What Exactly Is An Auto Auction?
You can find cheap used trucks at most auto auctions -- a variety of auction that pushes only vehicles like cars, trucks, SUV's, and more. Several millions of cars find new homes every year thanks to these types of auctions. Unfortunately, most are reserved for dealerships looking for new products to sell, but there are others that do cater to the public. Online auctions are also starting to gain popularity, for instance through eBay.
Super Low Prices Truth or Myth?
You can definitely find some remarkably low prices at auto auctions. You can bag some cheap used trucks and drive them off the lot for up to 90% off the original price -- these are inevitably going to be repossessed vehicles, but hey, any port in a storm, right?
That being said, most dealers go out of their way to make sure this happens as rarely as possible, typically through the use of "reserve pricing." What this term means is essentially that dealers will only consider winning bids if they meet or exceed the reserve price, which is determined prior to the auction.
The other problem with car auctions is that the prices can just as easily go up as they can drop down. That being said, buying your dream car for peanuts at a vehicle auction certainly is not impossible, but don't expect it.
Auto Auction Locations
There are auto auctions taking place across the country every single day. Police departments, Federal and government agencies, and auction houses sponsored in private can all house vehicle auctions. The schedule of such auctions are typically announced through website posts, in your local newspaper, offices of participating agencies, and even company brochures. If you're interested, find one near you and try attending. There's no harm in trying to find that car you've been fiending for, is there?
Registration Required
A registration fee is required to enter an auto auction. You can pay this fee at the door before you are allowed in on the day of the event, so it's not overly inconvenient.
Things To Consider
It's important to consider that any car you buy in an auction is not going to carry an "in house" warranty like a dealership would. Any manufacturer warranty would still apply, though.
Do These Vehicles Actually Work?
Good question. If you're interested in a vehicle, you can't actually test drive it like you could at a dealer's location, but any bidders who would like to can test the engine, air conditioning, heat and numerous other accessories while the engine is running. At least you'll know the engine turns on when you twist the key.
How Do You Pay For A Cheap Used Truck You Buy At The Auction?
Auction vehicles usually are paid for the same way you buy anything else: check, cash or credit card. Check with the house where the event is held for any special instructions, if there is any, or what forms of payment are taken.
Honesty Is The Best Policy
If you win your auction, you are bound by legal contract to shell out the cash you agreed to over a certain amount of time. If you for some reason are unable to pay, you'll wind up picking up penalties and additional fees dictated by the sale conditions of the seller. - 29952
You can find cheap used trucks at most auto auctions -- a variety of auction that pushes only vehicles like cars, trucks, SUV's, and more. Several millions of cars find new homes every year thanks to these types of auctions. Unfortunately, most are reserved for dealerships looking for new products to sell, but there are others that do cater to the public. Online auctions are also starting to gain popularity, for instance through eBay.
Super Low Prices Truth or Myth?
You can definitely find some remarkably low prices at auto auctions. You can bag some cheap used trucks and drive them off the lot for up to 90% off the original price -- these are inevitably going to be repossessed vehicles, but hey, any port in a storm, right?
That being said, most dealers go out of their way to make sure this happens as rarely as possible, typically through the use of "reserve pricing." What this term means is essentially that dealers will only consider winning bids if they meet or exceed the reserve price, which is determined prior to the auction.
The other problem with car auctions is that the prices can just as easily go up as they can drop down. That being said, buying your dream car for peanuts at a vehicle auction certainly is not impossible, but don't expect it.
Auto Auction Locations
There are auto auctions taking place across the country every single day. Police departments, Federal and government agencies, and auction houses sponsored in private can all house vehicle auctions. The schedule of such auctions are typically announced through website posts, in your local newspaper, offices of participating agencies, and even company brochures. If you're interested, find one near you and try attending. There's no harm in trying to find that car you've been fiending for, is there?
Registration Required
A registration fee is required to enter an auto auction. You can pay this fee at the door before you are allowed in on the day of the event, so it's not overly inconvenient.
Things To Consider
It's important to consider that any car you buy in an auction is not going to carry an "in house" warranty like a dealership would. Any manufacturer warranty would still apply, though.
Do These Vehicles Actually Work?
Good question. If you're interested in a vehicle, you can't actually test drive it like you could at a dealer's location, but any bidders who would like to can test the engine, air conditioning, heat and numerous other accessories while the engine is running. At least you'll know the engine turns on when you twist the key.
How Do You Pay For A Cheap Used Truck You Buy At The Auction?
Auction vehicles usually are paid for the same way you buy anything else: check, cash or credit card. Check with the house where the event is held for any special instructions, if there is any, or what forms of payment are taken.
Honesty Is The Best Policy
If you win your auction, you are bound by legal contract to shell out the cash you agreed to over a certain amount of time. If you for some reason are unable to pay, you'll wind up picking up penalties and additional fees dictated by the sale conditions of the seller. - 29952
About the Author:
Are you looking for cheap used trucks to drive? If the answer is yes, why not visit second-hand truck auctions near you and compare them with bargain prices you find online. Before buying anything as major as a vehicle online, take some time to get to know the seller and how they do business. Make sure you only do business with a trusted web source with a proven track record.
