Everytime I look for a car in the News paper I see these ads that advertise cars for $500, is that true? has anybody ever bought a car at one of these like police inpounded cars auctions? is their real savings? could I get a nice car for under $2000? let me know what you know about these public auctions please
2006-09-28 03:44:51 · 8 answers · asked by EsYoDaddy 2 in Cars & Transportation ➔ Buying & Selling
Yes, I have bought several cars at "public auction".
First though you need to understand that those ads are ripoffs, they will tell you to look in the "notices" area of your newspaper, which is where govt. agencies are required to post notice of their public auction... and they will only tell you that for a price.
Next, the best "public auction" to buy a car at is not the police impound lot, or the National Park service Auction, or even the military surplus auctions. The best kind is to go to the estate auction of the little old lady from down the street. Every antique dealer in 3 counties will be there but nobody wants the 1985 Toyota Corolla with 1800 miles on it, yes you can get it for under $2K and put 150K miles on it and still sell it for as much as you paid for it.
2006-09-28 05:22:34 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Most ADs are fake and will only send you to the a sales network. But some citys like Knoxville hold Auctions to sell of their impounded cars and you can get some good deals there sometimes.
2006-09-28 04:56:27 · answer #2 · answered by David S 1 · 0⤊ 0⤋
go to firstgov.gov and type "auction" into the search bar it will come up with many different government auctions many of wich little or no people show up to and or know about so it is possible to pick up a good deal. you can also see what sold and for how much at past auctions in most cases.
2006-09-28 03:52:50 · answer #3 · answered by diesmart2006 2 · 0⤊ 0⤋
do yourself a favor and skip the public auctions. i am a dealer and can tell you that any car that they auction to the public is there because no dealer has purchased it at a dealer auction. you may find a rare good car at one of the auctions, but anything with 100,000 miles or more is AS IS.
2006-09-28 03:49:59 · answer #4 · answered by Cars 4 Sale 3 · 0⤊ 1⤋
How good a deal you get all depends on how many show up to bid!
2006-09-28 03:50:41 · answer #5 · answered by Anarchy99 7 · 0⤊ 0⤋
Here's an article that explains everything about these kinds of auctions:
http://www.leaseguide.com/Articles/carauctions.htm
2006-09-28 03:48:59 · answer #6 · answered by Anonymous · 0⤊ 0⤋
those are cars that are repossessed by the law or sometimes have being in accidents or something like that
2006-09-28 05:22:46 · answer #7 · answered by chuco 5 · 0⤊ 0⤋
I think there is a catch to this. you probably have to pay to get a list of where they are .
2006-09-28 03:53:30 · answer #8 · answered by Tired Old Man 7 · 0⤊ 0⤋