Hey
there! Auto Bargain Seeker Enthusiasts...
Welcome to my first
blog. Please post your comments at the end of the posted article below. I also welcome any feedback or suggestions as to what
type of topics or interests everyone would like to see posted on this blog. You can e-mail me at the following address:
hdeltoro@gmail.com
Do What Dealers Do! And Save Thousands!
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, themselves!
Think about
it. How much could you save if you bypassed the dealers and purchased directly from their sources? 30%, 50%, yes..even up
to 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 co-worker who got into a new luxury vehicle with a little "creative financing."
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 quickly as possible. Add to that the high excessive 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 lengths 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 re-sell 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 only by sheer luck that I stumbled upon a website that allowed me to search local auctions by zip code and vehicle
make that I learned the surprising truth. I was paying dealers thousands of dollars in unnecessary mark-ups.
I tried the website's search feature out, and to my surprise the cars listed were exactly
what I wanted. Only a few years old with very low miles. Many of them were still under the manufacturer's original warranty!
This made sense of course, since most of them were repossessions.
The auction
house was even willing to throw in a vehicle history report at no extra cost and a 3 month warranty.
Sure I wouldn't get the complimentary car washes and oil changes the dealer throws in, but that
surely wasn't worth thousands of dollars in premiums.
After a little
hesitation, I joined the auto auction membership site. They helped me locate auto auctions in my area, and gain admission
to them through their exclusive access rights. I learned what questions to ask, and how to handle the bidding process. 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 truly
an empowering experience. 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.
Save tons! And begin
your auto auction searches in your area, by clicking on the following link:
