Second hand cars can be purchased by going to the local dealer, looking at the classified ads or checking out the various websites that allow a person to search and buy a car online.
There are two reasons why used cars are cheaper. The first is that cars once purchased and driven off a lot immediately depreciate. Annually, these cars lose about 20% in value making it easy for you to buy a second hand car almost at half the original price.
Another reason is that it is hard to buy a car and pay the full payment up front. By acquiring the services of a financial institution such as a bank, a person can pay off the loan through monthly installments. Unfortunately, some people have failed to honor that commitment which leaves the financial institutions no choice but to have the car repossessed.
For the bank to avoid storing the many cars that have been repossessed and make up for the lost money, these cars are auctioned off immediately which make it easy for some lucky people to buy fairly new cars and prevent being taken advantage of by car dealers.
Before buying a car, it is best to think about the kind of car you are willing to spend for and the options that come with it. By doing some research and checking out various dealers, you will be able to pick the right car and get the best deal.
You should also check the history of the car. This can be checked by going online and typing in the vehicle identification number or VIN. This can help verify the accidents the car has been in, if the car was reported stolen and the previous owner of the vehicle. It can also check if the mileage was rolled back.
Most cars have a maintenance record. The buyer must ask the dealer to see it and if it is not available, then you should contact the dealership or repair shop where most of the work was done.
The car should also be test driven on the road at various conditions and checked by a trusted and reputable mechanic just to be safe that the car you will buy is road worthy.
Most important of all, you should ask about the warranty. If there are some things not covered by it, it is best to get a service contract to be safe.
The impounded vehicles found at a typical police impound car auction are all repossessed or lost automobiles. They are either confiscated or repossessed from tax defaulters or those who refuse to pay off their traffic fines. Lost vehicles that are not claimed within a week will be auctioned away.
Condition of the Vehicles
The government takes good care of these vehicles. After all, the condition affects the price. Many of them are still quite new and are range from a few months to several years old. You do find some old vintage ones. Regarding buying at the local police car auctions, there is one setback in that you are not offered any warranty. You buy the automobile in its condition and there will be no refunds should anything go wrong.
However, this little risk is easily offset by the rock bottom price you pay. The cars there can go for as low as $200. Yes, and it is no joke.
Buying Tips
1. Locating the Local Police Car Auctions - It is not always easy since they are not heavily publicized or advertised. You may have to make some calls or visit the websites of the government agencies in particular to the enforcement departments such as the sheriff's office and DEA.
2. Register to Bid - Do not forget to register to bid. Only those registered bidders can participate in an auction like this.
3. Find Out the Vehicle Identification Number (VIN) - Try to get hold of this numbers and do a cross reference via the CarFax site. There, you can get to trace the history of the vehicle such as the registration date, ex owners and whether it was involved in a major accident.
4. Go Early - Turn up as early as you can. Be the first to view the impounded vehicles. It allows you the space and time for consideration and shortlisting the ones you intend to bid.
5. Ask a Qualified Mechanic Along - Since you cannot test drive the automobile, at least let a mechanic run through the different parts and offer you sound advice on the condition of the car you are bidding on. A friend who is good with cars is also good.
Finally, take action today and get ready to drive home your dream wheels from the local police car auctions.
Both Jc Schwartz & Davion W are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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