However, the most interesting of all these auctions is that one which is open to the general car public.  From well-maintained fleet cars to the most coveted collector’s choice car, public car auction is always a catch to any interested car buyers.

Before you will search for some public car auction, it is important to know more about how this will work on. Knowing the basics of car auction would not only make you equip with enough know-how, but would also guide your decisions in your buying options.

Catalog

Knowing what cars are available for auction is always an advantage to a buyer.  Public car auction sites give catalogs. These are readily available to potential buyers for them to choose from a variety of cars.  These catalogs are guides for the buyers wherein you can choose different models of the car.  However, the catalogs might not be complete with all the specification of what a car is.  You must see for yourself and do some more searching of the model cars.  Catalogs are only guide for car buyers for the models to be auctioned in the said event.

Public auction welcomes any interested buyer to bid for the cars it will be traded.  Because of this, a buyer will be faced with lots of competition among other bidders.  It would be better for a buyer to have different options. Having an extra option will minimize the buyer’s frustration of not getting the car of the choice. However, understanding the nature of competition in a public auction, it is always a matter between bidders to settle the score.

Vehicle Conditions

It would be advisable that the potential buyer will be aware of the following conditions which might be attached with the item.  Knowing some conditions will greatly affect buying decision. It is better to know earlier or might be too late for the buyer to claim damages against the seller.

No Major Engine and Technical Fault

A vehicle sold under this condition should be free from any mechanical trouble and other technical problems.  This condition will always catch most of the bidders’ attention because of the vehicle’s good condition.  If you plan to go through vehicles with this selling condition, then, you must ready to face competition among the general public.

Specific Engine and Technical Trouble

In this condition, the buyer is warned of the car’s actual trouble. Being forewarned on this, the buyer will be thinking twice of getting the vehicle.  With this in mind, a bidder might face not so tough competition among its bidders.

“As IS”

The purpose of this clause is to waive the liability of the seller from any future claims of the buyer.  Potential buyers must be aware of this condition attached in any of the cars being bid.  Some cars will be cannibalized by some past owners so that these owners can still get the valuables of the car. Once a winning bidder gets any items with “As Is” clause, his claims against the seller will be defaulted.
 
Aside from the conditions mentioned, public auto auction sites will also place mechanical technician’s report on each of the vehicle for the buyer to be aware of the condition of engine of the vehicle.  In this way, buyers will be guided properly with the information making them see the light side of the auction.

During Auction

Auctions are usually held simultaneously on different site.  It is wise for a buyer to proceed immediately on the auction site where his car of interest is on the bid.   Bidders will be given placards with identification numbers.  The announcer will be the one to announce the bidding price.  Fixed incremental rate of the price will be added every time a bidder will aim for the higher price.  A bidder must listen to the announcement and must be aware of every price climb.  If the bidder has been the highest in the bid so far and no one will contest it, then the bidder will win the auction. 

Provisional Sale

There are also instances that the seller set a ceiling price to the car. If the bidder’s highest price is lower than the ceiling price set by the seller, then the winning bidder must have a negotiation with the seller for the provisional sale.  Provisional sale will be completed once the bidder and the seller agreed on the price.

Payment

When price is already agreed, both the seller and the buyer will settle for the payment of the car.  However, the buyer must be aware that he will not only pay for the price of the car.  Other expenses include the buyers fee, insurance premium, road vehicle tax, and the processing payment of transfer of ownership.  These payments are usually being collected by the auction initiators to clear the vehicle before releasing.  Payment might be in the form of check or cash as long as it does not violate the laws on anti-money laundering laws. 

Public auction is the place where cheaper deals for used cars will be traded.  However, because of the competition, there will be instances that cars might be exceeding their market price than the auction price.  It is better for the auction goers to be more familiar on how auction works and work on his advantage of getting the best deal.  

