Welcome!

News Feed Item

How to Find Car Auctions, Save Big, and Avoid Scams

Auto Auctions, Car Auctions, Public Auto Auctions, Vehicle Auctions

LOS ANGELES, Jan. 13, 2014 /PRNewswire-iReach/ -- Online auto auctions are some of the best places to get quality used vehicles for cheap. There are plenty of websites out there that let you search and bid in these auctions, making the whole process a lot easier. Since some of these sites are unreliable or even straight up scams, it's best to know something about how they work prior to using them. This article will:

Give you a rundown on what different types of used cars auctions are and how they work.
Vanish some myths about auctions.
Explain why certain sites should be avoided.
Provide information about the most reliable auction sites on the web.

(Photo: http://photos.prnewswire.com/prnh/20140113/MN44869)

What are government and police auctions?

Legally, government agencies must open any surplus or seized items for sale to the public. That means that whenever the police or customs has seized vehicles, whenever the military has surplus car parts, or whenever a home goes into foreclosure due to loan default, those items and properties are open to be bought at auction by you. Since they must be sold, you can often find quality items, like cars, trucks, and other vehicles, for way less than their usual market price.

What are Fleet Lease, Bank Owned or a Repossessed car auctions?
Another great source of buying a good quality car from an auction are the auctions, which sell fleet lease cars, or bank owned cars or repossessed cars. We will define all of them for you here:
Bank of financial institution cars are the cars returned back to the banks or financial institution as a lease trade in or simply because people are not able to make payments on their car loans. Usually banks and financial institutions are auctioning such vehicles
Fleet Lease cars are the cars which been owned by companies for business purposes such as Rental companies cars, or construction companies cars or taxi cars, or any type of cars used for business. Companies at an interval of 5 years usually change these cars and they sell them at auto auctions.
Repossessed cars are the cars which been taken from people which where delinquent on their car loan payments. Dealers or Repo Companies are required to sell the repo cars at auto auctions.

What are Tow Auctions?

Several hundred thousand vehicles are impounded in each city every year. Of these, around two-thirds are redeemed by the owners, but the rest of the cars become city property and are divested through public car auctions.

How do I find car auctions?

Government, police, tow, bank, repo, fleet lease auctions happen all across the continent, at many different times, and by many different methods. That being said, you do not need to pay to get access to auction listings. Federal, state, and local governments and banks, financial institutions and repo companies list all their auction information online for free.

Is it actually possible to get a brand new Mercedes for $50?

Sure it's possible, but it's about as possible as that brand new Mercedes being a flying car and take to to the moon. Finding vehicles and other items at a fraction of their market price, however, is not just possible - it's very likely. Since these items are acquired at no cost, like seized items, or at a considerable discount, like surplus items, the agencies selling them just want to get whatever money they can for them. The prices vary from auction to auction, but every one will have cars priced way below market cost.

What's the "secret" to getting the best deals from these car auctions?

Sorry to break it to you, but there are no amazing, brilliant, fix-all secrets to getting the best deals, and any site that says otherwise is just trying to coax you into spending money to become a member on their site. Your best friend when looking for deals is your common sense. Use that and research the market value of the vehicle you're buying, and you'll be cruising in a quality vehicle in no time, with minimal impact on your wallet. It may be impossible to get a full, independent inspection on an auction vehicle, but it is even more important than usual to get a vehicle history report, the most important step to protect you when buying any used car!

How can I tell if an auction site is unreliable or a scam?

To save you the time of going through such a hassle, we have personally checked the reliability of a number of auction sites by buying memberships, and the only one that we would recommend to you is Repokar.com. Most other sites we found, even those recommended by other supposed authorities, turned out to be either a waste of money or an outright scam. Some charged $40 a month to show eBay listings. Others had actually falsified legally-required contact information for their website domains, and were impossible to contact by phone or email. A few were legitimate, but charged too much and offered too little, and none had a free trial.

So, we strongly recommend you stick with Repokar.com, which we have personally verified to be a great site with Free Membership for buyers. But if you find another site that seems promising and want to check it out, be sure to:

Try contacting them before giving them any money. Having a working phone number doesn't guarantee a site is good, but not having one is sure sign to stay away.

Check them out on the Better Business Bureau. I would avoid any company with a rating below A-.

Repokar.com  lists auctions from federal agencies, banks, insurance companies, fleet lease companies. You can find a list of every state's car auction inventory here, and you can do a search for auction information by seller type, buy make and model and by city and state.

Where should I look for vehicle auctions? 

There is a wide variety of auction sites on the web. Repokar.com and eBay Motors are some of the best options available to you.

Media Contact: Ally Trust, USA Link System, 2134228011, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Repokar.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, attendees learned about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how ...
President Obama recently announced the launch of a new national awareness campaign to "encourage more Americans to move beyond passwords – adding an extra layer of security like a fingerprint or codes sent to your cellphone." The shift from single passwords to multi-factor authentication couldn’t be timelier or more strategic. This session will focus on why passwords alone are no longer effective, and why the time to act is now. In his session at 19th Cloud Expo, Chris Webber, security strateg...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
"At ROHA we develop an app called Catcha. It was developed after we spent a year meeting with, talking to, interacting with senior citizens watching them use their smartphones and talking to them about how they use their smartphones so we could get to know their smartphone behavior," explained Dave Woods, Chief Innovation Officer at ROHA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
Cloud Expo, Inc. has announced today that Andi Mann returns to 'DevOps at Cloud Expo 2017' as Conference Chair The @DevOpsSummit at Cloud Expo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great t...
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band-aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It does...
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Dave McCarthy, Director of Products at Bsquare Corporation; Alan Williamson, Principal...
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We analyze the video streaming experience. We are gathering the user behavior in real time from the user devices and we analyze how users experience the video streaming," explained Eric Kim, Founder and CEO at Streamlyzer, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
"We are a modern development application platform and we have a suite of products that allow you to application release automation, we do version control, and we do application life cycle management," explained Flint Brenton, CEO of CollabNet, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.