Car Auctions

Car Auction Find out what fees you will pay on top of your Car Auctions

This is about Car auctions where the cars are the most ordinary of ordinary vehicles Ford Crown Victorias coming off six years of patrol duty with the county sheriff's department. Toyota Tercels with so much mileage that their odometers have worn off the printed numerals. Plain sedans, base model pickups and early '90s Pontiac Firebirds confiscated in drug stings. Cars you can get cheap maybe.

Interest in these auctions has boomed as the economy stays stagnated and credit rules have tightened. Buyers who formerly could qualify for auto loans on new or solid used cars now find they need to shop with cash. But the United States is a country built around the automobile, and it's a lot easier to get a job if you have a car to drive to the interview, so for many people car auctions are a way to fill the need.

There are two types of public auctions, explains Steven Lang, who runs a used car dealership in the Atlanta area and once owned a dealer auction not open to the public. There are government auctions and there are public auctions. Both are full of potential pitfalls. Here's a quick rundown on both and 10 tips for getting the most out of either. That is, if you dare to venture into the auction pit.

Online auctions like eBay are an entirely different beast, and through the use of independent inspection services, maybe even a safer bet. But that's a subject for another time. And for those of you bidding in a televised auction, we do have one piece of advice Don't get so excited that you spill your mimosa.

Government Auctions

At a government auction it's, say, a county that has 30 or 40 police cruisers it needs to get rid of. And they want to sell all of it, All the vehicles have known histories how they were maintained, used and fixed, and their mileage is virtually always honest. You'll know what you're getting." Still, you don't get to drive a car before you bid on it. So you'd better have a sharp eye. Make that a sharp, trained, cynical, wary, pessimistic and rabidly suspicious eye.

But the competition at county auctions is brutal and it's only getting stronger. Taxi companies want the old cruisers to use as cabs, And often there are government employees who are going after a vehicle that they used on the job and grew fond of. A lot of the school buses and trucks get bought by brokers looking to ship them overseas to poorer countries that will use them for public transportation. These are guys who go to government auctions all the time, know what to pay and know a lemon when they see it. You won't be the only bargain hunter out there.

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