The Benefits of Public Auto Auctions

June 11, 2017 Facebook Twitter LinkedIn Google+ Online Auction

Many people still have no idea what public auto auctions are all about. Even though the name itself connotes the purpose quite obviously, a lot of people do not fully appreciate the bargains these public auto auctions are giving. They think that the automobiles sold in these events are either too old or totally wrecked. In reality, there are indeed vehicles that are too old or wrecked being sold. However, there are some good ones being sold as well. You can actually purchase a 1-2 year old automobile for as low as 90% off its original market value. That is quite a bargain, right?

In Lauderdale Lakes, Florida, authorities there allow citizens to purchase used or salvaged cars at very low prices. These vehicles are sold cheaply because you have to make certain repairs. But still, the prices of these products are definitely very low. There are some instances wherein the cars being sold in one of these public auto auctions are slightly used. You have to bear in mind that the price of the commodity is dependent on several factors. The factors are as follows: model of the car, car type, mileage, and years from the original time of purchase. Since the event is an auction, the end price will squarely depend on the bidders themselves. Even though there is a slight possibility that the price may become bigger, the starting price will always be small. Besides, no sane man would want to pay too much for something that was used already, not unless it is a collectible.

Before you participate in these public auto auctions, you have to do a lot of preparation. First, you will need to know the original market value of the automobiles being sold. You do not want to end up paying for something that is not that valuable. Secondly, you have to know the mileage, type, and the number of years of the car. You also have to know the reason why the car that you like is being sold in these events. This is very crucial so that you can determine the extent of the damage as well as the repairs you are going to do. Lastly, try to know if the public auto auctions you are planning to attend have good reputations. You can always check with your local government agencies or your friends. You can also check with their websites and check for any negative feedback.

These sales events are excellent places to get cheap and awesome cars. The possibilities are endless. If you cannot pick a car in a current event, you can always try the next one. As long as there is a government, public auto auctions will always be there for you.

Uncover useful tips on public car auctions such as where to find cheap public car auctions near your home.

This video shows a live public auto auction. I attended because there was a Volvo V70 there and I wanted to see how the auction went and what the cars sold for. The process was kind of fast pace and cars sold pretty cheap.

Some of the proceeds went to a non-profit organization that support a sister organization of the Ronald McDonald house.

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