Are There Legitimate Online Government Auto Auctions Out There?
“Do NOT Subscribe to and Bid on Online Government Auto Auctions until you read this”
Have you ever been scammed by a online seized vehicle auction site that promised you more great deals than anyone else? The promotion was great but in the end, after they had your money, there were very few real deals on vehicles that met your needs.
I have tried out many repossessed, police seized and government auction sites that I have found online. In most cases, the sites did not live up to the hype. Most seem to be looking for the quick sale and just don’t have the inventory they promise. To me that is a scam. Most of these sites refunded the money when I asked for it, but some didn’t even live up to that promise.
There are however a few very good, car auction sites online. They provide great deals and will get you your next car for pennies on the dollar. They will however take some effort on your part. Read on to find our how to make sure you get the best deal you can.
When it comes to car auction sites, I have found that you can indeed find what you’re looking for and you can expect to pay as little as 25 cents on the dollar or less for your car if you do the research first, stick to your numbers and above all be patient for the right deal. To do this, it’s best to stick to the 4 top sites that are far superior to the rest. They have more auctions, more cars and more support. They operate with integrity. If you browse these sites consistently, and if you remain patient, your car will become available at the right price within a few weeks, whether it’s a Hummer, Honda or Harley – it’s out there, trust me.
Rule #1 regarding online auction sites, and auctions in general is to start with a solid plan. In other words research the vehicle you are interested in at sites like Edmunds or Kelley Blue Book. These sites will give you all the information you need to determine value. Know your car inside and out and how options, mileage and condition effect market value. They stick with what you learned. If you have researched a Honda, don’t start bidding on a Hummer just because it seems to be a good deal. You have to absolutely know a great deal when you see one. Once you complete the research you will be efficient and confident and that will lead to better bidding and a great buy.
When you’ve determined a fair value for the car you want, take that information and see if similar cars have sold for that price at one of the top auction sites. This sanity check will tell you if you have made sound decisions about the price you want to pay. This can often translate into 60% to 70% or more off blue book value. Then, if necessary, adjust and set a goal price for your search and stick to it. Stick to your goals as long as they are reasonable. There is no reason to sway from your research. Don’t overbid and don’t chase auctions.
Armed with this advice, read about the 4 best government auto auction sites you should consider when conducting your search. I have rated several seized vehicle auctions here that rated 4 out of 5 stars or better
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