· There are a number of different kinds of car auctions, but if you want to get the best deal possible then it is advised that you only attend auctions that are held by your local police department or other government agencies. There are three main reasons why government car auctions are better than any other kind of car auction. For one, government agencies hold car auctions because they want to get rid of all the vehicles that have either been seized or repossessed from criminals or loan and tax defaulters. The purpose of the agency holding such auctions is not to make profit but to avoid the cost of storage of seized and repossessed vehicles. So you will find the cheapest rates at government car auctions. Another reason why you should go and try your luck at these auctions is that if you are not averse to buying a car that was once owned by a criminal or a conman, then you can easily find at least some great luxury and sports cars being auctioned at throwaway prices at these places. But the best part about buying from government auctions is that you can be sure that you are not being cheated which can never be ensured in the case of used car dealers or other auctions. Since profit is not the motive behind car auctions held by government agencies, you can be sure that you will not come across cars whose odometer has been tampered with or whose spares have been changed.

· Now that you know that government car auctions are the best ones to bet on, you should also know how to find out about where and when they are held. Generally government agencies advertise the date, time and venue of major auctions in the local press. However, this is not a mandatory practice and you should try to contact government and police departments in your area in order to find out about when and where such auctions will be held in your city or nearby. Another method of finding out about local car auctions is logging on to a website that provides such information. Nowadays, there are a lot of websites, which will tell you about when and where the best auctions are being held.

· Once you’ve found out about where and when a car auction is being held, then you ought to do a couple of things in order to get the best from such auctions. First of all, you should sit down and make a list of the types of cars that you might be inclined to buy. Include at least four to five cars and note them down along with their make and model. Next, call up a used car dealer and get him to give you approximate market values of the cars that are on your list. It is a good idea to be aware of the ex- showroom prices of these cars since these will help you in negotiating the deal better. Once you are ready with your list of cars and prices, it is time to visit the preview.

· Almost all car auctions give potential buyers a chance to inspect the cars that are being auctioned a day or two before the auction. Go to the preview and see if there are any cars that are on your lust which are being auctioned, if not, then it is best that you wait for another auction or select a good model from the ones that are being auctioned. When you go for the preview, it is advised that you take along a friend who is auto savvy or if you can afford one, then a professional car mechanic. Make these people check the cars you are interested to see if everything is in proper working order. Start the car and test drive it of you are allowed to do so.

· Based on all the information you have gathered, decide about which models you will bid for and set a highest possible bid for each, so that you do not get carried away while bidding. Keep your budget and the condition of the cars in mind at all times, and in all probability, you will be able to come away with a good deal.

Choose to realise your dream wheels at the numerous vehicle auctions held everyday. Just find out the details of the vehicle auction, register your name and choose from the thousands of vehicles put up for sale. It was a long sad story of deception and dissatisfaction but now you can peacefully bid goodbye to your vehicle dealer and enter the all new world of vehicle auctions which not only guarantees value for money but also the freedom to choose from a wider range of vehicles. You do not have to limit your search to the limited few that the dealer has in his warehouse.

Vehicle auctions provide you a wide database of vehicles on sale and not just that it also check out from the wide range of cars, SUVs, pick ups, buses and all kind of other vehicles at the vehicle auctions and make the right choice for yourself. Benefit from the accurately created database and knowledge provided by proprieters, car dealers and industry experts. Time for you to settle only for the best and be at the winners end. Time for you to put and end to compromises you have made with your vehicle decisions.

Even for the car owner who is looking to find a suitable buyer for his vehicle will be benefited at the vehicle auctions. Simply regiter your name and provide a history of the vehicle that you wish to put on sale. The panel of vehicle experts will inspect the vehicle and create a report on the vehicle. Save yourself from the extra expenses that you would have otherwise incurred in the process of finding a suitable buyer. Time to bid goodbye to the dealer who almost pressurises you to sell your dream machine at a rock bottom price and himself earns thousands of dollars as the commision for the transaction.

Most of the vehicles sold at the vehicle auctions are sold on a ‘as is basis’ and comes with the basic accessories like AM/FM radio and cassette player, air conditioning, power steering and power locking. All vehicles on sale are provided a certification by a panel of vehicle experts. Trust the experts to provide you the best deal. Let the dealers compete against each other to provide the best deal for you.

