin — Sat, 12 Jul 2008 21:31:00 +0000

Online car auctions have recently become increasingly popular with the rapid rise in internet use. Car auctions in general have always been popular, but with the rise of the internet, it’s now breathed light to a new way of bidding on cars. Online car auctions allow you to bid on and purchase auctioned vehicles from the comfort of your own home, what could be better then that?

So there are a number of sites that specialize in allowing visitors to buy and sell cars. If you think about Ebay, then these sites are no different, apart from the fact that all you can buy are vehicles. The process is very simple, if you’re looking to buy on a car, you search for the car, make a bid on it and hopefully yours is the winning bid.

Successfully Winning A Bid

Just like if you were at a car auction, you still have to realize you are competing against other people. Therefore I suggest you stay online right up till the end of the bid, to ensure you are the last person to make a bid. When the reserve is met, the car will be sold, so stick it out, stay online and make sure you are the winner.

Making Money With Online Car Auctions

There are a lot of professional auctioners out there making a lot of money buying car through online car auctions. If you’re looking to do this then the first you need to do is educate yourself. Learn where the best auction sites are, and be consistant about your approach to this type of venture.

There’s nothing worse then making a plan and not sticking to it. Find one site to use for your online auctions and stay with it. It’s very difficult to monitor your bids on several different sites, so find one that suits your needs and monitor your bids at least twice a day.

When I first started out I made this mistake and strangely enough I couldn’t win any bids, even though I was spending 10 hours a day watching over my bids. It was only until a friend told me “why not just stick to one site?” that I finally started winning bids on cars that you would normally pay 50% more for at a dealership!

I now always follow this method using www.car-auction.com and I’ve had some great success with it. Find yourself one online car auctions site and stick with it, you’ll be glad you did.

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Car Auctions: Where The Big Deals Are Made

admin — Mon, 07 Jul 2008 12:29:00 +0000

Car auctions work like most other auctions: You have an auctioneer and bidders. Sellers of auctioned cars can be anyone from car dealers to car lease companies to credit lenders to law enforcement agencies. We often hear about the great deals people have gotten at car auctions..

We often hear about the great deals people have gotten at car auctions, but few of us really know much about them, much less have attended one. Car auctions work like most other auctions: You have an auctioneer and bidders. Sellers of auctioned cars can be anyone from car dealers to car lease companies to credit lenders to law enforcement agencies. The bidders in the auctions are usually car dealers, car collectors, and private individuals. In some cases, private auctions are held just for dealers or collectors who are invited. The person with the highest bid wins the auction for the item being bid on at the time. All bids form a binding agreement. All auction sales are final, unless otherwise stated.

One of the most common types of car auctions are the ones held by car lease companies. Once a car becomes one to five years old, depending on the car model and the lease company, the car lease company will typically stop leasing the car and instead try to sell it. In many cases, the car lease company chooses to auction the car off because it does not specialize in car sales and it is inefficient for the lease company to try to put the car out on a lot and try to sell it themselves. A car lease company’s best buyers at these car auctions are typically car dealers who do specialize in selling cars. In these cases, the car lease company benefits by getting quick cash for the car and not having to pay for storage, upkeep and sales people. The car dealer benefits by getting a relatively new car that has been well-maintained that it can sell at a decent markup.

However, sometimes it is the car dealers themselves who hold car auctions. This generally occurs when they are running out of space on their sales lots and they want to use that space for cars that sell either more quickly or at a higher profit margin. In these situations, the car dealer will be able to get rid of the car quickly by putting it in an auction and use the cash flow to put more current inventory on the car lot. It is not uncommon for the seller and bidders to all be car dealers.

The most talked about types of car auctions among the general public are government car auctions. That is because the government regularly seizes vehicles involved in felony offenses. These cars come in more varying conditions than cars from other types of auctions. Many of these cars have been highly customized and tweaked. These are the auctions you hear about where a bidder shows up and puts in a small bid and suddenly finds himself with a new car. While this is not the normal situation anymore, it does still frequently occur.

For a variety of reasons, increasingly larger vehicles are showing up in car auctions. It is not so unexpected to see a large diesel truck or recreational vehicle auctioned off at a car auction these days. These often provide a much better deal than small cars as there are fewer bidders there for these types of vehicles.

Before you go to a car auction, make sure you find out what the rules are for that auction. Some car auctions allow you to inspect the cars before the auction takes place. You should take advantage of this or you will get fleeced because other bidders will have a mechanic look them over in most cases. Other auctions do not allow pre-inspection. Be wary of how much you bid in these auctions as good cars usually aren’t put in these types of auctions. Much of the information about various auctions and their rules and schedules is posted on the Internet.

Terry Bolton is an internet publisher of automotive stuff. Read his useful and popular articles about getting cheap used car loans online and how to buy a used car cheap

By Terry Bolton
Published: 12/15/2007

car auctions

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