Instead of going to a car dealership and buying vehicles the usual way, have you ever considered visiting a government or police auction? If you're not aware, the police seize thousands of cars and other vehicles every month and often auction them off to the general public at extremely reduced prices.
Government auctions are a well kept secret that dealerships would rather you not know about. They purchase these vehicles themselves for very low prices and sell them to the rest of the public for good profit. The more consumers become educated about police auctions, the more competition they face at the auction plus car dealerships sales they could potential lose that business.
So why does 90% of the general public buy from car dealerships? Well that's a good question and I think it comes down to education. People are simply not aware or these government and police vehicle auctions. The government would be ridiculed is they spent money on advertising. Here is a list of advantages and disadvantages in buying at these auctions:
Pros:
- Business model is much more conducive to lower prices
- No matter where you live, there are typically many auctions held around your area
- Information regarding government and police auctions with vehicle listing detail is now available on the web
- There is a large selection of vehicles that can be found at police auctions including: cars, jeeps, trucks, minivans, ATV's and more!
- No middle tier channel (middleman) to go through or pay
- No annoying commissioned salesperson to deal with
- Motivated seller who doesn't have the resources or time to deal with inventory, therefore offering vehicles based on no reserve bidding
- Possible advantages to income taxes (establish a business name)
- May pay less sales and new car tax
- Once you have an understanding of police auctions, you can start your own business (i.e. Sell cars on eBay or Autotrader.com).
Disadvantages:
- Most of the sales are cash only (any credit would have be done externally)
- No extended warranty beyond what the manufacturer offers. Most used dealerships give only 30 days
If you don't mind paying cash for a near new vehicle, then the advantages obviously outweigh the advantages. Don't forget to have someone with you who understands vehicles to inspect the ones you're interested in.
About the Author:
To find automobiles at the best police auction sites check out government auctions review or more directly click Police Auctions, Seized Cars, Trucks, Boats, Vehicles
0 comments:
Post a Comment