Even the used cars are top of the line deals and good value for money. Check out from the wide range of used cars too. The prices offered are the best in the market and it is a notch better than any dealer can offer.

Imagine a situation where you are always in a win win situation. No extra dollars spent on dealer commisions or hidden costs. Yeah ! you might have to forgo the two or three free services where thrown in by the dealer. But if you think wisely the few free services are not really worth the extra dollars that are fleeced from you. Make the wise choice, when you decide to to make the next vehicle purchase, simply find out the nearest vehicle auction and check out the range they have to offer.

Join the millions of satisfied buyers and sellers who had made the right choice of going to the vehicle auctions. In the US nearly 60 per cent of the vehicle sales are through vehicle auctions, the figures are almost alike in Europe too. In Asia it is rapidly becoming popular and people who try out vehicle auctions, never even think of going back to the neighbourhood dealer. Get to the nearest vehicle auction and get a taste of satisfaction.

1.Seized vehicles -
These days, most people buy household goods and other high end products like cars on a hire purchase mode. This way, they need to make small payments on a regular basis till they are done paying the entire cost along with interest. If a person is unable to meet the payment dates, even after being given grace time, the company will repossess the vehicle. This could then be handed over to the Government or police authorities. Since the number of cars in their compound increases multi fold every day, they use these auctions to sell the seized vehicles. Most of these seized cars are of good value and high end, like the Mercedes Benz, BMW, Audi, or Porsche and when a person can buy them for nearly 1/100th of their price, these auctions are their only option.

2.Fleet cars -
Cars, and trucks that were owned by government officials and policemen will come for the vehicle auctions if the person who owned them wishes to give them away. They might be interested in buying a newer model or better car, and so this will be sold at auctions. They will be bought by someone who needs a car, and doesn’t car who owned it earlier, as long as it is in running condition, that is good enough.

3.Surplus vehicles-
When during the government and police auctions, we find surplus vehicles up for grabs, these are specialized vehicles that were used by people in the force and today are no longer needed. Either they would have become obsolete or done their service and time for them to retire. Typically, people who have retired from the force will be ones who buy these or people who are into collecting vintage cars might want one of these in their garage.

4.Lease ended vehicles-
People often take vehicles on lease for a fixed duration, and when this ends, they will return the vehicles to the financial institutions. If the number of such vehicles has crossed a limit, the bank or institution will hold a private vehicle auctions to dispose them off.

Most of the auctions are privative. Only certain individuals, like the large car dealers and those engage in buy and sell, can gain access to these auction sites.  But most people might be not aware of the fact that the state has its own auction. These state initiated auctions are free to the public.

Every year, thousands of cars are being auctioned by the state.  These are seized cars from law breakers and tax evaders, idled government cars and police cars, and customs seized cars from illegal smuggling. From luxurious SUV’s to old modeled vehicles, one can always find a variety of cars to be bid in every state car auctions.

Finding the site where state car auctions are held is one of the first things an interested buyer must do.  State auctions are usually published in newspapers and some car magazines. Local government agencies also post some announcement in the public bulletin board.  But with the advent of the internet, auctions site are readily available with information on the cars being traded.  However, an extra care must be made when using the internet.  Some of the sites that might publish government auctions are fraud especially when they offer advance payment and some other unknown charges for the interested buyer.  Confirmation either through phone call from the nearest government agency or visiting an official website to get some information can be done to avoid being victimized by these online swindlers.

If one has already found an auction site, the next thing to do is to register immediately.  Considering that these auction sites are open to the public, other interested buyers might be crowding to the nearest registration secretariat.  The good thing about registration is that it is for free. Other non-state initiated auctions usually have registration fees to be bore by the interested bidders.  The state has only one goal of starting these auctions, which is to dispose these cars, the soonest possible in order to avoid any consumption of space by storing them as well as to generate additional revenues.  Once registration is done, the bidders will be given a registration card with their number.  This number act as identification during the bidding process.

Every government public auction has some catalogue of cars to be bid on the day of the auction.  The catalog includes information such as the model of the car, the year of its release, and most of all its mileage (which is very useful in evaluating the condition of the car) and the VIN or the vehicle identification number.  By providing this information, the potential buyer would have forethoughts on the car he intends to buy.

Almost every state auction has a previewing of the cars prior to the date of the auction.  In this way, the bidders will have the chance to see their car of choice. Bidders can also rev up the engine cars so that they might be able to listen and evaluate its engine.

It is also a wise thing to do for a bidder to make alternative choice considering there will be a lot of competition when auction day comes. With a variety of cars for grabs, bidders have to consider other choices of cars he would intend to buy in case his car of choice would be chosen by the other bidder who willingly pays high for the said car.

Auction sites are usually set up in lanes.  Each lane is being facilitated by personnel and ringmen. While one might wonder if there would be any bias, public auctions are usually off limits to relatives of the employees who are involved in the auction site.  During the bidding process, representative from government services will be present to supervise the auction process. In this way, a watchdog will be on guard to make it sure that there would be no unwanted events that will happen.

An auctioneer will usually open the bidding of the vehicle.  When the bid starts, the announcer will be starting to announce the lowest bidding price.  A bidder must raise his hand in case he is interested to the price.  Then the announcer will increase the bidding price by $ 100.00.  If a bidder is interested then he will raise his hands.  The process will end until there would be no one interested in the highest price. The highest bidder will win the vehicle.

The winning bidder must be familiar with the terms and condition before receiving the won car.  These terms and conditions can be claim against the state in-case there would be one arising in the future.  While the payment only consists of the purchase price plus the applicable tax, the bidder must see to it that he will be paying based on what is required by the state auction committee.  The state has the right to get back the vehicle in case the bidder cannot fulfill his payment obligation.

Familiarizing with the government initiated bidding is just an easy way to go before one would raise his first bid.  In this way, one might get a lucrative vehicle at the very low price.
 

· First of all, it is important that you select a genuine car auction which has the reputation of selling good cars which are value for money. In most case, auctions held by government agencies and offices are the ones that have the best possible cars at the best possible prices, so it is advised that you buy your car from one of these auctions.

· Doing your homework well is the most important part of buying your car at an auction. Almost every organization that holds car auctions lets people inspect cars at a pre-sale inspection. Go and check out the cars at the inspection and look for all the things you know about that will let you determine the quality of the car being sold. Try to take along a friend who knows these things well. If you are allowed to, take a mechanic along who will be able to inspect these cars and give you a complete picture about the real condition of the cars you want to bid for.

· Check the vehicle out thoroughly before you bid on it. Note down the vehicles VIN or Vehicle Identification Number and run it through a service that will provide you with its history. There are some very good services that will provide you with all the details about a car including number of owners, odometer usage, accident history and any title problems etcetera for a nominal fee. Getting this information is extremely important and do not even think of bidding without it or you might just turn out to be more sorry than safe.

· Get a general idea of the market value of the vehicle before you bid on it. The best way of doing this is to note down all the information available about the car and then calling up at least a couple of auto dealers. Pretend that you want to sell the car that you are actually planning to buy in the car auction and ask the dealer to give you an approximate price for it.  These dealers will generally give you a price that is at least ten to twenty per cent lesser than its real value. Now that you are in a position to easily calculate the market value of the car you want to bid for, make sure that you do not exceed this amount during the auction.

· Wait for others to bid before you do. At times, auctioneers start with a high price and then decrease it further when nobody bids at that price. Do not be the first one to bid in a car auction. Instead, check out the audience’s interest in “your” car before you bid for it.

