I do not understand, how people living in New York or other big cities, can take out a loan with a bank to buy a car. In these cities there are a lot of great opportunities to buy a used or even a new car at a very low price. In this article we will discuss the fundamentals of buying cars at the government car auctions at prices, up to 90% off the book value.
Government car auctions are held almost every day across the US and other countries. Everyone can participate in these auctions and buy a car. Many people enter the government auctions game for profit, and resell the cars they buy at higher prices. So why should you buy cars from these people when you can take part in the auctions and buy the car you need? Why prices there are so low? The answer is very simple. When somebody do not pay on his taxes or bank loans, the government confiscates his property at sell it at these auctions. A little money is better than NO money.
You should know that the holders of these auctions ask a small fee for entering the auction because they have to cover the expenses incurred in running such auctions. If you are interested, I recommend you to visit the best online auction that I use to buy cars. The link is at the end of these article. It is the best opportunity to find hundreds of government auctions every day. Online auctions also carry listings of all car that will be sold at each auction. You won’t find these listings else where.
I hope this article sheds some light for you on using government auctions. I wish you good deals!