Car Auctions are an easy way of getting cars that have been salvaged, repossessed, or bargain used cars. Car auction allows car dealers to
compete against each other for the lowest car price. Car Auctions have been around for years and dealers get a lot of stock from auctions.
Upon car auction completion buyer and seller may contact each if they still want to proceed with the car purchase/sale.
Car-Auction has a database full of thousands of
different repo and government cars just waiting for you to bid on. It is a unique website that searches through different government
auctions where you can bid on repossessed or seized cars.
http://www.car-auctions.multiple-search.com
Repossessed vehicles can feasibly sell for less because the financial institution disposing of them only seeks to offset its losses (also
restricted by federal regulations).
How to bid?
Bid with your brain, not your heart. Bidding and purchasing directly from the authorized car dealer auction means reasonable prices, a
large variety of quality cars to choose from, and a reliable car condition grading system. Bids on new and used repossessed and fleet
vehicles start as low as $100. By buying direct from a Government auction, it is often possible to buy jeeps for as low as $62.
href=”http://www.car-auctions.multiple-search.com> http://www.car-auctions.multiple-search.com
Make
buying your new car fun by purchasing through government & surplus auctions. Bids must be received by auction end date and time. Bids can
be brought into credit union, dropped in drop box, or mailed to the credit union You must Download Bid Form.
Tags: Auction Auction, Auction Opportunities, Auction Service, Auction View, Auto Auction, Car Purchase, Composite Prices, Factory Warranty, Government Auctions, Irs Auctions, Local Auctions, Lowest Car Price, Online Car Auction, Online Car Auctions, Other Vehicles, Police Impounds, Repossessed Vehicles, Residual Value, True Market Value, Value CarRelated posts
What To Do Before Buying That New Car Or Truck
Ahhhh, that new car smell…
It’s great isn’t it? But it comes at a premium. We all know that it’s cheaper to buy used instead of new, but if you still don’t think you can live without that fragrance of a new car (the real one, not the one you buy from Wal-Mart in the little spray can) – then at least think about following these steps first:
1. Research! If you absolutely have to have a new car, do yourself a favor and spend some time at Edmunds.com and research some of the cars that you are thinking about buying. If you have a specific car in mind already, be sure to research the other cars in its class as well. You might even find another one you like better and is rated higher from consumers, has higher crash test scores, better resale value, higher mpg’s, or whatever else floats your boat.
2. Once you have decided on a car, Edmunds has a great feature for pricing – it’s called True Market Value. That is basically how much other people are paying for that specific car. This can give you great leverage when negotiating the price on your new vehicle. But you also must keep in mind that it’s not a definite price level, but more of a guide for haggling with the salesman about the price.
3. Dare I say the “L” word? Loan! There I said it, whew. Once you have settled on a fair price for the vehicle you are buying, it’s time to think about how you’re going to pay for it. Since most of us don’t pay cash for new cars, most likely you’ll need to obtain a loan for your new ride. If so, then you need to pay close attention to the interest rate on the loan. This is not something that can normally be negotiated, but you still need to be aware of what your interest rate will be – even 1 percentage point lower can save you over $700 on an average priced new vehicle, over the life of the loan.
My advice on this would be to go after those low APR loan offers that the dealerships sometimes have. You know, the “buy now and receive 2.9% apr for up to 60 months” type of offers. That can save you some big bucks, lets take a closer look…
How much money can lower interest save?
Ok, lets use an interest rate comparison loan calculator and plug in some numbers, and see what we get.
Example 1 – lets say it’s for a Chevy Impala:
Loan amount: $25,000
Regular interest rate: 6.9%
Special low interest rate: 3.9%
Loan length: 5 years
Total savings with lower rate: $2,073.94
That’s right, for this example the lower interest rate would save you more than $2k over the 5 year length of the loan. That money would be much better off sitting in an interest bearing bank account, don’t you think? Just for kicks, lets do a higher priced vehicle with the same comparison criteria…
Example 2 – Let’s say you want a Tahoe instead:
Loan amount: $45,000
Regular interest rate: 6.9%
Special low interest rate: 3.9%
Loan length: 5 years
Total savings with lower rate: $3,733.08
With example 2, you would save almost $4k in interest over the life of the loan. That would be a nice down payment on your next vehicle don’t you think?
There are many different things that factor in to what vehicle you actually end up purchasing – comfort, resale value, safety, style etc. Just make sure you add “research” and “interest rate” to that list, and stay informed!
Tags: Buying Car, Consumers, Crash Test, Definite Price, Edmunds, Fragrance, Interest Rate, L Word, Leverage, Low Apr Loan, Mpg, New Car, New Cars, Percentage Point, Resale Value, T Pay, Test Scores, True Market Value, True Value, Wal Mart