A Critical Secret Tip to Winning at Car Auctions You Attend
The blind leading the blind.
This is what most car auctions can turn into when a popular item comes up for bidding and bidders get carried away.
Sooner or later, you'll be one of the people making this mistake unless you develop a procedure to keep you from going nuts.
In this article, we take a look at one secret tip that can really save you from making a costly mistake.
We live in an age of asset seizure.
The IRS seizes property for tax debts.
The DEA seizes them from people in the drug trade.
The police often seize them from defendants involved in a bevy of different crimes.
All of this leads to a large inventory of assets of which vehicles are certainly a large percentage of the pie.
Many people have learned they can buy such cars at auctions for personal use or to flip them to make some money.
There is a problem, however.
Many get carried away and spend more than the car in question is worth.
Yes, I've done this personally! So, how do we avoid spending more than the auctioned item is actually worth? The key is to be prepared.
Specifically, you want to know the actual value of the vehicle in question.
There are plenty of services that do this for you, but I go with the old standby that is Kelly Blue Book since it gives you great, average and poor condition values.
You can use whatever system you prefer.
Ah, but there is a problem.
You usually show up at an auction without a list of inventory or only a very faint idea of what is being sold and what condition it is in.
How then do you go about getting the necessary information to avoid making a bad purchase? The answer, my friend, is in your hand or pocket - your phone.
Your phone has an internet option.
If it doesn't, get a new phone.
Why? You want to be able to access car valuation sites while at the auction.
If you see a 2007 Mini Cooper S with sports package that looks like it might be a deal, you want to be able to access the exact valuation for the car immediately.
Your phone lets you do this.
Frankly, it has revolutionized the bidding process at auctions for people that are serious about getting a good deal.
Winning the bidding for that car you are after at an auction doesn't really mean much unless you get a good deal on it.
By using your phone to access sites that can immediately give you the value of the car in question, you can be sure a good deal is being had!
This is what most car auctions can turn into when a popular item comes up for bidding and bidders get carried away.
Sooner or later, you'll be one of the people making this mistake unless you develop a procedure to keep you from going nuts.
In this article, we take a look at one secret tip that can really save you from making a costly mistake.
We live in an age of asset seizure.
The IRS seizes property for tax debts.
The DEA seizes them from people in the drug trade.
The police often seize them from defendants involved in a bevy of different crimes.
All of this leads to a large inventory of assets of which vehicles are certainly a large percentage of the pie.
Many people have learned they can buy such cars at auctions for personal use or to flip them to make some money.
There is a problem, however.
Many get carried away and spend more than the car in question is worth.
Yes, I've done this personally! So, how do we avoid spending more than the auctioned item is actually worth? The key is to be prepared.
Specifically, you want to know the actual value of the vehicle in question.
There are plenty of services that do this for you, but I go with the old standby that is Kelly Blue Book since it gives you great, average and poor condition values.
You can use whatever system you prefer.
Ah, but there is a problem.
You usually show up at an auction without a list of inventory or only a very faint idea of what is being sold and what condition it is in.
How then do you go about getting the necessary information to avoid making a bad purchase? The answer, my friend, is in your hand or pocket - your phone.
Your phone has an internet option.
If it doesn't, get a new phone.
Why? You want to be able to access car valuation sites while at the auction.
If you see a 2007 Mini Cooper S with sports package that looks like it might be a deal, you want to be able to access the exact valuation for the car immediately.
Your phone lets you do this.
Frankly, it has revolutionized the bidding process at auctions for people that are serious about getting a good deal.
Winning the bidding for that car you are after at an auction doesn't really mean much unless you get a good deal on it.
By using your phone to access sites that can immediately give you the value of the car in question, you can be sure a good deal is being had!
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