Used Auto Despite what you heard about auction guides or seen in ads, autos at auction typically sell for their fair market value. These auctions attract a variety of buyers, including used car dealers, so bidding is competitive. At many government sales, the items are appraised before the sale and won't be sold if the bidding is too low. It's rare to find high value autos for sale, especially at bargain basement prices. Generally the cars that sell for $500 or less are damaged or junk vehicles purchased for scrap. Auto Auction Scams: Don't be a victim of auto auction scams. Auction listings aren't always what you expect.
Auto auction scams: How many times have you see ads on TV about seized and repossessed autos? The information you buy is readily available for free. And although it's possible to buy cars at auction through foreclosure sales, you won't find the deals they boasted on their advertisements.
The listing you'll receive contains general information about auto auctions and addresses and phone numbers, all of which are available in your phone book. You'll still need to call for details about upcoming auctions. |