The car auction not only gives various choices of cars, but it also helps you to take the right decision. You can analyze the vehicle, go for a test run and can also talk to their owners. Only after you are satisfied, you can make the deal. It is both economical and safe to buy a vehicle from a car auction. Also, buying a car from a car auction you are helping the US government to defer the cost of the vehicle and also save the money of the taxpayers. It is actually a win-win option for all. If the car auction is that of any government agency, then you can find vehicles ranging from sedans to tractors and even

police cars. Heavy trucks and ambulances are also part of the offering. Most of these cars will be from owned by the government, but some are also confiscates property. The US Customs or any of the US Treasury agencies must have confiscated these cars and the government is now selling them off at dirt cheap prices. The car auction by the US government does not usually allow the government employees or its immediate family members to take part in the auction, so if you work for the government, then it’s hard luck for you.

To participate in these car auctions, just get hold of their schedules and location and register yourself to be a part of the auction. The registration is free for these auctions. Try to be there on the Inspection Day, because you can have a thorough look of the car you want to buy. You can get the information from the local newspapers and definitely the Internet will give you a host of options to check trough. You can compare the prices, view the models and can make a shortlist of the cars you want to purchase. It is more detailed online, so take advantage of it. The state car auctions are huge and you need to be experienced to benefit from them. Also, do remember to do a market analysis of the car you are purchasing in the auction. Basis the model and the year of manufacturing you can have an approximate estimation of the vehicle you intend to buy. So, decide on a budget and visit the car auction zone to get your dream car. 

No all cars can come to an auction but sometimes the car that you want might also be auctioned. Keeping regular updates on the car auctions web site or the newspapers will give you the updated information on the type of cars auctioned. Technology has grown and buying cars in auction was never easier before. All you have to do is to get online from the comfort of your home and choose the right car to place your bid on. What’s more everything is legal so there is no need for any discomfort or hesitation as to the legal factors behind these car auctions.

Participating in auctions has always been considered as a rich man’s game. Christies is the very famous auction house and has always been selling million dollar worth antics and collectibles. Now even the common man can participate in auctions especially car auctions and get what he wants just like buying a candy bar. Yes, it’s so easy and fun too bidding and out bidding for the dream car that you fantasize. The perfect details of the car, model and the make is all loaded on these sites and has been verified by experts and there is no reason for any doubt as to the quality of the car’s being auctioned here in these sites.

Other than websites auction houses too handle cars as the objects for their auction. Do car auctions handle cars with faults or repairs? How can the quality of these cars be accessed? Actually car auctions are for cars which were seized through foreclosure laws. Sometimes it so happens that people buy a property too big, which is not very healthy to their wallets and their budget. So they end up with foreclosures wherein their car is also seized and put up for resale to retrieve the original cost incurred by the buyer to the government. So if there are fewer bidders and if lady luck is by your side no one can stop you from getting the car with a low bid and a much lower cost than real new cars.

As the foreclosure laws are becoming stricter these car also increase and thus we find an increase in car auction these days. After all where can the government keep all the cars till the buyer finds his way through to take back the car? Car auctions are the best way to buy cars and you can even resell them if you want to take this further as some real buying and selling business opportunity.

Moreover with the advent of the Internet, things have become easier and the best deals are no more far away. Information regarding the best deals that are available in the world wide market are delivered to your home and getting them is as easy as pressing a few keys. Online car auctions are the order of the day and why should you be left out of the best deals facilitation. Log on to any of the online car auction sites and choose your dream car. The process is simpler than you could have ever thought. Simply register yourself with an online car auction, search for the specified details you have been looking for and what is amazing is that your dream will be realized within your budget.

Its time for you to bid your neighborhood car dealer goodbye. No more of paying high amount as dealer commission, its your call on the online car auctions. On the online car auctions the market is wide open and the dealers strive to get you the beat deal. You are always in a win win situation. What more are you looking at? Be it sedans, SUVs, wagons, pick ups, trucks or any other automobiles, they are all there at the online car auctions.

