hey guys just wondering if anybody here has tried government auctions websites.
like at http://www.toptentopdens.com/auctions.html
They reckon you can get up to 95% off retail price because they are seized cars and they give them away cheep coz it cost to much to store them.
Is this crap or have any of you guys saved heeps buying cars this way?
2006-12-11 01:25:47 · 3 answers · asked by bob m 2 in Cars & Transportation ➔ Buying & Selling
its a line of crap
2006-12-11 03:26:55 · answer #1 · answered by bayareart1 6 · 0⤊ 0⤋
If it does happen its rare! I have been in the car auction business for several years and have not seen any incredible deals like the one you mention, not to say that it dosen't happen...it's just really really rare. Purchasing a car at auction is all about time and place. And these government auctions are real, but the prices can quickly rise due to everyone at the auction wants a "good deal". Alot of what you have found on the web are just business's that want to charge you money for a list of government auctions. This can be had for free just by checking your local newspaper or contacting your city hall! But, what you are paying for is the ability to not have to pick up the phone or the paper or do any reasearch, except give those people your money and let them tell you where the auctions are. By the way, the government auctions alot of things like, homes (some very fancy, some rat infested), machinery, electronics,... etc.
2006-12-11 01:54:49 · answer #2 · answered by chris 2 · 2⤊ 0⤋
In my younger days I believed everything that I read too.
Went to a govt. auction a couple of times. Once was a govt. seisure auction, they had this 2 yr old Toyota Celica advertised, and after all "govt. auction" right??!!
Well sure enough that car which would have been worth about 10K on a lot somewhere, went for $250 Good deal right? Well I was one of 50 bidders there, the bidding started at $250 and ended at $250, because what they didn't tell you is that the car was "siezed" at the bottom of a lake. Nobody knew how long it had been there, but there was not a drop of oil left in the oil pan... just brown murkey water....
Then again went to a "govt. surplus" auction, bought a couple of old Plymouth station wagons for $100 each and sold them within a week for $1000.
The deals are there, but you have to know what you are doing and the "great deal" is often the worst deal.
2006-12-11 04:22:44 · answer #3 · answered by Anonymous · 3⤊ 0⤋