Filed Under (Commercial Vehicle Auctions Info) by admin on 22-06-2010
Commercial Vehicle Auctions sites have sprung up like mushrooms on the Internet, each one loudly proclaiming that it has the best and most genuine deals anywhere, and asking only a reasonable fee to sign up and begin accessing the auctions. Once the fee is paid, of course, the true colors of the site are often revealed, and you receive a list of vehicles that are going to be auctioned a thousand miles away in a small town you have never heard of before, and the auction is due to begin in only twenty hours.
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In short, many commercial vehicle auction sites offer poor-quality information, and buying a subscription to all of them in order to find the wheat amid the chaff could end up costing you more than the price of a new vehicle, considering how many websites there are.
The seized and repossessed vehicles sold at auctions are indeed real, and they can be obtained through auctions, but you need to be alert and choose the auction carefully. Beware of sites that make extravagant claims about how cheaply people have bought nearly-new cars, and so on – there are a few such once in a lifetime bargains, when someone acquires a year-old car for $300, but the vast majority of auctioned vehicles are not that cheap.
Commercial vehicles may be bought for very sharp discounts – up to around 50% off the book value, in many cases – but since you will be competing against other people who want cheap vehicles, as well as professional buyers and middlemen looking to stock their lots, you will likely end up paying $7,000 to $12,000 for cars worth $18,000 to $24,000. Sites that are up front about this are more apt to be useful to you than those that claim every person who comes there pays only $100 for a brand new repo.
Commercial vehicle auctions may involve sales of government-owned vehicles that are being retired, as well. Finding government websites that list these auctions is a way to circumvent the slick sales talk of the usual auction sites and locate a good, solid bargain. Of course, competition from other buyers is strong here as well – perhaps even stronger – so you need to be quick and alert, identifying possibilities and making the most of them while the opportunity lasts; a process that will hopefully leave you in possession of a good-quality, low cost commercial vehicle from an online auction.
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