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Save Thousands Purchasing Repossessed Autos
By Howard Young, Tue Dec 6th
REQUIREMENTS FOR REPRINT: You have permission to publish thisarticle free of charge in your ezine, newsletter, ebook, printpublication or on your Website ONLY if it remains unchanged andyou include the copyright, author information, and an activelink to the author’s Website (Resource Box) at the end. You maynot use this article in solicited or unsolicited commercialemail. Save Thousands Purchasing Repossessed Autos Copyright © 2005 Howard Young
Before purchasing a new or used car, you may want to considerpurchasing automobiles that are seized by the Government orrepossessed by Banks. The Government and Banks use an auctionprocess selling the car to the highest bidder. Cars often auction off with starting price as low as $100 USDand it is not unusual where you can save up to 90% off the bookvalue of the car. Winning the auction can save you thousands ofdollars or can extend your purchasing power allowing you to buyinto higher class of vehicles. All makes and models from economy to Luxury vehicles areauctioned with clean titles. Currently, CheapCarSearch.com lists over 250,000 vehicles that you can choosefrom. The CheapCarSearch.com Website requires a low membershipfee, but considering the potential savings, it is well worth thecost. CheapCarSeach.com provides a search engine that quickly liststhe cars available in your area. You simply select theautomobile make and enter your zip code and you get a list ofcars by year, model, color and starting bid. You will need to pre-register to participate in the auction.CheapCarSearch.com handles this process and provides you withthe bidding instructions. Each vehicle is assigned an auction number and a location of theauction. You should inspect the vehicle prior to placing the bidand have a good understanding
of the retail blue-book value ofthe car. Edmunds.com is an excellentresource for researching prices and specifications for new andused cars. The Website lists the current dealer retail pricesfor all makes and models. As a goal, you should limit yourhighest bid to about 50% of the dealer retail price. The final bidding price of the auction is determined bycompetition with other bidders. Try not to get caught up in theexcitement of the auction. You may even want to considerattending an auction or two prior to bidding on the car you wantto get a feel for the process. If you are the winning bidder, you will need to settle thepayment with the transaction clerk. You can use cash, check orcredit to settle the bid. Sometimes the Auction Company willoffer financing. Terms and settlement conditions are listed inthe bidding instructions. Read and fully understand the biddingconditions prior to making any bids. After you complete your purchase, you will receive an invoicethat will allow you to drive or ship your new car to your home.The Auction Company will guarantee clean title to your new carand will aid you in making shipping arrangements if you request. Although the auction process is intimidating at first, it iswell worth the trouble since you can save thousands purchasingrepossessed though auctions. ***************************************** Author: Howard YoungAbout: Howard Young is a freelance writer and car buff. Heenjoys driving his BMW 530i. Website: http://www.qtautonews.com***************************************** About the author:Author: Howard Young About: Howard Young is a freelance writerand car buff. He enjoys driving his BMW 530i. Website:http://www.qtautonews.com
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