Why Buy Vehicles From Police Auctions Over Car Dealerships?
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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.
Yet almost all North Americans still continue to use car dealerships to purchase their vehicles every day. Why? Most people unfortunately aren't educated on police auctions. The government doesn't spend any money advertising so auction attendance is solely based on word of month. Following is a list of pros and cons when buying at these auctions:
Advantages:
- Business model is much more conducive to lower prices
- Police auctions are held everywhere in US and Canada.
- Detailed previews on the Internet of the cars and vehicles that will be offered at upcoming auctions
- Typically there is a wide selection of vehicles (i.e. could find a BWM, Jeep, Porsche and Chevy at one auction)
- No middleman for you to have to deal with or pay
- No annoying commissioned salesperson to deal with
- Motivated seller who is not equipped to handle inventory, everything must go
- 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:
- You'll probably have to pay it all in cash (which for some is a blessing)
- No warranty period beyond manufacturer warrenty, although most used dealerships only provide 30 days or so
If it's not a problem paying cash, or you can get credit elsewhere, then the advantages outweigh the disadvantages. Just remember to bring a mechanic or car expert who understands vehicles with you to the auction. They will inspect the vehicles that you're interested in to make sure you get a great deal.
Article Source: Articlelogy.com
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