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About Government Auctions

Sunday, May 9th, 2010

Cars from government auctions are a great opportunity for car buyers since the cars can come from a variety of sources which does not make them a liability. For instance, the cars can come from a surplus of cars which were obtained from government employees, because government regulations state that the cars should be changed every few years or so. This turns out into a great bargain for the people who buy at car auctions, since there are cars that have less than 40,000 miles on it and are only a few years old. You could be saving a lot more if you buy a car from government auctions than any other place.

The rules about government auctions require a very low starting bid, often only $100.  While the price will quickly be driven up from there, the cars will usually only sell for a few thousand dollars in the end.  That turns into huge savings being passed on to you when you buy a used car at an auction.  It is rare when a person buys a car from an auction and doesn’t save at least 50%.

It’s worth the trip to go to government auctions when you need to buy a car. The cars can be obtained from government sources and the repairs that are needed are minimal or none at all. The price that you pay for a car will almost always be lower than what you pay from other places, and if you do your homework and spot the good ones, you’ll be glad to get a new car from government auctions, it might even be hardly used previously.

Government auctions sometimes allow the bidders to inspect the cars a day before the auction. Take advantage of this and come early and scoop around for the car that you’re interested in. You should look for the VIN number and check the background of the car that you’ll be bidding on so you’ll know if it’s worth the cost. Although you should be able to spot a couple of good potential cars since government cars are well maintained and kept in good form.

After government auctions begin, the car that is being offered will be unveiled. Bidders then begin to make their offers and do not stop until placement of the final bid. Next, the car is bought by the person who made the largest bid. Regulations will vary at this point, depending on the particular auction company, but an on-the-spot payment of $500 is generally required. Then, when the balance on the car is paid off, the car will be released. This is normally done in less than one full day. When these steps are completed, though, you are free to drive off in your brand new automobile. The sole remaining money you will have to come up with will be for the title and registration. Overall, through government auctions, you will have bought inexpensively a fantastic new automobile that will bring you years of service and satisfaction.

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What is the cheapest way to buy a new car?

Wednesday, February 17th, 2010

I plan on buying a new car with a loan from my bank. I want to know any tricks about buying that make it cheap. Is it cheapest to buy it from a dealer versus some other way? Are all dealers going to charge the same? Can I negotiate the price of a new car? Are certain times of year or any other factors likely to raise or lower the price?

Thank you very much!

check this website

http://www.dealertricks.com/

this one shows rebates
http://autos.msn.com/home/rebates_all.aspx

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What is the definition of a brand new car?

Wednesday, February 17th, 2010

I’m going to be buying a new car soon. I want to buy something brand new – with as few miles on the odometer as possible.

Somebody told me once that any car with over 100 miles on it is used. True or not? What about a model from last year with less than 100 miles on it. Is it still new?

What is the definition of a new car?

Personal opinion, if a vehicle has more than 10 miles on it, I consider it used, but avio is right, technically until the vehicle is registered and licensed, it can still be considered new, despite the mileage. A friend of mine bought a "new" Honda with 143 miles on it. Smart move to buy a new car rather than used, take your time, get something you will be happy with, and best of luck.

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New car Dealer backing out of deal after we both signed purchase agreement and contract!?

Monday, February 15th, 2010

I had a dealer back out of a car sale today after we both signed the contract and purchase agreement for the price they gave me for the VIN. & model I wanted. As well as they charged my card for the first and last months payment. While I was waiting for the plate runner to return with my new plates the sales manager stated that they couldnt do the deal for the price and needed to charge me an additional $4000.00. They wouldn’t let me take the car and stated that they couldnt honor the deal they wrote up. Please help if you have knowlage on this sort of topic.
Note : I have both signed docs. as well as my receipt for payment of first/last.

Offer and acceptance. The contract is binding, and he may not charge you an additional $4000. If he refuses to sell you the car at the agreed price, you can go out and buy a replacement car (same model, features, etc.) for the next-best price you can and then bill / sue the dealer for the difference between what you paid and the contract price.

Let him know that the deal is governed by the UCC ยง 2-713, and if he doesn’t perform then you’ll sue him in small claims court for damages. But first make sure that the contract terms don’t specify that he’s allowed to terminate without cause before delivery.

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How can I buy a new car if I owe more than what my car I have now is worth?

Monday, February 15th, 2010

I have a 2002 Ford Explorer with about 75,000 miles on it and I owe $9,000 and it is only worth about $3500 trade in value. Can I buy a new car with that much debt owed on it? Are there any incentives or grants that I can apply for to help me buy a new car without taking a $5000 loss on it. I live in Lancaster county PA. Thank you.

what is the problem of your ford explorer it is a nice car with just 75000 mi .it will last at least for another 75000 mi.

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In 2009, 60% of car loans will be paid off, does that mean people will rush to buy new cars?

Tuesday, February 9th, 2010

A car salesman told me there are 4 to 5 year car buying peaks, the last peak in car sales were from the years 2005 and 2006.
he said most car loans will be paid off in 2009 and 2010
and in those same years they are expecting another peak in new car sales.
any truth in that?

I have been in the business for 10 years most people try and trade after 3 years. The current popularity of 72 month and even 84 month finance will change that. We get a steady flow of customer for the most part until like now the economy get shaky then we slow down. The 2005/2006 spree was caused by low rates and big sales(GM’s first employee price sale). I hope it does turn but I wont hold my breath

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When Does The "New Model Year" Effect The Prices of Used Cars ?

Tuesday, February 9th, 2010

The automotive model year officially changes like on 10-1 or thereabouts, if I recall correctly.

However, prior to that, info about the new models is available.

At some time during the year, the price of all cars (with certain exceptions) drops a notch – demand for the ‘expiring’ year drops off as people will wait a little while for the new one. That trickles down and at that point, every prior model year drops down a notch.

That effect is wayyy big if there is a significant change in the new model.

So, the question is:

When does this dropping-a-notch in price happen – practically speaking ?

BTW – I am not going to buy a new car – so i don’t need any info on the strategies involved w them.

For cars/trucks that are a few years old, when will their resale value take some amount of a hit due to the impending release of the new model ?

Many cars start getting majorly marked down in late June/early July. I would suspect that the best deals (if the buyer isn’t partial to any color/specs) are to be had in August, since dealerships need to clear out for new inventory.

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What I have to pay for buying new car in New York?

Monday, February 1st, 2010

My wife and I have lived in New York few months and we are thinking about buying a new car. We wanna know if we buy a small car like Hyundai Accent, what we have to know about owning?Which kind of tax we have to pay on the car? How much is the tax for the car we have to pay each year? We just know about the price of the car, but we have no idea about other expense for owning the car!

An easy place to start will be the local dealership, since most if not all of them also process the paperwork (title, plates, registration, inspection, etc) at the same time. You also should get a few quotes from insurance companies, depending on where you live (NYC versus somewhere upstate), as well as any extras, like parking garages, etc.

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Insiders Guide to Buying a New or Used Car

Friday, January 29th, 2010

Insiders Guide to Buying a New or Used Car
Current information on how to get the best deals on trade-ins, new car prices, special options and financing and how to buy a car on the Web.

(more…)

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Can You Negotiate Used Car Prices Like You Can With New Cars?

Friday, January 29th, 2010

My dad and I are looking at used cars, I was just wondering. Are used car prices usually set, or can you haggle them like you do with a new car’s sticker price?

You can haggle pricing on any car….used cars are generally easier than new cars,if you buy from a new car dealer, because the dealer gets them almost for free if it’s a trade-in…..

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