Are seized car auctions worthwhile?

I've heard they're so dominated by dealers, a private buyer looking to buy a car to flip stands little to no chance.

How much is my Toyota Corolla Sportif worth? It's a 3 door hatchback, 1332 cc, 126000 miles on the clock?


Are these auctions a waste of time for someone without the resources of a large dealership?

Answers:

I've heard that women run the risk of being duped by a car salesman when going to...?

Be very careful, these cars are often thrashed, with maintenance and repairs often neglected, they are hard to test in an auction complex, and the auction houses reports are often wrong, I have seen one car thats report said the trans was perfect, start slipping as the new owner drove out the gate, unless u have someone who is a mechanical genius and can find faults in a car without it running or moving, be prepared for repair bills.
When I buy from the auctions, I first consider what I would pay for that model car privately, I then remove the cost of any repairs I can see on the auction car, I then delete another $800 for the cost of replacing a motor or trans, (worst scenario.) and wont bid over that figure.

What is the best used car to purchase for the least amount of money?


I have found the best way to buy a car for resale is: local papers, you can test drive them, owner has all repair/maintenance records, and are open to offers, takes longer but does increase your profit at the end of the day
E-bay, but don't just look at the photos, arrange to inspect the car, stay local, transportation is expensive.
The last 2 cars I have bought on e-bay, and am happy with both.
Car yards, check their trade ins that they are selling on, but don't buy at their price, last car I bought from a yard they wanted $2000, I could buy a tidy one on the road for $3600, this one needed $1000 worth of work, I offered $1200, after an hour of bartering I got it for my price, spent the $1000 and sold it on for $3800, but did spend 1 month of my spare time getting it ready for sale.
I have been buying and selling cars as a hobby for 30 years, there is very little profit to be made, a poor choice can see you selling the car at a loss, be very careful.

Credit needed to assume a car Lease?

Well, they could be very usefull , Car-Auction has a database full of thousands of different repo cars http://carauctions.deals-guide.com/... , you will find great cars in your area could save you money
More Questions & Answers ...

  • What if i bought a car which is still under finance (not my name)? Can I resell it?
  • I need serious help on a car rental!!?
  • 2007 Audi A4 Or Infiniti M35?
  • Can you RECOMMEND me a car for 7-9 PEOPLE?
  • What "special offers" (customer cash) has Toyota offered in the past year or so?
  • Which Used Lexus Would You Buy? ES300, RX300 OR GS430?
  • If you purchase a car in Nov. should the ball joints need replacing in Dec.?
  • Can you transfer your auto loan?
  • Do you own a 1999 Jeep Grand Cherokee LIMITED 4X4?
  • Better to lease a new car or buy a good used one?
  • This article contents is post by this website user, CarQnA.com doesn't promise its accuracy.


    Copyright 2006-2009 CarQnA.com All Rights Reserved.