It has never been easier to find Ford cars sold cheap at Detroit motor auctions. With the increase in quality online auto auction websites, finding and tracking upcoming auctions has become much less time-consuming. In many cases, you will even be able to place bids live from your computer, rather than attending the auction in person. Plus, these websites provide you with tools that make researching and organizing the vehicles much easier than trying to do everything on your own, in person. Here’s a quick look at a few reasons that finding Ford cars at Detroit motor auctions is extremely easy as well as some examples of past auctions in which forwards went extremely cheap.
One of the biggest reasons that finding Ford cars sold cheap at Detroit motor auctions has become easier is because of the tools that you can now use. Online auto auction websites allow you to sort through weeks or month’s worth of listings within a few seconds. By doing this you will be able to easily get a list of every Ford car up for auction. Not only does this save you time, but also lets you compare prospects to determine which one’s will be the best fit for your needs. The key to spotting the cars that will be sold the cheapest is by knowing the market value of each one before the auction begins. In some cases you can even get an estimate about how much any potential repairs would be. You can use this information to factor in how much you should be willing to pay for the car. In most cases, trying to stay below 30% to 50% of the market value is ideal.
Over the past several months, there have been a number of excellent deals on Ford cars at online auctions held in Detroit. For example, a 2003 Ford focus with 65,000 miles and only minor dents and scratches sold for only $825. It passed a thorough inspection and was a charity vehicle, which means the previous owner donated it to the auction. There was also a 2008 Ford fusion with 45,000 miles which sold for just over $3000. While it also required about $2000 in repairs, it was valued at nearly $14,000. If you are looking for a newer car, then this example might interest you. A 2011 Ford fusion with 20,000 miles sold for only $2000. It still needed around $2000 in repairs, although they were all cosmetic and the market value was nearly $22,000.
Along with public auctions, online auto auction websites are starting to work with local auction houses much more often. The reason for this is that local auction houses now understand that by utilizing the Internet they can spread their listings much farther and keep all of their information updated with much less effort. Not only does this save them money, but it also allows them to accept bids before the auction or even stream a live feed of their auction online. This helps attract bidders which don’t actually enjoy attending auctions because it allows them to place bids from the comfort of their own home.