One
of the most important things you can do to purchase a used car
at bargain prices is to do your homework. You should check your
local classified ads and see what the asking price is for the
type of vehicle that you are in the market for. Make sure to get
the high and low Blue Book Price on the vehicle that you are interested
in. Here are some excellent sources for getting pricing:
YahooAutos - www.yahooautos.com
EDMUNDS - www.edmunds.com
Other resources to check with is CARFAX. They
can supply you with the vehicle history report. The National Highway
Traffic Safety Administration has a research area to check recall
history on cars. We recommend that you have the vehicle you are
interested in purchasing be inspected by your own mechanic prior
to purchase.
Newspaper Classified Ads are a excellent place
to find cars at well below retail prices. Many times, people take
their cars to dealers for trade ins and are offered below wholesale
prices. Many of these people will be happy to several hundreds
more that what was quoted by the dealer and you will end up with
an EXCELLENT BUY!
Online Auctions can be a great place to find
bargains. You can shop right from the comfort of your own home.
Look for auctions with no reserve, these auctions don’t
have a minimum price before they will sell.
Public Car Auctions are open to the general public
and do not require you to have a Dealer’s License. Public
auctions can be an excellent place to purchase cars at wholesale
prices. Some of these auctions are: Auction Repossessions of Credit
Unions, Banks & Lending Institutions. Some public auctions
also auction Police and Local Municipalities, City, State, &
County vehicles.
Estate and Bankruptcy Auctions can be a very
good place to purchase vehicles at wholesale prices. These auctions
are usually advertised in newspaper classified section or handled
by Probate Estate Auctioneers.
Government Auctions are an excellent source for
bargin vehicles. They include vehicles from DEA drug raid seizures,
FBI, IRS, U.S. Customs Auctions, Department of Defense, General
Services Auctions, Resolution Trust Corporation, Department of
Housing and Urban Development, and U.S. Postal Services.
Rental Car Companies often sell their fleets
of cars by auction. They can be a great source of cars. Contact
these large companies and inquire.
Dealer Auctions can be one of the best sources
to cars at below wholesale prices. Most of these auctions require
that you have a dealer’s license. These auctions include
lease cars, trade-ins, rentals, and fleet vehicles.
|