Public Auto Auctions – Save Thousands

June 20, 2017 Facebook Twitter LinkedIn Google+ Online Auction

What is all this hoorah surrounding public auto auctions? A lot of people easily brush it off as mere hype intended to trick people into thinking they can get cars for cheap, whilst in actual fact they buy junk for very expensive prices.

The truth of the matter is however that if you know where to look and what to look for, you can pick up absolute gems at public auto actions. Forget cash for clunkers – rather save thousands of dollars buying at public auctions where you can still get quality cars at really low prices.

Generally there are two broad categories of public auto auctions. These are private and government auctions.

Private auctions are generally a little more ‘off-limits’ to the general public as opposed to government auctions. Generally it’s more professional dealers that have access to these. Nevertheless you can still find private companies conduction public auto auctions by themselves or through contracted auctioning companies. You’ll find the sellers include finance companies that have repossessed vehicles, car rental companies that are selling their older models as well as car dealers wishing to offload some of their surplus stock.

Alternatively you can focus your efforts on government auctions. These are public auto auction types that many people have successfully used in the past. We know that government nowadays is bigger than it has ever been. This means that there’s a sizable active player in the economy, actively buying and SELLING cars at cheap prices. You can look for federal, state or even local city auctions to pick up that dream car you have in mind. Then there are also a number of agencies that auction seized assets due to criminal investigations, customs seizures, etc.

You are just about guaranteed to find knockout bargains at any of the above mentioned events. Remember however that competition is tight, so be sure to be well prepared for the day of the auction. The industry secret to being successful at these auctions is to be the most knowledgeable guy in the room on all the available stock. If you know the ins and outs of the auto’s that are up for grabs you won’t buy a piece of junk and will focus your efforts on the really good stuff.

So good luck bargain hunting at the public auto auctions!

Jake Johnson is an expert on public auto auctions. He writes and gives advice on issues such as auction techniques and strategy. For more information on public car auctions, visit his website.