The Common Misconception: Auto auctions are only open to car dealers.
The Surprising Truth: Anyone with the right resources can participate in the same auctions as the dealers!
Think about it. How much could you save if you bypassed the dealers and purchased directly from their sources? 30%, 50%, maybe even 75%.
As unbelievable as this sounds, it is possible with a little patience and research.
As you probably already know from past experience, car dealers will do ANYTHING to get you into the car of your dreams. Whether you can afford it or not!
I can recall a former coworker who got into a new luxury vehicle with a little "creative financing autel maxisys elite." The manager divided his mortgage payment in two. His justification: As a married man his wife was responsible for the other half of the mortgage....even though she was a stay at home mom! Luckily for them, they found a way to pay their huge car payment and avoid repossession.
Unfortunately, others aren't quite as lucky. Thousands of people default on their loans everyday simply because they couldn't really afford it in the first place.
This can work to your advantage. The banks and financial institutions that serviced the loans want to recoup their loss as quicly as possible. Add to that the exhorbitant cost of storing these vehicles, and you can easily see why the banks want to dispose of them in a timely manner.
After all, the longer financial institutions have to store these vehicles, the less money they're going to get back.
Auto auctions are the quickest way for banks to rid themselves of repossessed vehicles.
Car dealers know this, and they go to great lenghts to protect this knowledge from the general public. After all, auto auctions are a huge source of revenue. Dealers can purchase vehicles at a fraction of their value, and then resell them at a huge mark-up.
But what if you could avoid the dealer's mark-up and instead pay what they pay? What impact would that have on your wallet?
Amazingly enough, auto auctions are not solely restricted to car dealers. Up until a few years ago, I too shared this common misconception.
It was a lot simpler then I ever imagined it could be.
The day of the auction, I showed up a few hours early to inspect the vehicle I was interested in and get a feel for the place.
It must have been a slow day, because when my car came up for auction only a few dealers were bidding against me. Since I wasn't buying the vehicle for resale, I succeeded in outbidding the dealers!
It was a truely empowering experience autel maxisys ms906. I got the vehicle of my dreams, and I only paid a little over half its book value!
What did this experience teach me? Auto Auctions can save you thousands in unnecessary dealer mark-ups.
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