Most of these vehicles are sold on a ‘as is as is’ basis and are fitted with the basic features like AM/FM radio, cassette player, air conditioning, power steering etc. No need to get fooled by your dealer, inspect, reinspect your choice and then decide to buy whatever you intend to buy. Even get the best deals that you would have ever dreamt of. Most of these cars are put up on sale by dealers and in some cases the manufacturer himself. They are the ones who fight it out amongst themselves to ensure that you get the best deal. Well your neighborhood dealer would have given you 2 –3 free services and chuck in a free car wash too. With the online car auctions you might miss out on these but if you calculate the amount of money you actually pay more you will be amazed that how much cheaper it is to get your car off the online car auctions. Log on to the online car auctions and save thousands of dollars that you would have been paying as dealer commission and the dealer would have smiled home and appeased you with a free service or two. Choosing to buy your car from the online car auctions would be the wisest decision you ever made. Choose from a wide range of cars on sale and do not choose to buy from your dealer who would be restrict your choice to the few cars that are available in his stock.

So, if you have been getting yourself a dream pair of wheels, log on to any of the car auctions sites, register yourself and then search for the specific needs that you have been looking for and post your need. Let the dealers scramble to fix the best possible price that you can be offered. Choose from the widest range of cars to suit your desire and your budget. The online car auctions offer you the best cars on sale and this is one platform where you do not have to restrict your choice to a handful few and at the same time you do not have follow the terms and conditions set by the shylock like neighbourhood car dealer.

The online car auctions worldwide are getting popular everyday and more and more buyers and sellers are opting to online car auctions because the wide range of choice and best possible deals that are available here. In the US alone almost 50% of automobile market is through the online car auctions.

The world is changing fast and its time for you to keep pace and not be distracted and fleeced. So, make the wisest choice and choose from the widest market possibility ever, log on to any of the online car auctions, register and get yourself the dream wheels that you had always dreamed of possessing.

If you are new to the whole online auctions scene and unfamiliar with the bidding process for a car at any of the sites, then you will need to be prepared mentally so you can avoid most common mistakes people make. Be careful of hidden deals, and truths, for these could make or break you, depending on how much money you are willing to put into the car. you will need to be calm and composed when dealing with the online car auctions. If you have a friend who says he is going to the auction and will bid for you, don’t trust them. Each one for themselves is the policy when it comes to auctions, and so it is essential you be a member on the site to make decisions on the car. If there is a car that you have your eyes on, make sure to consider the listed quote price before making a bid.

When we use online car auctions, we will be using either Yahoo or eBay for our car purchase. Th cars listed there would have related information that you must read thoroughly before proceeding. It is not enough if they mention that the car is in good condition, you need to have information regarding how many miles has been done, the engine model and what kind of fuel it takes. These will give you an idea  about how well maintained the car is or how old it is. Once this is done, before participating at the online car auctions, enquire with your car dealer or in the market about the price for such a car. And then cross check with the price quoted o n the site. If you feel there is no match, then quietly withdraw before making a bid and look for another car or website.

Some of the points to remember while using online car auctions are,
1. Once sold, you cannot go back on your bid. So, make sure to have your facts right, and make wise decisions about the car purchase. If the car you see looks good, but is an old model, think twice about whether you really want to put in your money into that. Or do you look for a newer model of car that will last you another couple of years before it shows signs of wearing out.

2. If you wish, you can set up an escrow account with the seller, and this will save you the issue of spending money but learning that you have been cheated. Through this system, you will not have to make any payments till you receive delivery of the car.

3. Since you cannot see the car before you buy it, you need to just reply on the pictures posted on the site. The car might look good on the computer, but might actually be run down. But this is a risk you need to take when using the online medium for car purchases.

4. When you buy cars through online car auctions, you will have to pay extra charges for the car to be delivered to your doorstep. These would not be mentioned on the site nor would they be taken into consideration when calculating the list quote price. If the location of the lot is in another town or state, you might end up spending more than you planned. But if you were to use the local car auctions, you could drive home the car without any extra cost or have them send to your address, which will again be at no charge.

5. Check the vehicle identification number before making the bid, for which you can do a check on the net in vehicle history and understand if the car has a clean track record or is tainted. If it has some criminal background, you need to steer clear from it and look for other cars.

6.The most important point is to do adequate research before you plunge into the online car auctions. Make sure to have gathered as much information as possible about the car and its condition before making your bid. Because, once you make the bid, you cannot take it back.