| You hear the ads and see the commercials on | | | | worth $8,000. You just lost $2,000 plus the licensing |
| television. They all claim you can get a heck of a deal | | | | fee. Congratulations on your clunker! Doing your |
| by buying seized cars at auctions and then using them | | | | homework helps you avoid this situation. |
| or reselling them. The question is whether this is true or | | | | The first piece of homework you need to consider is |
| just another marketing slogan being spouted about on | | | | the inventory list. Some auctions will provide it before |
| the airwaves? | | | | hand. This makes life easy as you can create a high |
| The answer to this question is that you can get a steal | | | | low valuation for each car you are interested in. |
| of a deal on a car at an auction. That being said, you | | | | Unfortunately, most auctions don't kick out these |
| need to do some homework and keep your head. | | | | inventories. You just show up and see everything for |
| You need to know the value of cars both from a blue | | | | the first time. In these situations, you must have a |
| book perspective and from a practical resale | | | | mobile phone that can search the web. Why? Head |
| perspective. For instance, a Pontiac might be on sale | | | | over to Kelly's blue book site and pull up valuations on |
| that is a great deal from a blue book perspective, but it | | | | the spot for cars you are interested in! This will give |
| is going to be hard to sell since GM has closed down | | | | you a huge advantage over your competitors, but |
| the line! | | | | don't be surprised to see them staring at their phones |
| So, what are we talking about when we say | | | | as well! |
| homework? Well, most people are going to lose | | | | Can you get a steal at a car auction? Absolutely. You |
| money on cars they purchase at auctions if they rely | | | | can also get some really bad deals. The key to getting |
| on their emotions. A Jag for $10,000 that is only four | | | | a steal is to be prepared, calm and do your homework! |
| years old? What a deal! Umm, no. Actually, it is only | | | | |